Ebbe Yndgaard () (Department of Economics, University of Aarhus, Denmark)
Abstract
On the occasion of the one hundred years' anniversary an unsettled dispute between John Hobson and Alfred Marshall is revived. The paper argues that Marshall misunderstood Hobson who by claiming that the choice of technique is endogenous arrives at the conclusion that marginal labour is an indeterminate and hence inoperational concept.
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Publisher Info
Paper provided by School of Economics and Management, University of Aarhus in its series Economics Working Papers with number
1997-24.
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