The aggregate production function is NOT neoclassical
通过实际数据计算发现，总量生产函数的新古典假设（如要素需求与价格负相关）并不成立，因此基于该函数的模型和分析缺乏根基。
Standard postulates concerning the aggregate production function are about marginal productivities and the associated demands for labour and capital. These demands are supposed to be negatively related to the factor prices, namely the wage rate and the interest rate. The theoretical cases in which these neoclassical properties fail to hold are regarded as anomalies. We compute the aggregate values for production, capital and labour and find that the neoclassical postulates do not hold for the detailed dataset that we consider. The obvious implication of this result is that the models and analysis based on the aggregate neoclassical production functions are ill founded, as they are based on something that does not exist