Capital Theory pp 128-129 | Cite as

Capitalistic and acapitalistic production

  • Lionello F. Punzo
Part of the The New Palgrave book series (NPA)


If ‘capital’ is the set of produced means of production, (almost) all production is capitalistic. Thus, the presence of capital in this sense can at most be (and in the history of economic doctrines was taken to represent) a necessary condition for defining capitalistic production. Differences arose as to the relative emphasis put on the social or techno-economic aspects of such transformation processes.


Income Distribution Marginal Productivity Capital Good Consumption Good Capitalistic Production 
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  3. Wicksell, K. 1934. Lectures on Political Economy. 1st English edn, ed. L. Robbins, London: George Routledge & Sons; New York: A.M. Kelley, 1967.Google Scholar

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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

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  • Lionello F. Punzo

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