Studies in Austrian capital theory, investment, and time / edited by Malte Faber ; with contributions by P. Bernholz
Material type: TextSeries: Lecture notes in economics and mathematical systems ; 277Publisher: Springer-Verlag, 1986Copyright date: ©1986Description: vi, 316 pages : illustrations ; 25 cmContent type:- text
- unmediated
- volume
- 0387168044 (U.S. : pbk.)
- HB98 STU
Item type | Current library | Call number | Copy number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|
Archive | Main Library Archives Open Shelf | HB98 STU (Browse shelf(Opens below)) | 162393 | Not for loan | BK150291 |
Includes bibliographies.
Summary of the Papers.- 1. On the Development of Austrian Capital Theory.- 2. Relationships between Modern Austrian and Sraffa’s Capital Theory.- 3. Austrians Versus Austrians I: A Subjectivist View of Interest.- 4. Austrians Versus Austrians II: Functionalist Versus Essentialist Theories of Interest.- 5. A Neo-Austrian Two-Period Multisector Model of Capital.- 6. Own Rates of Interest in a General Multisector Model of Capital.- 7. A Neo-Austrian Approach to the Open-Endedness of the Future : An Overview.- 8. Neo-Austrian Characterization of Proportional Prices with Positive Rate of Interest Relative to the Growth Rate.- 9. Roundaboutness, Nontightness and Malinvaud Prices in Multisector Models with Infinite Horizon.- 10. Competitive Finite Value Prices: A Complete Characterization.- 11. Time and Production: Period versus Continuous Analysis..- 12. Flow and Fund Approaches to Irreversible Investment Decisions.- 13. On the Methodology of Strategic Interaction in Time.- 14. A Dynamic Game with Macroeconomic Investment Decisions Under Alternative Market Structures.- 15. Remarks on a Dynamic Game with Macroeconomic Investment.- 16 A Dynamic Macroeconomic Investment Game with Non-Linear Saving Behavior.- 17. Time Irreversibilities in Economics: Some Lessons from the Natural Sciences.- List of Authors.
The neglect of time in general and of the time structure of production in particular in mainstream economics led to the rebirth of the Austrian tradition in the seventies. Next it relates Modern Austrian Capital Theory to SRAFFA's theory and to the Austrian subjectivists' pure time preference theory of interest.
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