IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-349-08452-4_4.html
   My bibliography  Save this book chapter

Appraisal of the Labour-Saving and Capital-Saving Character of Innovations

In: The Theory of Capital

Author

Listed:
  • William Fellner

    (Yale University)

Abstract

Specific observations on the difficulties of measuring the stock of capital will be made later in this paper. At the outset I will say merely this: the analysis assumes that the quantity of capital is measured by some method which enables us to distinguish between changes in this quantity and changes in the productivity of capital. The analysis assumes also that the nature of the technological processes exerts an influence on distributive shares, in other words that these shares are not uniquely determined by administrative decisions. Both these assumptions are implicit in the marginal productivity theory, but they are implicit also in other ways of looking at capital and at the determination of distributive shares.

Suggested Citation

  • William Fellner, 1961. "Appraisal of the Labour-Saving and Capital-Saving Character of Innovations," International Economic Association Series, in: D. C. Hague (ed.), The Theory of Capital, chapter 0, pages 58-72, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08452-4_4
    DOI: 10.1007/978-1-349-08452-4_4
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-349-08452-4_4. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.