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The Essentials of Capital Theory

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The Theory of Capital

Part of the book series: International Economic Association Series ((IEA))

Abstract

To write on the ‘essentials’ of capital theory, as it unfortunately fell to my lot, necessarily means making a value judgment. In selecting from among the almost infinite number of things that have been said about capital only what can be pressed into a short paper, I cannot hope to make the choice that others would make. It obviously is not possible for me to offer anything like a comprehensive survey of the main currents of thought on capital theory.

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Notes

  1. Wicksell, Lectures on Political Economy (London, 1935), vol. i, p. 260.

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  2. Erik Lindahl, Studies in the Theory of Money and Capital (London, 1939),

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  3. N. Kaldor, ‘A Model of Economic Growth’, Economic Journal, 1957, p. 593.

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  4. Joan Robinson, The Accumulation of Capital (London, 1956), pp. 122–3.

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D. C. Hague

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© 1961 International Economic Association

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Lutz, F. (1961). The Essentials of Capital Theory. In: Hague, D.C. (eds) The Theory of Capital. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08452-4_1

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