1990•Journal of Economic StudiesRequires access

A Note on the Marginal Efficiency of Investment and Related Concepts

Gary C. Anders, Hiroshi Ohta, Joel W. Sailors

Abstract

A simple neo‐classical theory of the demand for capital goods service is presented to clarify the relationship between the marginal productivity of capital and Keynes′s concept of the marginal efficiency of capital. How the latter concept is related to con‐temporary understanding of the marginal efficiency of investment is illustrated, while Keynes′s pessimism regarding stagnant investment is explained within the framework of neo‐classical theory.

About this research paper

What this paper is about

Why it matters

OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

Key contribution

A contribution statement is not available in the OpenAlex record.

Method / approach

Method details are not available in the OpenAlex metadata.

Main findings

Findings are not separately available in the OpenAlex metadata.

Limitations

Limitations are not available in the OpenAlex metadata.

Applications

Application details are not available in the OpenAlex metadata.

Available abstract

Key concepts: Economics, Marginal product, Investment (military), Capital (architecture), Microeconomics, Capital good, Simple (philosophy), Pessimism