Appendix II

APPENDIX II A POSTSCRIPT ON THE CONCEPT OF CAPITAL

To form concepts correctly, one must not ignore the requirement that the concepts of a nomological science can only be meaningful in respect to the statements making use of these concepts; that is, in respect to the formulation of laws. One easily gives in to the temptation of incorporating apparent similarities in one concept. Yet, when this concept is then to be applied, it becomes clear how little science can use it.

Literature

LITERATURE

1. General. The following bibliography is limited to the most important writings from which I have set out. In all parts of this book a dependency on the works of the Austrian School of economics and those foreign-language writings that have been influenced by the Austrians or are close to them can be seen. In addition to Eugen von Böhm-Bawerk, above all William Stanley Jevons and Knut Wicksell have determined the general orientation of my investigations.

Index

INDEX

(Prepared by Richard Perry)

Akerman, G., 29, 165

Amonn, Alfred, 167

Austrian School of economics, vii-xvi, xxiv

Bauer, Otto, ix

Böhm-Bawerk, Eugen von, viii, xi, xii, xviin, 1, 3–4, 16n, 165, 167

Business cycle, xix, xxiii

contraction, 137–48

course of, 158–60

crises recurrence, 151–57

expansion, 148–50

intervention, 151–57

Back

image

The Transformation of the American Economy 1865-1914

The Transformation of the American Economy 1865-1914

The Transformation of the American Economy 1865–1914

THE TRANSFORMATION
OF THE AMERICAN ECONOMY,
1865-1914

AN ESSAY IN INTERPRETATION

Title Page

image

THE
TRANSFORMATION
OF THE
AMERICAN
ECONOMY,
1865-1914

AN ESSAY IN INTERPRETATION

image

ROBERT HIGGS

UNIVERSITY OF WASHINGTON

LvMI

MISES INSTITUTE

Dedication

TO DAYL AND MATTHEW
With Love

Copyright Page

image

Copyright © 1971 by John Wiley & Sons, Inc.
Preface to 2011 Edition Copyright © 2011 by the Ludwig von Mises Institute

This reprint is published under the Creative Commons Attribution License 3.0.

Ludwig von Mises Institute
518 West Magnolia Avenue
Auburn, Alabama 36832 U.S.A.
mises.org

ISBN 978-1-61016-240-1

Preface to the 2011 Edition

image