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SOME HIDDEN GAINS AND LOSSES OF A WOOL RESERVE SCHEME

SOME HIDDEN GAINS AND LOSSES OF A WOOL RESERVE SCHEME “Through the influence of Alfred Marshall economists have developed a fondness for certain dimensionless expressions called efasticify coefficients. On the whole it appears that their importance is not very great except possibly as a mental exercise for beginning students … Not only are elasticity expressions more or less useless but in more compficated systems they become an actual nuisance converting symmetrical expressions into asymmetrical ones…” http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Australian Journal of Agricultural Resource Economics Wiley

SOME HIDDEN GAINS AND LOSSES OF A WOOL RESERVE SCHEME

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Publisher
Wiley
Copyright
Copyright © 1964 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1364-985X
eISSN
1467-8489
DOI
10.1111/j.1467-8489.1964.tb00362.x
Publisher site
See Article on Publisher Site

Abstract

“Through the influence of Alfred Marshall economists have developed a fondness for certain dimensionless expressions called efasticify coefficients. On the whole it appears that their importance is not very great except possibly as a mental exercise for beginning students … Not only are elasticity expressions more or less useless but in more compficated systems they become an actual nuisance converting symmetrical expressions into asymmetrical ones…”

Journal

The Australian Journal of Agricultural Resource EconomicsWiley

Published: Dec 1, 1964

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