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, ‘ThĂ©orie du capital et thĂ©orie de la production’, Economie AppliquĂ©e, 1948, p. 8.
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© 1961 International Economic Association
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BarrĂˆre, 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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