----------------- HES POSTING ----------------- Scott Cullen wrote: > Was Boulding setting forth the concept of internal rate of return (IRR) F.A.Hayek, in his 1942 article "The Ricardo Effect", credited Boulding with the authorship of the term: "The term 'internal rate of return' is borrowed from K. E. Boulding, "The Theory of a Single Investment", _Quarterly Journal of Economics_, XLIX (May, 1935), 478ff. 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." (Reprinted in Hayek's _Individualism and Economic Order_, U of Chicago Press, 1948, Midway Reprint 1980, p. 227f.) Yuri Tulupenko ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]