Capital and time : a neo-Austrian theory

by John Hicks

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.

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書名 Capital and time : a neo-Austrian theory
著作者等 Hicks, John Richard, Sir
Hicks John
出版元 Oxford University Press
刊行年月 1987
ページ数 xi, 213 p.
大きさ 22 cm
ISBN 019828179X
NCID BA01453252
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言語 英語
出版国 イギリス