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The law of diminishing returns

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  • Published: 01 March 1974
  • Volume 34, pages 69–90, (1974)
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The law of diminishing returns
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  • Ronald W. Shephard nAff1 &
  • Rolf Färe nAff2 
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  • 148 Citations

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References

  1. W. Eichhorn: Deduktion der Ertragsgesetze aus Prämissen, Zeitschrift für Nationalökonomie28 (1968), pp. 191–205.

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  2. W. Eichhorn: Eine Verallgemeinerung des Begriffs der Homogenen Produktionsfunktion, Unternehmensforschung13 (1969).

  3. W. Eichhorn: Theorie der Homogenen Produktionsfunktion, Lectures Notes in Operations Research & Mathematical Systems, No. 22, Berlin—Heidelberg—New York 1970.

  4. R. Färe: Strong Limitationality of Essential Proper Subsets of Factors of Production, Zeitschrift für Nationalökonomie32 (1972), pp. 417–424.

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  5. K. Menger: Bemerkungen zu den Ertragsgesetzen, Zeitschrift für NationalökonomieVII (1936), pp. 25–26 and: Weitere Bemerkungen zu den Ertragsgesetzen, ibid., pp. 388–397. See also the later reissue of these two papers as: The Logic of the Laws of Return, A Study in Metaeconomics, in: Economic Activity Analysis (edited by Oskar Morgenstern), New York 1954.

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  6. J. A. Schumpeter: History of Economic Analysis, Oxford 1966, p. 260.

  7. R. W. Shephard: The Notion of a Production Function, Unternehmensforschung (1967).

  8. R. W. Shephard: Proof of the Law of Diminishing Returns, Zeitschrift für Nationalökonomie30 (1970), pp. 7–34.

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  9. R. W. Shephard: Theory of Cost and Production Functions, Princeton 1970.

  10. R. W. Shephard: Semi-homogenous Production Functions and Scaling of Production, ORC 72-25, Operations Research Center, University of California, Berkeley (September, 1972).

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  11. A. R. J. Turgot: Sur le Memoire de M. de Saint-Péravy (1767), Oeuvres de Turgot, Ed., G. Schelle, 1913–23.

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Author notes
  1. Ronald W. Shephard

    Present address: College of Engineering, Operations Research Center, University of California, 94720, Berkeley, CA, USA

  2. Rolf Färe

    Present address: University of Lund, Lund, Sweden

Authors and Affiliations

    Authors
    1. Ronald W. Shephard
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    2. Rolf Färe
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    Cite this article

    Shephard, R.W., Färe, R. The law of diminishing returns. Zeitschr. f. Nationalökonomie 34, 69–90 (1974). https://doi.org/10.1007/BF01289147

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    • Received: 16 November 1973

    • Published: 01 March 1974

    • Issue Date: March 1974

    • DOI: https://doi.org/10.1007/BF01289147

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    Keywords

    • Economic Theory
    • International Economic
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