Chapter

The Production Function

John Hicks

in Capital and Time

Published in print October 1987 | ISBN: 9780198772866
Published online November 2003 | e-ISBN: 9780191596414 | DOI: http://dx.doi.org/10.1093/0198772866.003.0015
 The Production Function

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This chapter discusses the production function. Product as a function of labour and capital applied — a function that is unchanged with given technology, but changes when technology changes. The chapter also addresses the question of whether there is anything left of that old classification of invention-bias introduced in 1932 — the ‘Hicks’ classification. It considers whether it can be brought into relation with the classification used in this book.

Keywords: labour; capital; Hicks classification; invention-bias

Chapter.  3309 words. 

Subjects: Macroeconomics and Monetary Economics

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