|Abortive substitutions (see re-switching)|
|Activity analysis 7-8 , 10n. |
|Capital at cost (see capital-volume)|
|Capital goods 3 ; specific and nonspecific 11 ; interpreted as Equipment 177|
|Capital-value profile 18 ; proper capital-value profile 22 ; value of capital as one sense of Real Capital 152 ; practical problem of valuation 154-6 ; a forward-looking concept 158 ; shareholder's valuation 162|
|Capital-volume, index-number difficulty 153-4 ; interpreted as capital at cost 159 , 168-76 ; increment in capital at cost not measured by saving 174-5|
|Constant returns to scale, two senses of 27|
|Construction period 15 ; effect of increasing labour input over 137|
|Convergence (see steady state)|
|Cost and output-capacity 93 , 192|
|Early and Late Phases, defined 83 ; redefined 90 , 186-7|
|Efficiency curve 39 ; efficiency curve of technology 40 , 120 ; double role in steady-state theory 65 ; restricted efficiency curve 66-8 ; efficiency equation as cost equation 85-7|
|Elasticity of substitution 180 ; of complementarity 180-1|
|Equipment 177 ; old and new equipment 180 ; new equipment unsuitable as independent variable 182|
|Ex-ante and ex-post 14 ; ex-post income 164-6|
|Fixwage theory, defined 48 ; justified 49 ; further justifications, 122 , 126 , 130-2 , 167|
|Forward and backward biases, general definition 77 ; in terms of sectoral cost-ratios 85-6 ; strong biases 86-88 ; effect of strong bias, in fixwage theory 94 ; in full employment theory 106 , 113-15|
|Full Employment theory, defined 48 ; need for assumption about expectations 55-6|
|Full Performance, introduced 52 ; defined 54 ; distinguished from Full Employment 55 ; appearance in Mill 59|
|Gross concepts, belong to Simple Profile 91n. ; gross rate of interest 85 , 188 ; gross rate of growth 188|
|h (sectoral cost-ratio) defined 85|
|Horizontal and vertical complementarity 4|
|Index of Improvement, defined 75 ; in Standard Case 85 , 189 , 195-6|
|Interest 16 ; interest multiplier 20 ; real rate of interest 38 ; rate of interest not price of a 'factor' 39n. |
|Internal rate of return 22|
|Inventions, autonomous and induced 118-22 ; re-defined 121 ; 'Harrod' and 'Hicks' definitions of neutral invention 182-4|
Questia, a part of Gale, Cengage Learning. www.questia.com
Book title: Capital and Time: A Neo-Austrian Theory.
Contributors: J. R. Hicks - Author.
Place of publication: Oxford, England.
Publication year: 1987.
Page number: 211.
This material is protected by copyright and, with the exception of fair use, may
not be further copied, distributed or transmitted in any form or by any means.