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The Marginal Efficiency of Capital, the Internal Rate of Return and Net Present Value: An Analysis of Investment Criteria

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  • Ramsey, James B

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  • Ramsey, James B, 1970. "The Marginal Efficiency of Capital, the Internal Rate of Return and Net Present Value: An Analysis of Investment Criteria," Journal of Political Economy, University of Chicago Press, vol. 78(5), pages 1017-1027, Sept.-Oct.
  • Handle: RePEc:ucp:jpolec:v:78:y:1970:i:5:p:1017-27
    DOI: 10.1086/259687
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    Cited by:

    1. Juan Ramón Rallo, 2019. "Property is only another name for decentralized creation of knowledge," European Journal of Law and Economics, Springer, vol. 47(1), pages 43-55, February.
    2. Magni, Carlo Alberto, 2016. "Capital depreciation and the underdetermination of rate of return: A unifying perspective," Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 54-79.
    3. Liu, Liqun & Rettenmaier, Andrew J. & Saving, Thomas R., 2004. "Present value criterion: the case of differing borrowing and lending rates," Economics Letters, Elsevier, vol. 84(3), pages 427-432, September.
    4. Carlo Alberto Magni, 2010. "Average Internal Rate of Return and investment decisions: A new perspective," Centro Studi di Banca e Finanza (CEFIN) (Center for Studies in Banking and Finance) 0021, Universita di Modena e Reggio Emilia, Dipartimento di Economia "Marco Biagi".
    5. Michelle Baddeley & Geoff Harcourt, 2021. "A Behavioural Model of Investment Appraisal and its Implications for the Macroeconomy," Working Paper Series 2021/05, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
    6. Carlo Milana, 2019. "Solving the Reswitching Paradox in the Sraffian Theory of Capital," Applied Economics and Finance, Redfame publishing, vol. 6(6), pages 97-125, November.
    7. Vicente Alcaraz Carrillo De Albornoz & Antonio Lara Galera & Juan Molina Millán, 2018. "Is It Correct to Use the Internal Rate of Return to Evaluate the Sustainability of Investment Decisions in Public Private Partnership Projects?," Sustainability, MDPI, vol. 10(12), pages 1-15, November.
    8. Cabral Torres René & Mollick André V. & Saucedo Eduardo, 2018. "The Impact of Crime and Other Economic Forces on Mexico's Foreign Direct Investment Inflows," Working Papers 2018-24, Banco de México.

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