||1 of 1 people found the following review helpful.| Important but technically obsolete and frustrating|By Rafael R.|The Pure Theory of Capital was Hayek's last effort in technical economic theory. Written during the 1930's while Hayek was working in the LSE and debating the hottest macro issues of the day (which obviously included explaining the Great Depression), Hayek presented his business cycle model in Prices in Production||
“If I had to single out the area in which Hayek's contributions were the most fundamental and pathbreaking, I would cast my vote for the theory of capital. . . . It is my sincere conviction that this work contains some of the most penetrating thoug
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....
[PDF.yj86] The Pure Theory of Capital (The Collected Works of F. A. Hayek) Rating: 3.72 (676 Votes)
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