Theory of imputation
Theory in economics / From Wikipedia, the free encyclopedia
For other uses of "imputation", see imputation (disambiguation).
The theory of imputation is based on the so-called theory of factors of production proposed by the French economist Jean-Baptiste Say and elaborated by the American economist John Bates Clark in his work The Distribution of Wealth (1899; Russian translation, 1934).[1][2][3][4] The proponents of the theory of imputation see its main task as elucidating which parts of wealth may be attributed (imputed) to labor and capital, respectively.[5]