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A note on the factor-price frontier

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Conclusions

For an economist the possibility of an upward sloping factorprice frontier is extremely surprising. It has been shown that although such a factor-price frontier is theoretically possible, it is not very likely that it can occur under given economic and technical conditions since it would imply that capitalists are a class of borrowers (from nature) whereas we can be fairly sure that they are a class of lenders.

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Author notes

  1. Gerhard O. Orosel

    Present address: Institut für Wirtschaftswissenschaften der Universität Wien, Dr.-Karl-Lueger-Ring 1, A-1010, Wien

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    1. Gerhard O. Orosel
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    I am indebted to Prof. E. Streissler for helpful comments.

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    Orosel, G.O. A note on the factor-price frontier. Zeitschr. f. Nationalökonomie 33, 103–114 (1973). https://doi.org/10.1007/BF01283313

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