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Producer choice and technical unemployment: John E. Tozer's mathematical model (1838)

By Paola Tubaro

Abstract

The paper presents Tozer's study of the effects of the mechanization of productive activities on employment as an effort to devise a mathematical model, as an analytical method that would be more general and robust than Ricardo's numerical examples. The contradictory nature of this achievement is emphasized: while with the help of algebra Tozer made significant progress in model building in economics, it is argued that his contribution to a deeper understanding of the phenomenon under study is much less satisfactory, due to the difficulties he faced in his effort to incorporate consumption and demand into a classical analytical framework

Topics: HB
Publisher: Routledge / Taylor & Francis Group
Year: 2008
OAI identifier: oai:gala.gre.ac.uk:5430

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