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Laws of Production and Laws of Algebra: The Humbug Production Function

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Blog mentions

As found by EconAcademics.org, the blog aggregator for Economics research:
  1. #tbt Anwar Shaikh 1974 Laws of Production and Laws of Algebra: The Humbug Production Function
    by Mike Isaacson in Vulgar Economics on 2015-05-07 22:07:00
  2. Incorporating energy into production functions
    by Steve Keen in Steve Keen's Debtwatch on 2016-08-19 17:17:18

Citations

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Cited by:

  1. James Hartley, 2000. "Does the Solow Residual Actually Measure Changes in Technology?," Review of Political Economy, Taylor & Francis Journals, vol. 12(1), pages 27-44.
  2. Felipe, Jesus & McCombie, J. S. L., 1999. "Wan's "New Approach" to Technical Change: A Comment," Journal of Comparative Economics, Elsevier, vol. 27(2), pages 355-363, June.
  3. Jan Mikael Malmaeus, 2016. "Economic Values and Resource Use," Sustainability, MDPI, vol. 8(5), pages 1-20, May.
  4. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
  5. Jesus Felipe & Rana Hasan & J. S. L. McCombie, 2008. "Correcting for biases when estimating production functions: an illusion of the laws of algebra?," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 32(3), pages 441-459, May.
  6. Jesus Felipe & J. S. L. Mccombie, 2007. "On the Rental Price of Capital and the Profit Rate: The Perils and Pitfalls of Total Factor Productivity Growth," Review of Political Economy, Taylor & Francis Journals, vol. 19(3), pages 317-345.
  7. Carey W. King, 2021. "Interdependence of Growth, Structure, Size and Resource Consumption During an Economic Growth Cycle," Papers 2106.02512, arXiv.org.
  8. Eric Miller, 2008. "An Assessment of CES and Cobb-Douglas Production Functions: Working Paper 2008-05," Working Papers 19992, Congressional Budget Office.
  9. Chirinko, Robert S., 2008. "[sigma]: The long and short of it," Journal of Macroeconomics, Elsevier, vol. 30(2), pages 671-686, June.
  10. Thomas Michl, 1999. "Biased Technical Change and the Aggregate Production Function," International Review of Applied Economics, Taylor & Francis Journals, vol. 13(2), pages 193-206.
  11. Carey W. King, 2022. "Interdependence of Growth, Structure, Size and Resource Consumption During an Economic Growth Cycle," Biophysical Economics and Resource Quality, Springer, vol. 7(1), pages 1-30, March.
  12. Fix, Blair, 2015. "Putting Power Back Into Growth Theory," Review of Capital as Power, Capital As Power - Toward a New Cosmology of Capitalism, vol. 1(2), pages 1-37.
  13. Giovanni Dosi & Marco Grazzi & Luigi Marengo & Simona Settepanella, 2016. "Production Theory: Accounting for Firm Heterogeneity and Technical Change," Journal of Industrial Economics, Wiley Blackwell, vol. 64(4), pages 875-907, December.
  14. Andrea Borsato, 2021. "Does the Secular Stagnation hypothesis match with data? Evidence from USA," Working Papers of BETA 2021-11, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
  15. Juan E. Jacobo, 2022. "Back to the Surplus: An Unorthodox Neoclassical Model of Growth, Distribution and Unemployment with Technical Change," Papers 2211.14978, arXiv.org.
  16. John E King, 2016. "Book review: Anwar Shaikh, Capitalism: Competition, Conflict, Crises," The Economic and Labour Relations Review, , vol. 27(4), pages 548-553, December.
  17. Bulent Ozel & Reynold Christian Nathanael & Marco Raberto & Andrea Teglio & Silvano Cincotti, 2019. "Macroeconomic implications of mortgage loan requirements: an agent-based approach," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 14(1), pages 7-46, March.
  18. Codrina Rada & Lance Taylor, 2004. "Empty Sources of Growth Accounting, and Empirical Replacements à la Kaldor with Some Beef," Economia, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], vol. 5(3), pages 45-74.
  19. Roberto Pasqualino & Melissa Demartini & Faezeh Bagheri, 2021. "Digital Transformation and Sustainable Oriented Innovation: A System Transition Model for Socio-Economic Scenario Analysis," Sustainability, MDPI, vol. 13(21), pages 1-34, October.
  20. Jeff Biddle, 2012. "Retrospectives: The Introduction of the Cobb-Douglas Regression," Journal of Economic Perspectives, American Economic Association, vol. 26(2), pages 223-236, Spring.
  21. Jesus Felipe, 1998. "Does the aggregate production function imply anything about the laws of production? A comment," Applied Economics Letters, Taylor & Francis Journals, vol. 5(9), pages 543-547.
  22. Mellár, Tamás, 2018. "Jövedelmi és termelési elszámolás makrogazdasági megközelítésben [Income and production calculations in a macro approach]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 810-830.
  23. Fioretti, Guido, 2007. "The production function," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 374(2), pages 707-714.
  24. Daniele Tavani, 2023. "The Classical Model of Growth and Distribution," Working Papers 2311, New School for Social Research, Department of Economics.
  25. Marc Lavoie, 2022. "Pierangelo Garegnani, come lo intesi alla fine degli anni Ottanta (Pierangelo Garegnani, as perceived in the late 1980s)," Moneta e Credito, Economia civile, vol. 75(299), pages 233-249.
  26. Jacek Osiewalski & Justyna Wróblewska & Kamil Makieła, 2020. "Bayesian comparison of production function-based and time-series GDP models," Empirical Economics, Springer, vol. 58(3), pages 1355-1380, March.
  27. Stefano Zambelli, 2014. "Aggregate Production Functions and Neoclassical Properties: An Empirical Verification," ASSRU Discussion Papers 1405, ASSRU - Algorithmic Social Science Research Unit.
  28. John S.L. McCombie, 2011. "'Cantabrigian Economics' and the aggregate production function," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 165-182.
  29. Bozana Zekan & Ulrich Gunter, 2022. "Zooming into Airbnb listings of European cities: Further investigation of the sector’s competitiveness," Tourism Economics, , vol. 28(3), pages 772-794, May.
  30. Fontagné, Lionel & Foure, Jean, 2017. "General Equilibrium in the Long Run: a Tentative Quantification of the SSP scenarios," Conference papers 332833, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
  31. Jochen Hartwig, 2017. "The Comparative Statics of Effective Demand," Review of Political Economy, Taylor & Francis Journals, vol. 29(3), pages 360-375, July.
  32. Yashin, Pete, 2016. "Кризис И Рост Неравенства. Оптимальный Путь Экономического Роста [The crisis and increasing inequality. The best equilibrium growth path]," MPRA Paper 73544, University Library of Munich, Germany.
  33. Giovanni Dosi & Marco Grazzi, 2005. "Technology as Problem-Solving Procedures and Technology as Input-Output Relations: Some Perspectives on the Theory of Production," LEM Papers Series 2005/26, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  34. Paul E. Brockway & Matthew K. Heun & João Santos & John R. Barrett, 2017. "Energy-Extended CES Aggregate Production: Current Aspects of Their Specification and Econometric Estimation," Energies, MDPI, vol. 10(2), pages 1-23, February.
  35. S K Mishra, 2007. "Globalization and Structural Changes in the Indian Industrial Sector: An Analysis of Production Functions," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(4), pages 56-81, November.
  36. Colacchio, Giorgio & Soci, Anna, 2003. "On the aggregate production function and its presence in modern macroeconomics," Structural Change and Economic Dynamics, Elsevier, vol. 14(1), pages 75-107, March.
  37. Jesus Felipe & J. S. L. McCombie, 2002. "A Problem with Some Estimations and Interpretations of the Mark-up in Manufacturing Industry," International Review of Applied Economics, Taylor & Francis Journals, vol. 16(2), pages 187-215.
  38. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
  39. Javier López-Bernardo & Félix López-Martínez & Engelbert Stockhammer, 2016. "A Post-Keynesian Response to Piketty's ‘Fundamental Contradiction of Capitalism’," Review of Political Economy, Taylor & Francis Journals, vol. 28(2), pages 190-204, April.
  40. Filewod, Ben, 2024. "What can we learn from industry-level (aggregate) production functions?," LSE Research Online Documents on Economics 122388, London School of Economics and Political Science, LSE Library.
  41. Jan Cadil, 2017. "Aggregate Production Function And Income Identity? Empirical Analysis," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 6(1), pages 1-17, May.
  42. K. Vela Velupillai, 2013. "HUMBUGS and other Exotica -- Celebrating Anwar Shaikh," ASSRU Discussion Papers 1307, ASSRU - Algorithmic Social Science Research Unit.
  43. José Lobo & Luís M A Bettencourt & Deborah Strumsky & Geoffrey B West, 2013. "Urban Scaling and the Production Function for Cities," PLOS ONE, Public Library of Science, vol. 8(3), pages 1-10, March.
  44. Yashin, Pete, 2017. "Optimal Equilibrium State in Two-Sector Growth Model," MPRA Paper 76524, University Library of Munich, Germany.
  45. Jesus Felipe & Franklin M. Fisher, 2003. "Aggregation in Production Functions: What Applied Economists should Know," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 208-262, May.
  46. Thomas Fredholm & Stefano Zambelli, 2013. "Production Functions Behaving Badly - Reconsidering Fisher and Shaikh," ASSRU Discussion Papers 1305, ASSRU - Algorithmic Social Science Research Unit.
  47. Robert S. Chirinko & Debdulal Mallick, 2007. "The Fisher/Cobb-Douglas Paradox, Factor Shares, and Cointegration," CESifo Working Paper Series 1998, CESifo.
  48. Jesus Felipe & F. Gerard Adams, 2005. ""A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 427-445, Summer.
  49. Mario Holzner, 2006. "Real Exchange Rate Distortion in Southeast Europe," wiiw Balkan Observatory Working Papers 68, The Vienna Institute for International Economic Studies, wiiw.
  50. Jakub Growiec, 2009. "Determinants of the Labor Share: Evidence from a Panel of Firms," NBP Working Papers 69, Narodowy Bank Polski.
  51. Jamee K. Moudud, 2010. "Strategic Competition, Dynamics, and the Role of the State," Books, Edward Elgar Publishing, number 4241.
  52. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
  53. Matthew K. Heun & João Santos & Paul E. Brockway & Randall Pruim & Tiago Domingos & Marco Sakai, 2017. "From Theory to Econometrics to Energy Policy: Cautionary Tales for Policymaking Using Aggregate Production Functions," Energies, MDPI, vol. 10(2), pages 1-44, February.
  54. Jesus Felipe & Carsten Holz, 2001. "Why do Aggregate Production Functions Work? Fisher's simulations, Shaikh's identity and some new results," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(3), pages 261-285.
  55. Dennis O. Kundisch & Neeraj Mittal & Barrie R. Nault, 2014. "Research Commentary —Using Income Accounting as the Theoretical Basis for Measuring IT Productivity," Information Systems Research, INFORMS, vol. 25(3), pages 449-467, September.
  56. Jonathan Temple, 2006. "Aggregate Production Functions and Growth Economics," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 301-317.
  57. Passas, Costas, 2023. "Standardized capital stock estimates for the Greek economy 1948–2020," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 236-244.
  58. Chia-I Pan & Tsangyao Chang & Yemane Wolde-Rufael, 2015. "Military Spending and Economic Growth in the Middle East Countries: Bootstrap Panel Causality Test," Defence and Peace Economics, Taylor & Francis Journals, vol. 26(4), pages 443-456, August.
  59. Angelo Reati, 2001. "Total factor productivity - a misleading concept," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 54(218), pages 313-332.
  60. G. Silverberg & B. Verspagen, 1995. "Evolutionary Theorizing on Economic Growth," Working Papers wp95078, International Institute for Applied Systems Analysis.
  61. Yashin, Pete, 2014. "The Golden Rule of Capital Accumulation and Global Recession. Aggregate Production Function and the Cambridge Capital Controversy," MPRA Paper 58570, University Library of Munich, Germany.
  62. Daniel Ossa, 2024. "Gender Wage Gap, Wage-Productivity Decoupling, and the Rate of Profit," Review of Radical Political Economics, Union for Radical Political Economics, vol. 56(1), pages 51-69, March.
  63. S K Mishra, 2010. "A Brief History of Production Functions," The IUP Journal of Managerial Economics, IUP Publications, vol. 0(4), pages 6-34, November.
  64. Robert S. Chirinko, 2008. "ó: The Long And Short Of It," CESifo Working Paper Series 2234, CESifo.
  65. G. C. Harcourt, 2015. "On the Cambridge, England, Critique of the Marginal Productivity Theory of Distribution," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(2), pages 243-255, June.
  66. Keen, Steve & Ayres, Robert U. & Standish, Russell, 2019. "A Note on the Role of Energy in Production," Ecological Economics, Elsevier, vol. 157(C), pages 40-46.
  67. Pete YASHIN, 2017. "Optimal Equilibrium State in Two-Sector Growth Model," Journal of Economics and Political Economy, KSP Journals, vol. 4(1), pages 88-106, March.
  68. Aramendia, Emmanuel & Brockway, Paul E. & Pizzol, Massimo & Heun, Matthew K., 2021. "Moving from final to useful stage in energy-economy analysis: A critical assessment," Applied Energy, Elsevier, vol. 283(C).
  69. Philip Mitchell & Tadeusz Patzek, 2024. "A Simple Physics-Based Model of Growth-Based Economies Dependent on a Finite Resource Base," Sustainability, MDPI, vol. 16(18), pages 1-33, September.
  70. Duncan K. Foley & Thomas R. Michl, 2010. "The Classical Theory of Growth and Distribution," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 2, Edward Elgar Publishing.
  71. Amr Khafagy & Mauro Vigani, 2023. "External finance and agricultural productivity growth," Agribusiness, John Wiley & Sons, Ltd., vol. 39(2), pages 448-472, March.
  72. Jesus Felipe & John McCombie, 2006. "The Tyranny of the Identity: Growth Accounting Revisited," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 283-299.
  73. Richters, Oliver, 2015. "Integrating Energy Use into Macroeconomic Stock-Flow Consistent Models," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 154764, September.
  74. Jonathan Temple, 2010. "Aggregate production functions, growth economics, and the part-time tyranny of the identity: a reply to Felipe and McCombie," International Review of Applied Economics, Taylor & Francis Journals, vol. 24(6), pages 685-692.
  75. Geoff C Harcourt, 2013. "The importance of HUMBUG in the Cambridge - Cambridge controversies in capital theory," Discussion Papers 2013-20, School of Economics, The University of New South Wales.
  76. Khalid Abu-Ismail, 2003. "The Myth of Export-Led Growth," Working Papers 0335, Economic Research Forum, revised Nov 2003.
  77. Francisco Javier Sánchez-Vidal, 2023. "A Cautionary Note on the Use of Accounting Semi-Identity-Based Models," JRFM, MDPI, vol. 16(9), pages 1-14, August.
  78. Eric Kemp-Benedict & Crystal Drakes & Timothy J. Laing, 2018. "Export-Led Growth, Global Integration, and the External Balance of Small Island Developing States," Economies, MDPI, vol. 6(2), pages 1-25, June.
  79. Giovanni Dosi & Marco Grazzi, 2006. "Technologies as problem-solving procedures and technologies as input--output relations: some perspectives on the theory of production," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 15(1), pages 173-202, February.
  80. Sebastian Gechert, 2022. "Reconsidering macroeconomic policy prescriptions with meta-analysis [Statistical nonsignificance in empirical economics]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 31(2), pages 576-590.
  81. Gary Mongiovi, 2015. "Piketty on Capitalism and Inequality," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(4), pages 558-565, December.
  82. Fabrizio Ferretti, 2008. "Patterns of technical change: a geometrical analysis using the wage-profit rate schedule," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(5), pages 565-583.
  83. Iwo Augustyński, 2016. "Skutki podniesienia kwoty wolnej od podatku od dochodów osobistych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 1, pages 55-71.
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  89. Jesus Felipe & J. S. L. McCombie, 2005. "How Sound are the Foundations of the Aggregate Production Function?," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 467-488, Summer.
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