Capital and Time: A Neo-Austrian Theory - Couverture souple

Hicks, John

Couverture souple

ISBN 10 : 0198772866 ISBN 13 : 9780198772866

Editeur : Oxford University Press, USA, 1987

Synopsis

In light of renewed interest in the "Austrian" theory of capital, Sir John Hicks offers a new approach that allows for a sequence of outputs in this reissue of his influential 1973 treatise.

A propos du livre

Présentation de l'éditeur

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.

Revue de presse

"In this book, Sir John Hicks takes a flyer on Austrian capital theory. I think it is to be regarded as an experiment, not as any sort of commitment... The Hicksian combination of lucidity and depth is still in evidence" Robert Solow, Economic Journal

Détails de l'édition

• Éditeur: Oxford University Press, USA
• Date d'édition: 1987
• Langue: anglais
• ISBN 10: 0198772866
• ISBN 13: 9780198772866
• Reliure: Broché
• Nombre de pages: 228
• Coordonnées du fabricant: non disponible
• Personne responsable: Ufficio Anagrafiche Messaggerie; ufficio.anagrafiche@meli.it; ; Via Verdi, 8; Assago Milano; 20090; Italie