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Books > Business & Economics > Economics > Economic theory & philosophy
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Time, Space and Capital (Hardcover)
Loot Price: R3,850
Discovery Miles 38 500
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Time, Space and Capital (Hardcover)
Series: New Horizons in Institutional and Evolutionary Economics series
Expected to ship within 10 - 15 working days
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In this challenging book, the authors demonstrate that economists
tend to misunderstand capital. Frank Knight was an exception, as he
argued that because all resources are more or less durable and have
uncertain future uses they can consequently be classed as capital.
Thus, capital rather than labor is the real source of creativity,
innovation, and accumulation. But capital is also a phenomenon in
time and in space. Offering a new and path-breaking theory, they
show how durable capital with large spatial domains -
infrastructural capital such as institutions, public knowledge, and
networks - can help explain the long-term development of cities and
nations. This is a crucial book for spatial and institutional
economists and anyone working outside the neoclassical mainstream.
Academics and students of economic history, urban and regional
planning, and economic sociology will also find it an illuminating
and accessible exploration of time, space and capital
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