----------------- HES POSTING ----------------- 
I thought that Hotelling's Rule originated in his "The Economics of  
Exhaustible Resources" (JPE 1931), not "A General Mathematical  
Theory of Depreciation" (JASA 1925). Was it already in his 1925  
article (which I have never read)?   
 
Robert Dimand 
 
------------ FOOTER TO HES POSTING ------------ 
For information, send the message "info HES" to [log in to unmask]