Capital Immobility, Adjusted Costs, and the Theoretical Foundations of Income-Expenditure Models

In an analysis of the theoretical relationships between capital-market equilibrium and the investment behavior of firms, the relative price of capital and consumer goods and the real rate of interest are required to equal the technical rates of transformation. Further, it is assumed that there are i...

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Veröffentlicht in:	The Journal of political economy 1979-04, Vol.87 (2), p.267
Hauptverfasser:	Floyd, John E, Hynes, J Allan
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital markets Capital movement Constant Costs Economic models Economic theory Expenditures Income Macroeconomics Political economy Production
Online-Zugang:	Volltext
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