Measures 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 7 in Capital, Interest, and Waiting, 2024, pp 165-191 from Springer

Abstract: Abstract Measuring roundaboutness can be fuzzy. This chapter uses the concept of a period of production to emphasize the role of waiting in production.

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; Interest rates; Roundaboutness; Crusonia plant; Period of production (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_7

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DOI: 10.1007/978-3-031-63398-0_7

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