Rejoinder.
The article discusses the economic role of anticipated receipts to non contractual factors. The economic role of anticipated receipts to non-contractual factors, precisely the same as the role of anticipated receipts of contractual factors, is to guide allocation of these resources. Ultimate decisio...
| Publicado en: | American Economic Review Vol. 41; no. 1; pp. 175 - 182 |
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| Formato: | Artículo |
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American Economic Association
Mar1951
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=8712048&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 8712048 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00028282 AER jtl: American Economic Review issn: 00028282 maglogo: N pubinfo: dt: Mar1951 vid: 41 iid: 1 pid: 22 pub: American Economic Association artinfo: ui: 8712048 ppf: 175 ppct: 7 formats: tig: atl: Rejoinder. aug: au: Weston, J. Fred affil: Associate professor of finance at the University of California, Los Angeles. su: Profit Resource allocation Uncertainty Decision making Economics Demand function sug: subj: Profit Resource allocation Uncertainty Decision making Economics Demand function ab: The article discusses the economic role of anticipated receipts to non contractual factors. The economic role of anticipated receipts to non-contractual factors, precisely the same as the role of anticipated receipts of contractual factors, is to guide allocation of these resources. Ultimate decision-making may best be regarded as the function of dealing with uncertainty. Profit is a function of anticipations and can be altered. Anticipations are significant as they are reflected in and expressed in supply and demand functions. This is the mechanism through which a change in expectations results in a change in economic activity with consequent changes in the pattern of prices, returns and profits. A major service of the uncertainty theory is that it guides analysis away from the directions indicated by alternative theories of profit, which because they are not consistent with basic economic principles lead in paths ending in ambiguity or error. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y dt: @attributes: year: 1951 holdings: @attributes: islocal: N |
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