Wednesday, August 27, 2014

Philip Pilkington on Austrian Capital Theory

A great post here by Philip Pilkington on what can be salvaged from Austrian capital theory:
Philip Pilkington, “Capital Theory: An Austrian-Marxian Synthesis,” Fixing the Economists, August 27, 2014.
Here are some of my own posts on this subject below:
“Marshall on Menger’s Orders of Capital Goods,” June 24, 2013.

“Why the Austrian Business Cycle Theory is Wrong (in a Nutshell),” August 3, 2013.

“Hayek on his Simplified Capital Theory Assumptions in Prices and Production,” October 15, 2012.

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