o.k. it is time that i get more solid on the theory, i understand the
rudimentary basics of malinvestment which all seems to be based on the
different stages of production. what i need is a better idea of the stages
of production. hopefully i can find some “real world” examples that can
help me be more clear about the stages theory (i.e early vs. late). can
anyone suggest some articles where i can get this?
thank you
mike
i am sure this has been discussed here somewhere… but it is a big website… any direction would be appreciated.
Early to late: Mining, refining, foundry, tool making, machinery manufacturing, metal stamping, product manufacturing, consumer goods. Obviously, each stage is interdependent. It is somewhat arbitrary when we try to make a list. But I think this is what you are asking about.
Also, this is an excellent article by Lilburne. It may not be exactly what you asked for, but it certainly helped me. Maybe someone else can recommend some books on the subject. http://mises.org/daily/3917
this is pretty much what i thought it was. i guess maybe i am thinking about actual measures and flow of this stuff in a, dare i say it, macroeconomic way. i think this is all pointing towards roger garrison’s work. i kind of knew i would have to read him some day…
Have you seen Garrison’s powerpoint presentation on the subject? At the end, he illustrates the effect on the structure of production (the Hayekian Triangle) http://www.youtube.com/watch?v=zhoFOyy7rbo
no thank you. actually i have all i need to address my question. chloe helped me realize something i have sensed for a while now; i need to think about those triangles more.