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opportunity cost

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Journal Article
History of Political Economy (2004) 36 (2): 387–400.
Published: 01 June 2004
.... 1958 . Changing Attitudes to Labour in the Mid-Eighteenth Century. Economic History Review 11 : 35 -51. Green, D. 1894 . Pain-Cost and Opportunity-Cost. Quarterly Journal of Economics 8 : 218 -29. Jevons, W. S. [1871] 1970 . The Theory of Political Economy . Harmondsworth, U.K.: Penguin...
Journal Article
History of Political Economy (1987) 19 (2): 261–287.
Published: 01 June 1987
....’ In Encyclopedia of the social sciences (New York). Levine , A. 1975 . ‘Opportunity costs as treated in Talmudic literature.’ Tradition 15 . 1–2 : 153 -72. Neusner , J. 1982– . The Talmud of the Land of Israel, a preliminary translation and explanation . Chicago. Ohrenstein , R...
Journal Article
History of Political Economy (2018) 50 (2): 403–412.
Published: 01 June 2018
...Leland B. Yeager Gustav Cassel explained the interest rate as the price of a factor of production. Irving Fisher rejected Cassel’s contribution and, astonishingly, denied that interest measures any opportunity cost. References Blaug Mark . 1962 . Economic Theory in Retrospect...
Journal Article
History of Political Economy (2007) 39 (1): 97–119.
Published: 01 March 2007
...? In Roads to Freedom: Essays in Honour of Friedrich A. von Hayek , edited by Erich Streissler, 47 -64. New York: Augustus M. Kelley ____. 1987 . Opportunity Cost. In vol. 3 of The New Palgrave: A Dictionary of Economics , edited by John Eatwell, Murray Milgate, and Peter Newman, 718 -21. London...
Journal Article
History of Political Economy (2015) 47 (3): 481–510.
Published: 01 September 2015
...Elodie Bertrand One of Ronald Coase's insights was to extend the economic theory of choice to include the policy choice among institutional arrangements, which had to be analyzed with the same framework as the producer's choice. Both choices, he argued, are amenable to an opportunity-cost approach...
Journal Article
History of Political Economy (2013) 45 (3): 523–548.
Published: 01 September 2013
... has been done previously. In particular, it is shown that a London-based editor and book reviewer, John Houghton, should be given credit for being perhaps the first who explicitly recognized the opportunity cost of forest capital. In his writings, published in 1683 and 1701, Houghton compared forestry...
Journal Article
History of Political Economy (1978) 10 (3): 501–504.
Published: 01 September 1978
... relevant.-Lio ROBBINS,1933 502 History of Political Economy 10:3 (1978) The value of the opportunity-cost approach in various market pricing and cost accounting situations is the subject of this collection of essays. It pre- sents the methodological foundation...
Journal Article
History of Political Economy (1986) 18 (2): 281–290.
Published: 01 June 1986
... return, replanting costs, and opportunity costs of holding the trees for one year constitutes the sum of rents on T plots as follows: ic T f(T) - f(t) - k = r - T I= I r = [f(T) - iif(t) - k 1 T I= 1 T The expression zf...
Journal Article
History of Political Economy (1983) 15 (2): 181–205.
Published: 01 June 1983
... expectations and supplementary-cost evaluation. Past expenditures on machinery, build- ings, and other ‘fixed’ assets were undertaken because the firm’s addi- tional earnings from such investments were expected to at least equal the opportunity costs incurred by each ‘long period’ investment...
Journal Article
History of Political Economy (1992) 24 (4): 909–923.
Published: 01 November 1992
... present employment” (261). He explained that the return required to keep a factor unit in its present employment was the factor’s opportunity cost. Opportunity cost was equated with the idea of transfer price: if the factor reward in the current use were to fall below transfer price, the factor...
Journal Article
History of Political Economy (1978) 10 (3): 504–505.
Published: 01 September 1978
...Daniel R. Fusfeld 504 History of Political Economy 10:3 (1978) leisure as a commodity, the value of leisure has been considered as the negative of work in the allocation of an individual’s time. Based upon the neo-Classical conception of opportunity costs as developed by Knight...
Journal Article
History of Political Economy (1980) 12 (4): 489–498.
Published: 01 November 1980
... in Schumpeter’s writings, because it leaves out of account the opportunity cost, for the prospective entrepreneur, of undertaking the enterprise. Surely the gains and losses, and hence risks, are to be thought of as being relative to the opportunity cost of the enterprise. For example, it could...
Journal Article
History of Political Economy (2001) 33 (3): 577–608.
Published: 01 September 2001
... but the feeding of the cattle,” that is, that land had no opportunity cost. Thismeansthat once capacity wasreached, the supply of such land would be fixed. Increases in demand would not bring forth more cattle but rather would create higher land rentsand pricesfor cattle. (The condition would apply whatever...
Journal Article
History of Political Economy (1996) 28 (1): 77–80.
Published: 01 March 1996
... the opportunity cost of land in the decision to postpone felling a tree was no casual afterthought. He refers to the opportunity cost of the land at least twice more. After again quot- ing a passage from Watson’s report that brings out the partially correct Scorgie and Kennedy...
Journal Article
History of Political Economy (1981) 13 (4): 857–860.
Published: 01 November 1981
...- ulated at the margin by the unit cost of production in the average OMF. How- ever, the relevant unit cost is not taken to be the full opportunity cost of the product; rather, the author supposes it to be less, partly on the ground that sta- tistical evidence from unincorporated businesses indicates...
Journal Article
History of Political Economy (1995) 27 (4): 755–773.
Published: 01 November 1995
... arise by depriving the possessor, or rightful owner, of his reasonable expectation of use whenever the resource is scarce and has an opportunity cost asso- ciated with its use. Thus, Smith’s concept of injury is akin to opportunity cost. Consider now Smith’s treatment of rent in The Wealth...
Journal Article
History of Political Economy (2008) 40 (1): 183–200.
Published: 01 March 2008
... . Jewish Marriage in Palestine: A Cairo Geniza Study . Tel-Aviv University Press. Kleiman, E. 1987 . Opportunity Cost, Human Capital, and Some Related Economic Concepts in Talmudic Literature. HOPE 19.2 : 261 -87. LeRoy, S. F., and J. Werner. 2001 . Principles of Financial Economics...
Journal Article
History of Political Economy (1992) 24 (4): 925–965.
Published: 01 November 1992
... of diminishing returns to agricultural pro- duction as described by Chayan~vYo represents the off-farm in- come possibility curve whose slope is determined by the market wage rate reflecting the opportunity cost of labor used in farm and household production as well as of leisure time. I represents...
Journal Article
History of Political Economy (2002) 34 (Suppl_1): 298–308.
Published: 01 December 2002
... other smaller fields, such as health economics, as well. Once and Future Historians 305 our opportunity costs of studying the history of economics not in terms of what might be if we were at another institution or at Duke a decade ago but rather relative to what...
Journal Article
History of Political Economy (1997) 29 (4): 675–684.
Published: 01 November 1997
... would arise by depriving the possessor, or rightful owner, of his reasonable expectation of use when- ever the resource is scarce and has an opportunity cost associated with its use. Thus Smith’s concept of injury is akin to opportunity cost” (765). Property in stock, which is “the previous...