Capital Theory pp 128-129 | Cite as

Capitalistic and acapitalistic production

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

Abstract

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.

Keywords

Income Triad 

Bibliography

  1. Böhm-Bawerk, E. von. 1889. Positive Theorie des Kapitals. Trans. by G.D. Huncke as Vol. 2 of Capital and Interest, South Holland, Ill.: Libertarian Press, 1959.Google Scholar
  2. Schumpeter, J.A. 1954. History of Economic Analysis. London: Allen & Unwin; New York: Oxford University Press.Google Scholar
  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

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • Lionello F. Punzo

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