By Lawrence H. White
Produced during the first fifteen years of Hayek's profession, the writings gathered in Capital and Interest see Hayek complex upon and expand his landmark lectures that have been released as Prices and Production and paintings towards the technically refined line of inspiration obvious in his later Pure idea of Capital. Illuminating the improvement of Hayek's special contributions to capital and curiosity concept, the gathering additionally sheds gentle on how Hayek's paintings relating to different influential economists of the time. Highlights comprise the 1936 article 'The Mythology of Capital' offered the following along Frank Knight's criticisms of the Austrian idea of capital that triggered it - and 'The upkeep of Capital', with next reviews by way of the English economist A. C. Pigou. those and different known works are followed by way of lesser-known articles and lectures, together with a lecture on technological growth and extra potential. An advent through the book's editor, major Hayek pupil Lawrence H. White, locations Hayek's contributions in cautious historic context, with abundant footnotes and citations for extra analyzing, making this a touchstone addition to the collage of Chicago Press's gathered Works of F. A. Hayek series.
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