Capital in Disequilibrium (Large Print Edition): The Role of Capital in a Changing World

LARGE PRINT EDITION! More at LargePrintLiberty.com Taking capital seriously is a distinguishing mark of the Austrian School. The Austrians see capital as decisive in the wealth-formation process, not just a big homogenous blob but an enormously complex structure that is heterogeneous in ways that really matter. This is how it must be in a world of relentless change where every economic decision is a speculation about an unknown future.Professor Lewin provides an excellent summary of the con...