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A DISEQUILIBRIUM INTERPRETATION OF KALDOR'S TECHNICAL PROGRESS FUNCTION *
Author(s) -
Ghosh Dipak
Publication year - 1985
Publication title -
bulletin of economic research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.227
H-Index - 29
eISSN - 1467-8586
pISSN - 0307-3378
DOI - 10.1111/j.1467-8586.1985.tb00184.x
Subject(s) - disequilibrium , economics , context (archaeology) , production (economics) , interpretation (philosophy) , investment (military) , function (biology) , capital (architecture) , production function , investment function , neoclassical economics , technical progress , keynesian economics , macroeconomics , computer science , political science , medicine , history , paleontology , archaeology , evolutionary biology , biology , politics , ophthalmology , law , programming language
SUMMARY This note examines the nature of underlying production function to Kaldor's technical progress function. It has been found that in the context of disequilibrium between planned savings and investment the history of capital accumulation becomes crucial.