A RETROSPECTIVE LOOK AT “THE HAYEK STORY”: ROUNDABOUTNESS, STICKY CONSUMPTION, AND SEQUESTERED CAPITAL https://t.co/bpnQ44kT8u
20,590 followers
20,590 followers
"A Retrospective Look At “The Hayek Story”: Roundaboutness, Sticky Consumption, And Sequestered Capital" https://t.co/bpnQ44kT8u
20,590 followers
We suggest augmenting the canonical Mengerian model of stages of production found in a Bohm-Mises-Hayek cycle theory with a sequestered-capital stage where products are invented, productized & inventoried prior to launch, uncoordinated by observable pr
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RT @economicthought: Article: A Retrospective look at “The Hayek Story”: Roundaboutness, sticky consumption, and sequestred capital, by Jam…