Capital and Production

Very few classic works on capital and business cycles in the Austrian tradition have been translated from the original German. Now Strigl's important contribution to Austrian capital theory is brought to the English-speaking world for the first time. The book links Eugen von Böhm-Bawerk's production theory and Mises's business cycle theory, and gives a pathbreaking account of the role of consumers' goods within the structure of production.

Translated by Hans-Hermann Hoppe, with an extended introduction by Jörg Guido Hülsmann, Capital and Production is the essential foundation, both in theory and in the history of thought, to Austrian macroeconomics.