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Investment and Production

A Study in the Theory of the Capital-Using Enterprise

Vernon L Smith author

Format:Hardback

Publisher:Harvard University Press

Published:31st Jan '61

Currently unavailable, and unfortunately no date known when it will be back

Investment and Production cover

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.

ISBN: 9780674465008

Dimensions: unknown

Weight: 544g

352 pages