The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Period of Production

  • G. O. Orosel
Reference work entry


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.


Aggregate 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 

JEL Classifications

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • G. O. Orosel
    • 1
  1. 1.