Quotes from The Pure Theory of Capital

By F.A. Hayek (1941)

• In the sphere of capital theory, as we have seen, the construction of a stationary state is particularly useless because the main problem, that of investment, arises just because people intend to do in the future something different from what they are doing in the present.#
  EconomicsCapitalMethodology
• A given stock of capital goods does not represent one single stream of potential output of definite size and time shape; it represents a great number of alternatively possible streams of different shapes and magnitudes.#Quoted in Roger Garrison, “Reflections on Reswitching and Roundaboutness” (2003)
  CapitalEconomics