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The Neoclassical Postulate and the Technology Frontier in Capital Theory

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  • Kazuo Sato

Abstract

I. Introduction, 353. — II. The neoclassical postulate and its neoclassical solution, 355. — III. The technology frontier in the linear-technique model, 358. — IV. The choice of techniques in the linear-technique model, 366. — V. The nature of empirical production functions under the neoclassical postulate, 374. — VI. The technology frontier and the substitution parameter, 376.— VII. Concluding remarks, 382.

Suggested Citation

  • Kazuo Sato, 1974. "The Neoclassical Postulate and the Technology Frontier in Capital Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 88(3), pages 353-384.
    • Handle: RePEc:oup:qjecon:v:88:y:1974:i:3:p:353-384.
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    Cited by:

    1. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    2. Stefano Zambelli, 2014. "Aggregate Production Functions and Neoclassical Properties: An Empirical Verification," ASSRU Discussion Papers 1405, ASSRU - Algorithmic Social Science Research Unit.
    3. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    4. Zambelli, Stefano & Fredholm, Thomas & Venkatachalam, Ragupathy, 2017. "Robust measurement of national technological progress," Structural Change and Economic Dynamics, Elsevier, vol. 42(C), pages 38-55.
    5. Carlo Milana, 2019. "Solving the Reswitching Paradox in the Sraffian Theory of Capital," Applied Economics and Finance, Redfame publishing, vol. 6(6), pages 97-125, November.
    6. Stefano Zambelli, 2018. "Production of commodities by means of commodities and non‐uniform rates of profits," Metroeconomica, Wiley Blackwell, vol. 69(4), pages 791-819, November.

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