=+2. Any return to capital above the pure interest yield is unnecessary. The pure interest yield is
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=+2. "Any return to capital above the pure interest yield is unnecessary. The pure interest yield is sufficient to provide capitalists with the earnings necessary to replace their assets and to compensate for their sac- rifice of current consumption.
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Microeconomics Private And Public Choice
ISBN: 9780324320367
11th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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