The Pure Theory of Capital -

Hayek, F. A.

Published by Univ of Chicago
ISBN 10: 022621558X / ISBN 13: 9780226215587
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Synopsis: 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 theorywhich 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

About the Author: F. A. Hayek (1899-1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial 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.


Lawrence H. White is the F. A. Hayek Professor of Economic History at the University of Missouri–St. Louis. He is the author of several books, most recently The Theory of Monetary Institutions. His work has appeared in the American Economic Review and other leading journals. He is a visiting professor at Queens University Belfast.

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Title: The Pure Theory of Capital -
Publisher: Univ of Chicago
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Book Description The University of Chicago Press, United States, 2014. Paperback. Condition: New. Language: English . Brand New Book. 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. Seller Inventory # AAC9780226215587

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Book Description The University of Chicago Press, United States, 2014. Paperback. Condition: New. Language: English . Brand New Book. 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. Seller Inventory # AAC9780226215587

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