This is a preview. Log in through your library . Abstract A recent development in microeconomic theory suggests that the size of the elasticity of substitution between factors is relevant to economic ...

This is a preview. Log in through your library . Abstract It is often asserted that the more substitutable capital and labor are in the aggregate production the more rapidly an economy grows. Recently ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...