Original paper

Hayek's Average Period of Production: One Step Forward and a Missed Opportunity

Published: Jan 1, 2018
Abstract
One of Hayek’s most important contributions is his work on capital theory and business cycles as presented in Prices and Production. Hayek made significant contributions in this field. Significant contribution, however, usually are not free of issues. In this chapter, we discuss the distinctive characteristics of Hayek’s work on capital theory and how the questions his treatment raised can be answered with modern financial calculations. We also...
Paper Details
Title
Hayek's Average Period of Production: One Step Forward and a Missed Opportunity
Published Date
Jan 1, 2018
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