The Bankrupting Neoclassical Theory of the Firm
5 Pages Posted: 31 Dec 2013
Date Written: December 29, 2013
Abstract
This paper proves that the neoclassical theory of the firm always produce zero profit. Firms following its advice must file bankruptcy. Hint to rescue such firms is suggested.
Keywords: Firm, Production
JEL Classification: D21, D24
Suggested Citation: Suggested Citation
Choi, Hak, The Bankrupting Neoclassical Theory of the Firm (December 29, 2013). Available at SSRN: https://ssrn.com/abstract=2372976 or http://dx.doi.org/10.2139/ssrn.2372976
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