Keynes on the nature of capital: a note on the origin of The General Theory's chapter 16

Nerio Naldi

The European Journal of the History of Economic Thought, 2001, vol. 8, issue 3, 391-401

Abstract: In The General Theory, unlike Keynes's previous works, we find a chapter explicitly devoted to a discussion of capital. It's title, however, does not accurately reflect the actual content of the chapter itself; and the text, which contains a discussion of the concept of roundaboutness, may leave the reader uncertain about Keynes' attitude towards that concept and on the actual focus of the chapter. In this paper a study of the surviving drafts of The General Theory and of other sources relevant to the purpose of elucidating the process of composition of the chapter allows us to show how and why those peculiarities emerged and helps to cast light on their meaning.

Keywords: Keynes Capital Rate Of Return (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1080/09672560110062988

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