The Pure Theory Of Capital By: Friedrich A . Hayek Published: 1950 F. A. Hayek (1899–1992), recipient of the Medal of Freedom in 1991 and co-winner of the Nobel Memorial Prize in Economic Sciences in 1974, was a pioneer in monetary theory and one of the principal proponents of classical liberal thought in the twentieth century. The Pure Theory of Capital offers a detailed account of the equilibrium relationships between inputs and outputs in a time-filled economy. Hayek's stated objective was to make capital theory—which had previously been devoted almost entirely to the explanation of interest rates—"useful for the analysis of the monetary phenomena of the real world." His ambitious goal was nothing less than to develop a capital theory that could be fully integrated into business cycle theory" Condition: Very good Hardcover very good condition on original publisher' blue cloth with poorly original dust jacket. Interior and exterior clean & tight binding. 454 pages, dimension: 22.5 x 15.0 cm. Photos supplement descriptions. "Please View & Used the photos for Part of Description & Further Condition Details"!!! Ship tracked & Insured.