Capital Theory pp 123-127 | Cite as

Capital goods

  • Harald Hagemann
Part of the The New Palgrave book series (NPA)


Capital goods are a series of heterogeneous commodities, each having specific technical characteristics. Outside the hypothetical case where real capital consists of a single commodity, it is impossible to express the stock of capital goods as a homogeneous physical entity. As a consequence of capital’s heterogeneous nature its measurement has become the source of many controversies in the history of economic thought.


Machine Tool Capital Stock Capital Good Real Capital Premature Truncation 
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • Harald Hagemann

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