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...
Format:Paperback
Language:English
ISBN:1108735886
ISBN13:9781108735889
Release Date:January 2019
Publisher:Cambridge University Press
Length:88 Pages
Weight:0.29 lbs.
Dimensions:0.2" x 6.0" x 9.0"
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