cover of book
 

The Pure Theory of Capital
by F. A. Hayek
edited by Lawrence H. White
introduction by Lawrence H. White
foreword by Bruce Caldwell
University of Chicago Press, 2007
eISBN: 978-0-226-32129-5 | Cloth: 978-0-226-32099-1 | Paper: 978-0-226-21558-7
Library of Congress Classification HB501.H392 2007
Dewey Decimal Classification 332.041

ABOUT THIS BOOK | AUTHOR BIOGRAPHY | REVIEWS | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK

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.


See other books on: Caldwell, Bruce | Capital | Hayek, F. A. | Investments | Macroeconomics
See other titles from University of Chicago Press

Reference metadata exposed for Zotero via unAPI.