Time, Space and Capital - New Horizons in Institutional and Evolutionary Economics

In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains - infrastructural capital such as institutions, public knowledge, and networks - can help explain the long-term development of cities and nations. This is a crucial book for spatial and institutional economists and anyone working outside the neoclassical mainstream. Academics and students of economic history, urban and regional planning, and economic sociology will also find it an illuminating and accessible exploration of time, space and capital

ISBN:	9781783470877
Publisher:	Edward Elgar Publishing
Imprint:	Edward Elgar Publishing
Published date:	31 Jul 2017
DEWEY:	332.041
DEWEY edition:	23
Language:	English
Number of pages:	vii, 304
Weight:	-1g
Height:	234mm
Width:	156mm

Write a review

Your Name:

Your Review: Note: HTML is not translated!

Rating: Bad           Good

Enter the code in the box below: