A Further Note on Decreasing Costs

Roy Harrod

Chapter Essay 5 in Economic Essays, 1972, pp 103-107 from Palgrave Macmillan

Abstract: Abstract Interesting additions to the theory of decreasing costs have been made in recent numbers of the Economic Journal by Mrs. Robinson 1 and Mr. Shove; 2 complete precision in this field is almost within our grasp; certain obscurities, however, remain to be cleared up. In particular Mr. Shove’s criticism 3 of Mrs. Robinson has brought to light some difficulties connected with her conception of a normal rate of profit.

Keywords: Demand Curve; Cost Curve; Negative Gradient; Imperfect Competition; Total Average Cost (search for similar items in EconPapers)
Date: 1972
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DOI: 10.1007/978-1-349-01494-1_5

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