Roundaboutness is Not a Mysterious Concept: A Financial Application to Capital Theory

We apply the EVA terminology to the concepts of roundaboutness and average period of production in capital theory. By doing this we show that these terms have a clear and well understood financial interpretation. A financial application to capital theory helps to clarify obscure and controversial economic terms.

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Year of publication:	2014
Authors:	Cachanosky, N. ; Lewin, P.
Published in:	Review of Political Economy. - Taylor & Francis Journals, ISSN 0953-8259. - Vol. 26.2014, 4, p. 648-665
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011104420