£124.73

Routledge Profitability, Mechanization and Economies of Scale

Name: Routledge Profitability, Mechanization and Economies of Scale
Brand: Routledge
Price: 124.73 GBP
Availability: InStock

Business & Economic History

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Description

Explore a fundamental shift in economic theory with Profitability, Mechanization and Economies of Scale from Routledge Revivals. Originally published in 1998, this text introduces the efficiency rate of profit, a unique concept defined as the ratio between unit net margin and unit capital requirement. This metric provides a practical way to assess how mechanization and economies of scale impact business performance. This book addresses long-standing economic debates by showing how the efficiency rate of profit relates to the financial opportunity cost of investment. By doing so, it offers a resolution to the controversy regarding interest as a cost. Readers gain a deep understanding of these economic principles through the use of real-world plant-level data, making the theoretical concepts applicable to practical business environments. Whether you are studying business history or economic theory, this volume provides a clear explanation of complex financial processes.

Key Features

Introduces the efficiency rate of profit concept to measure the ratio between unit net margin and unit capital requirement.

Provides a framework for using profit efficiency to assess the impact of mechanization and economies of scale.

Resolves the historical controversy over interest as a cost by linking profit rates to financial opportunity costs.

Utilizes real-world plant-level data to explain complex economic and financial processes clearly.

Part of the Routledge Revivals series, making important economic research accessible to modern readers.

Product Specifications

Brand: Routledge
Format: hardcover
ASIN: 1138332895
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 30 July 2018
Listed Since: 19 July 2018

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Routledge Profitability, Mechanization and Economies of Scale

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