Investment Functions and the Profitability Gap
نویسندگان
چکیده
We examine a variety of fixed asset investment theory approaches and show that, despite apparent differences, all contain a common ‘gene’ – the profitability gap. This finding is equally applicable to the paradigms of neoclassical general equilibrium in logical time and post-classical fullyadjusted stationary and steady states in historical time. The generic investment function and its characteristic gene appear to be one of the universals of economic science, equally at home as explanators of investment, inflation/deflation and related cumulative processes.
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