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Capital Theory and the Process of Inter-Temporal Coordination: The Austrian Contribution to the Theory of Economic Growth

机译:资本理论与跨时期协调过程:奥地利对经济增长理论的贡献

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摘要

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.
机译:奥地利资本主义经济学对经济增长理论的主要贡献是对异质资本产品的时间跨度协调的必要性的认识。奥地利的理论说明了为什么以私有财产为基础的自由形成价格的制度环境对于经济​​增长至关重要。这使奥地利人对索洛增长理论,融资缺口模型,国家经济计划和总体发展措施有着独特的见解。

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