Abstract
The Great Depression is a unique historical episode, so shocking that at least the contemporaries became determined not to allow its recurrence. The experience is valuable, however, in that it permits us to observe how major changes in the economic structure affect a country’s past commitment of resources to specific uses. After all, all investment decisions usually allocate capital for the duration of several years.
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Literature
Vladimir P. Timoshenko, World Agriculture and the Depression (Ann Arbor: University of Michigan Press, 1933), pp. 8–31.
Ludvigs Ekis, Latvia: Economic Resources and Capacities (Washington: The Latvian Legation, 1943), p. 42.
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© 1964 Springer Science+Business Media Dordrecht
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Bandera, V.N. (1964). Allocation of Capital under the Test of Rapidly Changing Economic Conditions. In: Foreign Capital as an Instrument of National Economic Policy. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-6212-0_12
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DOI: https://doi.org/10.1007/978-94-017-6212-0_12
Publisher Name: Springer, Dordrecht
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