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Pure Theory of Capital

Af: F A Hayek Engelsk Paperback

Pure Theory of Capital

Af: F A Hayek Engelsk Paperback
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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 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 captial theory is now available again for today''s students and economists to discover. The 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.
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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 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 captial theory is now available again for today''s students and economists to discover. The 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.
Produktdetaljer
Sprog: Engelsk
Sider: 480
ISBN-13: 9780865978454
Indbinding: Paperback
Udgave:
ISBN-10: 086597845X
Udg. Dato: 21 nov 2012
Længde: 28mm
Bredde: 229mm
Højde: 153mm
Forlag: Liberty Fund Inc
Oplagsdato: 21 nov 2012
Forfatter(e): F A Hayek
Forfatter(e) F A Hayek


Kategori Økonomisk teori og filosofi


ISBN-13 9780865978454


Sprog Engelsk


Indbinding Paperback


Sider 480


Udgave


Længde 28mm


Bredde 229mm


Højde 153mm


Udg. Dato 21 nov 2012


Oplagsdato 21 nov 2012


Forlag Liberty Fund Inc

Kategori sammenhænge