[dorianb0620]

Hello. I have one question. I would be very grateful if you could help me. I am currently reading The Pure Theory of Capital by Hayek. Though the book seems to offer a wealth of useful knowledge, I am having great difficulty clearly understanding it. Can you please recommend me some books to read as a preliminary to the Pure Theory of Capital (or any other books on the topic explained much more lucidly) that can lead me down the road to successfully mastering the concept? Thank you. The problem of capital has been one of the most difficult subjects during my studies of Economics, but I am determined to gain as much information on the concept as possible.

[jmherbener]

Dorian,

The Pure Theory of Capital is notoriously difficult. I would recommend you read the sections on production in Murray Rothbards’s, Man, Economy, and State. The relevant chapters are 5-9.

http://library.mises.org/books/Murray%20N%20Rothbard/Man,%20Economy,%20and%20State,%20with%20Power%20and%20Market.pdf

Then tackle, Hayek’s, Prices and Production and Other Works, edited by Joe Salerno.

http://library.mises.org/books/Friedrich%20A%20Hayek/Prices%20and%20Production.pdf

Then give Pure Theory of Capital another try.

http://library.mises.org/books/Friedrich%20A%20Hayek/Pure%20Theory%20of%20Capital.pdf

[dorianb0620]

Thank you very much…

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