Austrian capital theory: a modern survey of the essentials
This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculat...
Gespeichert in:
| 1. Verfasser: | |
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge
Cambridge University Press
2019
|
| Schriftenreihe: | Cambridge elements
Austrian economics |
| Schlagworte: | |
| Online-Zugang: | BSB01 UBG01 Cambridge University Press |
| Zusammenfassung: | This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Bẖm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory |
| Beschreibung: | 1 online resource (81 pages) |
| ISBN: | 9781108696012 1108696015 |
| DOI: | 10.1017/9781108696012 |
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Datensatz im Suchindex
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| id | DE-604.BV045511222 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T08:20:08Z |
| institution | BVB |
| isbn | 9781108696012 1108696015 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-030895721 |
| oclc_num | 1090116241 |
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| owner_facet | DE-12 DE-473 DE-BY-UBG |
| physical | 1 online resource (81 pages) |
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| publishDate | 2019 |
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| publisher | Cambridge University Press |
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| series2 | Cambridge elements Austrian economics |
| spelling | Lewin, Peter 1948- Verfasser (DE-588)170541061 aut Austrian capital theory a modern survey of the essentials Peter Lewin, Nicolas Cachanosky Cambridge Cambridge University Press 2019 1 online resource (81 pages) txt rdacontent c rdamedia cr rdacarrier Cambridge elements Austrian economics This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Bẖm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory Austrian school of economics Electronic books Cachanosky, Nicolás 1981- Sonstige (DE-588)1166888665 oth Erscheint auch als Druck-Ausgabe, hardback Erscheint auch als Druck-Ausgabe, paperback https://doi.org/10.1017/9781108696012 Verlag URL des Erstveröffentlichers Cambridge University Press |
| spellingShingle | Lewin, Peter 1948- Austrian capital theory a modern survey of the essentials |
| title | Austrian capital theory a modern survey of the essentials |
| title_auth | Austrian capital theory a modern survey of the essentials |
| title_exact_search | Austrian capital theory a modern survey of the essentials |
| title_full | Austrian capital theory a modern survey of the essentials Peter Lewin, Nicolas Cachanosky |
| title_fullStr | Austrian capital theory a modern survey of the essentials Peter Lewin, Nicolas Cachanosky |
| title_full_unstemmed | Austrian capital theory a modern survey of the essentials Peter Lewin, Nicolas Cachanosky |
| title_short | Austrian capital theory |
| title_sort | austrian capital theory a modern survey of the essentials |
| title_sub | a modern survey of the essentials |
| url | https://doi.org/10.1017/9781108696012 |
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