Accession Number:

AD0630487

Title:

COMMENTS ON TECHNICAL PROGRESS.

Descriptive Note:

Technical rept.,

Corporate Author:

STANFORD UNIV CALIF INST FOR MATHEMATICAL STUDIES IN THE SOCIAL SCIENCES

Personal Author(s):

Report Date:

1966-01-31

Pagination or Media Count:

31.0

Abstract:

The article consists of various comments on the classification of disembodied, exogenously given technical progress. The connections among three alternative sets of parametric relationships of technical change are discussed. Changes in marginal products, changes in input-output coefficients, augmenting coefficients applied to the inputs in a production function. A general concept of neutrality is introduced to point out the symmetry as between the Hicks and Harrod classifications. J.R. Hicks, The Theory of wages. Macmillan and Co., 1932. R. F. Harrod, Towards a dynamic economics. London, 1948. Conditions for preserving neutrality under aggregation are derived. Author

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE