Examples of Production Relations Based on Microdata

  • Tjalling C. Koopmans
Part of the Other International Economic Association Publications Series book series (IEA)


The view has been expressed by many that a meaningful capital theory can and should be developed without ever defining an aggregate capital index. A fine prototype of this approach is Malinvaud’s now classical paper of 1953. The same banner has been unfurled, though not with full identity of views, in Cambridge, England and in Cambridge, Massachusetts.


Capital Stock Discount Factor Productive Relation Capital Good Consumption Good 


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Copyright information

© The International Economic Association 1977

Authors and Affiliations

  • Tjalling C. Koopmans
    • 1
  1. 1.Yale UniversityUSA

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