With this important book, esteemed economist Leland B. Yeager grounds moral and political philosophy in the requirements of a well-functioning society, one whose members reap the gains from peaceful cooperation while pursuing their own diverse goals

With this important book, esteemed economist Leland B. Yeager grounds moral and political philosophy in the requirements of a well-functioning society, one whose members reap the gains from peaceful cooperation while pursuing their own diverse goals.

Addresses the theory of capital and interest of Eucken. Explains how Eucken works out the temporal aspects of the economic process in different monetary systems, market structures and economic systems. The theory is critically evaluated. Eucken made essential contributions to the theory of...