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Waiting as a Factor and Interest as Its Price

Leland B. Yeager and Steve H. Hanke ()
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Leland B. Yeager: Auburn University
Steve H. Hanke: Johns Hopkins University

Chapter Chapter 2 in Capital, Interest, and Waiting, 2024, pp 21-44 from Springer

Abstract: Abstract Why it is often convenient to consider waiting as a factor of production, with interest (or an agio) as its price.

Keywords: Waiting; Economic theory; Capital theory; Capital and interest theory; Waiting theory and capital; Monetary economics; Financial economics; Austrian economics (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-63398-0_2

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DOI: 10.1007/978-3-031-63398-0_2

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