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Ludwig von Mises's approach to capital as a bridge between Austrian and institutional economics

  • EDUARD BRAUN (a1), PETER LEWIN (a2) and NICOLÁS CACHANOSKY (a3)
Abstract
Abstract

Ludwig von Mises seems to be something of an outlier within the Austrian school when it comes to capital – though his position is clearly foreshadowed in a neglected article by Carl Menger (1888). In this paper, we examine Mises's view on capital and suggest that it constitutes a bridge between Austrian and institutional economics. As an outflow of Mises's approach, an incipient financial approach may be discerned, an approach to capital that integrates concepts from financial theory into a broader view of capital that contains both institutional and Austrian elements.

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Corresponding author
*Email: eduard.braun@tu-clausthal.de
**Email: plewin@utdallas.edu
***Email: ncachano@msudenver.edu
References
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Journal of Institutional Economics
  • ISSN: 1744-1374
  • EISSN: 1744-1382
  • URL: /core/journals/journal-of-institutional-economics
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