Capital in Disequilibrium

Capital in Disequilibrium

The Role of Capital in A Changing World

eBook - 1999
Rate this:
& Francis Publishing

Drawing on the work of the Austrian School and its heirs, Capital in Disequilibrium develops a modern, systematic version of capital theory in order to suggest a new approach to the subject of economics. Original and provocative in his reflection, Lewin offers both a new approach and an accessible discussion of one of the most important, but also one of the most difficult, areas in economics.

Book News
In light of the failure of traditional macroeconomics to explain unemployment, economic development, and productivity, draws on the work of the Austrian School to develop a revised, systematic version of capital theory in order to suggest a new approach to economics. Lewin (economics and finance, U. of Texas-Dallas) argues that approaches based on equilibrium constructs ignore the crucial role of technological innovation in markets, and proposes instead that economic theory proceed from the assumption of disequilibrium. He applies the approach to human capital, business cycles, and the economics of institutions. Annotation c. Book News, Inc., Portland, OR (

Publisher: London ; New York : Routledge, 1999
ISBN: 9780203280331
Characteristics: 1 online resource (ix, 255 pages)
data file,rda


From the critics

Community Activity


Add a Comment

There are no comments for this title yet.

Age Suitability

Add Age Suitability

There are no age suitabilities for this title yet.


Add a Summary

There are no summaries for this title yet.


Add Notices

There are no notices for this title yet.


Add a Quote

There are no quotes for this title yet.

Explore Further

Subject Headings


Find it at NPL

To Top