Pure Theory of Capital

Hayek, F. A., White, Lawrence H., Caldwell, Bruce

Pure Theory of Capital
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PRICE: FREE BOOK
DATE 2007
AUTHOR Hayek, F. A., White, Lawrence H., Caldwell, Bruce
ISBN 9780226320991
FILE FORMAT 10,77 MB
FORMAT PDF EPUB FB2 TXT
LANGUAGE ENGLISH

Description of the book

"The Pure Theory of Capital, F. A. Hayek's most detailed work in economic theory, has been long overlooked. First published in 1941, it stood in sharp contrast with fashionable economic thought, which had shifted under the influence of John Maynard Keynes. This edition commemorates Hayek's last major work in economics, which 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." "The new introduction by Hayek expert Lawrence H. White firmly situates the book in a historical and theoretical context, as well as within Hayek's own life and his struggle to complete the manuscript. It provides important insights into Hayek's theories, the intellectual environment in which he wrote, and the personal context of this important work."--BOOK JACKET.Hayek, F. A. is the author of 'Pure Theory of Capital ', published 2007 under ISBN 9780226320991 and ISBN 0226320995.

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...ery on eligible orders. Jevons theory of capital, later developed by Boehm-Bawerk and Wicksell was not seriously considered ... Pure Theory Of Capital - Internet Archive ... . By about 1930, these ideas had been largely forgotten in the English-speaking world (Hayek, 1983, p. 48). By Hayek's own description, The Pure Theory of Capital is a 'highly abstract study of a problem This chapter tackles Hayek's Pure Theory of Capital (1941), and various elucidations of the "Ricardo effect." Here, the chapter examines how Hayek absorbed many of Sraffa's criticisms and moved away from the "average period of pro ... The Pure Theory of Capital (Collected Works of F. A. Hayek ... ... ." Here, the chapter examines how Hayek absorbed many of Sraffa's criticisms and moved away from the "average period of production" concept to focus instead on time-rates of return on investment, which, we argue, bear a close resemblance to Keynes's marginal efficiency of ... The Pure Theory of Capital, F. A. Hayek's long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek's manifesto of capital theory is now available again for today's students and economists to discover. With a new introduction by Hayek expert Lawrence H ... Hayek's most detailed work in economic theory, The Pure Theory of Capital, has long been overlooked. First published in 1941, it stood in sharp contrast with fashionable economic thought, which had shifted under the influence of John Maynard Keynes. This publication represents Hayek's last major work in economics. This volume offers a detailed account of the equilibrium relationships between ... "The Pure Theory of Capital" is a strongly recommended addition to academic and university library 20th Century Economic Studies reference collections and supplemental reading lists. Product details. Series: Collected Works of F. A. Hayek (Book 12) Paperback: 480 pages; Publisher: Liberty Fund Inc. (October 31, 2012) Language: English; ISBN-10: 086597845X; ISBN-13: 978-0865978454; Product ... 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 ... mises-media.s3.amazonaws.com Published in print September 2012 | ISBN: 9780199846658 Published online September 2012 | e-ISBN: 9780199950126 | DOI: https://dx.doi.org/10.1093/acprof:oso ... The Pure Theory of Capital, F. A. Hayeks long-overlooked, little-understood volume, was his most detailed work in economic theory.Originally published in 1941 w...