History of Political Economy, Volum 10Duke University Press, 1978 |
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Side 355
... capital , as distinguished from reinvestment in durable structures and the like , constituting fixed capital . Relating expenditure to the products produced or sold in a period is , however , to some extent arbitrary . Many expenditures ...
... capital , as distinguished from reinvestment in durable structures and the like , constituting fixed capital . Relating expenditure to the products produced or sold in a period is , however , to some extent arbitrary . Many expenditures ...
Side 364
and capital required . Under dynamic conditions these relations are by no means as rigid as under static conditions ; production at the vari- ous stages has been known to result sometimes in positive , sometimes in negative income . A ...
and capital required . Under dynamic conditions these relations are by no means as rigid as under static conditions ; production at the vari- ous stages has been known to result sometimes in positive , sometimes in negative income . A ...
Side
... capital . Fetter replaced Ricardian differential rent with a " marginal productivity " concept of rent . In addition , he argued that time preference rather than the marginal productivity of capital deter- mines the interest rate . In ...
... capital . Fetter replaced Ricardian differential rent with a " marginal productivity " concept of rent . In addition , he argued that time preference rather than the marginal productivity of capital deter- mines the interest rate . In ...
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