Georgescu-Roegen/Daly versus Solow/Stiglitz Revisited
Georgescu-Roegen/Daly versus Solow/Stiglitz Revisited
复制标题
乔治斯库-罗根/戴利与索洛/斯蒂格利茨重温
DOI:
10.1016/s0921-8009(98)00003-2
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发表时间:
1998
影响因子:
7
通讯作者:
J. Gowdy
中科院分区:
文献类型:
--
作者:
K. Mayumi;M. Giampietro;J. Gowdy
There are two key issues which are not fully elaborated in the papers in a recent special issue of Ecological Economics (The contribution of Nicholas Georgescu-Roegen, Vol. 22, No. 3, 1997):(i) the operational meaning of substitution in production function; and (ii) the effect of technological improvement on resource utilization. In this piece we examine these two issues based on:(i) Georgescu-Roegen’s conceptualization of production process; and (ii) Jevons’ paradox. Neoclassical production functions, whether for individual firms or the aggregate economy, assume that any factor can always be substituted for any other factor (except the cases of fixed coefficients and/or the existence of limitational factors). The implication or entailment of this assumption is that an increase in the input of any factor always yields an increase in output. This is the basis for Solow’s contention that ‘‘[t] he world can, in effect, get along without natural resources’’(Solow, 1974).