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Steady State Capital Theory

  • C. C. von Weizsäcker

Part of the Lecture Notes in Operations Research and Mathematical Systems book series (LNE, volume 54)

Table of contents

  1. Front Matter
    Pages i-iii
  2. Preface

    1. C. C. von Weizsäcker
      Pages 1-3
  3. Capital Theory without Capital (Preliminaries to Capital Theory)

  4. Circulating Capital

  5. Fixed Capital

    1. C. C. von Weizsäcker
      Pages 67-72
  6. General Equilibrium of Steady States

    1. C. C. von Weizsäcker
      Pages 79-96
  7. Back Matter
    Pages 97-104

About this book

Introduction

The following lecture notes were written shortly after I gave a course on capital theory in the winter-semester 1970/71 at the Univer­ sity of Heidelberg. While the general line of the argument is similar to the one in the course, I have modified and added a large number' of specific points in the process of writing the English version. I should like to emphasize the narrow limitations of the material covered in these notes. I have completely concentrated on steady states of stationary and exponentially growing economies, even up to the point where there is the danger of misleading the reader1 I have done this for several reasons. Other activities have not left me with a sufficient amount of time to be able to find the unifying principle of analysis and mode of presentation for the dynamic aspects of capi­ tal theory which would have made it worthwhile to add a sizeable book to the large body of literature in this field. On the other hand over the last couple of years I have become increasingly aware that some of the results in steady state capital theory (which could be derived without too much mathematical effort) are of relevance in present day dis­ cussions about the political role of economic theory and the relative merits of orthodox and radical economics. Also these results seemed not to be known by' mO$ of the participants in these discussions.

Keywords

Capital Kapital economics equilibrium general equilibrium

Authors and affiliations

  • C. C. von Weizsäcker
    • 1
  1. 1.Albert Weber-Institut für Sozial- und StaatswissenschaftenUniversität HeidelbergDeutschland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-80646-9
  • Copyright Information Springer-Verlag Berlin Heidelberg 1971
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-05582-2
  • Online ISBN 978-3-642-80646-9
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site