The Pure Theory of Capital.The University of Chicago Press, Chicago , 1950 Stock Code: 132148
NotesSecond American edition, first printing, following the first of 1941. The Pure Theory of Capital showed "the very complex nature of capital and its importance in economic booms and slumps, and stands as a classic in the field" (Butler). Hayek "provides lucid expositions of his notions of 'inter-temporal equilbrium', the 'physical productivity of investment', and the 'vertical or successive division of labor'. Although Hayek rejects the concept of a 'supply of capital' as a measurable quantity, he derives a meaningful 'marginal productivity of investment'" (IESS).
Octavo. Original green cloth, spine lettered in gilt. With the dust jacket.
A very good copy in the price-clipped dust jacket, spine panel lightly toned, 2cm closed tear at head of front panel.
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