An Essay on Capital

able affairs aggregate alternative approach aspect backward-looking Böhm-Bawerk Böhm-Bawerkian capi capital measurement capital stock capital theory capitalistic production chapter concept of capital considered consumed consumption cost measure Crusoe Crusoe's decision maker decision-making definite discussion Dorfman duction envisaged essay ex ante exist fact factor of production flow inputs forward-looking measure fund future output given gross output Haavelmo Hayek heterogeneity Hicks homogeneous individual interest intermediate investment involved Knight labor looking machines market economy market prices market process market value measure capital measure of capital merely multi-period plan nomic notion objection observer oven particular past sacrifices period of production physical things point of view possession possible present problem process of production production function production plans production process prospective quantity of capital relevant represent result stages stock of capital stock of tangible STOCKS AND FLOWS tangible things technological theory of capital tion waiting writers yield