Ep. 273 The Austrian Theory of Interest, Current and Future
Bob Murphy Show
00:00
How to Write Out the Return on Investment on Your Investment
The production function takes the amount of machines as an input and then turns that into consumption goods. All right, so the consumption good is not the same thing as machinery. Then in addition to having to keep track of consumption goods and machines, there's another variable, it's the price of the machines measuring units of consumption goods.
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