?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.uny.ac.id%2F5554%2F&rft.title=Re-Intermediation+and+Deferment+through+E-Commerce%3A+Neo-Austrian+Interpretation+of+Capital+and+Time&rft.creator=Parthasarathi%2C+Banerjee&rft.subject=LPPM&rft.description=Contrary+to+the+common+belief+that+e-commerce+disintermediates%E2%80%94or+even+while+reintermediation+takes+place+the+economic+circuit+fails+to+get+lengthened%E2%80%94this+chapter+argues+following+the+Austrian+perspective%2C+that+through+e-commerce+consumption+gets+deferred+and+the+economic+circuit+lengthens.+Inappropriate+use+of+transaction+cost+theory%2C+in+particular%2C+has+often+weakened+the+received+theory.+This+implies+that+ecommerce+increases+capital+because+capital+is+time+according+to+the+Austrian+theory.+Consequently+the+efficiency-focus+of+received+theory+is+replaced+by+a+capital-enhancing+theory+of+this+new+commerce.+Several+novel+functions+of+intermediaries+including+coordination+have+been+utilized+to+support+the+departure+from+the+efficiency+perspective.+Citing+several+well-known+examples+from+the+literature+has+adumbrated+this+argument.&rft.type=Experiment%2FResearch&rft.type=NonPeerReviewed&rft.format=text&rft.language=en&rft.identifier=http%3A%2F%2Feprints.uny.ac.id%2F5554%2F1%2FRe.doc&rft.identifier=++Parthasarathi%2C+Banerjee+++Re-Intermediation+and+Deferment+through+E-Commerce%3A+Neo-Austrian+Interpretation+of+Capital+and+Time.++%5BExperiment%2FResearch%5D+++++