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roundaboutness

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12) A few additional items come to mind, but because space and reader's patience are in limited supply, I simply list them without detailed commentary: Adam Smith's Impartial Spectator (Smith [1759] 1976; Coase 1976) Alchian-Allen theorem (Cowen and Tabarrok 1995) Bohm-Bawerkian roundaboutness (Bohm-Bawerk [1921] 1959) Durbin's h test (Durbin 1970) Fisher' s ideal index (Fisher 1927) Fisher's consistency tests (Fisher 1927; Ruggles 1967) Higgs' s ratchet effect (R.
The Austrian analytics seemed to revolve around the intertemporal structure of production as depicted by the Hayekian triangle, whose changing shape reflects marginal adjustments in the roundaboutness of the economy's production activities.
 
 
 
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