The choice of techniques is an area of economics in which the question of the appropriate
capital or
labour-intensity of the method of production of goods is discussed. In the context of traditional development economics it was often recognised (
Stewart (1972) for example) that this choice was central to development strategies and that such choices were inter-twined with decisions over the type of goods to be produced and the scale of operation of an industry.
[Bagchi, Amiya Kumar. (1977) ''Choice of techniques and technological development in underdeveloped countries: a critique of the non-neoclassical orthodoxy''. Calcutta: Centre for Studies in Social Sciences.]
See also
*
Amartya Sen
Amartya Kumar Sen (; born 3 November 1933) is an Indian economist and philosopher. Sen has taught and worked in England and the United States since 1972. In 1998, Sen received the Nobel Memorial Prize in Economic Sciences for his contributions ...
*
Landesque capital
References
Production economics
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