A Neo-Neoclassical Theorem

Joan Robinson

Chapter IV in Essays in the Theory of Economic Growth, 1962, pp 120-136 from Palgrave Macmillan

Abstract: Abstract When the conception of the rate of profit determined by the rate of accumulation of capital and thriftiness conditions is combined with the conception of a choice of technique from a given spectrum of possibilities, it can be seen that the highest rate of output of consumption goods is achieved when the rate of profit on capital is equal to the rate of accumulation.1

Keywords: Labour Force; Technical Progress; Capital Good; Consumption Good; Physical Output (search for similar items in EconPapers)
Date: 1962
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00626-7_4

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DOI: 10.1007/978-1-349-00626-7_4

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