TY - JOUR
T1 - Capital Theory and the Process of Inter-Temporal Coordination
T2 - The Austrian Contribution to the Theory of Economic Growth
AU - Manish, G. P.
AU - Powell, Benjamin
PY - 2014/6
Y1 - 2014/6
N2 - Appreciation of the necessity of the inter-temporal coordination of heterogeneous capital goods is the chief contribution of Austrian economics to the theory of economic growth. Austrian theory illustrates why an institutional environment of freely formed prices predicated on private property is essential for economic growth. This leads Austrians to have a unique take on Solow growth theory, the financing gap model, national economic planning, and aggregative development measures.
AB - Appreciation of the necessity of the inter-temporal coordination of heterogeneous capital goods is the chief contribution of Austrian economics to the theory of economic growth. Austrian theory illustrates why an institutional environment of freely formed prices predicated on private property is essential for economic growth. This leads Austrians to have a unique take on Solow growth theory, the financing gap model, national economic planning, and aggregative development measures.
KW - Austrian economics
KW - Economic development
KW - Economic growth
UR - http://www.scopus.com/inward/record.url?scp=84901975786&partnerID=8YFLogxK
U2 - 10.1007/s11293-014-9404-8
DO - 10.1007/s11293-014-9404-8
M3 - Article
AN - SCOPUS:84901975786
SN - 0197-4254
VL - 42
SP - 133
EP - 142
JO - Atlantic Economic Journal
JF - Atlantic Economic Journal
IS - 2
ER -