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Capital and Time

Capital and Time

A Neo-Austrian Theory

J. R. Hicks

Clarendon Press
Publication date : 1987-10-15

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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.

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About the book

Author

J. R. Hicks

Imprint

Clarendon Press

Collection

n.c

Publication date

1987-10-15

Pages

n.c

Print ISBN

9780191521256

Language

English

Ebook informations

EAN PDF

9780191521256

Price

£31.64

Copy count 0

Print count 0

File size 11244 Ko

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About author(s)

J. R. Hicks

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