The Essentials of Capital Theory

  • Friedrich Lutz
Part of the International Economic Association Series book series (IEA)


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.


Interest Rate Capital Stock Capital Accumulation Capital Good Conceptual Problem 
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  1. 1.
    Wicksell, Lectures on Political Economy (London, 1935), vol. i, p. 260.Google Scholar
  2. 2.
    Erik Lindahl, Studies in the Theory of Money and Capital (London, 1939),Google Scholar
  3. 1.
    N. Kaldor, ‘A Model of Economic Growth’, Economic Journal, 1957, p. 593.Google Scholar
  4. 1.
    Joan Robinson, The Accumulation of Capital (London, 1956), pp. 122–3.Google Scholar

Copyright information

© International Economic Association 1961

Authors and Affiliations

  • Friedrich Lutz
    • 1
  1. 1.University of ZürichSwitzerland

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