Capital in Disequilibrium
Author | : Peter Lewin |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 279 |
Release | : |
Genre | : Capital |
ISBN | : 1610164849 |
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Author | : Peter Lewin |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 279 |
Release | : |
Genre | : Capital |
ISBN | : 1610164849 |
Author | : Peter Lewin |
Publisher | : Routledge |
Total Pages | : 266 |
Release | : 1998-12-17 |
Genre | : Business & Economics |
ISBN | : 1134756046 |
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.
Author | : Peter Lewin |
Publisher | : Psychology Press |
Total Pages | : 255 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780415147064 |
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.
Author | : Ludwig M. Lachmann |
Publisher | : Ludwig von Mises Institute |
Total Pages | : 148 |
Release | : 1956 |
Genre | : Capital |
ISBN | : 1610165276 |
Author | : Fabio Petri |
Publisher | : Edward Elgar Publishing |
Total Pages | : 400 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : |
Petri (University of Siena) argues that many of the problems of general equilibrium theory arose with the shift from the traditional long-period method in the study of value and distribution to the very- short-period method characteristic of contemporary theory. He asserts that mathematical economists influenced by Hick's Value and capital inherite
Author | : J. R. Hicks |
Publisher | : Clarendon Press |
Total Pages | : 228 |
Release | : 1987-10-15 |
Genre | : Business & Economics |
ISBN | : 0191521256 |
This book, first published in 1973, takes up an important approach to capital which had gone out of fashion. It is being reissued in paperback in recognition of the recent renewed interest in this approach. The 'Austrian' theory of capital concentrates on the inputs and outputs in the productive process, and has an advantage over more modern theories of economic dynamics in that it is more naturally expressible in economic terms: the production process over time is taken as a whole, rather than disintegrated. However, this approach had been largely abandoned because it seemed to be unable to deal with fixed capital. Sir John overcomes this problem here by allowing for a sequence of outputs, and the consequences for dynamic economics are profound and novel.
Author | : Roger W Garrison |
Publisher | : Routledge |
Total Pages | : 289 |
Release | : 2000-10-19 |
Genre | : Business & Economics |
ISBN | : 1134895909 |
Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
Author | : Christopher Woodruff, David McKenzie, Suresh de Mel |
Publisher | : World Bank Publications |
Total Pages | : 37 |
Release | : 2007 |
Genre | : |
ISBN | : |
Abstract: Small and informal firms account for a large share of employment in developing countries. The rapid expansion of microfinance services is based on the belief that these firms have productive investment opportunities and can enjoy high returns to capital if given the opportunity. However, measuring the return to capital is complicated by unobserved factors such as entrepreneurial ability and demand shocks, which are likely to be correlated with capital stock. The authors use a randomized experiment to overcome this problem and to measure the return to capital for the average microenterprise in their sample, regardless of whether they apply for credit. They accomplish this by providing cash and equipment grants to small firms in Sri Lanka, and measuring the increase in profits arising from this exogenous (positive) shock to capital stock. After controlling for possible spillover effects, the authors find the average real return to capital to be 5.7 percent a month, substantially higher than the market interest rate. They then examine the heterogeneity of treatment effects to explore whether missing credit markets or missing insurance markets are the most likely cause of the high returns. Returns are found to vary with entrepreneurial ability and with measures of other sources of cash within the household, but not to vary with risk aversion or uncertainty.
Author | : Geert Reuten |
Publisher | : BRILL |
Total Pages | : 737 |
Release | : 2018-12-24 |
Genre | : Political Science |
ISBN | : 9004392807 |
In The unity of the capitalist economy and state, Geert Reuten offers a systematic exposition of the capitalist system, showing that the capitalist economy and the capitalist state constitute a unity. In its critique of contemporary economics, the book argues that in order to comprehend the capitalist system, one requires a full synthetic exposition of the economic and state institutions and processes necessary for its continued existence. A synthetic approach also reveals a range of components that are often obscured by partial analyses. In its systematic character, Reuten’s work takes inspiration from Marx’s provisional outline of the capitalist system in Capital, while also addressing fields that Marx left unfinished – such as the capitalist state.
Author | : Peter Lewin |
Publisher | : Cambridge University Press |
Total Pages | : 102 |
Release | : 2019-01-10 |
Genre | : Business & Economics |
ISBN | : 110875273X |
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 Böhm-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.