The reason for these initial warning is that the neoclassical theory of distribution what has become known as the marginal productivity theory of distribution has been a subject of much debate and confusion since it was formulated in the 1890s we shall survey this debate here. Distribution theory in economics the systematic attempt to account for the sharing of the national income among the owners of the factors of production land labour and capital traditionally economists have studied how the costs of these factors and the size of their return rent wages and. The object of this book is to present a complete systematic and thorough exposition of the neoclassical theory of production and distribution. Components of the neoclassical or marginalist theory the basic idea in neoclassical distribution theory is that incomes are earned in the production of goods and services and that the value of the productive factor reflects its contribution to the total product. Bucher fremdsprachig wahlen sie die abteilung aus in der sie suchen mochten
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