UNTENABILITY OF THE LAW OF SUPPLY

The article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical...

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Autores principales: Andrey V. Bystrov, Vladimir S. Filippov, Viacheslav N. Usim
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2017
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Acceso en línea:https://doaj.org/article/af4a89f4f1f8403e8a9a10f63354bd6a
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spelling oai:doaj.org-article:af4a89f4f1f8403e8a9a10f63354bd6a2021-11-15T05:20:43ZUNTENABILITY OF THE LAW OF SUPPLY2413-28292587-925110.21686/2413-2829-2015-3-14-24https://doaj.org/article/af4a89f4f1f8403e8a9a10f63354bd6a2017-09-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/38https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical law of supply the hypotheses being considered have no justified proof and contradict to the realities of man-machine production. Analyzing technological foundations of the production system is one of the most interesting aspects discussed in the article. It should be pointed out that this subject is not the focus of modern economists' attention, though these aspects determine the dynamics of developing production apparatus and the level of corporate competitiveness.Andrey V. BystrovVladimir S. FilippovViacheslav N. UsimPlekhanov Russian University of Economicsarticlethe law of supplythe curve of supplythe law of declining profitabilityproduction factorstechnological limitEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 0, Iss 3, Pp 14-24 (2017)
institution DOAJ
collection DOAJ
language RU
topic the law of supply
the curve of supply
the law of declining profitability
production factors
technological limit
Economics as a science
HB71-74
spellingShingle the law of supply
the curve of supply
the law of declining profitability
production factors
technological limit
Economics as a science
HB71-74
Andrey V. Bystrov
Vladimir S. Filippov
Viacheslav N. Usim
UNTENABILITY OF THE LAW OF SUPPLY
description The article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical law of supply the hypotheses being considered have no justified proof and contradict to the realities of man-machine production. Analyzing technological foundations of the production system is one of the most interesting aspects discussed in the article. It should be pointed out that this subject is not the focus of modern economists' attention, though these aspects determine the dynamics of developing production apparatus and the level of corporate competitiveness.
format article
author Andrey V. Bystrov
Vladimir S. Filippov
Viacheslav N. Usim
author_facet Andrey V. Bystrov
Vladimir S. Filippov
Viacheslav N. Usim
author_sort Andrey V. Bystrov
title UNTENABILITY OF THE LAW OF SUPPLY
title_short UNTENABILITY OF THE LAW OF SUPPLY
title_full UNTENABILITY OF THE LAW OF SUPPLY
title_fullStr UNTENABILITY OF THE LAW OF SUPPLY
title_full_unstemmed UNTENABILITY OF THE LAW OF SUPPLY
title_sort untenability of the law of supply
publisher Plekhanov Russian University of Economics
publishDate 2017
url https://doaj.org/article/af4a89f4f1f8403e8a9a10f63354bd6a
work_keys_str_mv AT andreyvbystrov untenabilityofthelawofsupply
AT vladimirsfilippov untenabilityofthelawofsupply
AT viacheslavnusim untenabilityofthelawofsupply
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