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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Plekhanov Russian University of Economics
2017
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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) |
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topic |
the law of supply the curve of supply the law of declining profitability production factors technological limit Economics as a science HB71-74 |
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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 |
_version_ |
1718428769035747328 |