Beschreibung:
This book applies finance to the field of capital theory, thus providing a new point of view and analysis of the long-standing problems in capital theory as well as other related topics such as the use of neoclassical production functions and theorizing about business cycles.
PART I CAPITAL, PRODUCTION, AND TIME 1. Capital, Income, and the Time-Value of Money 2. Discount rates and time PART II HISTORY OF CAPITAL THEORY 3. Menger and Böhm-Bawerk: Foundations of Austrian Capital Theory 4. Hayek's Capital Theory and Austrian Business Cycle Theory 5. Ludwig Lachmann and the Capital Structure 6. Ludwig von Mises and Capital from a Financial Perspective 7. John Hicks and Capital in the Aggregate Production Function PART III FINANCIAL APPLICATIONS 8. The EVA® Framework 9. EVA and Microeconomics 10. EVA and Macroeconomics 11. EVA and Institutions 12. Concluding Remarks 13. References