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.

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.

• Item Type: MPRA Paper
• Language: English
• Keywords: heterodox theory, accounting rules, structure of production and costs, segmented plants, direct costs, shop expenses, enterprise expenses
• Subjects: D - Microeconomics > D2 - Production and Organizations; B - History of Economic Thought, Methodology, and Heterodox Approaches > B5 - Current Heterodox Approaches

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