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.
See also
- Capital (economics)
- Capital goods
- Capital services
- Capital stocks
- Walras-Cassel System
- Walrasian General Equilibrium Theory
- Capital and Investment Theory
- Léon Walras
References
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.
- Blaug, Mark (1997). Economic theory in retrospect (5, illustrated, revised ed.). Cambridge University Press. ISBN 0-521-57701-2.
External links
- Walras's Progressive Theory of Capital
