By Lawrence H. White
Produced in the course of the first fifteen years of Hayek's occupation, the writings gathered in Capital and Interest see Hayek problematic upon and expand his landmark lectures that have been released as Prices and Production and paintings towards the technically subtle line of suggestion obvious in his later Pure conception of Capital. Illuminating the improvement of Hayek's special contributions to capital and curiosity concept, the gathering additionally sheds mild on how Hayek's paintings relating to different influential economists of the time. Highlights comprise the 1936 article 'The Mythology of Capital' offered the following along Frank Knight's criticisms of the Austrian thought of capital that triggered it - and 'The upkeep of Capital', with next reviews by way of the English economist A. C. Pigou. those and different everyday works are followed by means of lesser-known articles and lectures, together with a lecture on technological growth and extra ability. An creation via the book's editor, prime Hayek pupil Lawrence H. White, areas Hayek's contributions in cautious ancient context, with abundant footnotes and citations for extra analyzing, making this a touchstone addition to the college of Chicago Press's gathered Works of F. A. Hayek series.
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Capital and Interest (The Collected Works of F.A. Hayek) by Lawrence H. White