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A Certain Seminal Character of Profit which We Commonly Call “Capital”: Peter of John Olivi and the Tractatus de contractibus

Abstract

Tractatus de contractibus shows that there are mainly three fundamental economic views that characterize the originality and the acuteness of Olivi’s thought: a subject-based theory of value, a theory of just price, and the theoretical-systematic use of the concept of capital. Olivi’s distinction between simply sterile money and fertile, lucrative money – called capitale (capital) – is central. His – at that time – revolutionary thought challenges the theory of money as a mere means of exchange; he acknowledged the legitimacy of trade and the added value (valor superadiunctus) of capital. Thus, he allowed a price as compensation or as remuneration for the owner’s foregone use of the capital. This is not a mere scholastic subtlety, but it is a serious attempt to grasp different phenomena with different concepts.

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SMEs Capital Structure Determinants: Empirical Evidence from Kazakhstan

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Ludwig Lachmann as a Theorist of Entrepreneurship

History of Ideas , Chicago: University of Chicago Press. Horwitz, Steven. 2004. “Monetary Calculation and the Unintended Extended Order: The Misesian Microfoundations of the Hayekian Great Society,” Review of Austrian Economics 17 : 307–21. Kirzner, Israel. 1973. Competition and Entrepreneurship , Chicago: University of Chicago Press. Lachmann, Ludwig M. 1977 [1947]. “Complementarity and Substitution in the Theory of Capital,” reprinted in Walter Grinder, ed., Capital, Expectations, and the Market Process , Kansas City: Sheed Andrews and McMeel

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Do macroeconomic factors matter for stock returns? Evidence from estimating a multifactor model on the Croatian market

, M. B., Burmeister, E. (1988). Arbitrage Pricing Theory as a Restricted Nonlinear Multivariate Regression Model: Iterated Nonlinear Seemingly Unrelated Regression Estimates. Journal of Business & Economic Statistics, 6(1), 29-42. Ross, S. (1976). The arbitrage theory of capital asset pricing. Journal of Economic Theory, 13 (3), 341-360.

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Economic optimization of the rotation age of stands

), 7-44, reprinted in 1995. Goundrey G.K. 1960. Forest management and the theory of capital. Canadian Journal of Economics, 26 (3), 439-451. Klocek A. 1989. Szkody leśne i problemy regulacji użytkowania rębnego drzewostanów. Sylwan, 133 (5), 1-9. Klocek A., Piekutin J. 2015. Wiek rębności w lesie normalnym i lesie celowym. Sylwan 159 (12), 971-988. Klocek A., Rutkowski B. 1986. Optymalizacja regulacji użytkowania rębnego drzewostanów. PWRiL, Warszawa. Olschewski R., Benitez P.C. 2010

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Economic Growth and Inequality with Tourism in an Integrated Walrasian-General Equilibrium and Neoclassical-Growth Theory

-run Property of a Leontief Economy. Journal of Mathematical Economics 18, 263-80. Debreu, G. (1959) Theory of Value: An Axiomatic Analysis of Equilibrium. Yale University Press, London. Diewert, W. (1977) Walras’ Theory of Capital Formation and the Existence of a Temporary Equilibrium. In: Schwödiauer, G. (Ed.) Equilibrium and Disequilibrium in Economic Theory. Dordrecht: Reidel. Eatwell, J. (1987) Walras’ Theory of Capital, In: Eatwell, J., Milgate, M., and Newmann, P. (Eds.) The New Palgrave Dictionary of Political Economy

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Regional Differences in the Capital Structure of Hungarian SMEs

. Eurostat (2011). Regional GDP per inhabitant in 2008 GDP per inhabitant ranged from 28% of the EU27 average in Severozapaden in Bulgaria to 343% in Inner London, available at: http://europa.eu/rapid/press-release_STAT-11-28_en.htm?locale=en Harris, M.; Raviv, A. (1991). The theory of capital structure. The Journal of Finance 46(1): 297-355. Hungarian Act XXXIV of 2004 on Small and Medium-Sized Enterprises and the Promotion of Their Development (2004. évi XXXIV. törvény a kis- és középvállalkozásokról, fejlődésük támogatásáról

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The Relationship Between Stock Market Development and Macroeconomic Fundamentals in the Visegrad Group

: Evidence from Central and Eastern European markets, ʽEmerging Markets Finance and Tradeʼ, Routledge, Abingdon, no. 50. Ross S.A. (1976), The arbitrage theory of capital asset pricing, ʽJournal of Economic Theoryʼ, Elsevier, Amsterdam, no. 13.

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Application of the Beta Coefficient in the Market of Direct residential Real Estate Investments

-1964, Journal of Finance, May, pp. 389-417. Voicu, C, Seiler, M. J., 2013, Understanding Systematic Risk in Real Estate Markets, Journal Of Housing Research, 22(2), pp. 165-201. Kucharska-Stasiak, E., 2006b, Nieruchomość w gospodarce rynkowej, (Real estate in a market economy), PWN, Warszawa. Black, F, Jensen M.C., Scholes M., 1972, The Capital Asset Pricing Model: Some Empirical Tests, in: Studies in the Theory of Capital Markets, Praeger, New York, pp. 79-124. Breidenbach, M., Mueller, G. R., Schulte, K., 2006, Determining Real Estate Betas for Markets and

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