04044nam a22004815i 4500001001800000003000900018005001700027007001500044008004100059020003700100024003500137050001300172072001600185072002300201072001500224100008600239245016100325250001800486264007900504300006600583336002600649337002600675338003600701347002400737505054100761520170701302650003103009650002003040650002003060650005603080650005003136650003203186700008403218710003403302773002603336776003603362776003603398776003603434856004603470912001403516912001503530999001703545978-3-031-63398-0DE-He21320251030113116.0cr nn 008mamaa240930s2024    sz |    s    |||| 0|eng d  a97830316339809978-3-031-63398-07 a10.1007/978-3-031-63398-02doi 4aHB75-130 7aKCA2bicssc 7aBUS0690302bisacsh 7aKCA2thema1 aYeager, Leland B.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut98530910aCapital, Interest, and Waitingh[electronic resource] :bControversies, Puzzles, and New Additions to Capital Theory /cby Leland B. Yeager, Steve H. Hanke.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Palgrave Macmillan,c2024.  aXVII, 367 p. 27 illus., 22 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda0 aChapter 1: Introduction -- Chapter 2: Waiting as a Factor and Interest as Its Price -- Chapter 3: Capital Goods, Intermediate Goods, and Land -- Chapter 4: Advantages of the Recommended View of Waiting -- Chapter 5: Responses to the Interest Rate -- Chapter 6: Time Preference and the Productivity of Roundaboutness -- Chapter 7: Measures of Roundaboutness -- Chapter 8: Changes in Wants, Resources, and Technology -- Chapter 9: The Yield Curve -- Chapter 10: Money and Interest -- Chapter 11: Monetary Policy -- Chapter 12: Conclusion.  aProminent economists have recognized or toyed with the idea of waiting as a factor of production, but the subject has remained largely undeveloped until now. In this book, Leland B. Yeager and Steve H. Hanke build upon the contributions from a gallery of distinguished economists, diving into the economic theory behind waiting and explaining its relevance for modern-day monetary policy, among other things. With this new perspective, Yeager and Hanke challenge economists to reconsider capital theory as previously understood. Capital, Interest, and Waiting is an indispensable resource for economists grappling with or questioning the theoretical and applied relationships between time, money, and the economy. It challenges readers to reconsider their approach to capital theory. The arguments presented throughout the book rest on the vast literature of capital theory that has been accompanied by numerous controversies, puzzles, and debates for well over a century. With energy, Yeager and Hanke resolve these many puzzles and paradoxes one after the other, breaking new ground by demonstrating that waiting is a factor of production and interest is its price. Leland B. Yeager (1924–2018) was Ludwig von Mises Distinguished Professor Emeritus of Economics at Auburn University and Paul Goodloe McIntire Professor of Economics Emeritus at the University of Virginia. Steve H. Hanke is Professor of Applied Economics and Founder and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. Hanke was a member of the faculties at the Colorado School of Mines and the University of California, Berkeley. 0aEconomicsxHistory.957572 0aMacroeconomics. 0aFinance.95833914aHistory of Economic Thought and Methodology.97191724aMacroeconomics and Monetary Economics.96950824aFinancial Economics.9697371 aHanke, Steve H.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut9853102 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303163397308iPrinted edition:z978303163399708iPrinted edition:z978303163400040uhttps://doi.org/10.1007/978-3-031-63398-0  aZDB-2-ECF  aZDB-2-SXEF  c63858d63858