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roundaboutness of production

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  • Roundaboutness — Roundaboutness, or roundabout methods of production , is the term used to describe the process whereby capital goods are produced first and then, with the help of the capital goods, the desired consumer goods are produced. The term was devised by …   Wikipedia

  • Cambridge capital controversy — The Cambridge capital controversy was a 1960s debate in economics concerning the nature and role of capital goods (or means of production). The name arises because of the location of those most involved in the controversy: the debate was largely… …   Wikipedia

  • Austrian School — Part of a series on Libertarianism Austrian School …   Wikipedia

  • Capital (economics) — In economics, capital or capital goods or real capital refers to items of extensive value. The term can also be applied to the amount of wealth a person controls or is capable of controlling.Capital goods may be acquired with money or financial… …   Wikipedia

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

  • Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique …   Wikipedia

  • capital and interest — ▪ economics Introduction       in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively.       Capital in economics is a word of many meanings …   Universalium

  • Ludwig von Mises — Ludwig Heinrich Edler von Mises Austrian School Born 29 September 1881(1881 09 29) Lemberg …   Wikipedia

  • Eugen von Böhm-Bawerk — Infobox Economist school tradition = Austrian School color = #B0C4DE image caption = name = Eugen Ritter von Böhm Bawerk birth = birth date|1851|2|12 Brno, Austria death = Death date and age|1914|8|27|1851|2|12 Vienna, Austria nationality =… …   Wikipedia

  • Friedrich Hayek — Infobox Philosopher region = Western Philosophy era = 20th century philosophy color = #B0C4DE name = Friedrich August von Hayek birth = birth date|1899|5|8 Vienna, Austria Hungary death = death date and age|1992|3|23|1899|5|8 Freiburg, Germany… …   Wikipedia

  • Capital intensity — is the term in economics for the amount of fixed or real capital present in relation to other factors of production, especially labor. At the level of either a production process or the aggregate economy, it may be estimated by the capital/labor… …   Wikipedia

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