Skip to main content
SpringerLink
Log in

Studies in Austrian Capital Theory, Investment, and Time

  • Conference proceedings
  • © 1986

Overview

Editors:
  1. Malte Faber

    1. Alfred-Weber Institut für Sozial- und Staatswissenschaften, Universität Heidelberg, Heidelberg, Germany

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 277)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (18 papers)

  1. Front Matter

    Pages I-VI
    Download chapter PDF

  2. Summary of the Papers

    1. Summary of the Papers

      • Malte Faber
      Pages 1-9

  5. Time, Irreversibility and Investment: Extensions of Traditional Approaches

    1. Front Matter

      Pages 185-185
      Download chapter PDF

    2. Time and Production: Period versus Continuous Analysis

      • Franz-Josef Wodopia
      Pages 186-194

    3. Flow and Fund Approaches to Irreversible Investment Decisions

      • Franz-Josef Wodopia
      Pages 195-207

  6. Dynamic Games with Macroeconomic Investment

    1. Front Matter

      Pages 209-209
      Download chapter PDF

    2. On the Methodology of Strategic Interaction in Time

      • Malte Faber, Werner Güth, Gunter Stephan, Ernst-Ludwig von Thadden
      Pages 210-228

    3. A Dynamic Game with Macroeconomic Investment Decisions Under Alternative Market Structures

      • Werner Böge, Malte Faber, Werner Güth
      Pages 229-258
Back to top

Keywords

About this book

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.

Editors and Affiliations

  • Alfred-Weber Institut für Sozial- und Staatswissenschaften, Universität Heidelberg, Heidelberg, Germany

    Malte Faber

Bibliographic Information

  • Book Title: Studies in Austrian Capital Theory, Investment, and Time

  • Editors: Malte Faber

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-51701-3

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1986

  • Softcover ISBN: 978-3-540-16804-1Published: 01 October 1986

  • eBook ISBN: 978-3-642-51701-3Published: 14 March 2013

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VI, 320

  • Topics: Economics, general

Publish with us

Policies and ethics

Back to top

Search

Navigation