Studies in Austrian Capital Theory, Investment, and Time

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Publisher : Springer Science & Business Media
ISBN 13 : 3642517013
Total Pages : 321 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Studies in Austrian Capital Theory, Investment, and Time by : Malte Faber

Download or read book Studies in Austrian Capital Theory, Investment, and Time written by Malte Faber and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The neglect of time in general and of the time structure of production in particular in mainstream economics led to the rebirth of the Austrian tradition in the seventies. The names of BERNHCLZ, HICKS, KIRZNER and VON WEIZSACKER are representative of different approaches. In 1979 my "Introduction to Modern Austrian Capital Theory" appeared, in which I unified various papers BERNHOLZ and I had written. I also linked our approach to those of VON NEUMANN, of HICKS and of neoclassical capital theory. These "Studies" supplement and continue my "Introduction" in various ways. With all the authors of the present volume I have cooperated for several years. This volume is subdivided into five parts. The first one, Historical Perspectives, gives first an outline on the development of Austrian capital theory from its origins to the present. Next it relates Modern Austrian Capital Theory to SRAFFA's theory and to the Austrian subjectivists' pure time preference theory of interest. The latter theory is represented in its opposition to the traditional productivity-cum-time preference explanation of interest, which is. common t9 neoclassical and BOHM-BAWERKian capital theory alike. The Austrian subjectivist pure time preference theory has been misinterpreted in its recent presentation, which has led to misunderstandings. It is shown that there is no real contradiction between the two appoaches.

The Structure of Production

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Publisher : NYU Press
ISBN 13 : 1479869953
Total Pages : 462 pages
Book Rating : 4.4/5 (798 download)

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Book Synopsis The Structure of Production by : Mark Skousen

Download or read book The Structure of Production written by Mark Skousen and published by NYU Press. This book was released on 2017-12-12 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2014, the U. S. government adopted a new quarterly statistic called gross output (GO), the most significance advance in national income accounting since gross domestic product (GDP) was developed in the 1940s. The announcement came as a triumph for Mark Skousen, who advocated GO nearly 25 years ago as an essential macroeconomic tool and a better way to measure the economy and the business cycle. Now it has become an official statistic issued quarterly by the Bureau of Economic Analysis at the U. S. Department of Commerce. In this new revised edition of Structure of Production, Skousen shows why GO is a more accurate and comprehensive measure of the economy because it includes business-to-business transactions that move the supply chain along to final use. (GDP measures the value of finished goods and services only, and omits B-to-B activity.) GO is an attempt to measure spending at all stages of production. Using GO, Skousen demonstrates that the supply-side of the business spending is far more important than consumer spending, is more consistent with economic growth theory, and a better measure of the business cycle.

Capital and Its Structure

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Publisher : Ludwig von Mises Institute
ISBN 13 : 1610165276
Total Pages : 148 pages
Book Rating : 4.6/5 (11 download)

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Book Synopsis Capital and Its Structure by : Ludwig M. Lachmann

Download or read book Capital and Its Structure written by Ludwig M. Lachmann and published by Ludwig von Mises Institute. This book was released on 1956 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Austrian Capital Theory

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Publisher : Cambridge University Press
ISBN 13 : 110875273X
Total Pages : 102 pages
Book Rating : 4.1/5 (87 download)

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Book Synopsis Austrian Capital Theory by : Peter Lewin

Download or read book Austrian Capital Theory written by Peter Lewin and published by Cambridge University Press. This book was released on 2019-01-10 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Element presents a new framework for Austrian capital theory, starting from the notion that capital is value. Capital is the value attributed by the valuer at any moment in time to the combination of production-goods and labor available for production. Capital is the result obtained by calculating the current value of a business-unit or business-project that employs resources over time. It is the result of a (subjective) entrepreneurial calculation process that relates the flow of consumptions goods to the value of the productive resources that will produce those consumptions goods. The entrepreneur is a ubiquitous calculating presence. In a review of the development of Austrian capital theory, by Carl Menger, Eugen von Böhm-Bawerk, Ludwig von Mises, Friedrich Hayek, Ludwig Lachmann as well as recent contributions, the Element incorporates the seminal contributions into the new framework in order to provide a more accessible perspective on Austrian capital theory.

Neo-Austrian Model of Production

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Publisher :
ISBN 13 :
Total Pages : 472 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Neo-Austrian Model of Production by : Chengxin Ouyang

Download or read book Neo-Austrian Model of Production written by Chengxin Ouyang and published by . This book was released on 1988 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Foundations of Modern Austrian Economics

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Publisher : Mission, Kan. : Sheed & Ward
ISBN 13 :
Total Pages : 260 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Foundations of Modern Austrian Economics by : Institute for Humane Studies

Download or read book The Foundations of Modern Austrian Economics written by Institute for Humane Studies and published by Mission, Kan. : Sheed & Ward. This book was released on 1976 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Proceedings of a conference sponsored by the Institute for Humane Studies and held at Royalton College, South Royalton, Vt., in June 1974. Includes index. Bibliography: p. 224-227.

Capital as Power

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Publisher : Routledge
ISBN 13 : 1134022298
Total Pages : 853 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis Capital as Power by : Jonathan Nitzan

Download or read book Capital as Power written by Jonathan Nitzan and published by Routledge. This book was released on 2009-06-02 with total page 853 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.

The Austrian School

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Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Austrian School by : Jesús Huerta de Soto

Download or read book The Austrian School written by Jesús Huerta de Soto and published by Edward Elgar Publishing. This book was released on 2008 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents an exposition of the main tenets of the Austrian School of Economics. This book also explains the differences between the Austrian and the neoclassical (including the Chicago School) approaches to economics. It covers reviews of the contributions of the main Austrian economists, and analysis of the major objections to Austrian economics.

Cost Analysis Applications of Economics and Operations Research

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Publisher : Springer Science & Business Media
ISBN 13 : 1468463845
Total Pages : 421 pages
Book Rating : 4.4/5 (684 download)

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Book Synopsis Cost Analysis Applications of Economics and Operations Research by : Thomas R. Jr. Gulledge

Download or read book Cost Analysis Applications of Economics and Operations Research written by Thomas R. Jr. Gulledge and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost Analysis is an emerging sub-discipline of Economics and Operations Research. This is the first collection of readings that spans the discipline. The contributions are both theoretical and applications oriented. This book is directed to researchers in Economics, Operations Research, Industrial Engineering, and Managerial Accounting. In particular, the book provides an overview of the types of problems that are of interest to cost researchers. These papers are a subset of the papers that were presented at the 1989 Joint National Meeting of the Institute of Cost Analysis and the National Estimating Society in Washington, D.C.

Corporate Aftershock

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Publisher : John Wiley & Sons
ISBN 13 : 0471474142
Total Pages : 353 pages
Book Rating : 4.4/5 (714 download)

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Book Synopsis Corporate Aftershock by : Christopher L. Culp

Download or read book Corporate Aftershock written by Christopher L. Culp and published by John Wiley & Sons. This book was released on 2003-06-17 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Das Scheitern von scheinbar grundsoliden, unerschütterlichen Unternehmen wie Enron haben nicht nur zu großen Missverständnissen über die Märkte geführt, sondern auch zu übereilten Forderungen nach strengeren Vorschriften. "Corporate Aftershock" ist eine fundierte Antwort auf die zahlreichen Vorschläge, Derivate und andere Finanztransaktionen als Folge des Zusammenbruchs von Enron, zu beschränken. Der Band präsentiert eine stichhaltige Analyse der Situation der Public Policy nach dem Enron Debakel. Er erläutert, was wahrscheinlich passieren wird und geht auch darauf ein, was aus Sicht einer ausgewogenen Wirtschaftsanalyse passieren sollte. Autor Christopher Culp ist ein anerkannter Experte auf diesem Gebiet. Er ist Managing Director von C.P. Risk Management LCC, Adjunct Associate Professor of Finance an der Graduate School of Business der Universität von Chicago sowie Gastprofessor für 'Risk and Insurance' am Institut für Finanzmanagement der Universität Bern.

An Evolutionary Theory of Economic Change

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Publisher : Harvard University Press
ISBN 13 : 9780674041431
Total Pages : 456 pages
Book Rating : 4.0/5 (414 download)

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Book Synopsis An Evolutionary Theory of Economic Change by : Richard R. Nelson

Download or read book An Evolutionary Theory of Economic Change written by Richard R. Nelson and published by Harvard University Press. This book was released on 1985-10-15 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains the most sustained and serious attack on mainstream, neoclassical economics in more than forty years. Nelson and Winter focus their critique on the basic question of how firms and industries change overtime. They marshal significant objections to the fundamental neoclassical assumptions of profit maximization and market equilibrium, which they find ineffective in the analysis of technological innovation and the dynamics of competition among firms. To replace these assumptions, they borrow from biology the concept of natural selection to construct a precise and detailed evolutionary theory of business behavior. They grant that films are motivated by profit and engage in search for ways of improving profits, but they do not consider them to be profit maximizing. Likewise, they emphasize the tendency for the more profitable firms to drive the less profitable ones out of business, but they do not focus their analysis on hypothetical states of industry equilibrium. The results of their new paradigm and analytical framework are impressive. Not only have they been able to develop more coherent and powerful models of competitive firm dynamics under conditions of growth and technological change, but their approach is compatible with findings in psychology and other social sciences. Finally, their work has important implications for welfare economics and for government policy toward industry.

Austrian Economics

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Publisher : Cato Institute
ISBN 13 : 1948647966
Total Pages : 167 pages
Book Rating : 4.9/5 (486 download)

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Book Synopsis Austrian Economics by : Steven Horwitz

Download or read book Austrian Economics written by Steven Horwitz and published by Cato Institute. This book was released on 2020-07-14 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: What if economics began with people? Choice is an essential feature of the human condition. Every time we embark on a given plan of action, big or small, we make a choice. Whereas many economists model people’s behavior using idealized assumptions, economists of the Austrian School don’t. The Austrian School of Economics takes people as they are and constructs economic theories by examining the logical structure of the choices they make. Austrian Economics: An Introduction book explains the Austrian School’s insights on a wide range of economic topics and introduces some of its key thinkers. It also explains the relationship between the Austrian School and mainstream economics and delves into the criticisms that Austrian School economists have mounted against communist and socialist economic thought.

Capital Theory and Dynamics

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Publisher : CUP Archive
ISBN 13 : 9780521228893
Total Pages : 358 pages
Book Rating : 4.2/5 (288 download)

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Book Synopsis Capital Theory and Dynamics by : Edwin Burmeister

Download or read book Capital Theory and Dynamics written by Edwin Burmeister and published by CUP Archive. This book was released on 1980-11-28 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its important results can be understood and their economic significance grasped by those who do not possess the "mathematical literacy" required to follow rigorous proofs. Even if future events are known with certainty, they still influence the current economic state. This is the pure role of time. That future events are not known with certainty adds another complexity. This book focuses mainly on the pure role of time.

Evolution, Time, Production and the Environment

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Publisher : Springer Science & Business Media
ISBN 13 : 366203624X
Total Pages : 296 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis Evolution, Time, Production and the Environment by : Malte Faber

Download or read book Evolution, Time, Production and the Environment written by Malte Faber and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition is brought about by two factors. First, the initial printing sold out much more rapidly than we expected. Second, several colleagues have been kind enough to suggest that this book not only has a contribution to make to ecological economics, but also has relevance to economics general. Thus our OUf distinction distinction between between genotypic genotypic and phenotypic evolution may be used to characterise not only economic sectors, but also whole economies, and in particular economic schools of thought. For instance, the Austrian subjectivist school deals explicitly with ignorance and the emergence of novelty, and may therefore be used to analyse genotypic development. In contrast, neoclassical economics deals principally with phenotypic development. When Dr. Müller Muller of Springer-Verlag suggested the production of a second edition, we were therefore pleased that this book might remain available. Several readers and in particular reviewers of the first edition remarked, in one way or the other, that they had questions concerning several of our OUf concepts, concepts, such as genotype, phenotype, ignorance, surprise, sUlprise, novelty, novelty, knowledge, knowledge, predictable predictable and unpredictable processes etc. Of course, all these concepts are of importance for evolution in general and for invention and innovation of new techniques in particular. We therefore considered some modifications and extensions of the original text, but on the advice of colleagues, have restricted oUfselves ourselves to correcting mistakes that crept into the first edition and to two extensions ofthe of the text, text, one major, one smaller.

Capacity Oriented Analysis and Design of Production Systems

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Publisher : Springer Science & Business Media
ISBN 13 : 3642516661
Total Pages : 259 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Capacity Oriented Analysis and Design of Production Systems by : M.B.M. de Koster

Download or read book Capacity Oriented Analysis and Design of Production Systems written by M.B.M. de Koster and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: In production systems there are often capacity oriented performance objectives, like a desired total throughput, a desired average throughput time and average work in-process. Such performance objectives are expressed in "units of products" rather than in specific product types. This book presents a way of modeling and analyzing production systems so, that such capacity oriented performance criteria can be measured in a simple way. The model consists of three basic elements. 1. The product types in the system are aggregated. 2. The product flow is modeled as being continuous. 3. The machines in the model have a finite number of states. Each state has a phase-type sojourn distribution and an associated production speed. Transitions between the states are determined by an irreducible Markov transition matrix. In the book both the mathematical properties and the practical applicabilities of the model are investigated. The model is extensively analyzed for various layouts, like flow lines, assembly disassembly systems and networks where parallel machines share common buffers. Furthermore various ways of controlling the product flow in the model are investigated, such as Base Stock Control, Workload Control, control by finite buffers and control by the Reorder Point System. An approximation technique is developed for a quick estimation of performance measures like throughput and average work-in-process, for networks with layouts and control techniques like those above-mentioned.

Varieties of Capitalism

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Publisher : Oxford University Press
ISBN 13 : 0199247749
Total Pages : 557 pages
Book Rating : 4.1/5 (992 download)

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Book Synopsis Varieties of Capitalism by : Peter A. Hall

Download or read book Varieties of Capitalism written by Peter A. Hall and published by Oxford University Press. This book was released on 2001 with total page 557 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

JOURNAL OF INTERNATIONAL ECONOMICS

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Publisher :
ISBN 13 :
Total Pages : 466 pages
Book Rating : 4./5 ( download)

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Book Synopsis JOURNAL OF INTERNATIONAL ECONOMICS by : JAGDISH BHAGWATI

Download or read book JOURNAL OF INTERNATIONAL ECONOMICS written by JAGDISH BHAGWATI and published by . This book was released on 1977 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: