Molavi Vasséi, Arash - 2011
This paper translates F.A. Hayek's informal capital theory into a dynamic equilibrium model. The focus is restricted to …, being restated in "The Pure Theory of Capital", first published in 1941. The underlying premise is that Hayek adopts infant … of his capital theory by established neoclassical tools is admissible. The major result is that Hayek's capital theory …
