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513 books · 17,053 segments · 384 taxonomy tags

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Technischer Fortschritt und Überkapazität

2016

by Hayek

[Introduction: The Role of the Economist and the Problem of Technical Progress]: Hayek introduces the topic of technical progress and overcapacity, arguing that economists have a duty to examine the fundamental ideas sha...

Economic PolicyideologyInnovationCompetitionConsumer SovereigntyEconomic CalculationEntrepreneurshipPlanned EconomyInvestmentMonopolyCapital TheoryDepreciationResource Allocationeconomic efficiencyFactors of ProductionOpportunity CostScarcityEconomies of ScaleMonopolistic CompetitionBusiness CyclesEconomic HistoryLaissez-faireRationality

Table of Contents · 8 segments

1
Introduction: The Role of the Economist and the Problem of Technical Progressessay
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2
Central Planning vs. Competition: The Knowledge Problemessay
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3
The Introduction of Inventions and the Role of Monopoliesessay
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4
Economic Logic of Replacing Old Capital: Automobile vs. Railwayessay
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5
The Fallacy of Capital Preservation and Social Utilityessay
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6
Imperfect Competition, Product Differentiation, and Standardizationessay
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7
Capital Scarcity and the Misinterpretation of Overcapacityessay
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8
Conclusion: The Engineer's Fallacy and the Academic's Dutyessay
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