Specific Productivity

Walter M. Adriance

The Quarterly Journal of Economics, 1914, vol. 29, issue 1, 149-176

Abstract: The argument for productivity as the determinant of distributive shares, 149. — Preliminary criticism, 151. — The main argument for specific productivity rests upon a truism, 152. — The impossibility of isolating specific productivity, 155. — The mathematical error in the method of isolating specific productivity, 158. — The two schools of value theorists, 162. — The psychological theory of value; a safeguard against the dangers in productivity reasoning, 163. — The surrender of the social implications of the productivity thesis, 166. — The element of truth in the specific productivity concept, 168. — Conclusion, 174.

Date: 1914
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