Time Preference and the Productivity of Roundaboutness

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

Chapter Chapter 6 in Capital, Interest, and Waiting, 2024, pp 129-163 from Springer

Abstract: Abstract Time preferences of consumption and opportunities to increase the productivity of land and labor through roundabout methods of production heavily influence the supply and demand of interest.

Keywords: Economic theory; Capital theory; Capital and interest theory; Waiting theory and capital; Monetary economics; Financial economics; Capital goods; Intermediate goods; Land use in the economy; Roundaboutness; Demand; Durability and arbitrage; Derived demand (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_6

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DOI: 10.1007/978-3-031-63398-0_6

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