The Bankrupting Neoclassical Theory of the Firm

5 Pages Posted: 31 Dec 2013

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: December 29, 2013

Abstract

This paper proves that the neoclassical theory of the firm always produce zero profit. Firms following its advice must file bankruptcy. Hint to rescue such firms is suggested.

Keywords: Firm, Production

JEL Classification: D21, D24

Suggested Citation

Choi, Hak, The Bankrupting Neoclassical Theory of the Firm (December 29, 2013). Available at SSRN: https://ssrn.com/abstract=2372976 or http://dx.doi.org/10.2139/ssrn.2372976

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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