Capital and Capitalism | The Role of Economic Calculation in the Market Economy
Idioma: inglés
Editorial: Routledge, 2026
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Librería: preigu, Osnabrück, Alemaniapreigu
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Capital and Capitalism | The Role of Economic Calculation in the Market Economy | Eduard Braun | Buch | Einband - fest (Hardcover) | Englisch | 2026 | Routledge | EAN 9781032802671 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu Print on Demand.
N° de ref. del artículo 134557242
- Título
- Capital and Capitalism | The Role of Economic Calculation in the Market Economy
- Autor
- Eduard Braun
- Editorial
- Routledge
- Año de publicación
- 2026
- Estado
- Neu
- Encuadernación
- Buch
- Idioma
- inglés
- ISBN 10
- 1032802677
- ISBN 13
- 9781032802671
- Peso del artículo
- 429 gramos
- Dimensiones
- 240 x 161 x 14 mm
- Catálogos de vendedores
- Bücher
Capitalism is an economic system where almost all production and trade activities are organised by enterprises whose purpose is to maximise the return on the capital that has been invested in them. Economists, however, have almost universally defined capital in a way that makes it impossible for them to analyse important practical and societal aspects of the economic calculations of capital-based enterprises in capitalism.
In contrast, this book develops a theory of capital that is, at the same time, a theory of capitalism. Based on the definition of capital provided by the Historical and Institutional Schools, and later developed by Carl Menger and Ludwig von Mises, the theory of capital in this book takes account of the term “capital” as understood and used in actual business life. A theory of capital that is successful in explaining the rationale of economic calculations of profit-oriented enterprises in the market economy will necessarily also explain how the societal production process is organised in capitalism. Starting from the positive analysis of capital and capitalism, the book discusses the fair value and shareholder value revolutions of recent decades. These approaches, sometimes summarised under the label of “value-orientation,” have introduced theoretical neoclassical equilibrium concepts into the practice of enterprises in capitalism. The book argues that this has led to paradoxical and unsustainable results. It does not make sense to reform the institutions of economic calculation on the basis of a theory that does not, in any significant way, deal with these institutions.
The book will be of great interest to readers in the areas of Austrian economics, institutional economics, history of economic thought, varieties of capitalism, and financial accounting.
The Open Access version of this book, available at http://www.taylorfrancis.com, has been made available under a Creative Commons Attribution (CC-BY) 4.0 International license.
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Acerca del autor
Eduard Braun holds a PhD from the University of Angers (France) and is an associate professor of economics at Clausthal University of Technology (Germany). He has published numerous peer-reviewed articles on financial accounting and the economic theory of capital. His interdisciplinary research combines insights from the Austrian and Institutionalist Schools of economics to better understand the institutions that are fundamental to capitalist societies. A key aim of his work is to ground the theory of capital in the realities of business life, moving beyond abstract concepts and models.
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preigu
Osnabrück, Alemania
Vendedor de IberLibro desde 5 de agosto de 2024
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