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Capital, Interest, and Diminishing Returns

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  • F. W. Taussig

Abstract

I. The Ricardian view as a starting-point: advances to laborers, 334.—Are there advances? Clark's view considered, 336.—Do capital goods reproduce themselves, and does their maintenance involve abstinence? Advances to laborers in a complex society, 339.—II. The law of diminishing returns as applied to capital by Carver, 348; by Clark, 350; by Böhm-Bawerk, 352.—Criticism of this view, 353.—Static and dynamic conditions, 356.—The law of diminishing returns and the law of diminishing utility not the same, 360.—Conclusion, 362.

Suggested Citation

  • F. W. Taussig, 1908. "Capital, Interest, and Diminishing Returns," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 22(3), pages 333-363.
    • Handle: RePEc:oup:qjecon:v:22:y:1908:i:3:p:333-363.
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