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, Pk, the l quantities of capital goods demanded, Dk, and the total value of saving (in terms of the numéraire), E.
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Bibliography
Garegnani, P. 1960. Il capitable nelle teoria della distribuzione. Milan: Guiffre.
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.
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Eatwell, J. (2018). Walras’s Theory of Capital. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1829
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DOI: https://doi.org/10.1057/978-1-349-95189-5_1829
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