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Time, Space and Capital

Author

Listed:
  • Åke E. Andersson
  • David Emanuel Andersson

Abstract

In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains — infrastructural capital such as institutions, public knowledge, and networks — can help explain the long-term development of cities and nations.

Suggested Citation

  • Åke E. Andersson & David Emanuel Andersson, 2017. "Time, Space and Capital," Books, Edward Elgar Publishing, number 15590.
  • Handle: RePEc:elg:eebook:15590
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    File URL: http://www.e-elgar.com/shop/isbn/9781783470877
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Dieter Boegenhold & Robert Klinglmair & Florian Kandutsch, 2017. "Solo Self-Employment, Human Capital and Hybrid Labour in the Gig Economy," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 11(4), pages 23-32.
    2. David Emanuel Andersson & Ã…ke E. Andersson, 2019. "Phase transitions as a cause of economic development," Environment and Planning A, , vol. 51(3), pages 670-686, May.
    3. Benoît Desmarchelier, 2018. "Service Economies and Complexity," Post-Print hal-02393045, HAL.
    4. Lau, Leung Kwok Prudence & Lai, Wai Chung Lawrence & Ho, Chi Wing Daniel, 2018. "Quality of life in a “high-rise lawless slum”: A study of the “Kowloon Walled City”," Land Use Policy, Elsevier, vol. 76(C), pages 157-165.
    5. Ferdinando Meacci & Carmelo Ferlito, 2018. "The classical roots of the Austrian theory of capital and entrepreneurship," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(3), pages 315-339, September.
    6. Peter Nijkamp & Waldemar Ratajczak, 2021. "Gravitational Analysis in Regional Science and Spatial Economics: A Vector Gradient Approach to Trade," International Regional Science Review, , vol. 44(3-4), pages 400-431, May.
    7. David Emanuel Andersson & Åke E. Andersson, 2019. "Sustainability and the Built Environment: The Role of Durability," Sustainability, MDPI, vol. 11(18), pages 1-19, September.
    8. David Emanuel Andersson & Åke E. Andersson & Björn Hårsman & Xiyi Yang, 2020. "The geography of science in 12 European countries: a NUTS2-level analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 124(2), pages 1099-1125, August.

    More about this item

    Keywords

    Economics and Finance; Urban and Regional Studies;

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General

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