Capital and Interest Theory

Garrison has a vivid sense for the necessity of adequate pedagogy to communicate Austrian ideas about the working of the economy, and he is very conscious of the power of symbols. 

The theory of property specifies how to determine which individuals own—have the right to control—particular scarce resources.

 According to this writer Garrison’s Time and Money is precisely what it purports to be: an exercise in comparative frameworks. Even if it should be recognized that the comparison

In section 1 we will discuss the property rights aspect of public works in The Wealth of Nations.

The “values-riches” model, on the other hand, seeks to display the relations between the great macroeconomic nominal variables (“values”) and the flows of quantities of consumer goods (“riches”).

Volume 1, Number 3 (Fall 1978)

Volume 21, Number 3 (Fall 2001)

George Reisman is interviewed about his interest in Ludwig von Mises at a young age as well as his many enc

Engelhardt’s analysis implicitly assumes away the presence of diminishing returns. Diminishing returns have long been at the heart of growth theory 

This paper represents the initial phase of a larger study which will present the outline of an analytical model of the structure and dynamics of th

Hayek’s works have continued to influence Foss, so it is only appropriate, therefore, that the author pay homage to him. Specifically, Foss pays homage by addressing a favorite Hayek topic—namely that of capital theory.