Investment and Production: A Study in the Theory of the Capital-Using Enterprise

by Vernon L. Smith

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...

• Format: Hardcover
• Language: English
• ISBN: 0674465008
• ISBN13: 9780674465008
• Release Date: January 1961
• Publisher: Harvard University Press
• Length: 352 Pages
• Weight: 1.17 lbs.
• Dimensions: 0.9" x 5.9" x 8.5"