Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Surrogate Production Function - Economics Dictionary of Arguments | |||
| Surrogate Production Function: The Surrogate Production Function is a theoretical construct used in capital theory debates. It assumes a smooth aggregate production function despite heterogeneous capital goods. Criticized by economists like Joan Robinson, it oversimplifies capital aggregation and ignores reswitching, where different capital-labor ratios can be optimal at different interest rates. See also Production function, Capital structure._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Samuelson, Paul A. | Surrogate Production Function | Samuelson, Paul A. | |
|
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-04-14 | |||
