Capital and its Structure (Kansas City: Sheed Andrews and McMeel, 1978). http://oll.libertyfund.org/titles/96,
|Available in the following formats:|
|Facsimile PDF||9.74 MB||This is a facsimile or image-based PDF made from scans of the original book.|
|Kindle||260 KB||This is an E-book formatted for Amazon Kindle devices.|
|EBook PDF||467 KB||This text-based PDF or EBook was created from the HTML version of this book and is part of the Portable Library of Liberty.|
|HTML||389 KB||This version has been converted from the original text. Every effort has been taken to translate the unique features of the printed book into the HTML medium.|
A reprint of Lachmann’s 1956 classic of Austrian capital theory in which he draws upon the work of Carl Menger, Frank Knight and Friedrich Hayek. In this book Lachmann shows how firms invest to position capital goods with one another, thus creating the complex capital structure. He shows how capital formation and adjustment is a continuous transformation which is immensely complex in its combinations and heterogeneous flow, and how it is capable of co-ordinating the ever-changing plans of individual participants.
This work is copyrighted by the Institute for Humane Studies, George Mason University, Fairfax, Virginia, and is put online with their permission.
This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.