F.W. Taussig is most famous for his 1888 Tariff History of the United States and his 1911 Principles of Economics. Less well known is a book he wrote in the interim, Wages and Capital: An Examination ...

London: Routledge, 2016, 194 pp. Mateusz Machaj (mateusz.machaj@uwr.edu.pl) is research fellow at the Faculty of Social and Economic Studies at Jan Evangelista Purkyne University in Usti nad Labem, ...

The concepts in "Japanese" production theory, also called zero inventory or just-in-time, have often improved productivity dramatically, sometimes by 100 percent or more. The theory's central ...

What is theory of production? The theory involves some of the most fundamental principles of economics. It is an effort to explain the principle, by which a business firm decides how much of each ...

Learn about Hubbert's Peak Theory and its implications for oil production, future energy reserves, and economic impact.

ABSTRACT: Production theory has, over the course of the past two centuries, been besieged by criticism, ranging from its weak fundamentals to its lack of coherence with the physical sciences. Yet, no ...