Disproving Samuelson’s Re-Switching Technology
7 Pages Posted: 5 Dec 2013 Last revised: 26 Nov 2017
Date Written: December 4, 2013
Abstract
This paper disproves that Samuelson’s re-switching theory. It then shows that his calculation is nothing but an investment evaluation method, not a production decision. Finally, it shows that re-switching is a manipulation of some linear and non-linear functions.
Keywords: Interest Rate, Production, Capital Controversy
JEL Classification: D24, E43
Suggested Citation: Suggested Citation
Choi, Hak, Disproving Samuelson’s Re-Switching Technology (December 4, 2013). Available at SSRN: https://ssrn.com/abstract=2363359 or http://dx.doi.org/10.2139/ssrn.2363359
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