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  The Pure Theory of Capital (The Collected Works of F.A. Hayek) (Hardback) By (author) F.A. Hayek, Edited by Lawrence J. White

  

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  Hardback $65.72

  Short Description for The Pure Theory of CapitalOffers a detailed account of the equilibrium relationships between inputs and outputs in an economy.
  Full description

  • Publisher: ROUTLEDGE
  • Published: 28 January 2008
  • Format: Hardback 480 pages
  • See: Full bibliographic data
  • Categories: Economic Theory & Philosophy | Finance | Business & Management
  • ISBN 13: 9780415035279 ISBN 10: 0415035279

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Full description for The Pure Theory of Capital

• 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.