Quarterly Journal of Austrian Economics

Interest and the Length of Production: A Reply

Downloads

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

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.

All Rights Reserved ©
What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. 

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member
Mises Institute