Progressive theory of capital explained

The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics.^[1]

See also

• Capital (economics)
• Capital goods
• Capital services
• Capital stocks
• Walras-Cassel System
• Walrasian General Equilibrium Theory
• Capital and Investment Theory
• Léon Walras

Further reading

• E. Barone (1895) "Sopra un Libro del Wicksell", Giornale degli Economisti, Vol. 11, p. 524-39.
• J.v. Daal and A. Jolink (1993) The Equilibrium Economics of Léon Walras. London: Routledge.
• W. Jaffé (1942) "Léon Walras' Theory of Capital Accumulation", in O. Lange, F. McIntyre and O. Yntema, editors, Studies in Mathematical Economics and Econometrics. Chicago: University of Chicago Press.
• T. Kompas (1992) Studies in the History of Long-Run Equilibrium Theory. Manchester, UK: Manchester University Press.
• D.A. Walker (1996) Walras's Market Models. Cambridge, UK: Cambridge University Press.
• L. Walras (1874) Elements of Pure Economics: Or the theory of social wealth. 1954 translation of 1926 edition, Homewood, Ill.: Richard Irwin.
• K. Wicksell (1893) Value, Capital and Rent. 1970 reprint of 1954 edition, New York: Augustus M. Kelley.
• Book: Blaug, Mark . Economic theory in retrospect. Cambridge University Press. 1997. 5, illustrated, revised. 0-521-57701-2.

External links

• Walras's Progressive Theory of Capital

Notes and References

1. Web site: Walras's Progressive Theory of Capital. History of Economic Thought. 2018-01-25.