• 7. Capital, Interest, and the Structure of Production

  • Jun 14 2007
  • Length: Less than 1 minute
  • Podcast

7. Capital, Interest, and the Structure of Production

Listen for free

View show details

  • Summary

  • Time preference says that individuals prefer satisfaction now to later, present to future. This explains the loan market. In the structure of production, the capitalist pays wages now, despite the fact that he himself does not get paid until the final stage when the product actually comes to market.

    Consumption, saving, investment and spending occur in every production stage – across time. The interest rate is the rate of price spread. It is what the capitalist earns for time preference.

    The seventh in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.

    Download the MP4 video.
    Show More Show Less
Show More Show Less

What listeners say about 7. Capital, Interest, and the Structure of Production

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.