Investment and production : a study in the theory of the capital-using enterprise /

By:

Smith, Vernon L

Material type: Text

TextSeries: Harvard economic studiesPublication details: Cambridge : Harvard University Press , c1961.Description: 340 p. :illSubject(s):

DDC classification:

338.01 SMI

Summary: 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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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.01 SMI (Browse shelf(Opens below))	Available		31008100209861

Includes bibliographical references and index

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.

mf 25/01/2019

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