Download e-book for iPad: A Look at Leninism by Ron Taber

By Ron Taber

ISBN-10: 0939073366

ISBN-13: 9780939073368

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The law of greater productivity of roundabout methods. The first two points accentuate lesser esteem attached to future goods and so demand. It was not until 1967 when Hirshleifer included considerations of time preference that the von Bohm-Bawerk-Wicksellian system was completed in this respect. 196-197] explained the neglect of demand as follows: von BohmBawerk does mention that time preference helps to determine the subsistence fund but excludes this fact from his analysis. When ~ sell formalized von Bohm-Bawerk's numerical examples he disregarded this aspect.

The subsistence fund. In the following we shall examine to what extent this criticism also applies to the von Neumann-model. We first turn to the use of the average production period. 3, von Neumann no longer resorts to this controversial concept 1 This can be done, because it is possible to determine the economic variables of quantity and price, the interest rate and the growth factor in stationary as well as in quasi-stationary economies, if the dates at which expenditures and income occur are known.

The subsistence fund. In the following we shall examine to what extent this criticism also applies to the von Neumann-model. We first turn to the use of the average production period. 3, von Neumann no longer resorts to this controversial concept 1 This can be done, because it is possible to determine the economic variables of quantity and price, the interest rate and the growth factor in stationary as well as in quasi-stationary economies, if the dates at which expenditures and income occur are known.

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A Look at Leninism by Ron Taber


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