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Date: | Mon, 14 Dec 2009 13:42:41 -0500 |
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Dear colleagues,
This is my second Hayek-related query. It appeals in particular to
experts on the history of German-language economics. In "The Ricardo
Effect" (1942) Hayek has the following footnote on the "internal rate
of return":
"The term 'internal rate of return' is borrowed from Kenneth E.
Boulding, 'The Theory of a Single Investment', Quarterly Journal of
Economics, vol. 49, May 1935, pp. 478 et seq. Its German equivalent
(more precisely the term 'innerer Zinssatz') has been used earlier, I
believe, in discussions of the effects of credit rationing, but I
cannot now recollect when or by whom."
I have been at a loss identifying the source that Hayek could not
recollect. Therefore, I have also been unable to check if the term
"innerer Zinssatz" is correct, or perhaps only a typing error for the
more common "interner Zinssatz".
Once again, I will be most grateful for any help.
Hansjoerg Klausinger
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