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Work Patterns and Capital Utilisation - An International Comparative Study (Paperback, Softcover reprint of the original 1st ed. 1995)
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Work Patterns and Capital Utilisation - An International Comparative Study (Paperback, Softcover reprint of the original 1st ed. 1995)
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Edmond Malinvaud This book provides a most welcome survey of what
statisticians and economists know about an aspect of production
that is difficult to precisely characterize but matters a lot for
both its importance on economic performance and its social
implications. That such a survey is timely cannot be
overemphasized; the point is well argued in the introduction to the
book, which shows how discussions of the last decades stressed the
importance of capital operating time as an economic variable in a
series of distinct but interrelated topics, from growth theory to
employment policies. Nowadays still more than ever in the past,
production not only requires capital as well as labour but also
depends on varied and complex forms of work organization, which tie
more or less closely to one another the uses of the two main
factors. In industry and services labour needs many pieces of
capital for efficient production, some operating permanently others
assisting when needed. Many, even among the most modem equipments,
cannot well function without constant guidance or control by human
labour. The cost of interrupting some industrial processes is so
high as to impose continuous operation. The timing for the
provision of many services has to be patterned in accordance with
the rhythms of activities or requirements of those demanding these
services, and so on. This interplay is so complex that its
particularities were, and still are most often, fully neglected in
statistical information and in economic analysis.
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