Time is basic in Hayek's concept of economic activity and the role of capital. Production occurs over time. The price system is in part an intertemporal valuing system.


Hayek's Journey: The Mind of Friedrich Hayek (2003) - Ch. 5 : Money and Capital

Alan O. Ebenstein Quotes

Time is basic in Hayek's concept of economic activity and the role of capital. Production occurs over time. The price system is in part an...

Time is basic in Hayek's concept of economic activity and the role of capital. Production occurs over time. The price system is in part an...

Time is basic in Hayek's concept of economic activity and the role of capital. Production occurs over time. The price system is in part an...

Time is basic in Hayek's concept of economic activity and the role of capital. Production occurs over time. The price system is in part an...