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The Hayek/Knight Capital Controversy: The Irrelevance of Roundaboutness, or Purging Processes in Time?

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The Hayek/Knight Capital Controversy: The Irrelevance of Roundaboutness, or Purging Processes in Time?
Author(s)Cohen, Avi J.
AbstractFriedrich A.von Hayek and Frank Knight controversy over capital theory is reviewed chronologically. Knight emphasizes capital as homogeneous, malleable, and permanent. In contrast, Hayek emphasizes capital as heterogeneous, specific capital goods.
IssueNo3
Pages469-490
ArticleAccess to Article
SourceHistory of Political Economy
VolumeNo35
PubDateFall2003
ISBN_ISSN0018-2702


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