The classical roots of the Austrian theory of capital and entrepreneurship
The paper deals with the continuities and discontinuities between some classical, Austrian and neo-Austrian authors with regard first to the theory of capital and then to the theory of entrepreneurship. Part I focuses on the elements of continuity between the classical and the Austrian theory of cap...
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| Format: | Article |
| Language: | English |
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Springer US
2018
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| Online Access: | http://eprints.intimal.edu.my/1162/ http://eprints.intimal.edu.my/1162/1/The%20Classical%20Roots%20-%20Accepted%20Manuscript.pdf |
| _version_ | 1848766662652723200 |
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| author | Meacci, Ferdinando Ferlito, Carmelo |
| author_facet | Meacci, Ferdinando Ferlito, Carmelo |
| author_sort | Meacci, Ferdinando |
| building | INTI Institutional Repository |
| collection | Online Access |
| description | The paper deals with the continuities and discontinuities between some classical, Austrian and neo-Austrian authors with regard first to the theory of capital and then to the theory of entrepreneurship. Part I focuses on the elements of continuity between the classical and the Austrian theory of capital. These elements have been singled out by dealing first with the distinction between individual and national capital; and then with the difference between the resulting circulating-fixed capital and free-invested capital distinctions in the light, first, of the concept of roundaboutness and, then, of the method of vertical integration. Part II focuses on the elements of continuity between the Austrian theory of individual behaviour and the classical theory of national wealth. The distinctions between logical and historical time and between economics of time and economics in time are used to assess the links between the theory of capital as developed by the classics and Böhm-Bawerk, on the one hand, and the theory of entrepreneurship as developed by the neo-Austrians, on the other. |
| first_indexed | 2025-11-14T11:54:43Z |
| format | Article |
| id | intimal-1162 |
| institution | INTI International University |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T11:54:43Z |
| publishDate | 2018 |
| publisher | Springer US |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | intimal-11622018-10-15T09:49:42Z http://eprints.intimal.edu.my/1162/ The classical roots of the Austrian theory of capital and entrepreneurship Meacci, Ferdinando Ferlito, Carmelo HB Economic Theory HC Economic History and Conditions HF Commerce The paper deals with the continuities and discontinuities between some classical, Austrian and neo-Austrian authors with regard first to the theory of capital and then to the theory of entrepreneurship. Part I focuses on the elements of continuity between the classical and the Austrian theory of capital. These elements have been singled out by dealing first with the distinction between individual and national capital; and then with the difference between the resulting circulating-fixed capital and free-invested capital distinctions in the light, first, of the concept of roundaboutness and, then, of the method of vertical integration. Part II focuses on the elements of continuity between the Austrian theory of individual behaviour and the classical theory of national wealth. The distinctions between logical and historical time and between economics of time and economics in time are used to assess the links between the theory of capital as developed by the classics and Böhm-Bawerk, on the one hand, and the theory of entrepreneurship as developed by the neo-Austrians, on the other. Springer US 2018-09-01 Article PeerReviewed text en http://eprints.intimal.edu.my/1162/1/The%20Classical%20Roots%20-%20Accepted%20Manuscript.pdf Meacci, Ferdinando and Ferlito, Carmelo (2018) The classical roots of the Austrian theory of capital and entrepreneurship. The Review of Austrian Economics, 31 (84). pp. 315-339. ISSN 1573-7128 (Online) |
| spellingShingle | HB Economic Theory HC Economic History and Conditions HF Commerce Meacci, Ferdinando Ferlito, Carmelo The classical roots of the Austrian theory of capital and entrepreneurship |
| title | The classical roots of the Austrian theory of capital and entrepreneurship |
| title_full | The classical roots of the Austrian theory of capital and entrepreneurship |
| title_fullStr | The classical roots of the Austrian theory of capital and entrepreneurship |
| title_full_unstemmed | The classical roots of the Austrian theory of capital and entrepreneurship |
| title_short | The classical roots of the Austrian theory of capital and entrepreneurship |
| title_sort | classical roots of the austrian theory of capital and entrepreneurship |
| topic | HB Economic Theory HC Economic History and Conditions HF Commerce |
| url | http://eprints.intimal.edu.my/1162/ http://eprints.intimal.edu.my/1162/1/The%20Classical%20Roots%20-%20Accepted%20Manuscript.pdf |