Tubaro, Paola (2008) Producer choice and technical unemployment: John E. Tozer's mathematical model (1838). The European Journal of the History of Economic Thought, 15 (3). pp. 433-454. ISSN 0967-2567 (Print), 1469-5936 (Online) (doi:10.1080/09672560802252313)

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Abstract

The paper presents Tozer's study of the effects of the mechanization of productive activities on employment as an effort to devise a mathematical model, as an analytical method that would be more general and robust than Ricardo's numerical examples. The contradictory nature of this achievement is emphasized: while with the help of algebra Tozer made significant progress in model building in economics, it is argued that his contribution to a deeper understanding of the phenomenon under study is much less satisfactory, due to the difficulties he faced in his effort to incorporate consumption and demand into a classical analytical framework.

Item Type:	Article
Additional Information:	[1] First published: 2008. [2] Published online: 15 August 2008. [3] Published as: The European Journal of the History of Economic Thought, (2008), Vol. 15, (3), pp. 433-454.
Uncontrolled Keywords:	J. E. Tozer, D. Ricardo, producer choice, machinery, technical unemployment, mathematical modeling, history of economics
Subjects:	H Social Sciences > HB Economic Theory
Faculty / School / Research Centre / Research Group:	Faculty of Business > Networks and Urban Systems Centre (NUSC) > Centre for Business Network Analysis (CBNA)
Related URLs:	Publisher Organisation
Last Modified:	14 Oct 2016 09:14
URI:	http://gala.gre.ac.uk/id/eprint/5430

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