Frank Fetter
Quotes From
"Recent Discussion of the Capital Concept" (1900)
- Interest is looked upon as connected with a special class of goods; it must be recognized to be connected with everything of value.#
Posts About
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Unmixing the Metaphors of Austrian Capital Theory
The distinctiveness of Austrian capital theory (ACT) against competing theories of capital lies in (1) its process approach over time as opposed to a comparative statics approach, (2) its emphasis on relative prices as opposed to the general level of prices, and (3) its recognition of the importance of the . . .