The Determination of Production
An Introduction to the Study of Economizing Activity

Originally published in 1954, this book explains the way in which production and prices are determined in the Western world.

Burgess Cameron (Author)

9781316509500, Cambridge University Press

Paperback / softback, published 4 February 2016

118 pages
23 x 15.3 x 0.8 cm, 0.2 kg

Originally published in 1954, this book presents a concise explanation of the way in which production and prices are determined in the Western world. The text was written with two key aims in mind: to provide an insight into the workings of the productive system and to create a conceptual model for the reproduction of the productive systems created by modernized, Western nations. A bibliography, appendices and notes are included. This book will be of value to anyone with an interest in the nature of production and the history of economics.

Preface
Introduction
1. The system of production (first model)
2. The level of activity
3. The production function
4. Factor substitution (second model)
5. Consumption (third model)
6. Investment (fourth model)
7. Money (fifth model)
8. The supply of factors (sixth model)
9. Location (seventh model)
10. Alternative methods of production (eighth model)
11. Intra-industry factor allocation (ninth model)
12. Review of economizing activity
13. The state
14. The theory of general interdependence
A note on non-homogeneity of product
A note on monopoly
Appendix 1. The meaning of marginal productivity
Appendix 2. The maximum problem
Select bibliography
Index.

Subject Areas: International economics [KCL]