IDEAS home Printed from https://ideas.repec.org/b/ucp/bkecon/9780226320991.html
   My bibliography  Save this book

The Pure Theory of Capital

Editor

Listed:
  • White, Lawrence H.

Author

Listed:
  • Hayek, F. A.
  • Caldwell, Bruce

Abstract

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.

Suggested Citation

  • Hayek, F. A. & Caldwell, Bruce, 2007. "The Pure Theory of Capital," University of Chicago Press Economics Books, University of Chicago Press, number 9780226320991 edited by White, Lawrence H., January.
    • Handle: RePEc:ucp:bkecon:9780226320991
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

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


    Cited by:

    1. Lawrence H. White, 2015. "Skepticism About Minsky's Financial Instability Hypothesis: A Comment on Flanders," Econ Journal Watch, Econ Journal Watch, vol. 12(1), pages 106-113, January.
    2. Philipp Bagus & David Howden & Jesús Huerta de Soto Ballester, 2018. "Entrepreneurial Error Does Not Equal Market Failure," Journal of Business Ethics, Springer, vol. 149(2), pages 433-441, May.
    3. Renaud Fillieule, 2017. "Intertemporal Choice, Saving and Investment, and Interest Rate: Contributions from a Neglected Hayekian Model," Review of Political Economy, Taylor & Francis Journals, vol. 29(2), pages 307-328, April.
    4. Renaud Fillieule, 2015. "A comprehensive graphical exposition of the macroeconomic theory of Böhm-Bawerk," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 22(2), pages 300-321, April.
    5. Krzysztof Marecki & Agnieszka Wójcik-Czerniawska, 2020. "Cryptocurrency Market Of Bitcoin And Payment Acceptability In E-Commerce," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 14(1), pages 257-267.
    6. Scott Scheall, 2015. "A Hayekian Explanation of Hayek's 'Epistemic Turn'," Economic Thought, World Economics Association, vol. 4(2), pages 1-32, September.
    7. Avi Cohen, 2006. "The Kaldor/Knight controversy: Is capital a distinct and quantifiable factor of production?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(1), pages 141-161.
    8. Van Den Hauwe, Ludwig, 2006. "The Uneasy Case for Fractional-Reserve Free Banking," MPRA Paper 119085, University Library of Munich, Germany.
    9. Hyunbae Chun & Jung-Wook Kim & Jason Lee & Randall Morck, 2004. "Patterns of Comovement: The Role of Information Technology in the U.S. Economy," NBER Working Papers 10937, National Bureau of Economic Research, Inc.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:bkecon:9780226320991. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Books Division (email available below). General contact details of provider: http://press.uchicago.edu .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.