Austrian Capital Theory

Guriy Borodkin; Walter E. Block

doi:10.52195/pm.v23i2.1950

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Austrian Capital Theory

Procesos de Mercado

Volume 22 (2025): Issue 2 (December 2025)

By: Guriy Borodkin and Walter E. Block

Open Access

|May 2026

Abstract

Capital theory is at the very foundation of Austrian economics. It is no exaggeration to say that, since it lies as a precursor to the Austrian Business Cycle Theory, interest rates, monetary theory, all integral to the perspective of this school of thought. The present paper is an attempt to clarify this crucially important tool of analysis for Austrian economics.

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Articles in this issue

DOI: https://doi.org/10.52195/pm.v23i2.1950 | Journal eISSN: 1697-6797

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Language: Spanish, English

Page range: 117 - 144

Submitted on: Feb 25, 2025

Accepted on: Jun 16, 2025

Published on: May 29, 2026

Published by: Unión Editorial S.A. in collaboration with the Faculty of Economics and Entrepreneurial Sciences of Universidad Rey Juan Carlos of Madrid

In partnership with: Paradigm Publishing Services

Keywords:

Capital goods,

homogeneity,

heterogeneity,

structure of production,

triangle,

Austrian Business Cycle Theory,

interest rates

JEL:

E14

Related subjects:

Business and economics,

Political economics,

Economic theory, systems and structures,

Economic policy,

History of economics,

Political economics, other

© 2026 Guriy Borodkin, Walter E. Block, published by Unión Editorial S.A. in collaboration with the Faculty of Economics and Entrepreneurial Sciences of Universidad Rey Juan Carlos of Madrid
This work is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 License.

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