‘Not Even Wrong’
This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
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- 01 The Aggregate Production Function and the Measurement of Technical Change ‘Not Even Wrong’
- 01 Copyright
- 01 Contents
- 01 Prologue: ‘Not even wrong’
- 01 Acknowledgements
- 01 Introduction
- Chapter 1: Some problems with the aggregate production function
- Chapter 2: The aggregate production function: behavioural relationship or accounting identity?
- Chapter 3: Simulation studies, the aggregate production function and the accounting identity
- Chapter 4: ‘Are there laws of production?’ The work of Cobb and Douglas and its early reception
- Chapter 5: Solow’s ‘Technical Change and the Aggregate Production Function’, and the accounting identity
- Chapter 6: What does total factor productivity actually measure? Further observations on the Solow model
- Chapter 7: Why are some countries richer than others? A sceptical view of Mankiw–Romer–Weil’s test of the neoclassical growth model
- Chapter 8: Some problems with the neoclassical dual- sector growth model
- Chapter 9: Is capital special? The role of the growth of capital and its externality effect in economic growth
- Chapter 10: Problems posed by the accounting identity for the estimation of the degree of market power and the mark-up
- Chapter 11: Are estimates of labour demand functions mere statistical artefacts?
- Chapter 12: Why have criticisms of the aggregate production function generally been ignored? On further misunderstandings and misinterpretations of the implications of the accounting identity
- 01 References
- 01 Index
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Prologue: ‘Not even wrong’
‘Not Even Wrong’
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