A Theory of Profit and Interest
L. Kotany
The Quarterly Journal of Economics, 1922, vol. 36, issue 3, 413-453
Abstract:
New sources of reliable data, 414. — I. The facts: primary and secondary data, 415. — Examples in industry, the laws of the optimum and of the two returns, 416. — Similarly in agriculture, 421. — The costs of production decrease with the increase in capital, examples in industry, 425. — Similarly in agriculture, 429. — Vertical integration reduces cost, 430. — Two opposing factors bring about the emergence of the three laws, 431. — II. The theory: New formulation of the two laws of return, 437. — The law of equilibrium, 442. — The emergence of the optimum size, 446. — Differences in capitals the cause of the emergence of profit, 447. — The older theories invalid, 447. — The Marxian theory is based on wrong secondary data, which assume but do not prove the conclusions, 448. — Theory of interest, 449. — Influence of both kinds of size, 451. — Influence of time, 452. — Singular position of commercial loans, 452.
Date: 1922
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.2307/1886032 (application/pdf)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:36:y:1922:i:3:p:413-453.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva
More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College
Bibliographic data for series maintained by Oxford University Press ().