Period of Production
The period of production is, or purports to be, a measure of aggregate capital per head. More specifically, it is a theoretical concept which tries to measure an economy’s (heterogeneous) capital stock per head in (homogeneous) units of time.
KeywordsAggregate capital Böhm-Bawerk, E. von Capital intensity Capital measurement Capital theory Non-substitution theorem Period of production Rate of profit Reswitching Stationary state Time preference
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