4. Any return to capital above the pure interest yield is unnecessary. The pure interest yield is...

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4. "Any return to capital above the pure interest yield is unnecessary. The pure interest yield is sufficient to provide the capitalist with the earnings necessary to replace his assets and to compensate for his sacrifice of current consumption. Any return above that is pure gravy; it is excess profit." Do you agree with this view? Why or why not?

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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