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Drawing on the work of the Austrian School and its heirs, <EM>Capital in Disequilibrium</EM> develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an...</em>
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human capital as an accumulable factor. In a study on Austria and Germany we augment the Solow model to allow for the … of human capital of Austria and Germany by weighting workers of different schooling levels with their respective wage … quantifies how wages change with years of schooling. We find that the time series evidence on Austria and Germany is not …
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