 | Paul A. David - 1975 - 350 pages
...predominance of labour-saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of...and to invention of a particular kind - directed to economizing the use of a factor which has become relatively expensive. The general tendency to a more... | |
 | Jochen Röpke - 1977 - 500 pages
...predominance of labour-saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of...to invention of a particular kind — directed to economizing the use of a factor which has become relatively expensive. The general tendency to a more... | |
 | Jon Elster - 1983 - 280 pages
...predominance of labour-saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of...particular kind - directed to economising the use of a factor which has become relatively more expensive. The general tendency to a more rapid increase of... | |
 | Wayne Lewchuk - 1987 - 328 pages
...is surely that which was hinted at in our discussion of substitution. A change in the relative price of the factors of production is itself a spur to invention, and to invention of a particular kind-directed to economising the use of the factor which has become relatively expensive.2 Saller argued... | |
 | Colin G. Thirtle, Vernon W. Ruttan - 1987 - 196 pages
...predominance of labor-saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of production is itself a spur to innovation, and to inventions of a particular kind — directed at economizing the use of a factor... | |
 | Georg Erdmann - 1993 - 260 pages
...entsprechender technischer Fortschritt einstellen. Erstmals wurde diese Idee von HICKS formuliert: »A change in the relative prices of the factors of production is itself a spur to invention, and to Innovation of a particular kind - directed to economising the use of a factor which has become relatively... | |
 | Johann H. Hesse - 1997 - 316 pages
...predominance of labor saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of production is itself a spur to innovation and inventions ol a particular kind -directed at economizing the use of a factor which has... | |
 | Arnulf Grübler, Nebojša Nakićenović, William D. Nordhaus - 2002 - 418 pages
...predominance of labor saving inventions is surely that which was hinted at in our discussion of substitution. A change in the relative prices of the factors of production is itself a spur to invention and to inventions of a particular kind — directed at economizing the use of a factor which has become relatively... | |
 | Albert N. Link - 2001 - 96 pages
...the idea that technological bias is inherent within (endogenous to) an economic system. He wrote that a "change in the relative prices of the factors of production is itself a spur to economizing the use of a factor which has become relatively expensive." Although disputed by Salter... | |
 | Philippe Aghion - 2003 - 596 pages
...particular, Hicks argued that technical change would attempt to replace the more expensive factor. He wrote, "A change in the relative prices of the...to invention of a particular kind — directed to economizing the use of a factor which has become relatively expensive" (p. 124). 2. In addition, see... | |
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A change in the relative prices of the factors of production is itself a spur to invention, and to invention of a particular kind — directed to economising the use of a factor which has become relatively expensive. 
