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Nicolai Foss on Austrian Capital Theory

2 comments

Written lecture here and some background here.

Written by Sinclair Davidson

August 3rd, 2012 at 12:22 pm

Posted in Uncategorized

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2 Responses to 'Nicolai Foss on Austrian Capital Theory'

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  1. I was thinking about putting that up but decided that would only make me look like a pretentious nerd. Professors can get away with that of course.

    Some of the things that he pointed out in connection with the complexity of real-world processes (compared with the macro aggregates) are the role of the entreprenneur and the problems of coordination. Compare the gant chart with the production function.

    We can look forward to the next book by Foss and his colleague Pete Klein titled “The Gant Chart and the Cobb Douglas Production Function” in the genre of “The Lotus and the Robot” by Arthur Koestler and “The Lexus and the Olive Tree”.

    Poor Old Rafe

    3 Aug 12 at 12:57 pm

  2. At least there’s one productive ACT.

    Lysander Spooner

    3 Aug 12 at 2:25 pm

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