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Capital and Interest (Hardcover)
Loot Price: R4,444
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Capital and Interest (Hardcover)
Series: The Collected Works of F.A. Hayek
Expected to ship within 12 - 17 working days
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Produced throughout the first fifteen years of Hayek's career, the
writings collected in Capital and Interest see Hayek elaborate upon
and extend his landmark lectures that were published as Prices and
Production and work toward the technically sophisticated line of
thought seen in his later Pure Theory of Capital. Illuminating the
development of Hayek's detailed contributions to capital and
interest theory, the collection also sheds light on how Hayek's
work related to other influential economists of the time.
Highlights include the 1936 article 'The Mythology of Capital'
presented here alongside Frank Knight's criticisms of the Austrian
theory of capital that prompted it - and 'The Maintenance of
Capital', with subsequent comments by the English economist A. C.
Pigou. These and other familiar works are accompanied by
lesser-known articles and lectures, including a lecture on
technological progress and excess capacity. An introduction by the
book's editor, leading Hayek scholar Lawrence H. White, places
Hayek's contributions in careful historical context, with ample
footnotes and citations for further reading, making this a
touchstone addition to the University of Chicago Press's Collected
Works of F. A. Hayek series.
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