Capital, Accumulation, and Money

An Integration of Capital, Growth, and Monetary Theory

  • Lester D. Taylor

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Lester D. Taylor
    Pages 1-8
  3. Lester D. Taylor
    Pages 9-14
  4. Lester D. Taylor
    Pages 15-24
  5. Lester D. Taylor
    Pages 25-41
  6. Lester D. Taylor
    Pages 43-64
  7. Lester D. Taylor
    Pages 65-83
  8. Lester D. Taylor
    Pages 85-100
  9. Lester D. Taylor
    Pages 101-127
  10. Lester D. Taylor
    Pages 129-138
  11. Lester D. Taylor
    Pages 139-155
  12. Lester D. Taylor
    Pages 157-163
  13. Lester D. Taylor
    Pages 165-184
  14. Lester D. Taylor
    Pages 185-193
  15. Lester D. Taylor
    Pages 195-204
  16. Back Matter
    Pages 213-265

About this book


Capital, Accumulation, and Money: An Integration of Capital, Growth, and Monetary Theory is a book about capital. A root concept of capital is developed which allows for most existing concepts of capital to be unified and related to one another in consistent fashion. Such a root concept of capital offers a framework for integrating monetary and capital theory, and for analyzing the functioning of an economy, whether that economy is in a steady state of subsistence or in a process of sustainable growth. Specifically, it is shown that a conservation principle emerges that both implies and imposes a variety of constraints on the macro behavior of an economy, constraints which make for straightforward understanding and analysis of such concepts as the real stock of money, real-balance effects, and the general price level. New and illuminating insights are also provided into aggregate supply and demand, natural and money rates of interest, the relationship between real and monetary economies, and economic growth and development.


Bubbles Capital Theory Economic Theory Finance Financial Meltdown Inflation Investment Macroeconomics Social Security Supply and Demand Sustainable Growth economic growth growth monetary theory production

Authors and affiliations

  • Lester D. Taylor
    • 1
  1. 1.University of ArizonaWilsonUSA

Bibliographic information