Business & Economics Books:

Capital and Time

A Neo-Austrian Theory

Format

Paperback

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Capital and Time by J. R. Hicks
$113.99
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Description

This book, first published in 1973, takes up an important approach to capital which had gone out of fashion. It is being reissued in paperback in recognition of the recent renewed interest in this approach. The 'Austrian' theory of capital concentrates on the inputs and outputs in the productive process, and has an advantage over more modern theories of economic dynamics in that it is more naturally expressible in economic terms: the production process over time is taken as a whole, rather than disintegrated. However, this approach had been largely abandoned because it seemed to be unable to deal with fixed capital. Sir John overcomes this problem here by allowing for a sequence of outputs, and the consequences for dynamic economics are profound and novel.
Release date NZ
October 15th, 1987
Author
Country of Publication
United Kingdom
Illustrations
figures
Imprint
Clarendon Press
Pages
228
Dimensions
138x217x16
ISBN-13
9780198772866
Product ID
2245973

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