9781330184028 - The Third Factor of Production: And Other Essays (Classic Reprint) de Ogilvy, A. J. (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book challenges conventional views about what is considered 'capital' in economics, arguing that economists have conflated the idea of money with the idea of instruments of production. Various aspects of economics are explored, including the author's insights into the relationship between capital, interest, labor, and the inherent problems that arise from private ownership of land. By drawing on both his practical experience as a landowner in the Australian colonies and in England, as well as his knowledge of political economy, the author outlines the negative impacts resulting from this conflation of terms. Crucially, the author makes a distinction between productive and unproductive forms of capital, arguing that the third factor of production, i.e. instruments of production, is not the same as capital as money. This book will be of interest to students of economics and political economy, as well as to anyone interested in the history of economic thought. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.