{"product_id":"capital-and-interest-9780865979338","title":"Capital and Interest","description":"\u003cp\u003eProduced throughout the first fifteen years of Hayek's career, the writings collected in Capital and Interest see Hayek\u003c\/p\u003e\u003cp\u003eelaborate on and extend his landmark lectures that were published as Prices and Production and work toward the\u003c\/p\u003e\u003cp\u003etechnically sophisticated line of thought seen in his later Pure Theory of Capital.\u003c\/p\u003e\u003cp\u003eIlluminating the development of Hayek's detailed contributions to capital and interest theory, the collection also sheds\u003c\/p\u003e\u003cp\u003elight on how Hayek's work related to other influential economists of the time. Highlights include the 1936 article \"The\u003c\/p\u003e\u003cp\u003eMythology of Capital\"--presented here alongside Frank Knight's criticisms of the Austrian theory of capital that\u003c\/p\u003e\u003cp\u003eprompted it--and \"The Maintenance of Capital,\" with subsequent comments by the English economist A. C. Pigou.\u003c\/p\u003e\u003cp\u003eThese and other familiar works are accompanied by lesser-known articles and lectures, including a lecture on\u003c\/p\u003e\u003cp\u003etechnological progress and excess capacity. An introduction by the book's editor, leading Hayek scholar Lawrence H.\u003c\/p\u003e\u003cp\u003eWhite, places Hayek's contributions in careful historical context, with ample footnotes and citations for further\u003c\/p\u003e\u003cp\u003ereading.\u003c\/p\u003e\u003cbr\u003e","brand":"Liberty Fund","offers":[{"title":"Default Title","offer_id":50393820496146,"sku":"9780865979338","price":11.99,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_546494a4-3b5c-49f5-b48e-1cf1c0b6e5d8.jpg?v=1728994945","url":"https:\/\/surprise-castle.myshopify.com\/products\/capital-and-interest-9780865979338","provider":"Surprise Castle","version":"1.0","type":"link"}