ABSTRACT
Hayek belongs only in part to the school of thought dealt with in this section. There can be no doubt that the roots of his theory of capitall reach deeply into the ground which nourished also the theories of BohmBawerk and Wicksell. For him, too, the theory of capital and interest is indissolubly tied up with the problem of the time structure of production. But his recqgnition of the fundamental weaknesses of the theories of his predecessors led h i m to conclusions which diverge considerably from theirs. In particular, as will be seen, his point of view is not a static one in the sense in which this is true of his predecessors.
