The Pure Theory of Capital by F. A. Hayek | 9780226320991 | Hardcover | Barnes & Noble
The Pure Theory of Capital

The Pure Theory of Capital

by F. A. Hayek
     
 

ISBN-10: 0226320995

ISBN-13: 9780226320991

Pub. Date: 05/01/2007

Publisher: University of Chicago Press

The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to

Overview

The Pure Theory of Capital, F. A. Hayek’s long-overlooked, little-understood volume, was his most detailed work in economic theory. Originally published in 1941 when fashionable economic thought had shifted to John Maynard Keynes, Hayek’s manifesto of capital theory is now available again for today’s students and economists to discover.

With a new introduction by Hayek expert Lawrence H. White, who firmly situates the book not only in historical and theoretical context but within Hayek’s own life and his struggle to complete the manuscript, this edition commemorates the celebrated scholar’s last major work in economics. Offering a detailed account of the equilibrium relationships between inputs and outputs in an 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 the business cycle theory.

Product Details

ISBN-13:
9780226320991
Publisher:
University of Chicago Press
Publication date:
05/01/2007
Series:
The Collected Works of F. A. Hayek, #12
Edition description:
New Edition
Pages:
464
Product dimensions:
6.00(w) x 9.00(h) x 1.30(d)

Table of Contents


Editorial Foreword   Bruce Caldwell     ix
Editor's Acknowledgements   Lawrence H. White     xi
Editor's Introduction   Lawrence H. White     xiii
The Pure Theory of Capital
Preface     3
Table of Contents     7
Analytical Table of Contents     11
Text to The Pure Theory of Capital     29
Appendices     371
Guide to Terms     403
Bibliography     405
Index     413

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