Description
In this challenging book, the authors demonstrate that economists tend to misunderstand capital. Frank Knight was an exception, as he argued that because all resources are more or less durable and have uncertain future uses they can consequently be classed as capital. Thus, capital rather than labor is the real source of creativity, innovation, and accumulation. But capital is also a phenomenon in time and in space. Offering a new and path-breaking theory, they show how durable capital with large spatial domains - infrastructural capital such as institutions, public knowledge, and networks - can help explain the long-term development of cities and nations.
About the Author
Ake E. Andersson, Emeritus Professor of Economics, Department of Economics, Finance and Statistics, Joenkoeping International Business School, Joenkoeping, Sweden and Emeritus Professor of Infrastructural Economics, Royal Institute of Technology, Stockholm, Sweden and David Emanuel Andersson, Senior Lecturer in Economics, Centre of Commerce and Management, RMIT University, Hanoi, Vietnam
Reviews
'I have found this book very stimulating. The interpretative framework proposed by the authors is useful and realistic, and the effort to re-interpret many economic theories challenging.' -- Francesca Gambarotto, History of Economic Thought and Policy
'I received your book and have already started reading it. It is magnificent! Bravo on this publication which I will continue reading with great pleasure.'
'I like books that have a mixture of the traditional and the modern and this has it in just about every chapter - Adam Smith alongside ideas from modern physics. I enjoyed it very much.' -- W. Brian Arthur, Santa Fe Institute, US
Book Information
ISBN 9781783470877
Author Ake E. Andersson
Format Hardback
Page Count 320
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
This is a crucial book for spatial and institutional economists and anyone working outside the neoclassical mainstream. Academics and students of economic history, urban and regional planning, and economic sociology will also find it an illuminating and accessible exploration of time, space and capital.
About the Author
Ake E. Andersson, Emeritus Professor of Economics, Department of Economics, Finance and Statistics, Joenkoeping International Business School, Joenkoeping, Sweden and Emeritus Professor of Infrastructural Economics, Royal Institute of Technology, Stockholm, Sweden and David Emanuel Andersson, Senior Lecturer in Economics, Centre of Commerce and Management, RMIT University, Hanoi, Vietnam
Reviews
'I have found this book very stimulating. The interpretative framework proposed by the authors is useful and realistic, and the effort to re-interpret many economic theories challenging.' -- Francesca Gambarotto, History of Economic Thought and Policy
'I received your book and have already started reading it. It is magnificent! Bravo on this publication which I will continue reading with great pleasure.'
'I like books that have a mixture of the traditional and the modern and this has it in just about every chapter - Adam Smith alongside ideas from modern physics. I enjoyed it very much.' -- W. Brian Arthur, Santa Fe Institute, US
Book Information
ISBN 9781783470877
Author Ake E. Andersson
Format Hardback
Page Count 320
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
