The Trend 1968 Version

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: The Trend 1968 Version: Fassung

Author:: Steindl, Josef

Scope:: Manuskript, nummeriert, 12 Seiten

Publication date:: ohne Datum

Language:: English

Description:: Trend, technical progress and trade cycle, investment decision, rate of profit. Motivation for new version: Investment decision most difficult part of macro-economic theory: especially if one goes beyond the trade cycle. "Pure cycle" was a very unsatisfactory abstraction. Technical progress is to be brought into trade cycle as well (or into trend). [...] New: The idea of a standard or normal rate of gross profit which has to be earned (expected) in order to justify the investment. This is a reciprocal of the pay-off period, i.e. the number of years after which the inevstment must have been recovered from additional revenues. (Auszug, S. 1)

Note:: Unveröffentlichtes Manuskript. - Zusatz zum Titel fingiert. - Steindl hat mehrere Entwürfe zu "Trend and Cycle " verfasst, die letzte Fassung, geschrieben vermutlich 1988, wurde 2004 post mortem veröffentlicht. - Die vorliegende Fassung entstand vor 1988.

Related work:: Steindl, Josef: Trend and Cycle. In: Mott, Tracy und Shapiro, Nina (Hrsg.): Rethinking Capitalist Development. Essays on the Economics of Josef Steindl. New York: Routledge 2004, S. 164-173

Topic:: Growth,cycle and stagnation

Subject:: Konjunkturzyklus Investitionsentscheidung Profitrate Technischer Fortschritt Mathematisches Modell

JEL Classification:: E32 [Business Fluctuations, Cycles] E37 [Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Applications]

Shelfmark:: S/M.60.2

Access:: Free access

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