Abstract
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.
Research supported by grants from the National Science Foundation and the Ford Foundation. I am indebted to Katsuhito Iwai and Herbert Scarf for valuable comments.
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© 1977 The International Economic Association
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Koopmans, T.C. (1977). Examples of Production Relations Based on Microdata. In: Harcourt, G.C. (eds) The Microeconomic Foundations of Macroeconomics. Other International Economic Association Publications Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03236-5_6
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DOI: https://doi.org/10.1007/978-1-349-03236-5_6
Publisher Name: Palgrave Macmillan, London
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