CONTENTS
Introduction Qorg Guido Hulsmann) vii Foreword (Richard von Strigl) xxix
Chapter 1 Capitalist Production
1. Factors of Production 1
2. Roundabout Production 2
3. The Length of Roundabout Production 6
4. Relatively Durable Factors of Production 14
5. Forms of Capital 26
Chapter 2 The Vertical and Horizontal Connectivity of Prices
1. The Price System 37
2. The Supply of Factors of Production 39
3. The Supply and Demand of Entrepreneurs. The Law of Costs 43
4. Complementary Factors of Production. The "Law of Diminishing Returns" and the Principle of Marginal Productivity. 46
5. Capital Interest and the Temporal Regulation of the Structure of Production 52
6. The Supply of Capital 61
7. The Prices of Original Factors of Production in Capitalist Production 65
8. The Principle of Substitution and the Horizontal Connectivity of Prices 76
9. Marginal Productivity and the Formation of Costs. The Static System 79
Chapter 3 Money and Capital
1. Price System and Price Level 91
2. Capital in the Form of Money Assets 94
3. Credit and Money Interest 109
4. Production Under the Impact of a Credit Expansion 120 Appendix I On the Problem of Business Cycles
1. Prenote 135
2. The Two Turning Points in the Business Cycle 137
3. Is the Recurrence of Crises Necessary? The Problem of Trade Cycle Policy. 151
4. How to Explain the Business Cycle 158
Appendix II
A Postscript on the Concept of Capital 161
Literature 165
Index 169
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