Abstract
Capital theory is notorious for being perhaps the most controversial area in economics. This has been so ever since the very inception of systematic economic analysis. Much of the interest in the theory of capital lies in the fact that it holds the key to the explanation of profits. Since the notion of ‘capital’ is at the centre of an inquiry into the laws of production and distribution in a capitalist economy, controversies in the theory of capital are reflected in virtually all other parts of economic analysis.
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Kurz, H.D. (2018). Capital Theory: Debates. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_424
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DOI: https://doi.org/10.1057/978-1-349-95189-5_424
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