Monarchy of Norway Haakon, a traditional name used by Norwegian kings. The last king with that name had been Haakon VI, who died in the year 1380. Thus the new king became Haakon VII, King of Norway. His two-year-old son Alexander, the heir apparent, was renamed Olav and became Crown Prince Olav. The new royal family arrived in the capital Kristiania (later Oslo) on 25 November. Haakon VII was sworn in as king of Norway on 27 November. The early years of the new Norwegian monarchy were marked by a shortage of funds. The Norwegian state was poor and funds were needed elsewhere
Organic composition of capital theory of the rising organic composition of capital. It is difficult to find industries where the "secular" historical trend is one of an increase in the share of wages in the total capital outlay. Generally, the opposite is the case. However, it has been argued that the value of physical capital is notoriously difficult to measure empirically in an accurate way; and statistical time-series for economic variables over long periods are also susceptible to errors and distortions. The owners of a business may not even know exactly what the physical assets they use are currently worth, or what their business