UNTENABILITY OF THE LAW OF SUPPLY
https://doi.org/10.21686/2413-2829-2015-3-14-24
Abstract
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.
About the Authors
Andrey V. Bystrov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Science, Professor, the Head of the Department for Industrial Economy of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Vladimir S. Filippov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
PhD, Assistant Professor of the Department for Technological Machines and Equipment of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
Viacheslav N. Usim
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Doctor of Economics, Professor of the Department for Industrial Economy of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
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Review
For citations:
Bystrov A.V., Filippov V.S., Usim V.N. UNTENABILITY OF THE LAW OF SUPPLY. Vestnik of the Plekhanov Russian University of Economics. 2015;(3):14-24. (In Russ.) https://doi.org/10.21686/2413-2829-2015-3-14-24
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