UNTENABILITY OF THE LAW OF SUPPLY
The article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical...
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2017-09-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
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| Online Access: | https://vest.rea.ru/jour/article/view/38 |
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| _version_ | 1849244618408853504 |
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| author | Andrey V. Bystrov Vladimir S. Filippov Viacheslav N. Usim |
| author_facet | Andrey V. Bystrov Vladimir S. Filippov Viacheslav N. Usim |
| author_sort | Andrey V. Bystrov |
| collection | DOAJ |
| description | The article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical law of supply the hypotheses being considered have no justified proof and contradict to the realities of man-machine production. Analyzing technological foundations of the production system is one of the most interesting aspects discussed in the article. It should be pointed out that this subject is not the focus of modern economists' attention, though these aspects determine the dynamics of developing production apparatus and the level of corporate competitiveness. |
| format | Article |
| id | doaj-art-af4a89f4f1f8403e8a9a10f63354bd6a |
| institution | Kabale University |
| issn | 2413-2829 2587-9251 |
| language | Russian |
| publishDate | 2017-09-01 |
| publisher | Plekhanov Russian University of Economics |
| record_format | Article |
| series | Вестник Российского экономического университета имени Г. В. Плеханова |
| spelling | doaj-art-af4a89f4f1f8403e8a9a10f63354bd6a2025-08-20T03:59:04ZrusPlekhanov Russian University of EconomicsВестник Российского экономического университета имени Г. В. Плеханова2413-28292587-92512017-09-0103142410.21686/2413-2829-2015-3-14-2437UNTENABILITY OF THE LAW OF SUPPLYAndrey V. Bystrov0Vladimir S. Filippov1Viacheslav N. Usim2Plekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsPlekhanov Russian University of EconomicsThe article investigates the fundamental hypotheses of the neo-classical theory, i. e. the law of supply and the law of declining profitability. Based on the practice of real production and arguments of prominent world economists the authors come to the conclusion that in the field of the classical law of supply the hypotheses being considered have no justified proof and contradict to the realities of man-machine production. Analyzing technological foundations of the production system is one of the most interesting aspects discussed in the article. It should be pointed out that this subject is not the focus of modern economists' attention, though these aspects determine the dynamics of developing production apparatus and the level of corporate competitiveness.https://vest.rea.ru/jour/article/view/38the law of supplythe curve of supplythe law of declining profitabilityproduction factorstechnological limit |
| spellingShingle | Andrey V. Bystrov Vladimir S. Filippov Viacheslav N. Usim UNTENABILITY OF THE LAW OF SUPPLY Вестник Российского экономического университета имени Г. В. Плеханова the law of supply the curve of supply the law of declining profitability production factors technological limit |
| title | UNTENABILITY OF THE LAW OF SUPPLY |
| title_full | UNTENABILITY OF THE LAW OF SUPPLY |
| title_fullStr | UNTENABILITY OF THE LAW OF SUPPLY |
| title_full_unstemmed | UNTENABILITY OF THE LAW OF SUPPLY |
| title_short | UNTENABILITY OF THE LAW OF SUPPLY |
| title_sort | untenability of the law of supply |
| topic | the law of supply the curve of supply the law of declining profitability production factors technological limit |
| url | https://vest.rea.ru/jour/article/view/38 |
| work_keys_str_mv | AT andreyvbystrov untenabilityofthelawofsupply AT vladimirsfilippov untenabilityofthelawofsupply AT viacheslavnusim untenabilityofthelawofsupply |