<<Up     Contents

Roundaboutness

Rounaboutness, or roundabout methods of production is the term used to describe the process whereby capital goods are produced first and then, with the help of the capital goods, the desired consumer goods are produced.

The term was devised by the Austrian School economist, Eugen von Boehm-Bawerk

wikipedia.org dumped 2003-03-17 with terodump