Malinvaud on Wicksell’s legacy to capital theory: some critical remarks

Saverio Fratini

MPRA Paper from University Library of Munich, Germany

Abstract: This critique of Malinvaud’s article of 2003 on Wicksell’s legacy to capital theory focuses in particular on three points raised there. The first regards the given amount of existing capital that appears in Wicksell’s theory and its connection with his alleged “missing equation”, the second the particular notion of the marginal product of capital adopted by Malinvaud and the meaning of its equality with the rate of interest, and the third the concept of the average period of production taken by Malinvaud from Hicks and its inverse relation to the rate of interest.

Keywords: Average period of production; Malinvaud; marginalist theory; theory of capital; Wicksell (search for similar items in EconPapers)
JEL-codes: B13 D24 D33 (search for similar items in EconPapers)
Date: 2012-06-20
New Economics Papers: this item is included in nep-hme and nep-hpe
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Citations: View citations in EconPapers (6)

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Related works:
Chapter: Malinvaud on Wicksell’s Legacy to Capital Theory: Some Critical Remarks (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:39574

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