A Note on the Marginal Efficiency of Investment and Related Concepts

A simple neo‐classical theory of the demand for capital goods service is presented to clarify the relationship between the marginal productivity of capital and Keynes′s concept of the marginal efficiency of capital. How the latter concept is related to con‐temporary understanding of the marginal efficiency of investment is illustrated, while Keynes′s pessimism regarding stagnant investment is explained within the framework of neo‐classical theory.

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Year of publication:	1990
Authors:	Anders, Gary C. ; Ohta, Hiroshi ; Sailors, Joel
Published in:	Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 17.1990, 2
Publisher:	MCB UP Ltd
Subject:	Capital \| Investment \| Keynesian school

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Type of publication:	Article
Type of publication (narrower categories):	research-article
Language:	English
Other identifiers:	10.1108/01443589010142963 [DOI]
Source:	Other ZBW resources

Persistent link: https://www.econbiz.de/10014863386