 | Heinz D. Kurz - Biography & Autobiography - 2000 - 480 pages
...short periods are considered. (Sraffa, 1925, p. 278 [p. 324]; all italics but the first one are added) [T]he wider the definition which we assume for 'an...known, arises from the consideration of the element of time, whereby the shorter the period of time allowed for the adjustments, the greater is the likelihood... | |
 | Prue Kerr, Geoffrey Colin Harcourt - Business & Economics - 2002 - 424 pages
...economists with reference to land was entirely adequate. It had always been perfectly obvious that its operation affected, not merely rent, but also the...known, arises from the consideration of the element of time, whereby the shorter the period of time allowed for the adjustments, the greater is the likelihood... | |
 | Geoffrey Colin Harcourt - Biography & Autobiography - 2003 - 456 pages
...make the commodity which the industry is to produce (for example, we move from agriculture to fruit) 'the greater will be the probability that the forces...which make for increasing returns will predominate' (1926: 538). Sraffa likens these effects to the effects of time, in particular the rime allowed for... | |
 | Guang-Zhen Sun - Business & Economics - 2005 - 312 pages
...conditions. On the other hand, the importance of "external economies" was more and more emphasized — that is, of the advantage derived by individual producers...known, arises from the consideration of the element of time, whereby the shorter the period of time allowed for the adjustments, the greater is the likelihood... | |
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— that is, the more nearly it includes all the undertakings which employ a given factor of production, as, for example, agriculture or the iron industry — the more probable will it be that the forces which make for diminishing returns will play an... 