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Item Details
| Title:
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ESSAYS ON CAPITAL AND INTEREST
AN AUSTRIAN PERSPECTIVE |
| By: |
Israel M. Kirzner |
| Format: |
Hardback |
| List price:
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£94.00 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
1858984076 |
| ISBN 13: |
9781858984070 |
| Publisher: |
EDWARD ELGAR PUBLISHING LTD |
| Pub. date: |
1 January, 1996 |
| Pages: |
176 |
| Description: |
In Essays on Capital and Interest, Israel Kirzner offers a consistently `Austrian' perspective on the problems of capital and interest theory. |
| Synopsis: |
In Essays on Capital and Interest, Israel Kirzner offers a consistently `Austrian' perspective on the problems of capital and interest theory. In the three classic essays featured in this book, Professor Kirzner argues that an Austrian approach based on the pure time preference theory offers an attractive alternative to both the orthodox neoclassical and the heterodox Sraffian approaches to economics. The author takes a subjectivist point of view with all capital and interest phenomena traced to individual multi-period plans. Capital is seen, in this perspective, not as an objective mass of tools and equipment, but as the interim state in which inter-locking multi-period plans have manifested themselves at a particular point. This consistent subjectivism makes it possible to present the pure time (Fetter-Mises) preference theory of interest in understandable terms. Essays on Capital and Interest begins with an introduction by the author placing his life's work in the context of twentieth century economics and the decline and revival of the Austrian school. This volume makes Professor Kirzner's seminal work available to a wider audience in a major new edition. It will be welcomed by Austrian economists and all those concerned with capital and interest theory. |
| Publication: |
UK |
| Imprint: |
Edward Elgar Publishing Ltd |
| Returns: |
Returnable |
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