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Laws of Diminishing Returns (Paperback, 1980 ed.)
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Laws of Diminishing Returns (Paperback, 1980 ed.)
Series: Lecture Notes in Economics and Mathematical Systems, 176
Expected to ship within 10 - 15 working days
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Diminishing Returns is a concept deeply rooted in economic thought.
After being introduced by Turgot in 1767 it has become accepted as
one of the cornerstones of contemporary economic theory. My
interest in this area started in the fall semester of 1971 at U.C.
Berkeley where I was enrolled in Professor Ronald W. Shephard's
class on the theory of production. Shephard introduced me to his
work on the Law of Diminishing Returns, and encouraged me to
continue that work. This monograph is a result of my inspiring
experience with Professor Shephard; and I am sincerely grateful to
him for everything he has taught me. In developing some of the
materials in this monograph I have collabo rated with my Swedish
friends Leif Jansson and Leif Svensson. It has been a pleasure to
work with such capable individuals. For reading and making
suggestions on a preliminary version of the monograph, thanks are
due to W. Eichhorn, R. Kirk and R. Sato, and of course to my SIu
friends Shawna Grosskopf and Dan Primont. I would also like to
gratefully acknowledge the support received from a Stiftelsen
Siamon grant. Lastbut not least, special thanks are given to
Claudia Striegel for her care and patience in typing this
manuscript. Rolf Fare October, 1979 Carbondale, Illinois TABLE OF
CONTENTS Page CHAPTER 1. DIMINISHING RETURNS 1 1.1 Introduction ..
1.2 Restrictions of the Study 3 1.3 Outline of the Monograph. 4
CHAPTER 2. THE PRODUCTION TECHNOLOGY 5 2.1 Introduction ...... .
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