Abstract
Oskar Morgenstern contributed with his paper “Zur Theorie der Produktion s pe node” (On the Theory of the Production Period) [1935] to the great controversy in the theory of capital in the thirties. In this article he perhaps made the most convincing criticism of this central concept of Austrian capital theory. He thus was partly responsible for the Austrian capital theory’s fall into oblivion for about thirty years at the end of the thirties.
We are grateful to PETER BERNHOLZ, FRIEDRICH BREYER, AILSA GRUBER, JOHANN IRSIGLER, GERHARD MAIER, MANFRED NERMUTH, GERHARD ORDSEL and GUNTER STEPHAN for critical comments (while remaining responsible for any remaining error) and to the Deutsche Forschungsgemeinschaft for financial support.
Reprinted from: M.DEISTXER, E.FÜRST and G.SCHWÖDIAUER (Eds.), Games, Economic Dynamics, and Time Series Analysis, 1982, Physica-Verlag, Wien, Würzburg. This volume contains papers held at a symposium in memoriam OSKAR MORGENSTERN.
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Reiss, W., Faber, M. (1986). Own Rates of Interest in a General Multisector Model of Capital. In: Faber, M. (eds) Studies in Austrian Capital Theory, Investment and Time. Lecture Notes in Economics and Mathematical Systems, vol 277. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-51701-3_7
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