By Lawrence H. White

Produced during the first fifteen years of Hayek's occupation, the writings accrued in Capital and Interest see Hayek intricate upon and expand his landmark lectures that have been released as Prices and Production and paintings towards the technically subtle line of concept visible in his later Pure conception of Capital. Illuminating the advance of Hayek's special contributions to capital and curiosity concept, the gathering additionally sheds mild on how Hayek's paintings relating to different influential economists of the time. Highlights comprise the 1936 article 'The Mythology of Capital' awarded right here along Frank Knight's criticisms of the Austrian thought of capital that caused it - and 'The upkeep of Capital', with next reviews by means of the English economist A. C. Pigou. those and different widely used works are observed through lesser-known articles and lectures, together with a lecture on technological development and extra means. An creation by way of the book's editor, major Hayek pupil Lawrence H. White, locations Hayek's contributions in cautious historic context, with plentiful footnotes and citations for additional examining, making this a touchstone addition to the collage of Chicago Press's accumulated Works of F. A. Hayek series.

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