eBook - PDF

Austrian Capital Theory

Name: Austrian Capital Theory
ISBN: 9781108582186

A Modern Survey of the Essentials

Peter Lewin,

Nicolas Cachanosky,

English
PDF
Available on iOS & Android

eBook - PDF

Austrian Capital Theory

A Modern Survey of the Essentials

Peter Lewin,

Nicolas Cachanosky,

About this book

This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory.

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Yes, you can access Austrian Capital Theory by Peter Lewin,Nicolas Cachanosky in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. We have over one million books available in our catalogue for you to explore.