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The Process and Its Profiles

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0002
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter begins with a discussion of the productive process, which is defined as a scheme by which a flow of inputs is converted into a flow of outputs. It then examines the viability of ... More


Social Accounting

John Hicks

in Capital and Time: A Neo-Austrian Theory

Published in print:
1987
Published Online:
November 2003
ISBN:
9780198772866
eISBN:
9780191596414
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198772866.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter constructs a model of an economy in terms of its productive processes. It presents the Social Accounting Equation, and argues that it should be viewed as a definition of profits. It ... More


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