Laws of Production and Laws of Algebra: The Humbug Production Function
Topic: Aggregate Production Functions
(1974) The Review of Economics and Statistics, Volume 56(1), February 1974, p. 115-120. [Download PDF 873KB] [Spanish Translation PDF 416KB]
For Robert Solow's rejoinder, click here.
For my responses to Robert Solow's rejoinder, please see "Laws of Production and Laws of Algebra: Humbug II" (1980): [Download PDF 805KB] and "Nonlinear Dynamics and Pseudo-Production Functions" (2005): [Download PDF 239KB]