ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Critiques of Macroeconomics

‘Mathiness’ and the Production Function

Paul Romer’s critique of modern growth theory, though important, errs in holding Joan Robinson as an early proponent of flawed methodological practices which he believes affects economics even today. This note argues that Robinson’s work on aggregate production functions highlights much of the problems that Romer calls attention to in the present. In neglecting her contributions, the discipline of economics has emerged poorer.



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Updated On : 1st Nov, 2017

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