Author : F. A. Hayek
Release : 2019-08-08
Genre : Business & Economics
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Book Rating : 865/5 ( reviews)

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The Pure Theory of Capital - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Pure Theory of Capital write by F. A. Hayek. This book was released on 2019-08-08. The Pure Theory of Capital available in PDF, EPUB and Kindle. F. A. Hayek’s long-overlooked 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 "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.