Capital Theory and the Distribution of IncomeThe problem of capital, Production without capital; Equilibrium, prices and time; Semi-stationary growth; Marginal products and capital; The Cambridge model; ... |
Contents
Production without capital | 15 |
C | 39 |
Semistationary growth | 61 |
Copyright | |
14 other sections not shown
Other editions - View all
Common terms and phrases
a₁ aggregation analysis argument assume assumption atemporal economy c₁ capital accumulation capital stock capital vector chain-index method comparative statics component concave function concerned consider constant consumption convex convex combination convex set cost defined definition demand denoted double switching example exists factor services feasible firm forward markets growth path Hence household implication income interest rates intertemporal equilibrium investment k₁ labour linear production model linear programme marginal concepts marginal product maximize neoclassical non-negative non-produced inputs numeraire obtain output overture own-rates of interest P₁ particular present value price system price vector problem product of labour production function production prices production set productive activities quantity rate of interest rate of return relative prices result satisfied saving semi-stationary growth sequence solution Suppose temporary equilibrium theorem theory of capital tion unique wage rate week yield series z₁