Themes and Counterthemes: Fluid Capital in Retrospect

  • Lester D. Taylor


In general, this book has involved exploration of themes related to fluid capital. More explicitly, it has examined the implications of three definitions, one relating to a concept of capital and the other two relating to two macroeconomic identities. The definition of fluid capital provides a root concept of capital from which virtually all existing notions of capital can be connected and rationalized. The two identities, in contrast, involve equalities between the value of production in current prices and the income the production generates, and between the value of goods in the pool of fluid capital and the corresponding value of claims on the same.


Technical Change Aggregate Demand Current Production Current Prex Aggregate Supply 
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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of ArizonaTucsonUSA

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