Version history — Diminishing Returns (Law of)¶

Current edition: v3 · 2026-09-28 · prime abstraction

Corrections¶

Checking this entry found 1 error, now corrected: against its sources, or where it contradicted itself or its arithmetic did not hold. It is listed here so a reader can see what changed. How references were checked.

2026-06-19 · Citation corrected. Credited Hayek (1945) with an argument about convex production sets and equilibrium prices that his paper does not make; the claim now cites Arrow and Debreu (1954).

Editions¶

Version	Date	Change	What changed
v3	2026-09-28	A footnote that bundled Krugman's 1979 and 1980 papers was split in two, so the 2 passages on firm-level increasing returns now cite 'Increasing Returns, Monopolistic Competition, and International Trade' (1979) and 'Scale Economies, Product Differentiation, and the Pattern of Trade' (1980) separately.	prose — detailed body (prose edited)
v2	2026-08-30	internal-notes separation: curator bookkeeping moved out of reader-facing Notes into Internal notes	prose — detailed body (prose edited)
v1	2026-08-24	First published edition.	first published edition

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