Arguably therefore, the production functions used in economic theory—whether spouted by mainstream Neoclassical or non-orthodox Post Keynesians—deserve to “collapse in deepest humiliation”.

The state-contingent properties of the most frequently used representations of stochastic production in the agricultural-economics literature are examined. Particular attention is paid to the cases of ...

Martin J. Beckmann, Ryuzo Sato, Aggregate Production Functions and Types of Technical Progress: A Statistical Analysis, The American Economic Review, Vol. 59, No. 1 (1969), pp. 88-101 ...