Capital And Its Structure

To M.L.

This edition is published in cooperation with the programs of the Institute for Humane Studies, Inc., Menlo Park, California; and Cato Institute, San Francisco, California.

Capital and Its Structure Copyright © 1978 by the Institute for Humane Studies.

Jacket and cover design copyright © 1978 by Cato Institute, San Francisco.

The original edition of Capital and Its Structure was published by Bell & Sons, Ltd., on behalf of the London School of Economics and Political Science in 1956.

All rights reserved. Printed in the United States of America. No part of this book may be used or reproduced in any manner whatsoever without written permission except in the case of reprints in the context of reviews. For information write Sheed Andrews and McMeel, Inc., 6700 Squibb Road, Mission, Kansas 66202.

Library of Congress Cataloging in Publication Data

Lachmann, Ludwig M.

Capital and its structure.

(Studies in economic theory)

Includes bibliographical references and index.

1. Capital. I. Title. II. Series.

HB501.L223 1978 332’.041 77-82807

ISBN 0-8362-0740-8

ISBN 0-8362-0741-6 pbk.

Lachmann, Ludwig M