Peter Lewin’s Capital in Disequilibrium is an award-winning, extensive survey of capital theory, which touches on and summarizes an array of issues and phenomena.
Factoring into our national accounting scheme the true value of nonrenewable resources and the imputed value of natural-resource degradation is seen as an essential corrective for the myopia that would otherwise distort the market process.
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
Andrew Young (2009) suggests a capital-based theory for secular growth that is consistent with Austrian capital theory. He argues that investment in intangible capital
Professor Garrison’s work in Austrian macroeconomics over the past twenty-plus years has been most influential. Time and Money and its detailed development of a capital-based macroeconomics
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”).
Hayek is seen as one of the main opponents of Keynes because of the debate about macroeconomics that they had in the early thirties.
I would like to emphasize two implications of my argument. First, the concept of secular growth as an uncaused phenomenon contradicts the Mengerian method of analyzing
The present paper aims at showing that two particular types of arguments in favor of the pure time preference theory of interest (PTPTI) are mistaken.
Ingo Pellengahr’s doctoral dissertation, The Austrian Subjectivist Theory of Interest, focuses on one small aspect of these ongoing debates.
