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The Real Cost of Labor, and the Choice Between Consumption and Investment

I. M. D. Little

The Quarterly Journal of Economics · 1961 · Volume 75 · Issue 1

DOI: 10.2307/1883201

Abstract

Introduction, 1. — I. A simple model, 2. — II. A more complicated model, 9. — III. Significance of the assumptions of a closed economy and perfect competition, 14.

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