Efficiency Under Capitalist Production: A Critique and Reformulation

Abstract
We claim that, within the radical paradigm Gordon's (1976) two dimensions of efficiency are meaningless. His dichotomy is consistent with neo-Ricardian theory. Qualitative efficiency is redefined in value terms and the concept of quantitative efficiency is scrapped. Marglin's (1974) work is re-examined. The authors consider whether the choice of production technology reflects the imperatives of capitalism.