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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.

Capital --- Economic schools --- AA / International- internationaal --- AT / Austria - Oostenrijk - Autriche --- 338.03 --- Kapitaal. --- Business & Economics --- Economic Theory --- Kapitaal

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Stochastic programming --- 681.3*G16 --- Optimization: constrained optimization; gradient methods; integer programming; least squares methods; linear programming; nonlinear programming (Numericalanalysis) --- Stochastic programming. --- 681.3*G16 Optimization: constrained optimization; gradient methods; integer programming; least squares methods; linear programming; nonlinear programming (Numericalanalysis) --- Linear programming

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Climate change, species extinction, energy and raw material shortages are global challenges that are directly linked to our economic activity. They affect our very existence and jeopardize our ability to lead a good life today and in the future, both as a society and as individuals. The range of questions for which we need answers seems limitless and finding the "right" path for global change increasingly utopian. How do we maintain an overview in the face of highly complex interrelationships and interactions? How can we distinguish the essential from the non-essential? What fundamental relationships in nature do we need to take into account? What kind of economy is appropriate? What is just? And under what conditions are people willing to change? This book offers orientation. It deals with concepts from the natural sciences, economics and philosophy - including time, thermodynamics, scarcity, responsibility and justice - which enable an understanding of the upcoming transformation to sustainability from different perspectives. Ideally, they serve as guidelines for effective decisions and show how change is possible despite immense challenges. The book is aimed at anyone who wants to contribute to the transformation towards sustainability - whether in politics, business, administration or civil society. The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content. This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.

Sustainability. --- Ecology. --- Sustainable development.

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