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The Collected Works of F. A. Hayek Ser.: Pure Theory of Capital by F. A....
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Item specifics
- Condition
- Features
- Collection
- ISBN
- 9780865978454
About this product
Product Identifiers
Publisher
Liberty Fund, Incorporated
ISBN-10
086597845X
ISBN-13
9780865978454
eBay Product ID (ePID)
22038765902
Product Key Features
Number of Pages
480 Pages
Language
English
Publication Name
Pure Theory of Capital
Publication Year
2012
Subject
Interest, Economics / General, Economics / Theory, Investments & Securities / General
Type
Textbook
Subject Area
Business & Economics
Series
The Collected Works of F. A. Hayek Ser.
Format
Trade Paperback
Dimensions
Item Weight
23.3 Oz
Item Length
9.1 in
Item Width
6.1 in
Additional Product Features
Intended Audience
College Audience
LCCN
2012-003909
Dewey Edition
22
TitleLeading
The
Grade From
College Freshman
Dewey Decimal
332/.041
Synopsis
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., 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. F. A. Hayek (1899-1992) was awarded the Nobel Memorial Prize in Economic Sciences in 1974 and the Presidential Medal of Freedom in 1991. He was one of the leading Austrian economists and political philosophers of the twentieth century. Lawrence H. White is Professor of Economics at George Mason University., 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. F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of classical liberal thought in the twentieth century. He taught at the London School of Economics, the University of Chicago, and the University of Freiburg. Lawrence H. White is Professor of Economics at George Mason University.
LC Classification Number
HB501.H392 2012
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