Criticisms of Production Functions
There are two major criticisms of the standard form of the production function. On the history of production functions, see Mishra (2007).
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“I have no concern with any economic criticisms of the communist system; I cannot enquire into whether the abolition of private property is expedient or advantageous. But I am able to recognize that the psychological premises on which the system is based are an untenable illusion. In abolishing private property we deprive the human love of aggression of one of its instruments ... but we have in no way altered the differences in power and influence which are misused by aggressiveness.”
—Sigmund Freud (1856–1939)
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—William Wordsworth (1770–1850)