Quarterly Journal of Austrian Economics
Interest and the Length of Production: A Reply
ABSTRACT: The article responds to the main points raised by Howden (2016) in his comment on Machaj (2015). Most of them appear not to argue against the model developed in my paper, but argue in favor of most likely scenarios to happen in empirical reality and therefore most probable events to be depicted in the model.
KEYWORDS: capital theory, interest, production structure, labor intensity
JEL CLASSIFICATION: B13, B53, D24, E43
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Cite This Article
Machaj, Mateusz, "Interest and the Length of Production: A Reply," Quarterly Journal of Austrian Economics 20, no. 2 (Summer 2017): 164–170.