Cover image for Capital in Disequilibrium : The Role of Capital in a Changing World.
Capital in Disequilibrium : The Role of Capital in a Changing World.
Title:
Capital in Disequilibrium : The Role of Capital in a Changing World.
Author:
Lewin, Peter.
ISBN:
9780203440704
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (266 pages)
Series:
Routledge Foundations of the Market Economy
Contents:
Book Cover -- Title -- Contents -- Acknowledgments -- Introduction and outline -- Background: equilibrium and change -- What does equilibrium mean? A discussion in the context of modern Austrian ideas -- Equilibrium and expectations re-examined: a different perspective -- Capital, interest, and profits -- Capital in historical perspective -- Modern capital theory -- The Hicksian marriage of capital and time -- The nature of interest and profits -- Capital in a dynamic world -- Modern Mengerian capital theory -- Capital and business organizations -- Organizations, money, and calculation -- Human capital -- Human capital, the nature of knowledge, and the value of knowledge -- Conclusion -- Notes -- Bibliography -- Index.
Abstract:
Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible discussion of one of the most important, but also one of the most difficult, areas in economics.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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