Capital and Finance: Theory and History

This book is the first to apply finance to capital theory, including modern financial tools like EVA®. It discusses the dual meaning of capital and its implications for business-cycle theories, providing a solid financial microeconomic foundation for analyzing business cycles. It also offers a new perspective and analysis of capital theory and other related topics, with policy implications and contributions to contemporary economic theory.

Format: Paperback / softback
Length: 162 pages
Publication date: 29 April 2022
Publisher: Taylor & Francis Ltd

This groundbreaking book delves into the realm of finance, applying its principles to the field of capital theory. While financial economics is a well-established discipline, the specific application of finance to capital theory remains relatively unexplored. Here, we embark on a comprehensive exploration, unearthing the intricate connections between these two domains. This pioneering work is the first to delve into this financial application, encompassing modern financial tools like Economic Value Added (EVA®).

Within the pages of this book, two interconnected discussions emerge. The first delves into the dual nature of capital, encompassing both its monetary and physical aspects. It sheds light on the profound implications of this duality for business-cycle theories. The second discussion revolves around the profound impact of capital on the average period of production. By clarifying this enigmatic concept, the authors facilitate a clearer analysis of the similarities and differences between various business-cycle theories across this critical dimension.

By bridging the gap between finance and capital theory, this book offers a fresh perspective and insightful analysis of long-standing problems within capital theory and related fields. It also explores the use of neoclassical production functions and the theorization of business cycles. Importantly, the authors emphasize that the relevance of their application lies not only in its policy implications but also in its contributions to contemporary economic theory.

This groundbreaking work is a testament to the power of interdisciplinary research, paving the way for new insights and understanding in the complex world of finance and capital theory. It is a valuable resource for scholars, researchers, and practitioners alike, as it sheds light on the intricate relationships between these two fields and their profound implications for our understanding of economic dynamics.

Dimension: 234 x 156 (mm)
ISBN-13: 9780367514556