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Widespread terms? Limiting productivity, orThe income, efficiency, or usefulness, the capital - such are terms, with which we
All often uses. However, studying the economic literature, not so It is easy to find in it clear presentation of that usually mean Economists under these terms.
There are at least three vague items which demand specification.
Let's start from that is not clear, whether there is a speech about an increment in unit of time
Product in natural expression thanks to the additional
Physical unit of the capital or about an increment of value of a product in connection with
Increase of value of additional unit of the used capital. In The first case there are difficulties with physical unit definition
The capital that as I believe, both it is impossible, and it is not necessary. Certainly, it is possible
To tell that ten workers will remove more wheat from a known site The earths if they can use some additional computers; but I not
I know a different way to reduce it to a clear arithmetic relation differently,
As in cost values. Nevertheless in numerous discussions on To this question it was, seemingly, mentioned mainly in this or that sense Physical productivity of the capital though authors also did not express Clearly enough.
Secondly, there is a question, whether the marginal efficiency is The capital or it appears as some absolute value as Relation. Contexts in which it appears, and usage to treat It as the value of the same dimension, as norm of percent as though decline Considering as its relation. However usually it is not explained, Which relation of two values means.
At last, there is a distinction, neglect which generates more
In total tangle and misunderstanding, - distinction between an increment of value,
Received thanks to the additional capital in the added Situations, and number of the increments received during all life expectancy Additional capital property, i.e. Distinction between Q1 and Q1, Q2, Qn...
It lifts the whole problem about a role of suppositions of the economic theory. In
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