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1999 | OriginalPaper | Buchkapitel

The Replacement Effect

verfasst von : Branko Horvat

Erschienen in: The Theory of International Trade

Verlag: Palgrave Macmillan UK

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Labour input is measured by labour time. If economic systems — similarly to physical systems — move (change) in time, the measuring rod of time itself will change. Dynamic systems involve time in an essential way and so there is no absolute time independent from the rate of change (speed of movement).

Metadaten
Titel
The Replacement Effect
verfasst von
Branko Horvat
Copyright-Jahr
1999
Verlag
Palgrave Macmillan UK
DOI
https://doi.org/10.1057/9780333983386_7

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