Edmond Malinvaud This book provides a most welcome survey of what statisticians and economists know about an aspect of production that is difficult to precisely characterize but matters a lot for both its importance on economic performance and its social implications. That such a survey is timely cannot be overemphasized; the point is well argued in the introduction to the book, which shows how discussions of the last decades stressed the importance of capital operating time as an economic variable in a series of distinct but interrelated topics, from growth theory to employment policies....
Edmond Malinvaud This book provides a most welcome survey of what statisticians and economists know about an aspect of production that is difficult to...