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Capital, Interest, and Waiting
- Controversies, Puzzles, and New Additions to Capital Theory
Engelsk
Bogcover for Capital, Interest, and Waiting af Leland B. Yeager, Steve H. Hanke, 9783031633973
Specifikationer
Sprog:
Engelsk
Sider:
367
ISBN-13:
9783031633973
Indbinding:
Hardback
ISBN-10:
3031633970
Udg. Dato:
1 okt 2024
Størrelse i cm:
15,6 x 21,8 x 2,9
Oplagsdato:
1 okt 2024

Capital, Interest, and Waiting

- Controversies, Puzzles, and New Additions to Capital Theory
Engelsk
Hardback 2024
Format:

Bog beskrivelse

Prominent economists including Nassau Senior, Eugene von B?hm-Bawerk, Gustav Cassel, Irving Fisher, Walter Eucken, and Robert Dorfman have recognized or toyed with the idea of waiting as a factor of production, but this concept has not yet been explored in its entirety until now. In this book, Leland B. Yeager and Steve H. Hanke dive into the economic theory behind waiting and contextualize its relevance to modern-day monetary policy.

Capital, Interest, and Waiting challenges economists to reconsider capital theory. The arguments presented within the book embrace extant literature on capital theory, including the numerous controversies, puzzles, and debates crowding the subject. These debates range from the Cambridge controversies triggered by Joan Robinson’s work to the famous “reswitching” problem to a broader array of important problems in capital theory that were laid out by Walter Eucken, among others.

Leland B. Yeager and Steve H. Hanke present, discuss, and resolve these many complexities of capital theory. Chapters break new ground again and again by demonstrating how waiting is a factor of production and interest is its price. Those who read this book will challenge long-held beliefs relevant to monetary economics and reconsider their approach to capital theory.

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Specifikationer
Sprog:
Engelsk
Sider:
367
ISBN-13:
9783031633973
Indbinding:
Hardback
ISBN-10:
3031633970
Udg. Dato:
1 okt 2024
Størrelse i cm:
15,6 x 21,8 x 2,9
Oplagsdato:
1 okt 2024
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