Producer choice and technical unemployment: John E. Tozer's mathematical model (1838)
AbstractThe paper presents Tozer's study of the effects of the mechanization of productive activities on employment as an effort to devise a mathematical model, as an analytical method that would be more general and robust than Ricardo's numerical examples. The contradictory nature of this achievement is emphasized: while with the help of algebra Tozer made significant progress in model building in economics, it is argued that his contribution to a deeper understanding of the phenomenon under study is much less satisfactory, due to the difficulties he faced in his effort to incorporate consumption and demand into a classical analytical framework.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal The European Journal of the History of Economic Thought.
Volume (Year): 15 (2008)
Issue (Month): 3 ()
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