Money, Capital and Forced Saving

Murray Milgate

Cambridge Journal of Economics, 1988, vol. 12, issue 1, 43-54

Abstract: The purpose of this paper is to examine the theoretical arguments t hat lie behind the analysis of money, capital, and forced saving, and to consider the character and content of the critique Piero Sraffa launched on Friedrich A. von Hayek's version of it in the celebrated exchange that took place between the two in the pages of the Economic Journal in 1932. However, it is not so much concerned with the statu s of this debate in the history of economic thought as with those aspects of i t that may be relevant to contemporary theory. Copyright 1988 by Oxford University Press.

Date: 1988
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