The Pure Theory of Capital: Volume 12 Contributor(s): Hayek, F. A. (Author), White, Lawrence H. (Editor), White, Lawrence H. (Introduction by) |
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ISBN: 022621558X ISBN-13: 9780226215587 Publisher: University of Chicago Press OUR PRICE: $47.52 Product Type: Paperback - Other Formats Published: October 2014 |
Additional Information |
BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Finance - General - Business & Economics | Economic History |
Dewey: 332.041 |
Series: Collected Works of F.A. Hayek (Paperback) |
Physical Information: 1.02" H x 6.01" W x 8.99" (1.45 lbs) 464 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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. |
Contributor Bio(s): Hayek, F. A.: - F. A. Hayek (1899-1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of London, the University of Chicago, and the University of Freiburg. White, Lawrence H.: - Lawrence H. White is professor of economics at George Mason University.
Caldwell, Bruce: - Bruce Caldwell is research professor of economics and the director of the Center for the History of Political Economy at Duke University. Since 2002, he has also served as the general editor of the Collected Works of F. A. Hayekseries.Caldwell, Bruce: - Bruce Caldwell is research professor of economics and the director of the Center for the History of Political Economy at Duke University. Since 2002, he has also served as the general editor of the Collected Works of F. A. Hayekseries. |