Name: Capital, Interest, and Waiting: Controversies, Puzzles, and new Additions to Capital Theory (en Inglés)
SKU: 65844223
Price: 271.44 PEN
Availability: InStock
Author: Leland B. Yeager; Steve H. Hanke
ISBN: 9783031634000

portada Capital, Interest, and Waiting: Controversies, Puzzles, and new Additions to Capital Theory (en Inglés)

Capital, Interest, and Waiting: Controversies, Puzzles, and new Additions to Capital Theory (en Inglés)

Formato

Libro Físico

Editorial

Palgrave Macmillan

Autor

Leland B. Yeager; Steve H. Hanke

Idioma

Inglés

N° páginas

384

Encuadernación

Tapa Blanda

ISBN13

9783031634000

Capital, Interest, and Waiting: Controversies, Puzzles, and new Additions to Capital Theory (en Inglés)

Leland B. Yeager; Steve H. Hanke (Autor) · Palgrave Macmillan · Tapa Blanda

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Reseña del libro "Capital, Interest, and Waiting: Controversies, Puzzles, and new Additions to Capital Theory (en Inglés)"

Prominent economists including Nassau Senior, Eugene von Bӧhm-Bawerk, Gustav Cassel, Irving Fisher, Walter Eucken, and Robert Dorfman have recognized or toyed with the idea of waiting as a factor of production, but this concept has not yet been explored in its entirety until now. In this book, Leland B. Yeager and Steve H. Hanke dive into the economic theory behind waiting and contextualize its relevance to modern-day monetary policy. Capital, Interest, and Waiting challenges economists to reconsider capital theory. The arguments presented within the book embrace extant literature on capital theory, including the numerous controversies, puzzles, and debates crowding the subject. These debates range from the Cambridge controversies triggered by Joan Robinson's work to the famous "reswitching" problem to a broader array of important problems in capital theory that were laid out by Walter Eucken, among others. Leland B. Yeager and Steve H. Hanke present, discuss, and resolve these many complexities of capital theory. Chapters break new ground again and again by demonstrating how waiting is a factor of production and interest is its price. Those who read this book will challenge long-held beliefs relevant to monetary economics and reconsider their approach to capital theory.