Abstract
The extension of Walras’s (1874–7) analysis from non-capitalistic production to the case of capitalistic production involved him in the introduction of four new sets of variables: the rate of net income, i, the l prices of the capital goods, P k , the l quantities of capital goods demanded, D k , and the total value of saving (in terms of the numéraire), E.
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Bibliography
Garegnani, P. 1960. Il capitale nelle teorie della distribuzione. Milan: Giuffrè.
Morishima, M. 1964. Equilibrium, Stability and Growth. Oxford: Clarendon Press.
Walras, L. 1874–7. Eléments d’économie politique pure. Trans. and ed. W. Jaffé as Elements of Pure Economics. London: Allen & Unwin, 1954; Homewood, Ill.: R.D. Irwin.
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© 1990 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Eatwell, J. (1990). Walras’s theory of capital. In: Eatwell, J., Milgate, M., Newman, P. (eds) Capital Theory. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20861-6_25
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DOI: https://doi.org/10.1007/978-1-349-20861-6_25
Publisher Name: Palgrave Macmillan, London
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