26 de mar. de 2013

market clearing prices


A Rehabilitation of Say’s Law (W. H. Hutt)
- Highlight Loc. 753-54  | Added on Friday, March 16, 2012, 10:20 AM

“Market-clearing prices” are, as we have seen, compatible with the accumulation of inventories when investment in this form is judged to be the most profitable form of replacement or net accumulation at any moment,