Ludwig Lachmann set out in 1956 to correct the problem that the economics profession had no coherent and working understanding of capital — a concept so integral to economic science, and yet not explored at length since the takeover of macroeconomics by Keynesian theory.In Capital and Its Structure, Lachmann presents a robust theory of capital that incorporates an Austrian School understanding of the business cycle and the market process. It remains a seminal study written while Lachmann was at the height of his intellectual powers.To search for Mises Institute titles, enter a keyword and LvMI (short for Ludwig von Mises Institute); e.g., Depression LvMI
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E. N. Anderson is Professor of Anthropology at the University of California, Riverside. His previous books include The Food of China and Ecologies of the Heart: Emotion, Belief, and the Environment.
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Seller: Renaissance Books, Riverside, CA, U.S.A.
Soft cover. Condition: New. No Jacket. 1st Edition. ".examines capital resourcs as heterogenous factors, intricately interrelated to form an economy's capital structure, and continually being reshuffled in response to the dynamic productive process. Seller Inventory # 017723
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