|
Based on your IP address, your paper is being delivered by:
|
 |
 |
 |
 |
 |
New York, USA
Processing request.
|
Illinois, USA
Processing request.
|
Brussels, Belgium
Processing request.
|
Seoul, Korea
Processing request.
|
California, USA
Processing request.
|
If you have any problems downloading this paper,
please click on another Download Location above, or
File name: SSRN-id1880091. ; Size: 575K
|
|
The Discounted Marginal Value Product – Marginal Value Product Controversy: A Note
Walter E. Block
Loyola University New Orleans - Joseph A. Butt, S.J. College of Business
July 6, 2011
Review of Austrian Economics, Vol. 4, pp. 199-207, 1990
Abstract:
We are all familiar with the process of discounting the future. From the earliest courses in economics we are taught that money receivable right now is not the equivalent of money receivable one year hence; that money receivable one year from now is not equivalent to money which will fall in to our clutches after a period of two years. And not just because inflation may erode part of the value, or because of the risk of never seeing the money. Even in a perfectly certain world of no inflation, where all accounts receivable were fully guaranteed, we would still value money more, the sooner we were to receive it.
Number of Pages in PDF File: 9
Accepted Paper Series
Download This Paper
Date posted: July 8, 2011
Suggested CitationBlock, Walter E., The Discounted Marginal Value Product – Marginal Value Product Controversy: A Note (July 6, 2011). Review of Austrian Economics, Vol. 4, pp. 199-207, 1990. Available at SSRN: http://ssrn.com/abstract=1880091
|
| Feedback to SSRN (Beta) |
|
|
|
|
|
|
