Interest and the Length of Production: A Reply

Tags: Capital and Interest Theory, Labor and Wages

12/07/2017 Quarterly Journal of Austrian Economics Mateusz Machaj

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Interest and the Length of Production A Reply.pdf

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.

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