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
A complement of metaphors inherited from the classical era has held back progress in Austrian capital theory (ACT). In particular, the attachment to circulating capital as the paradigmatic capital good, largely motivated by the business cycle theory, has locked ACT into a nonoperational point-output model of production. This paper draws . . .