Relationships between Modern Austrian and SRAFFA’s Capital Theory

  • Malte Faber
Conference paper
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 277)


Capital theory is notoriously known to be a field of controversies not few of which are due to misunderstandings. There are, for example, many articles and books which deal with the two Cambridge schools. As far as I know there is no paper dealing with relationships between the Austrian and SRAFFA’s capital theory. Since I have repeatedly been questioned on this topic I will try to fill some part of this gap. In Section 2 I outline our approach of modern Austrian capital theory and in Section 3 I give a brief introduction to SRAFFA’s book PRODUCTION OF COMMODITIES BY MEANS OF COMMODITIES (SRAFFA [1960]), which will be the basis of our comparison with the neo-Austrian capital theory in Secton 4.


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  • Malte Faber

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