A critical perspective on heterodox production modeling
AbstractProduction and distribution needs a proper place in heterodox economics. It has recently been suggested that the construction of production models needs to be empirically grounded. Also it has been stated that empirically grounded production models must be circular production models. This argument then marginalizes the contributions of important economists in heterodox thought. The paper will argue that heterodox production models need not be perfectly circular to make important contributions for heterodox production theory. Furthermore, it will be argued that models which consist of elements of hierarchial structures of production put emphasis on out of equilibrium traverse processes and historical time.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 34255.
Date of creation: 21 Oct 2011
Date of revision:
Heterodox Economic Theory; Heterodox Price and Production Modeling;
Find related papers by JEL classification:
- B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
- B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
- B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
- B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-22 (All new papers)
- NEP-CIS-2011-10-22 (Confederation of Independent States)
- NEP-HME-2011-10-22 (Heterodox Microeconomics)
- NEP-HPE-2011-10-22 (History & Philosophy of Economics)
- NEP-PKE-2011-10-22 (Post Keynesian Economics)
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