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zwoschen Geld und Kapitalit, Zeitschrift fur Nationalokonomie, vol. 1, 1929, pp. 387 - 429, translated by Nicholas Kaldor and Georg Tugendhat as "The Paradox of Saving "in Economica, vol. 11, 1931, pp. 125 - 169, reprinted inProfits, Interest and Investment (London: Routledge, 1939; reprinted, Clifton,
N.J.: Augustus M. Kelley, 1969), pp. 199 - 263 - it. It.]. But I have considered these
Works, no less than critical responses to them which have been written as though
On a prize on the most spiteful criticism, so unsatisfactory, as well as Results of empirical works of Mitchell as they lifted more
Questions, than gave answers. All it pushed me back to Vikselju without delay
And Mizesu, also has induced me to attempt to develop on the base mortgaged by them
Quite explicit analysis of consecutive stages of a business cycle, in which
All of us then still trusted. I was taken by this work the large part of those seven years,
Which I have conducted in Vienna after returning from America. When I have considered that
The decision already at me in hands, I have taken courage to publish a short sketch under
Name Prices and Production [F.A. Hayek, Prices and Production (London:
Routledge AND Sons, 1931; second revised edition, London: Routledge AND Kegan
Paul, 1935 - it. It.]. But soon I have realised that the capital theory, on Which I leant, represents overworkly simplified design for
The grandiose superstructure planned by me. As a result the following large part
Decades I have devoted to development of more adequate theory of the capital. I am afraid that
Till now this part of an economic theory is represented to me least
The developed. However, I have already reached time which has been taken away on this lecture.
About second half 20th years especially it is not necessary to speak. Can be because of
That I was the head of the research institute attending to studying
Business cycle, it seems to me that in the centre of the general attention there was a boom in the USA and
Guessings about that, how many it will last. Reparation payments and a problem
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