Funds, Flows and Time: An Alternative Approach to the Microeconomic Analysis of Productive Activities

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This book sheds new light on long-established concepts of microeconomic production theory and combines general theoretical analysis with references to management tools. It deals with concepts of microeconomic production theory, using the fund-flow model of Nicholas Georgescu-Roegen as a basic reference. This long-neglected model allows for a representation of productive operations that can easily be accommodated to empirical application.