- | Academic & Student Programs Academic & Student Programs
- | Journal Articles Journal Articles
- |
Capital Theory and the Process of Inter-Temporal Coordination
The Austrian Contribution to the Theory of Economic Growth
Originally published in Atlantic Economic Journal
Appreciation of the necessity of the inter-temporal coordination of heterogeneous capital goods is the chief contribution of Austrian economics to the theory of economic growth. Austrian theory illustrates why an institutional environment of freely formed prices predicated on private property is essential for economic growth.
Appreciation of the necessity of the inter-temporal coordination of heterogeneous capital goods is the chief contribution of Austrian economics to the theory of economic growth. Austrian theory illustrates why an institutional environment of freely formed prices predicated on private property is essential for economic growth. This leads Austrians to have a unique take on Solow growth theory, the financing gap model, national economic planning, and aggregative development measures.
Find the article at SpringerLink.
To speak with a scholar or learn more on this topic, visit our contact page.
