The Pure Theory of Capital Book Reviews
The Pure Theory of Capital by F. A. Hayek & Lawrence H. White Book Summary
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.
Book Name | The Pure Theory of Capital |
Genre | Business & Personal Finance |
Author | F. A. Hayek & Lawrence H. White |
Published | 25 August 2011, Thursday |
Language | English |
E-Book Size | 2.64 MB |
The Pure Theory of Capital (F. A. Hayek & Lawrence H. White) Book Reviews 2024
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Summary of The Pure Theory of Capital by F. A. Hayek & Lawrence H. White
The The Pure Theory of Capital book written by F. A. Hayek & Lawrence H. White was published on 25 August 2011, Thursday in the Business & Personal Finance category. A total of 102 readers of the book gave the book 0 points out of 5.
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