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Interest and the Length of Production: A Reply

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Tags Labor and WagesCapital and Interest Theory

12/07/2017Mateusz Machaj

Quarterly Journal of Austrian Economics 20, no. 2 (Summer 2017)

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
Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

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.

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