Download This PaperThe Inconsistent Neoclassical Theory of the Firm
4 Pages Posted: 30 Dec 2013 Last revised: 8 Aug 2015
Date Written: December 29, 2013
Abstract
This paper proves that the neoclassical theory of the firm contains some inconsistent mathematics. Since economics, as claimed by economists, is a science, such inconsistency is intolerable. Hint to resolve the inconsistency problem is suggested.
Keywords: Firm, Production
JEL Classification: D21, D24
Suggested Citation: Suggested Citation
Choi, Hak, The Inconsistent Neoclassical Theory of the Firm (December 29, 2013). Available at SSRN: https://ssrn.com/abstract=2372975 or http://dx.doi.org/10.2139/ssrn.2372975
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