Walras’s Theory of Capital
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, Pk, the l quantities of capital goods demanded, Dk, and the total value of saving (in terms of the numéraire), E.
- Garegnani, P. 1960. Il capitable nelle teoria della distribuzione. Milan: Guiffre.Google Scholar
- Morishima, M. 1964. Equilibrium, stability and growth. Oxford: Clarendon Press.Google Scholar
- Walras, L. 1874–7. Eléments d’économie politique pure. Trans. and ed. W. Jaffé as Elements of Pure Economics, London: Allen & Unwin, 1954.Google Scholar