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“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…”
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Dec 1, 1964
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