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Capital and TimeA Neo-Austrian Theory$
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J. R. Hicks

Print publication date: 1987

Print ISBN-13: 9780198772866

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198772866.001.0001

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The Measurement of Capital—Value and Volume

The Measurement of Capital—Value and Volume

(p.151) XIII The Measurement of Capital—Value and Volume
Capital and Time

John Hicks

Oxford University Press

This chapter begins by reviewing discussions in the preceding chapters. It then considers what can be done towards relaxing those basic assumptions which have been used for so long — the single homogeneous final product,called Good, and the one original factor, called Labour. These are familiar assumptions, common to many forms of growth theory; but they are very strong assumptions, and should surely at some stage be called in question.

Keywords:   minor switches, multiplicity of goods, labour, economic growth theory

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