By Lawrence H. White
Produced through the first fifteen years of Hayek's occupation, the writings amassed in Capital and Interest see Hayek complex upon and expand his landmark lectures that have been released as Prices and Production and paintings towards the technically subtle line of idea obvious in his later Pure conception of Capital. Illuminating the improvement of Hayek's distinctive contributions to capital and curiosity concept, the gathering additionally sheds mild on how Hayek's paintings relating to different influential economists of the time. Highlights contain the 1936 article 'The Mythology of Capital' awarded the following along Frank Knight's criticisms of the Austrian thought of capital that brought on it - and 'The upkeep of Capital', with next reviews by way of the English economist A. C. Pigou. those and different usual works are followed through lesser-known articles and lectures, together with a lecture on technological growth and extra potential. An advent by means of the book's editor, best Hayek student Lawrence H. White, areas Hayek's contributions in cautious historic context, with considerable footnotes and citations for extra analyzing, making this a touchstone addition to the collage of Chicago Press's amassed Works of F. A. Hayek series.
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Capital and Interest (The Collected Works of F.A. Hayek) by Lawrence H. White