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What do Austrians mean by the structure of production? How does the Austrian conception of capital differ from the neoclassical version (as depicted for example
What do Austrians mean by the "structure of production"? How does the Austrian conception of capital differ from the neoclassical version (as depicted for example in the Solow growth model)? How did Rothbard's diagram of an economy (with 100 ounces of gold spent on consumption in the final stage) incorporate time into the analysis, especially when contrasted with the textbook "circular flow" model from standard macro classes?
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