The theory of diminishing returns relates to the marginal utility of production. Marginal utility measures the amount of utility gained from increasing or decreasing the consumption of economic ...

Leif Johansen, Substitution versus Fixed Production Coefficients in the Theory of Economic Growth: A Synthesis, Econometrica, Vol. 27, No. 2 (Apr., 1959), pp. 157-176 ...

The primary mission of the JEI is to present articles that use and develop the core ideas of institutional economics in discussions of current economic problems and policy alternatives. The JEI is the ...

Microeconomics, in its examination of the behavior of individual consumers and firms, is divided into consumer demand theory, production theory (also called the theory of the firm), and related topics ...