27 de Mayo de 2010
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Cita económica del 27-V-2010
We join those writers who have deplored the long-standing, almost traditional, tendency to see capital theory as a mere adjunct to the theory of interest. Interest rates represent merely one particular kind of price –the intertemporal price– that is determined, along with all the other market participants. Of course capital theory is involved. But capital theory is required in order to understand the current market price for shoes, just as much as it is required in order to understand the ratio between the future price of shoes and the current prices.
Israel Kirzner, Essays on Capital and Interest: An Austrian perspective, An essay on capital, 1966, p. 47
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