Lachmann on Capital
Capital and Its Structure, by Ludwig Lachmann (1956), in full text PDF with nav links.
There can be few economists who do not use the word 'capital' almost every day of their working lives. But apart from some notable exceptions, economists have ceased to ask fundamental questions about capital. It is pertinent to enquire why this has happened. It would seem that there are three major reasons to account for this curious neglect. In the first place, many economists have evidently come to believe that we do not require the conceptual framework of a theory of capital in order to discuss problems germane to capital, or at least those problems in which practical interest has of late been greatest, such as investment. In other words, the view appears to have gained ground that a theory of capital is not really necessary.
Comments (8)
Black Bloke
Why is this file so big? 11MBs…
Published: January 26, 2007 12:11 PM
jeffrey
That's not that big. It's a graphics file with text underneath, images plus data.
Published: January 26, 2007 12:27 PM
Daniel J. D'Amico
AWSOME!!!
Published: January 26, 2007 1:50 PM
jeffrey
Ok, file size reduced (he said sheepishly after a seemingly arrogant display of geekiness).
Published: January 26, 2007 4:18 PM
Black Bloke
Thanks for the size reduction jeffery. I was looking at my other Mises .pdf downloads and I guess I just never really took notice of the size of them before. I have prof. Reisman's Capitalism: A Treatise on Economics on my desktop and Finder reports that book as being 14.7MB. Now that book is enormous as we all know; 1100 pages, 576x792… and comparing it to the Lachmann book at 10.9MB; 138 pages, 411x641. I guess the OCR machine must really do a number on things.
Even though I already downloaded the original, thanks again.
Published: January 26, 2007 5:02 PM
Sécessionniste
Very good book, but the LibertyFund provided this ebook already for free.
Published: January 27, 2007 4:25 AM
Sécessionniste
Here is the link, it's just 1,2 MB.
http://oll.libertyfund.org/EBooks/Lachmann_0720.pdf
Published: January 27, 2007 4:27 AM
jeffrey
Secess, thanks for that but it's a pure data file, generated from the html itself. The one on mises.org is a 300 dpi scan of the original.
Published: January 27, 2007 6:26 AM