News

In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...
This paper makes three related points useful in teaching first-year graduate production theory. First, the local applicability of the classical function coefficient idea for short-run nonhomogeneous ...
An educational production function is developed from the earlier models of Bloom, Hanushek, and Allison. Using two-stage least squares regression, the statistical analysis attempts to sort out the ...