Quarterly Journal of Economics Vol. 73 No. 3 1959
Waiting and the Period of Production
Abstract
<qd> “They also serve who only stand and wait.” — Milton </qd> Statement of the problems, 351. — Böhm-Bawerk's analysis, 352. — Interest in a two-sector economy, 355. — Digression on waiting, 359. — Calculation of the period of production, 362. — Necessity of positive rate of interest, 364. — Sketch of more complicated models, 365. — Conclusions, 367. — Mathematical appendix, 367; the bathtub theorem, 367; solution of the Solow two-sector model, 368; direct calculation of the period of investment of waiting, 370.
- DOI
- 10.2307/1880609
- Volume
- 73
- Issue
- 3
- Pages
- 351
- Sources
- crossref openalex