The Theory of Capital Utilization and Idleness

Gordon C. Winston

130 citations0/0 files storedJournal of Economic Literature

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Economic Theory and Policy Monetary Policy and Economic Impact Economic Growth and Productivity

Abstract

My colleagues at Williams, especially Thomas McCoy, James Halstead, Thomas Tietenberg, and Donald Keesing, gave me invaluable criticism on this paper. At an earlier stage, Mark Perlman 's comments were particularly helpful as were those of Roger Bolton, Stephen Lewis, William Gates, Helen Hughes, Earl McFarland and Francisco Thoumi. A Ford Foundation grant (720-0234), the Williams College Center for Development Economics and the World Bank Capital Utilization Research Project made important contributions to this work. Opinions and errors of fact or interpretation are, of course, all mine.

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References

1956A Contribution to the Theory of Economic Growth 1971The Economic Implications of Learning by Doing 1963A Behavioral Theory of the Firm 1964Richard M. Cyert & James G. March, A Behavioral Theory of The Firm, Prentice-Hall, Inc., Englewood Cliffs, New Jersey, 1963, 332 s.1956ECONOMIC GROWTH and CAPITAL ACCUMULATION 1974Shaw, Edward S., Financial Deepening in Economic Development, New York, Oxford University Press, 1973, xii + 260 pp. ($7.50 cloth, $3.50 paper)2015Theory of Cost and Production Functions 1967The Explanation of Productivity Change

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