The Pure Theory of Capital

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ISBN-13:
9780865978454
Erscheinungsdatum:
31.10.2012
Seiten:
438
Autor:
F. A. Hayek
Gewicht:
656 g
Format:
228x153x30 mm
Serie:
Collected Works of F.A. Hayek
Sprache:
Englisch
Beschreibung:

First published in 1941, The Pure Theory of Capital has long been overlooked. This volume offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled economy. Hayek's stated objective was to make capital theory-which had previously been devoted almost entirely to the explanation of interest rates-"useful for the analysis of the monetary phenomena of the real world." His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into business cycle theory. Hayek's manifesto of capital theory is now available again for today's students and economists to discover.

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