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9781032802671

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“Eduard Braun provides a major service by bringing into English some important German and Austrian contributions to our understanding of capital and capitalism. From different viewpoints, economists such as Marx, Menger, Mises, Schumpeter and Sombart developed perspectives on capital and economic calculation that can help to reinvigorate economic analysis today.” Geoffrey M Hodgson, Emeritus Professor in Management at Loughborough University London. “In his penetrating essay on Capital and Capitalism, Dr Eduard Braun dissects the inner workings of modern financial markets. He brilliantly connects the dots between economic calculation, homo oeconomicus, the separation of ownership and control, and the deliberate maximisation of shareholder value.” J. G. Hülsmann, Professor at the Université d'Angers.

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Eduard Braun holds a PhD from the University of Angers (France) and is an associate professor of economics at Clausthal University of Technology (Germany). He has published numerous peer-reviewed articles on financial accounting and the economic theory of capital. His interdisciplinary research combines insights from the Austrian and Institutionalist Schools of economics to better understand the institutions that are fundamental to capitalist societies. A key aim of his work is to ground the theory of capital in the realities of business life, moving beyond abstract concepts and models.

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