Choice of Capital Intensity Further Considered
Amartya Kumar Sen
Abstract
Amartya Kumar Sen
Abstract
I. Introduction, 466. — II. Capital intensity of the capital goods sector, 467. — III. Capital intensity in a model of two-sector equilibrium, 472. — IV. Multiplicity of commodities and relative prices, 475. — V. Diminishing returns to scale, 481. — Progress of technological knowledge, 482. — Theoretical models and practical choice, 483. — VI. Conclusions, 483.
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I. Introduction, 466. — II. Capital intensity of the capital goods sector, 467. — III. Capital intensity in a model of two-sector equilibrium, 472. — IV. Multiplicity of commodities and relative prices, 475. — V. Diminishing returns to scale, 481. — Progress of technological knowledge, 482. — Theoretical models and practical choice, 483. — VI. Conclusions, 483.
Key concepts: Capital intensity, Capital good, Economics, Capital (architecture), R&D intensity, Capital deepening, Fixed capital, Intensity (physics)