Heterogeneous Capital, the Production Function and the Theory of Distribution

Pierangelo Garegnani

A chapter in Capital Theory, the Surplus Approach, and Effective Demand, 2024, pp 147-193 from Springer

Abstract: Abstract The notion of capital as a “factor of production”, on which the theories of production and distribution dominant since the latter part of the last century ultimately rely, has been the object of considerable discussion in recent years. As is well known, these theories had their origin in a reformulation in terms of homogeneous land and “intensive” margins, of the Malthusian theory of rent.

Date: 2024
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Journal Article: Heterogeneous Capital, the Production Function and the Theory of Distribution (1970)
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DOI: 10.1007/978-3-031-23643-3_2

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