The Pure Theory of Capital

by Friedrich A. Hayek

Book Overview

First published in 1941, The Pure Theory of Capital has long been overlooked. This volume offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled 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...

• Format: Paperback
• Language: English
• ISBN: 086597845X
• ISBN13: 9780865978454
• Release Date: October 2012
• Publisher: Liberty Fund
• Length: 470 Pages
• Weight: 2.00 lbs.
• Dimensions: 1.8" x 6.3" x 9.3"
• Age Range: 18 to 10 years
• Grade Range: Postsecondary to Grade 5