The problem of investment during the history of economic science

Manfred Sneps-Sneppe

Abstract


The article is devoted to methods for assessing the effectiveness of investments. The development of the National program of the digital economy presupposes the development of a methodology for measuring the effectiveness of investments. Two criteria for measuring investment efficiency are considered: IRR (Inner Rate of Return) - internal rate of return and NPV (Net Profit Value) - discounted total profit. Based on the analysis of world economic literature, we show the inadequacy of the recommendations of the French economist Pierre Masset on the advantage of the NPV criterion over the IRR.


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References


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