The common interpretation of Carl Menger's take on capital theory rests upon a few sentences in his Principles of Economics. His later monograph on the topic, Zur Theorie des Kapitals (A contribution to the theory of capital), is more or less ignored, although it must be seen as a recantation of...

Before economists and sociologists came up with their own definitions of the term "capital", it was commonly understood as money invested in businesses by their owners or shareholders, and it continues to be understood this way in everyday business practice. In a recent article, Geoffrey Hodgson...

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...

Der Ausschuss für die Geschichte der Wirtschaftswissenschaften hatte sich bereits 1981 mit dem Kameralismus und Merkantilismus beschäftigt. In den folgenden 37 Jahren ist die theoriegeschichtliche Forschung in diesem Feld vorangeschritten und so war es an der Zeit, sich erneut dieser Thematik...