Progressive theory of capital

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The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics.[1]

See also[edit]


  1. ^ "Walras's Progressive Theory of Capital". The New School. Retrieved 2009-05-06. 

Further reading[edit]

  • E. Barone (1895) "Sopra un Libro del Wicksell", Giornale degli Economisti, Vol. 11, p. 524-39.
  • J.v. Daal and A. Jolink (1993) The Equilibrium Economics of Léon Walras. London: Routledge.
  • W. Jaffé (1942) "Léon Walras' Theory of Capital Accumulation", in O. Lange, F. McIntyre and O. Yntema, editors, Studies in Mathematical Economics and Econometrics. Chicago: University of Chicago Press.
  • T. Kompas (1992) Studies in the History of Long-Run Equilibrium Theory. Manchester, UK: Manchester University Press.
  • D.A. Walker (1996) Walras's Market Models. Cambridge, UK: Cambridge University Press.
  • L. Walras (1874) Elements of Pure Economics: Or the theory of social wealth. 1954 translation of 1926 edition, Homewood, Ill.: Richard Irwin.
  • K. Wicksell (1893) Value, Capital and Rent. 1970 reprint of 1954 edition, New York: Augustus M. Kelley.
  • Blaug, Mark (1997). Economic theory in retrospect (5, illustrated, revised ed.). Cambridge University Press. ISBN 0-521-57701-2. 

External links[edit]