Investment and Production : A Study in the Theory of the Capital-Using Enterprise
Book Details
Format
Hardback or Cased Book
Book Series
Harvard Economic Studies
ISBN-10
0674465008
ISBN-13
9780674465008
Publisher
Harvard University Press
Imprint
Harvard University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Jan 1st, 1961
Print length
352 Pages
Weight
544 grams
Product Classification:
Business & management
Ksh 7,550.00
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Developing a unified theory of production and investment, Vernon L. Smith explores the empirical and theoretical nature of the interdependence between “short-run” current account production decisions and “long-run” investment planning, taking into account such technological factors as equipment replacement. The book builds an explicit theory of production planning by integrating production, investment, and equipment replacement policy, derives the decision implications of the use of durable capital goods, and examines the production function concept and the production decision process in engineering design and in general business practice.
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