ABSTRACT
This chapter explains an established practice in economics by means of Zeno's paradox. It discusses some logical problems arising from the practice; it calls for Cantor's theory of transfinite numbers. Zeno of Elena and Cantor of Saint Petersburg both would have a say in the economics of instantaneous production. Cantor would wonder how the economist could count the uncountable and also, by doing so, obtain a finite value. Zeno would be amazed with the story of the economist who caught up with the tortoise by making, he claimed, a sequence of instantaneous motions. The chapter provides a rigorous way of verifying the Hicks Ian argument. The main objective is, however, to argue that reasoning in the way of the Hicks Ian argument applied to an instantaneous nondurable input, cannot stand side by side with reasoning in the way of condition and applied to a durable input, though each logically valid on its own.
