Some Notes on Ideal Output

Kahn, R. F.

doi:10.2307/2224577

Cited by 62 publications

(12 citation statements)

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“…But for Chipman equality between objective and subjective marginal products may occur in two cases: in the absence of external economies (costs are constant) or if there is a monopoly. Yet for Pigou, in perfect competition, private and social marginal products are identical (see Kahn 1935).…”

Section: Resultsmentioning

confidence: 99%

Parametric external economies and the Cambridge controversy on returns

Bobulescu¹

2007

The European Journal of the History of Economic Thought

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The paper focuses on the theoretical modifications of the concept of external economies built by Marshall. The history of external economies was at its crossroads in the thirties, when the Symposium on Increasing Returns took place in Cambridge. Sraffa formulated the main criticism against external economies by pointing to its lack of compatibility with perfect competition, statics and partial equilibrium. I shall try to show that the construction of parametric external economies by John Chipman (1970) is the logical outcome of the controversy on returns, opposing Sraffa to Marshall, Pigou, Shove and Robertson (1930).Increasing returns, (parametric) external economies, competitive equilibrium,

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Section: Resultsmentioning

confidence: 99%

Parametric external economies and the Cambridge controversy on returns

Bobulescu¹

2007

The European Journal of the History of Economic Thought

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“…38 These ''non-equilibrium'' prices imply also a level of remuneration of the factors of production that is different from the neoclassical one, as it is implicit in Kahn (1935). Therefore, below the possibility curve, one should expect profits to diverge from their neoclassical ''equilibrium level''.…”

Section: Expected Profits: Equilibrium and Disequilibriummentioning

confidence: 99%

PPP Financing in the Road Sector: A Disequilibrium Analysis Based on the Monetary Circuit

Cingolani

2010

Transit Stud Rev

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“…Georgescu-Roegen's work might also qualify as Post Keynesian, although it also acts as seminal to ecological economics. Kahn (1935) provides perhaps the earliest example of Post Keynesian concern for the environment in a paper which responds to Pigou (1932) on the question of 'ideal' output. However, amongst the early Post Keynesians, mostly students and associates of Keynes based in Cambridge, this was an isolated example: Robinson's (1972) first significant published comment on green issues came in her lecture to the American Economic Association in 1971.…”

Section: Post Keynesianism and The Environment: Limited Engagementmentioning

confidence: 99%

Post Keynesian economics and the environment: waking up and smelling the coffee burning?

Mearman

2007

IJGE

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This paper examines the past and potential future contributions made on the economics of the environment by the school of thought known as Post Keynesian economics. Post Keynesians have thus far said little on the environment. This is for a number of social, historical and theoretical reasons. However, the paper argues that in the future the school could make significant contributions on the environment, mainly through its methodological approach, which emphasises systems, uncertainty, realism and pluralism.

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Some Notes on Ideal Output

Cited by 62 publications

References 0 publications

Parametric external economies and the Cambridge controversy on returns

Parametric external economies and the Cambridge controversy on returns

PPP Financing in the Road Sector: A Disequilibrium Analysis Based on the Monetary Circuit

Post Keynesian economics and the environment: waking up and smelling the coffee burning?

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