The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Walras’s Theory of Capital

  • John Eatwell
Reference work entry


The extension of Walras’s (1874–7) analysis from non-capitalistic production to the case of capitalistic production involved him in the introduction of four new sets of variables: the rate of net income, i; the l prices of the capital goods, Pk, the l quantities of capital goods demanded, Dk, and the total value of saving (in terms of the numéraire), E.

This is a preview of subscription content, log in to check access.


  1. Garegnani, P. 1960. Il capitable nelle teoria della distribuzione. Milan: Guiffre.Google Scholar
  2. Morishima, M. 1964. Equilibrium, stability and growth. Oxford: Clarendon Press.Google Scholar
  3. Walras, L. 1874–7. Eléments d’économie politique pure. Trans. and ed. W. Jaffé as Elements of Pure Economics, London: Allen & Unwin, 1954.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • John Eatwell
    • 1
  1. 1.