Książka Capital and Time John Hicks

Capital and Time

A Neo-Austrian Theory

Autor: John Hicks
Język: Angielski
Oprawa: Miękka
Dostępność: Dostępna u dostawcy
Wysyłamy za 10-18 dni
252.38
This book, first published in 1973, takes up an important approach to capital which had gone out of...

Informacje o książce

Autor
Język
Angielski
Oprawa
Książka - Miękka
Data wydania
1987
strony
228
EAN
9780198772866
ISBN
0198772866
Enbook ID
04528690
Waga
297
Wymiary
138 x 217 x 16

Pełny opis

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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