This critique of Malinvaud’s article of 2003 on Wicksell’s legacy to capital theory focuses in particular on three points raised there. The first regards the given amount of existing capital that appears in Wicksell’s theory and its connection with his alleged “missing equation”, the second the particular notion of the marginal product of capital adopted by Malinvaud and the meaning of its equality with the rate of interest, and the third the concept of the average period of production taken by Malinvaud from Hicks and its inverse relation to the rate of interest.
Fratini, S.M. (2013). Malinvaud on Wicksell’s Legacy to Capital Theory: Some Critical Remarks. In P.A. Levrero E.S. (a cura di), Sraffa and the Reconstruction of Economic Theory. The Theories of Value and Distribution (pp. 105-128). Basingstoke : Palgrave Macmillan.
Malinvaud on Wicksell’s Legacy to Capital Theory: Some Critical Remarks
FRATINI, SAVERIO MARIA
2013-01-01
Abstract
This critique of Malinvaud’s article of 2003 on Wicksell’s legacy to capital theory focuses in particular on three points raised there. The first regards the given amount of existing capital that appears in Wicksell’s theory and its connection with his alleged “missing equation”, the second the particular notion of the marginal product of capital adopted by Malinvaud and the meaning of its equality with the rate of interest, and the third the concept of the average period of production taken by Malinvaud from Hicks and its inverse relation to the rate of interest.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
