Gene's summary is right on target. Capital goods imply a time dimension. As Hicks said, the "give hostages to the future."
Gene Coyle wrote: Static micro can't be fixed. It can only be discarded. Michael Perelman Economics Department California State University Chico, CA 95929 530 898 5321 fax 530 898 5901 http://michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
