"Hicks elaborated the concept of temporary equilibrium, perhaps the most original contribution of "Value and Capital", following the path laid down by Hayek and the Swedish school."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Bruna Ingrao and Giorgio Israel, in The Invisible Hand : Economic Equilibrium in the History of Science (1990), p. 239
https://en.wikiquote.org/wiki/Prices_and_Production
Revision History
No revisions have been submitted for this quote.
Categories
Prices and Production
Prices and Production is a 1931 book written by Friedrich Hayek. In 1935, It was revised.
25 quotes on TrueQuotesView all quotes by Prices and Production →
Related Quotes
"I will be discussing what happened in economics in England, but these were times when, to a very considerable extent,…"
"For all his brilliance, Hayek didn’t — at the critical time — have a good enough understanding of the dangers of defl…"
"Hayek's point was that, in the short run, increase in the demand for consumer goods can redirect production from long…"
"Let me emphasize, I am an enormous admirer of Hayek, but not for his economics. I think Prices and Production is a ve…"
""I can date my own personal 'revolution' rather exactly to May or June 1933. It was like this. It began … with Hayek.…"
"I remember Robbins asking me if I could turn the Hayek model into mathematics … it began to dawn on me that … the mod…"
"It was from Hayek that I began."
"It is not so well known that it [Keynes's and my own move from thinking in terms of price-levels and the rate of inte…"
"Hayek was making us think of the productive process as a process in time, inputs coming before outputs."
"While the more naive forms of inflationism are sufficiently discredited today not to do much harm in the near future,…"