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The Pure Theory of Capital (v. 12) by Friedrich A. von Hayek (Hardback)
£80.00
Out of stock
Product Ref. (e.g. ISBN, SKU)
9780226320991
Published:
08 May 2007
Format:
Hardback
Number of pages:
438 pages
Dimensions:
229x152x33mm
Weight:
0.739kgs
Author:
v. 12 from the The collected works of F.A. Hayek series.
"The Pure Theory of Capital", was F A Hayek's most detailed work in economic theory. This work situates the book not only in historical and theoretical context but within Hayek's own life and his struggle to complete the manuscript.
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.
About the Author: F. A. Hayek (1899-1992), recipient of the Presidential Medal of Freedom in 1991 and co-winner of the Nobel Prize in Economics in 1974, was a pioneer in monetary theory and a leading proponent of classical liberalism in the twentieth century. He taught at the University of Vienna, University of London, University of Chicago, and University of Freiburg.
| Number of pages | 438 |
|---|
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