Efficiency Under Capitalist Production: A Critique and Reformulation
- 1 March 1985
- journal article
- other
- Published by SAGE Publications in Review of Radical Political Economics
- Vol. 17 (1-2) , 212-220
- https://doi.org/10.1177/048661348501700111
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.Keywords
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