Name: Austrian Capital Theory: A Modern Survey of the Essentials (Elements in Austrian Economics) (in English)
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Author: Nicolás Cachanosky
ISBN: 9781108735889

portada Austrian Capital Theory: A Modern Survey of the Essentials (Elements in Austrian Economics) (in English)

Type

Physical Book

Author

Nicolás Cachanosky

Publisher

Cambridge University Press

Year

2019

Language

English

Pages

Format

Paperback

ISBN13

9781108735889

Synopsis "Austrian Capital Theory: A Modern Survey of the Essentials (Elements in Austrian Economics) (in English)"

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 Manger, 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.

Nicolás Cachanosky

(Author)

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Profesor asociado de economía y director del Centro para la Libre Empresa de la Universidad de Texas en El Paso, miembro principal del Instituto Americano de Investigación Económica (AIER) y miembro del Centro Friedman-Hayek para el Estudio de una Sociedad libre. También se desempeñó como coeditor de LIBERTAS: Segunda Época. Fue presidente de la Asociación de Educación Empresarial Privada (APEE) y ex director de la Sociedad Mont Pelerin (MPS).

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