Welfare costs of this magnitude are driven by four main factors: i) multiperiod nominal wage contracting, ii) trend growth in investment-specific and neutral technology, iii) roundaboutness in the U.S ...

(One alternative offered by Hayek was to measure roundaboutness by way of the “period of investment” [Hayek, 1936, p. 496].) By providing multiple production structures differing only by the stages at ...

There is no simple (monotonic) relationship between the interest rate and the "capital intensity" or roundaboutness of production, either at the macro- or the microeconomic level of aggregation.

David Howden (dhowden@slu.edu) is professor of economics at Saint Louis University – Madrid Campus. In addition to Jeffrey Herbener and Shawn Ritenour, I would also like to thank, without implicating, ...

I’m equally sure that any and all proponents of the Adam/Sally/Nicholas triangle have tired of the roundaboutness of it all and are glad to see at least one man bow out of the running-ish.

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