Capital and Interest Theory

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Swift's Notes on Capital and Interest

Contents:

  1. Early Austrian Theories
  2. Critique of the Productivity Theories
  3. Critique of the Exploitation Theory
  4. Developed Austrian Theories
  5. "The Mythology of Capital"
  6. Hayek vs Sraffa
  7. Interest Rates and the Structure of Production
  8. Capital and Reswitching
  9. Internal Austrian Disputes and Alternative Theories

Early Austrian Theories

Carl Menger's Contribution to Capital Theory by Eduard Braun

Capital and Interest by Eugen von Bohm-Bawerk

Recent Literature on Interest by Eugen von Bohm-Bawerk

The Positive Theory of Capital by Eugen von Bohm Bawerk


Critique of the Productivity Theories:

Capital and Interest by Eugen von Bohm-Bawerk *Pages 111-183*

Why Do Capitalists Earn Interest Income? by Robert Murphy

Mainstream Economists Don’t Even Get Their Dimensions Right by Robert Murphy

Dangers of the One Good Model: Bohm-Bawerks Critique of the "Naive Productivity Theory of Interest" by Robert Murphy

Interest and the Marginal Product of Capital: Böhm-Bawerk versus Samuelson by Robert P. Murphy


Critique of the Exploitation Theory

Capital and Interest by Eugen von Bohm-Bawerk *Pages 295-392*

Böhm-Bawerk’s Critique of the Exploitation Theory of Interest by Robert Murphy


Developed Austrian Theories

Capital, Interest, and Rent: Essays in the Theory of Distribution by Frank Fetter

Frank Fetter and the Austrians by Matthew McCafferty

Human Action by Ludwig von Mises *Pages 99-104/476-544*

Austrian Capital Theory by Peter Lewin and Nicolas Cachanosky

Capital in Disequilibrium The Role of Capital in a Changing World by Peter Lewin

Unanticipated Intertemporal Change in Theories of Interest by Robert P. Murphy


"The Mythology of Capital"

The Mythology of Capital by F.A. Hayek

Nature of Capital, The: A Rejoinder by Eugen von Bohm-Bawerk

The Mythology of Capital or of Static Equilibrium? The Bohm-Bawerk/Clark Controversy by Avi J. Cohen

Capital and Interest by F.A. Hayek *Pages 47-198*

An Essay on Capital by Israel Kirzner *Pages 43-73*

Böhm-Bawerk vs. the Neoclassical School by Jesus Huerta de Soto

Professor Knight and the "Period of Production" by Fritz Machlup


Hayek vs Sraffa

Contra Keynes and Cambridge, debates of Hayek, Keynes and Sraffa by F.A. Hayek *Pages 74-120/198-225*

A Defense of the Traditional Austrian Theory of Interest By Paul Cwik

Austrian Economics Under Fire, The Hayek-Sraffa duel in retrospect in 'Expectations and the Meaning of Institutions: Essays in Economics by Ludwig Lachmann *Pages 141-157*

Ludwig M. Lachmann Against the Cambridge School. Macroeconomics, Microfoundations, Expectations, Rate of Profit, Equilibrium and Innovations by Carmelo Ferlito


Interest Rates and the Structure of Production

Money, Bank Credit and Economic Cycles by Jesus Huerta de Soto *Pages 265-385*

Human Action by Ludwig von Mises *Pages 476-573*

Man Economy and State by Murray Rothbard *Pages 319-504*

Capital and Its Structure by Ludwig Lachmann

A Formal Model in Hayekian Macroeconomics: The Proportional Goods-in-Process Structure of Production by Renaud Fillieule

A Hayekian Analysis of the Term Structure of Production by Robert F. Mulligan

Interest Rates and Investment Coordination Failures by Joshua R. Hendrickson

New-Product Research and Development: The Earliest Stage of the Capital Structure by James McClure and David Chandler Thomas

The Average Period of Production: The History of an Idea by Peter Lewin and Nicolas Cachanosky

Capital, Three Dimensionally Speaking by Peter Lewin and Nicolas Cachanosky

Entrepreneurship in a Theory of Capital and Finance: Illustrating the Use of Subjective Quantification by Peter Lewin and Nicolas Cachanosky

Testing Böhm-Bawerk’s Theory of Capital: Some evidence from the Finnish Economy by Theodore Mariolis & George Soklis & Eugenia Zouvela

An Analysis on the Relationship between Hoarding, Investment and Economic Growth by Alexandru Pătruți

Production Structure in the Context of International Trade by Miroslav Kollar

The Interest Rate and the Length of Production: An Attempt at Reformulation by Mateusz Machaj

The Interest Rate and the Length of Production: A Comment by David Howden

Interest and the Length of Production: A Reply by Mateusz Machaj


Capital and Reswitching

Austrian Themes and the Cambridge Capital Theory Controversies by J. Barkley Rosser Jr

The Reswitching Question by Robert Murphy

Money, Bank Credit and Economic Cycles by Jesus Huerta de Soto *Pages 571-575*

Austrian Business Cycle Theory: On the Interest Rate and the Cambridge Capital Controversy

Reflections on Reswitching and Roundaboutness by Roger W. Garrison

An Overlooked Scenario of “Reswitching” in the Austrian Structure of Production by Er’el Granot

An Empirical Investigation of Paradoxes: Reswitching and Reverse Capital Deepening in Capital Theory by Zonghie Han and Bertram Schefold

Substance and Semantics: The Question of Capital by Peter Lewin and Nicolás Cachanosky

A Note on Reswitching, the Average Period of Production and the Austrian Business Cycle Theory by Saverio M. Fratini

Re-switching, the average period of production and the Austrian business-cycle theory: A comment on Fratini by Peter Lewin and Nicolás Cachanosky

Reswitching and the Austrian Business Cycle Theory: A Rejoinder by Saverio M. Fratini


Internal Austrian Disputes and Alternative Theories

Time-Preference and Productivity: A Reconsideration by F. A. Hayek

The Pure Time-Preference Theory of Interest complied by Jeffrey Herbener

Unanticipated Intertemporal Change in Theories of Interest by Robert P. Murphy

A Theory of Interest by Guido Hulsmann

An Investigation of Inverted Yield Curves and Economic Downturns by Paul F. Cwik

Deep Stuff About Time Preference by Smiling Dave

Time Preference Theory of Interest and Its Critics by Jeffrey M. Herbener

Interest: In Defense of Mises by J. Patrick Gunning

Rothbard's Time Market and the Demand for Present Goods by Patrick Newman

A Brief Defense of Mises’s Conception of Time Preference and His Pure Time Preference Theory of Interest by G.P. Manish

Comment on “A Note on Two Erroneous Ways of Defending the PTPT of Interest” by Jeffrey Herbener