Abstract
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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Dorfman, R. 1959. Waiting and the period of production. Quarterly Journal of Economics 73: 351–372.
Hicks, J.R. 1939. Value and capital: An inquiry into some fundamental principles of economic theory. 2nd ed. Oxford: Clarendon Press.
Kaldor, N. 1937. Annual survey of economic theory: The recent controversy on the theory of capital. Econometrica 5: 201–233.
Orosel, G.O. 1979. A reformulation of the Austrian theory of capital and its application to the debate on reswitching and related paradoxes. Zeitschrift für Nationalökonomie 29 (1–2): 1–31.
von Böhm-Bawerk, E. 1889. Kapital und Kapitalzins. Zweite Abteilung: Positive Theorie des Kapitals. Innsbruck: Wagnersche Universitäts-buchhandlung. 4th edn, Jena: Gustav Fischer, 1921. Trans. as Capital and Interest, vol. 2: Positive Theory of Capital, South Holland, IL: Libertarian Press, 1959.
von Weizsäcker, C.C. 1971. Steady state capital theory. Lecture Notes in Operations Research and Mathematical Systems 54. Berlin: Springer.
Weston, J.F. 1951. Some perspectives on capital theory. American Economic Review: Papers and Proceedings 41: 129–144.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Orosel, G.O. (2018). Period of Production. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1351
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1351
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences