Capital Theory in Perspective

  • Lester D. Taylor


At several points in earlier chapters, reference has been made concerning the relationship of fluid capital to the capital notions of Hayek, Keynes, Schumpeter, and others. The purpose of this chapter is to examine these connections in greater detail. In doing this, I hope to provide readers not only with a better understanding of what is meant by fluid capital, but also to convince them that capital theory is still an extremely interesting and fruitful subject for research.


Physical Capital Intermediate Good Full Employment Capital Account Revolving Fund 
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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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