Capital and Time : A Neo-Austrian Theory
by
J. R. Hicks
Book Details
Format
Paperback / Softback
ISBN-10
0198772866
ISBN-13
9780198772866
Publisher
Oxford University Press
Imprint
Clarendon Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Oct 15th, 1987
Print length
228 Pages
Weight
297 grams
Dimensions
21.70 x 13.80 x 1.60 cms
Product Classification:
Economic theory & philosophy
Ksh 9,050.00
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This study takes up a major approach to capital which had gone out of fashion, namely the "Austrian" theory which concentrates on the inputs and outputs in the productive process.
This book, first published in 1973, takes up an important approach to capital which had gone out of fashion. It is being reissued in paperback in recognition of the recent renewed interest in this approach. The ''Austrian'' theory of capital concentrates on the inputs and outputs in the productive process, and has an advantage over more modern theories of economic dynamics in that it is more naturally expressible in economic terms: the production process over time is taken as a whole, rather than disintegrated. However, this approach had been largely abandoned because it seemed to be unable to deal with fixed capital. Sir John overcomes this problem here by allowing for a sequence of outputs, and the consequences for dynamic economics are profound and novel.
Get Capital and Time by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Oxford University Press and it has pages.
