Author: Vernon L. Smith
Publisher: Harvard University Press
ISBN: 9780674465008
Category : Business & Economics
Languages : en
Pages : 364
Book Description
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between "short-run" current account production decisions and "long-run" investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Investment and Production
Author: Vernon L. Smith
Publisher: Harvard University Press
ISBN: 9780674465008
Category : Business & Economics
Languages : en
Pages : 364
Book Description
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between "short-run" current account production decisions and "long-run" investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Publisher: Harvard University Press
ISBN: 9780674465008
Category : Business & Economics
Languages : en
Pages : 364
Book Description
Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between "short-run" current account production decisions and "long-run" investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
Investment and production A study in the theory of the capital-using enterpris
The Pure Theory of Capital
Author: Friedrich August Hayek
Publisher: Routledge
ISBN: 0415035279
Category : Business & Economics
Languages : en
Pages : 461
Book Description
This long-overlooked manifesto of capital theory was Hayek's most detailed work in economics. With a new introduction by Hayek expert Lawrence H. White, it is now available again for today's students and economists to discover.
Publisher: Routledge
ISBN: 0415035279
Category : Business & Economics
Languages : en
Pages : 461
Book Description
This long-overlooked manifesto of capital theory was Hayek's most detailed work in economics. With a new introduction by Hayek expert Lawrence H. White, it is now available again for today's students and economists to discover.
International Capital Movements
Author: John Black
Publisher: Springer
ISBN: 1349059897
Category : Business & Economics
Languages : en
Pages : 264
Book Description
Publisher: Springer
ISBN: 1349059897
Category : Business & Economics
Languages : en
Pages : 264
Book Description
The Theory of Capital
Author: D C Hagued
Publisher: Springer
ISBN: 1349084522
Category : Business & Economics
Languages : en
Pages : 419
Book Description
Publisher: Springer
ISBN: 1349084522
Category : Business & Economics
Languages : en
Pages : 419
Book Description
Hearings, Reports and Prints of the Senate Select Committee on Small Business
Author: United States. Congress. Senate. Select Committee on Small Business
Publisher:
ISBN:
Category : Legislative hearings
Languages : en
Pages : 1662
Book Description
Publisher:
ISBN:
Category : Legislative hearings
Languages : en
Pages : 1662
Book Description
Financial Markets in the Capitalist Process
Author: Douglas Vickers
Publisher: University of Pennsylvania Press
ISBN: 1512808334
Category : Business & Economics
Languages : en
Pages : 192
Book Description
The preoccupation of financial theory with static, timeless, equilibrium analysis has given rise to an orthodoxy that avoids the problems of uncertainty in the world. This work establishes new perspectives from which contemporary financial theory can be evaluated. Echoing Keynes' observation that "Human decisions . . . cannot depend on strict mathematical expectation," Douglas Vickers explains why most decisions in economics and finance are not made under conditions to which the calculus of probability applies. The author proposes a "new realism" in financial theory that takes into account the uncertainty in personal and economic decisions. Both business firms and financial investors, he contends, acquire an important perspective on their alternatives by focusing on the transitional, disequilibrium processes in financial markets rather than on their supĀ posed equilibrium conditions. This involves for economic decisions an understanding of "time" as "historic" in a genuine operational sense rather than as merely a logical variable. The notion of probability should be replaced by that of possibility, the concept that the British economist G. L. S. Shackle has called "potential surprise." In Part I, Vickers' innovative approach leads to a careful study of the "false trading" that occurs in real and financial markets. Part II provides an exposition and an evaluation of the equilibrium theory of financial asset prices. The new analytical apparatus is applied in Part Ill to investment decision making in the firm and to the choice of financial asset portfolios, as well as to the questions of asset trading and changes in portfolio composition. A scholarly and constructive work, Financial Markets in the Capitalist Process will generate controversy among professionals and debate among students for many years to come.
Publisher: University of Pennsylvania Press
ISBN: 1512808334
Category : Business & Economics
Languages : en
Pages : 192
Book Description
The preoccupation of financial theory with static, timeless, equilibrium analysis has given rise to an orthodoxy that avoids the problems of uncertainty in the world. This work establishes new perspectives from which contemporary financial theory can be evaluated. Echoing Keynes' observation that "Human decisions . . . cannot depend on strict mathematical expectation," Douglas Vickers explains why most decisions in economics and finance are not made under conditions to which the calculus of probability applies. The author proposes a "new realism" in financial theory that takes into account the uncertainty in personal and economic decisions. Both business firms and financial investors, he contends, acquire an important perspective on their alternatives by focusing on the transitional, disequilibrium processes in financial markets rather than on their supĀ posed equilibrium conditions. This involves for economic decisions an understanding of "time" as "historic" in a genuine operational sense rather than as merely a logical variable. The notion of probability should be replaced by that of possibility, the concept that the British economist G. L. S. Shackle has called "potential surprise." In Part I, Vickers' innovative approach leads to a careful study of the "false trading" that occurs in real and financial markets. Part II provides an exposition and an evaluation of the equilibrium theory of financial asset prices. The new analytical apparatus is applied in Part Ill to investment decision making in the firm and to the choice of financial asset portfolios, as well as to the questions of asset trading and changes in portfolio composition. A scholarly and constructive work, Financial Markets in the Capitalist Process will generate controversy among professionals and debate among students for many years to come.
Capital Theory and the Rate of Return
Author: Robert M. Solow
Publisher: Elsevier Science & Technology
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Book Description
Publisher: Elsevier Science & Technology
ISBN:
Category : Business & Economics
Languages : en
Pages : 108
Book Description
the theory of the firm: production, capital, and finance
Handbook of Production Economics
Author: Subhash C. Ray
Publisher: Springer Nature
ISBN: 9811034559
Category : Business & Economics
Languages : en
Pages : 1797
Book Description
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.
Publisher: Springer Nature
ISBN: 9811034559
Category : Business & Economics
Languages : en
Pages : 1797
Book Description
This three-volume handbook includes state-of-the-art surveys in different areas of neoclassical production economics. Volumes 1 and 2 cover theoretical and methodological issues only. Volume 3 includes surveys of empirical applications in different areas like manufacturing, agriculture, banking, energy and environment, and so forth.