The Theory of Capital PDF Download
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Author: D C Hagued
Publisher: Springer
ISBN: 1349084522
Category : Business & Economics
Languages : en
Pages : 419
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Book Description
Author: D C Hagued
Publisher: Springer
ISBN: 1349084522
Category : Business & Economics
Languages : en
Pages : 419
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Book Description
Author: Eugen von Böhm-Bawerk
Publisher: Ludwig von Mises Institute
ISBN: 1610163648
Category : Capital
Languages : en
Pages : 468
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Book Description
Author: John Eatwell
Publisher: Springer
ISBN: 1349208612
Category : Business & Economics
Languages : en
Pages : 287
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Book Description
This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on the topic of capital theory.
Author: F. A. Hayek
Publisher: Routledge
ISBN: 1136748865
Category : Business & Economics
Languages : en
Pages : 461
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Book Description
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.
Author: Duncan K. Foley
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1302
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Book Description
Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics. Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics. In an original extension of theory, he develops the often neglected concept of the circuit of capital to analyze Marx’s theory of the reproduction of capital. He also takes up central problems in the capitalist economy: equalization of the rates of profit (the “transformation problem”); productive and unproductive labor and the division of surplus value; and the falling rate of profit. He concludes with a discussion of the theory of capitalist crisis and of the relation of Marx’s critique of capitalism to his conception of socialism. Through a careful treatment of the theory of money in relation to the labor theory of value, Foley clarifies the relation of prices to value and of Marx’s categories of analysis to conventional business and national income accounts, enabling readers to use Marx’s theory as a tool for the analysis of practical problems. The text is closely keyed throughout to the relevant chapters in Capital and includes suggestions for further reading on the topics discussed.
Author: International Economic Association
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 414
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Book Description
Author: Murray Brown
Publisher:
ISBN:
Category : Capital
Languages : en
Pages : 312
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Book Description
Monograph comprising essays on topics relating to the use of economic theories of capital in economic analysis - discusses the 'Cambridge controversy' in capital theory involving income distribution, rates of investment return and profit, the input output relations with regard to technology and capital goods, and presents three new approaches to capital theory centred on the notion of economic equilibrium and an economic model based on Marxism. Bibliographys after most chapters and graphs.
Author: F. A. Hayek
Publisher: Routledge
ISBN: 1136748873
Category : Business & Economics
Languages : en
Pages : 460
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Book Description
This long-overlooked manifesto of capital theory was Hayek's most detailed work in economics. With a new introduction by Hayek expert Lawrence H. White, it is now available again for today’s students and economists to discover.
Author: G. C. Harcourt
Publisher: Cambridge University Press
ISBN: 9780521082945
Category : Business & Economics
Languages : en
Pages : 292
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Book Description
Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.
Author: Leonidas Zelmanovitz
Publisher: Rowman & Littlefield
ISBN: 1793605017
Category : Business & Economics
Languages : en
Pages : 265
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Book Description
This book proposes a “representational” theory of capital according to which there is a relation between capital goods in the real side of the economy and instruments representative of property claims on those goods in the abstract side. Financial instruments are treated herein as a particularly liquid form of property claim. The relation proposed between these two things is a loose rather than a direct one, and the causes for (and consequences of) the looseness are explored in the book. This book aims not merely to simplify our understanding of the relationship between “things” and “claims to things,” but to make explicit and precise what many current researchers assume implicitly and, consequently, imprecisely. This book will be a tool that researchers can apply to their own research, in the form of a standard by which inconsistencies in the literature on Capital Theory can be identified. Understanding what capital is requires delving into its nature on both the real and the abstract sides. In regard to capital goods, what they actually are is made clearer by the thesis that they exist on a spectrum with respect to consumer goods. In going back to the philosophical and economic basics, no claim is made of being comprehensive. The argument is that a crucial idea for our understanding of what capital is that actual capital goods (and processes, and knowledge) are represented in financial instruments and other property claims. A formal treatment that lays out the philosophical and economic basics is necessary to put this idea across, and the model proposed in the book is a first step in that direction. Further, by laying out the philosophical and economic basics of the theory, the book offers the reader the reasons why having a clearer concept of capital is an important tool for wealth creation, and why wealth creation is, more than never, necessary for our individual wellbeing and the flourishing of our civilization.
