Physical productivity exists where the amount of goods which form the gross return is greater than the amount of capital goods destroyed…. Value productivity exists where the value of the gross return is greater than the value of the capital consumed.
— Friedrich von Wieser, Natural Value [1899]
- Friedrich von Wieser
encyclopedia.com - The Austrian School and the Theory of Value
by Friedrich von Wieser
McMaster University - The Theory of Value
by Friedrich von Wieser
McMaster University - Natural Value
by Friedrich von Wieser
McMaster University