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First published 2026

Capital and Capitalism: The Role of Economic Calculation in the Market Economy

Capital and Capitalism: The Role of Economic Calculation in the Market Economy by Eduard Braun is available as a free PDF download at freecapitalists.org, licensed under Creative Commons Attribution 4.0.

Author
Eduard Braun
First published
2026
Format
PDF
Pages
172
ISBN
978-1-003-50104-6
Publisher
Abingdon and New York: Routledge, 2026 (open access)
License
Creative Commons Attribution 4.0

Eduard Braun builds a theory of capital that is at the same time a theory of capitalism. Drawing on the Historical and Institutional Schools, Carl Menger and Ludwig von Mises, he argues that capital is best understood through the institutions of economic calculation that organise the allocation and distribution of resources in a market economy.

He contends that proposals to reform those institutions make little sense when they rest on a theory of capital that ignores them. The book is part of the Routledge Frontiers of Political Economy series and is published open access.

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172 pages in the edition this archive serves.
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