New book connects finance and capital theory, revolutionizing business-cycle analysis!
The book "Capital and Finance: Theory and History" explores how finance can be applied to capital theory, a concept that hasn't been fully explored before. By connecting finance with capital theory, the authors provide new insights into long-standing problems in economics. They clarify the concept of average period of production and show how it can be used to analyze business cycles. This financial approach offers a fresh perspective on economic theories and has important implications for policy-making.