Malinvaud on Wicksell’s Legacy to Capital Theory: Some Critical Remarks

Saverio Fratini

Chapter 5 in Sraffa and the Reconstruction of Economic Theory: Volume One, 2013, pp 105-128 from Palgrave Macmillan

Abstract: Abstract Because of the neo-Walrasian shift in general equilibrium theories of value and distribution symbolically associated with the publication of Hicks’s Value and Capital,1 Wicksell’s contribution to economic theory has been forgotten by most of the modern mainstream economists. There is, for example, no reference to him in Debreu’s Theory of Value (1959) or Arrow and Hahn’s General Competitive Analysis (1971).

Keywords: Interest Rate; Wage Rate; Marginal Product; Average Period; Capital Good (search for similar items in EconPapers)
Date: 2013
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Working Paper: Malinvaud on Wicksell’s legacy to capital theory: some critical remarks (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-31683-7_6

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DOI: 10.1057/9781137316837_6

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