Abstract
The entrepreneur has to combine factors of production on the basis of a rational calculation, certain elements of which can be determined only in advance. His forward-looking decision fixes the amount of capital to be combined with labour, and so determines the capital intensity of the firm.
Translated from French by Elizabeth Henderson.
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Notes
Alain Barrere, ‘L’Analyse des relations entre le capital et la production’, Revue d’Economie Politique, 1955, pp. 332–408.
F. A. Lutz, ‘Théorie du capital et théorie de la production’, Economie Appliquée, 1948, p. 8.
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© 1961 International Economic Association
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BarrÈre, A. (1961). Capital Intensity and the Combination of Factors of Production. In: Hague, D.C. (eds) The Theory of Capital. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08452-4_8
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DOI: https://doi.org/10.1007/978-1-349-08452-4_8
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