Capital and Time : A Neo-Austrian Theory

Name: Capital and Time
Brand: Oxford University Press
SKU: 9780198772866
Price: 9750 KES
Availability: OutOfStock
ISBN: 9780198772866

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 9,750.00

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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 J. R. Hicks 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 228 pages.