Essays on Capital and Interest: An Austrian Perspective - Hardcover

Kirzner, Israel M.

Hardcover

ISBN 10: 1858984076 ISBN 13: 9781858984070

Publisher: Edward Elgar Publishing, 1996

Synopsis

In three previously published essays and a new introduction, Kirzner (economics, New York U.) argues that an Austrian approach to economics based on the pure time-preference theory offers an attractive alternative to both the orthodox neoclassical and the heterodox Sraffian approaches. In his subjetivist view that traces all capital and interest phenomenon to individual multi- period plans, capital appears not as an objective mass of tools and equipment, but as the interim state in which inter-locking multi-period plans have manifested themselves at a particular point. Annotation c. by Book News, Inc., Portland, Or.

About this title

About the Author:

Israel M. Kirzner, Formerly Professor of Economics, New York University, US

Review:

`The significance of this volume is not diminished by the fact that all its separate parts, except for the 12-page introductory essay, have been published before. With greater accessibility and appearing now together, these Essays provide a virtual history - and pre-history - of the modern Austrian resurgence.' -- Roger W. Garrison, The Freeman `The book - which is excellently produced . . . . helps to do belated justice to Mises, who has been even more vilified than Hayek; it provides a remarkable contrast to the emptiness of much mainstream economics; and it demonstrates that very profound and general intellectual issues can be discussed using words.' -- D.P. O'Brien, University of Durham, UK

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 1996
• ISBN 10: 1858984076
• ISBN 13: 9781858984070
• Binding: Hardcover
• Number of pages: 176