Munich Personal RePEc Archive

Heterodox production and cost theory of the business enterprise

Lee, Frederic and Jo, Tae-Hee (2010): Heterodox production and cost theory of the business enterprise.

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Abstract

Heterodox economists long complained about having no systematic alternative to neoclassical production and cost theory. This paper deals with this complaint. That is, it presents a theory of production and costs of the business enterprise that is a complete alternative to the neoclassical theory of production and costs of the firm.

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