The Marginal Efficiency of Capital, the Internal Rate of Return, and Net Present Value: An Analysis of Investment Criteria

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Previous articleNext article No AccessThe Marginal Efficiency of Capital, the Internal Rate of Return, and Net Present Value: An Analysis of Investment CriteriaJames B. RamseyJames B. Ramsey Search for more articles by this author PDFPDF PLUS Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinkedInRedditEmail SectionsMoreDetailsFiguresReferencesCited by Journal of Political Economy Volume 78, Number 5Sep. - Oct., 1970 Article DOIhttps://doi.org/10.1086/259687 Views: 24Total views on this site Citations: 16Citations are reported from Crossref Copyright 1970 The University of ChicagoPDF download Crossref reports the following articles citing this article:Zhe Yin, Carlos Caldas, Daniel de Oliveira Identification of business-project management processes that improve capital efficiency of downstream and chemical projects, International Journal of Construction Management 37 (Oct 2022): 1–9.https://doi.org/10.1080/15623599.2022.2132352Juan Ramón Rallo Property is only another name for decentralized creation of knowledge, European Journal of Law and Economics 15 (Dec 2018).https://doi.org/10.1007/s10657-018-9607-6Vicente De Albornoz, Antonio Galera, Juan Millán Is It Correct to Use the Internal Rate of Return to Evaluate the Sustainability of Investment Decisions in Public Private Partnership Projects?, Sustainability 10, no.1212 (Nov 2018): 4371.https://doi.org/10.3390/su10124371Carlo Alberto Magni Capital depreciation and the underdetermination of rate of return: A unifying perspective, Journal of Mathematical Economics 67 (Dec 2016): 54–79.https://doi.org/10.1016/j.jmateco.2016.09.007Michael C. I. Nwogugu The Historical and Current Concepts of “Plain” Interest Rates, Forward Rates and Discount Rates Are or Can Be Misleading, (Jun 2017): 207–262.https://doi.org/10.1057/978-1-137-44698-5_6Carlo Alberto Magni Mathematical Analysis of Average Rates of Return and Investment Decisions: The Missing Link, The Engineering Economist 59, no.33 (Jul 2014): 175–206.https://doi.org/10.1080/0013791X.2014.881174Carlo Alberto Magni Average Internal Rate of Return and Investment Decisions: A New Perspective, The Engineering Economist 55, no.22 (May 2010): 150–180.https://doi.org/10.1080/00137911003791856Michael J. Osborne On the Meaning of Internal Rates of Return and Why an Internal Rate of Return is Not an Investment Criterion, SSRN Electronic Journal (Jan 2010).https://doi.org/10.2139/ssrn.1634819Carlo Alberto Magni Accounting and Economic Measures: An Integrated Theory of Capital Budgeting, SSRN Electronic Journal (Jan 2009).https://doi.org/10.2139/ssrn.1498106Michelle C. Baddeley Behind the black box: a survey of real-world investment appraisal approaches, Empirica 33, no.55 (Nov 2006): 329–350.https://doi.org/10.1007/s10663-006-9020-1Liqun Liu, Andrew J Rettenmaier, Thomas R Saving Present value criterion: the case of differing borrowing and lending rates, Economics Letters 84, no.33 (Sep 2004): 427–432.https://doi.org/10.1016/j.econlet.2004.03.013M. C. FINDLAY, E. E. WILLIAMS Toward a Positive Theory of Corporate Financial Policy, Abacus 23, no.22 (Sep 1987): 107–121.https://doi.org/10.1111/j.1467-6281.1987.tb00144.xMarco Lonzi Aspetti matematici nella ricerca di condizioni di unicita' per il tasso interno di rendimento, Rivista di Matematica per le Scienze Economiche e Sociali 9, no.22 (Sep 1986): 155–182.https://doi.org/10.1007/BF02086874Roger E. Cannaday, Peter F. Colwell, Hiram Paley Relevant and Irrelevant Internal Rates of Return, The Engineering Economist 32, no.11 (Jan 1986): 17–38.https://doi.org/10.1080/00137918608902950EDWARD E. WILLIAMS, M. CHAPMAN FINDLAY CAPITAL BUDGETING, COST OF CAPITAL AND EX ANTE STATIC EQUILIBRIUM, Journal of Business Finance & Accounting 6, no.44 (Dec 1979): 455–473.https://doi.org/10.1111/j.1468-5957.1979.tb01107.xW. E. Phillips, W. M. Schultz PUBLIC DECISION GUIDES FOR WATER RESOURCE DEVELOPMENT IN WESTERN CANADA1, Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 19, no.33 (Nov 2008): 67–83.https://doi.org/10.1111/j.1744-7976.1971.tb01165.x