Time, space and capital
Author(s)
Bibliographic Information
Time, space and capital
（New horizons in institutional and evolutionary economics）
Edward Elgar, c2017
- : cased
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Note
Includes bibliographical references (p. 277-296) and indexes
Description and Table of Contents
Description
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
Table of Contents
Contents: 1. Time and Space-An Introduction 2. Time and Capital in Economic Doctrines 3. Space in Economic Analysis-From Discrete to Two-dimensional Continuous Theory 4. Dynamic Theories and Models-Problems and Creative Potential 5. Time in the Microeconomics of Consumption 6. Durability, Duration of Production, Growth, and Location 7. Expectations, Capital, and Entrepreneurship 8. A General Theory of Infrastructure and Economic Development 9. The Role of the Transport Infrastructure in the First Logistical Revolution 10. Institutional Infrastructure and Economic Games 11. Real Estate Capital 12. Re-conceptualizing Social Capital 13. Creative Knowledge Capital 14. Looking Ahead Index
by "Nielsen BookData"