Theory of Production

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Focusing on the theory of production within a long-term context, the book explores key topics such as prices, income distribution, economic growth, joint production, and the management of fixed capital. It addresses the complexities of scarce natural resources, including both renewable and exhaustible types, as well as the dynamics of heterogeneous labor. An analytical approach is employed throughout, complemented by an introductory section that offers a historical overview of the subject matter.