Tag Archives: Multiple Interest Rates

1.0 Introduction Come October, as I understand it, the Review of Political Economy will publish, in hardcopy, my article The Choice of Technique with Multiple and Complex Interest Rates. I discuss in this post questions I do not understand. 2.0 Non-Standard Investments and Fixed Capital Consider a point-input, flow-output model. In the first year, unassisted labor produces a long-lived machine. In successive years, labor and a machine of a specific history are used to produce outputs of a...

My article with the post title is now available on the website for the Review of Political Economy. It will be, I gather, in the October 2017 hardcopy issue. The abstract follows. Abstract: This article clarifies the relations between internal rates of return (IRR), net present value (NPV), and the analysis of the choice of technique in models of production analyzed during the Cambridge capital controversy. Multiple and possibly complex roots of polynomial equations defining the IRR are...