English, Article edition: The neoclassical production function as a relic of anti-George politics: Implications for ecological economics Czech, Brian

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/32142
Physical Description
  • article
Language
  • English

Edition details

Title
  • The neoclassical production function as a relic of anti-George politics: Implications for ecological economics
Author
  • Czech, Brian
Physical Description
  • article
Notes
  • Widespread support for Henry George's land tax proposal prompted a backlash from wealthy landowners, who focused their political efforts on tax policy. The backlash corresponded chronologically with the development of neoclassical economics, and land barons became active in the establishment of academic economics institutions in the United States. Whereas the classical economists frequently referred to the factors of production as land, labor, and capital, neoclassical textbooks appearing in the 20th century increasingly ignored land and provided a production function, "Y =​ f(K,L)," in which capital and labor were the only factors explicitly identified. Neoclassical authors had several possible reasons for using a two-factor production function, but the political influence on neoclassical economics during its formative stages was conducive to avoiding reference to land when discussing factors of production. An emphasis on land would have invited scrutiny of land rents for tax purposes. Ecological economics has evolved as a response to the shortcomings of neoclassical economics in dealing with the environmental perils of economic growth. One of those shortcomings is the capital/​labor production function which hides the importance of land and natural resources. Ecological economists have developed production functions that are more ecologically oriented, and one of them is explained herein.
  • Henry George Production function Neoclassical economics Land Rents Single tax Factors of production Ecological economics
  • RePEc:eee:ecolec:v:68:y:2009:i:8-9:p:2193-2197
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment