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The Pure Theory of Capital by Friedrich A. Hayek

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The complete text of The Pure Theory of Capital by Friedrich A. Hayek is free to read here, split into 36 chapters totalling 159,782 words.

Start reading: Front Matter

Chapters

  1. Front Matter172 words
  2. Analytical Table of Contents5,094 words
  3. I. The Scope of the Inquiry3,446 words
  4. II. Equilibrium Analysis and the Capital Problem5,669 words
  5. III. The Significance of Analysis in Real Terms3,980 words
  6. IV. The Relation of this Study to the Current Theories of Capital3,428 words
  7. V. The Nature of the Capital Problem5,705 words
  8. VI. The Duration of the Process of Production and the Durability of Goods: Some Definitions7,289 words
  9. VII. Capital and the "Subsistence Fund"3,657 words
  10. VIII. The Output Function and the Input Function5,220 words
  11. IX. The Continuous Process of Production4,256 words
  12. X. The Position of Durable Goods in the Investment Structure4,570 words
  13. XI. The Productivity of Investment5,474 words
  14. XII. Planning for a Constant Output Stream5,669 words
  15. XIII. Compound Interest and the Instantaneous Rate of Interest2,805 words
  16. XIV. The Marginal Productivity of Investment and the Rate of Interest4,723 words
  17. XV. Input, Output, and the Stock of Capital in Value Terms2,937 words
  18. XVI. The Marginal Value Product of Investment: The Problem of Attribution (Imputation)4,605 words
  19. XVII. Time Preference and its Effects with Constant Returns on Investment4,724 words
  20. XVIII. Time Preference and Productivity: Their Relative Importance5,746 words
  21. XIX. The General Conditions of Equilibrium7,108 words
  22. XX. The Accumulation of Capital5,652 words
  23. XXI. The Effect of the Accumulation of Capital on the Quantities Produced and on Relative Prices of Different Commodities3,059 words
  24. XXII. The Adjustment of the Capital Structure to Foreseen Changes4,399 words
  25. XXIII. The Effects of Unforeseen Changes and in Particular of Inventions5,874 words
  26. XXIV. The Mobility of Capital3,936 words
  27. XXV. "Saving", "Investment", and the "Consumption of Capital"6,178 words
  28. XXVI. Factors Affecting the Rate of Interest in the Short Run5,252 words
  29. XXVII. Long-Run Forces Affecting the Rate of Interest10,890 words
  30. XXVIII. Differences Between Interest Rates: Conclusions and Outlook5,110 words
  31. APPENDIX I. Time Preference and Productivity3,788 words
  32. APPENDIX II. The "Conversion of Circulating Capital into Fixed Captial"3,290 words
  33. APPENDIX III. "Demand for Commodities is not Demand for Labour" versus The Doctrine of "Derived Demand"2,887 words
  34. Bibliography3,000 words
  35. Index of Definitions of Some Technical Terms126 words
  36. About this edition64 words

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