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Time and Money argues persuasively that the troubles which characterise modern capital-intensive economies, particularly the episodes of boom and bust, may best be analysed with the aid of a capital-based macroeconomics. The primary focus of this text is the intertemporal structure of capital, an area that until now has been neglected in favour of labour and money-based macroeconomics.
Money --- Capital --- Macroeconomics --- 339.53 --- Economics --- Capital assets --- Fixed assets --- Capitalism --- Infrastructure (Economics) --- Wealth --- Currency --- Monetary question --- Money, Primitive --- Specie --- Standard of value --- Exchange --- Finance --- Value --- Banks and banking --- Coinage --- Currency question --- Gold --- Silver --- Silver question --- Money. --- Capital. --- Macroeconomics. --- E-books
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Economic schools --- Austria --- Methodology of economics --- Austrian school of economics --- Time and economic reactions --- Uncertainty
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The Economics of Time and Ignorance is one of the seminal works in modern Austrian economics. Its treatment of historical time and of uncertainty helped set the agenda for the remarkable revival of work in the Austrian tradition which has led to an ever wider interest in the once heretical ideas of Austrian economics. It is here reprinted with a substantial new introductory essay, outlining the major developments in the area since its original publication a decade ago.
Austrian school of economics. --- Time and economic reactions. --- Uncertainty.
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