Click here to download

Adolphe Landry’s Theory of Profits
Journal Title: HISTORY OF ECONOMIC THOUGHT AND POLICY 
Author/s: Heinz D. Kurz 
Year:  2012 Issue: Language: English 
Pages:  16 Pg. 125-140 FullText PDF:  95 KB
DOI:  10.3280/SPE2012-002008
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 


The paper provides a critical assessment of Adolphe Landry’s contributions to the theory of capital and interest. His analysis represents one among several variants of marginal productivity theory. The distinguishing feature of his variant is that he considers entrepreneurship a scarce factor of production alongside with the usual factors labour, land and capital. He thus tries to put entrepreneurship - the innovative agens, as Schumpeter saw it - into the Procrustean bed of marginalist theory. It is not clear whether Landry’s combination of various ideas to be found in the contemporary literature generates a coherent whole, because his argument is often suggestive and vague and lacks analytical rigour.
Keywords: Adolphe Landry, Capital, Entrepreneurship, Interest, Marginal Productivity Theory
Jel Code: B13, B31, D24, D33

Heinz D. Kurz, in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2012, pp. 125-140, DOI:10.3280/SPE2012-002008

   

FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content