Capital theory traditionally spans two major compartments of
economic theory: the theory of production of both individual
products and the total product, and the theory of the distribution
of the aggregate product between the different classes of
capitalist society. It has always been controversial, partly
because the subject matter is difficult and partly because rival
ideologies and value systems impinge directly on the subject
matter. In the present book the various topics associated with the
exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals'
are discussed and evaluated. The topics include the measurement of
capital, the revival of interest in Irving Fisher's rate of return
on investment, the double-switching debate, Sraffa's prelude to a
critique of neoclassical theory, and the 'new' theories of the rate
of profits in capitalist society.
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