The Theory of Marginal Productivity Tested by Data for Manufacturing in Victoria, I

Marjorie L. Handsaker and Paul H. Douglas

The Quarterly Journal of Economics, 1937, vol. 52, issue 1, 1-36

Abstract: I. The method and earlier applications of it, 1.— Scope of the present study, 5.— Differences between Victorian and American industry, 5.— II. The index of production: method and sources, 6; its movements during the period, 18.— III. The index of labor: method and sources, 19; comparison with index of production, 21. IV. The index of capital: method and sources, 21. — V. The equation of production, 24. — VI. Comparison of the computed and actual indexes of production, 25.— Analysis of the divergences of P′ from P, 29.— Comparison of the trends, 32.— Deviations from the trends, 33.

Date: 1937
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