000 04252nam a22005295i 4500
001 978-3-031-63398-0
003 DE-He213
005 20251030113116.0
007 cr nn 008mamaa
008 240930s2024 sz | s |||| 0|eng d
020 _a9783031633980
_9978-3-031-63398-0
024 7 _a10.1007/978-3-031-63398-0
_2doi
050 4 _aHB75-130
072 7 _aKCA
_2bicssc
072 7 _aBUS069030
_2bisacsh
072 7 _aKCA
_2thema
100 1 _aYeager, Leland B.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_985309
245 1 0 _aCapital, Interest, and Waiting
_h[electronic resource] :
_bControversies, Puzzles, and New Additions to Capital Theory /
_cby Leland B. Yeager, Steve H. Hanke.
250 _a1st ed. 2024.
264 1 _aCham :
_bSpringer Nature Switzerland :
_bImprint: Palgrave Macmillan,
_c2024.
300 _aXVII, 367 p. 27 illus., 22 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _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.
520 _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.
650 0 _aEconomics
_xHistory.
_957572
650 0 _aMacroeconomics.
650 0 _aFinance.
_958339
650 1 4 _aHistory of Economic Thought and Methodology.
_971917
650 2 4 _aMacroeconomics and Monetary Economics.
_969508
650 2 4 _aFinancial Economics.
_969737
700 1 _aHanke, Steve H.
_eauthor.
_4aut
_4http://id.loc.gov/vocabulary/relators/aut
_985310
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031633973
776 0 8 _iPrinted edition:
_z9783031633997
776 0 8 _iPrinted edition:
_z9783031634000
856 4 0 _uhttps://doi.org/10.1007/978-3-031-63398-0
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c63858
_d63858