Radical Economics and Resource Scarcity

John M. Gowdy
1981 Review of social economy  
This article deals with the peculiarities of functioning of increasing return economics and reasons the necessity to modify the resource scarcity principle as applied to the research of the subject matter of economic processes with increasing return. Modelling the results of reallocation of a common resource among alternative productions in the increasing return economics, the author determines constraints of the law of increasing relative costs.
doi:10.1080/758538456 fatcat:uvwwzj3eezcijj2d7exychfopy