Capital, Interest, and Waiting: Controversies, Puzzles, and New Additions to Capital Theory

by Steve H. Hanke and Leland B. Yeager

Prominent economists including Nassau Senior, Eugene von Bӧhm-Bawerk, Gustav Cassel, Irving Fisher, Walter Eucken, and Robert Dorfman have recognized or toyed with the idea of waiting as a factor of production, but this concept has not yet been explored in its entirety until now. In this book, Leland B. Yeager and Steve H. Hanke dive into the economic theory behind waiting and contextualize its relevance to modern-day monetary policy.

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• Format: Hardcover
• Language: English
• ISBN: 3031633970
• ISBN13: 9783031633973
• Release Date: September 2024
• Publisher: Palgrave MacMillan