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About managerial decisions on capital and financial investments

Gábor Hoványi

Public Finance Quarterly, 2007, vol. 52, issue 3-4, 545-565

Abstract: When Gulliver, the hero of Jonathan Swift's book, arrived in Laputa, he was astonished to find that the inhabitants' heads were all reclined, either to the right, or the left; and one of their eyes turned inward, and the other directly up to the zenith... They were com pletely and constantly rapt in speculation. Therefore, they were no longer able to listen to or engage in a conversation with each other without their servants flapping their mouth or ears with a blown bladder, fastened to the end of a stick.

Date: 2007
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