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John Pullen

The Marginal Productivity Theory of Distribution

A Critical History

Ebook (EPUB Format)

The Marginal Productivity Theory of Distribution (MPTD) claims that in a free-market economy the demand for a factor of production will depend upon its marginal product - where &quote;marginal product&quote; is defined as the change in total product that is caused by, or that follows, the addition or subtraction of the marginal unit of the factor used in the production process, with all other inputs held constant. From its inception in the early nineteenth century the MPTD has been claimed by some economists to be a solution to the ethical problem of distributive justice, i.e. to be a means of determining fairness in wages, profits, i… Mehr

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Produktdetails


  • ISBN: 978-1-134-01088-2
  • EAN: 9781134010882
  • Produktnummer: 14826378
  • Verlag: Taylor & Francis Ltd.
  • Sprache: Englisch
  • Erscheinungsjahr: 2009
  • Seitenangabe: 224 S.
  • Plattform: EPUB
  • Masse: 386 KB

Über den Autor


John Pullen was previously Associate Professor in the Department of Business, Economics and Public Policy at the University of New England, Australia, before being appointed as an Honorary Fellow in 2006.

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