Editing Production function (section)

====On the empirical relevance====
As a result of the criticism on their weak theoretical grounds, it has been claimed that empirical results firmly support the use of neoclassical ''well behaved'' aggregate production functions. Nevertheless, [[Anwar Shaikh (economist)|Anwar Shaikh]]  has demonstrated that they also have no empirical relevance, as long as the alleged good fit comes from an accounting identity, not from any underlying laws of production/distribution.<ref name="Shaikh">{{cite journal |last=Shaikh |first=A. |year=1974 |title=Laws of Production and Laws of Algebra: The Humbug Production Function |journal=[[Review of Economics and Statistics]] |volume=56 |issue=1 |pages=115–120 |doi= 10.2307/1927538|jstor=1927538 }}</ref>