Austrian Capital Theory: A Modern Survey of the Essentials

by Peter Lewin, Nicholas Cachanosky, Nicolás Cachanosky

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...

• Format: Paperback
• Language: English
• ISBN: 1108735886
• ISBN13: 9781108735889
• Release Date: January 2019
• Publisher: Cambridge University Press
• Length: 88 Pages
• Weight: 0.29 lbs.
• Dimensions: 0.2" x 6.0" x 9.0"