Economics Dictionary of ArgumentsHome
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| Capital: Capital in economics refers to assets used to produce goods and services, including financial capital, machinery, buildings, and human skills. It represents an investment in productive resources, contributing to economic growth, productivity, and wealth generation. Capital can be physical or human, and its accumulation is crucial for development._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Pierangelo Garegnani on Capital - Dictionary of Arguments
Harcourt I 8/9 Capital/GaregnaniVsSamuelson/Garegnani/Harcourt: Garegnani's articles are especially concerned with critiques of Samuelson's 1962(1) paper, and of the demand and supply theories that derive from Wicksell, Marshall, and Hicks [1932](2). He shows that Samuelson's assumptions amount to confining the analysis to a world in which there is a pseudo-neoclassical production function, that is to say, a set of comparisons of stationary states which allow us to spell out associations and relationships which are seemingly akin to the processes that would occur in an all-purpose, malleable one-commodity world. 1.Samuelson, P.A. [1962] 'Parable and Realism in Capital Theory: The Surrogate Production Function', Review of Economic Studies, xxix, pp. 193-206. 2. Hicks, J. R. [1932] The Theory of Wages (London: Macmillan)._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Garegnani I Pierangelo Garegnani The Theory of Value and Distribution in Economics: Discussions between Pierangelo Garegnani and Paul Samuelson Milton Park 2012 Harcourt I Geoffrey C. Harcourt Some Cambridge controversies in the theory of capital Cambridge 1972 |
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