A Retrospective View of Hicks' CAPITAL AND TIME: A NEO-AUSTRIAN THEORY
In 1973 Sir John Hicks published CAPITAL AND TIME: A NEO-AUSTRIAN THEORY. This was his third book with the word "capital" in its title, the first being his classic VALUE AND CAPITAL  and the second being CAPITAL AND GROWTH . It departed significantly from his earlier work by assuming that the technology of an economy consisted of a set of neo-Austrian production processes in which a time sequence of inputs produces a time sequence of outputs. In June, 1974 I published a review article in the JOURNAL OF ECONOMIC LITERATURE entitled "Synthesizing the Neo-Austrian and Alternative Approaches to Capital Theory: A Survey" using Hicks' book as a filter to select a list of topics for discussion. Now, with some 30 years of hindsight, I will revisit some of those topics that, in my view, remain both unsolved and important.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics Duke University 213 Social Sciences Building Box 90097 Durham, NC 27708-0097|
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://econ.duke.edu/
When requesting a correction, please mention this item's handle: RePEc:duk:dukeec:02-19. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Department of Economics Webmaster)
If references are entirely missing, you can add them using this form.