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capital stock

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Journal Article
History of Political Economy (1990) 22 (1): 1–18.
Published: 01 March 1990
.... History of Political Economy 22: 1 0 1990 by Duke University Press CCC 0018-2702/90/$1.50 Adam Smith and the stock of moral capital Nathan Rosenberg I It may come as a surprise...
Journal Article
History of Political Economy (2009) 41 (4): 737–747.
Published: 01 November 2009
... on capital accrued to the capitalists. By implication, therefore, the capitalists owned the whole capital stock, the only asset explicitly mentioned in Kaldor’s work. In the course of his subsequent generalization of the model, Luigi Pasinetti (1962, 270) referred to Kaldor’s neglect of workers...
Journal Article
History of Political Economy (1991) 23 (1): 85–86.
Published: 01 March 1991
... insurance scheme, the mandatory contributions of a government scheme would be saved and invested in an accumulating physical capital stock. Government saving would in- deed replace the lost private saving. By contrast the pay-as-you-go principle requires social security con- tributions...
Journal Article
History of Political Economy (1978) 10 (4): 669–678.
Published: 01 November 1978
... = cash flow of revenue minus wage bill from- capital stock S3f Li = labor absorbed in the production of ith good Pi = price of ith good S3*= physical capital stock of third good used to produce ith good Xf = physical output of ith good...
Journal Article
History of Political Economy (1970) 2 (2): 225–245.
Published: 01 June 1970
...’ goods P price of producers’ goods R money rent bill s physical capital stock of producers’ goods W money wage bill W money wage rate X output of consumers’ goods z money profits bill PARAMETERS a1 labor required to produce one...
Journal Article
History of Political Economy (1982) 14 (4): 447–460.
Published: 01 November 1982
...- vation that the changing wage rate essentially alters the values of the econ- omy’s capital goods. Wicksell’s earlier capital models conveniently avoid this issue. In Value, capital, and rent (I 893) and Interest and prices (I898) the economy con- tains only one good, and capital is a stock...
Journal Article
History of Political Economy (1988) 20 (4): 565–581.
Published: 01 November 1988
... 61801. 565 566 History of Political Economy 20:4 (1988) p = price of producers’ goods S = aggregate physical capital stock of producers’ goods u = useful life of producers’ goods X = physical output of consumers’ goods...
Journal Article
History of Political Economy (1997) 29 (3): 523–548.
Published: 01 September 1997
... and hotel room furniture are capital not by virtue of their physical properties but by virtue of their economic functions. Something is capital because the market, the con- sensus of entrepreneurial minds, regards it as capable of yielding an income. . . . [But] the stock of capital used...
Journal Article
History of Political Economy (1987) 19 (2): 207–215.
Published: 01 June 1987
..., and capital stock 6. Other-for my purposes, unnecessarily complicating-assumptions concerning cap- italist saving and consumption behavior (such as allowing them to consume manufactures and/or to vary their consumption spending in response to current profits, pW) could be introduced...
Journal Article
History of Political Economy (1991) 23 (4): 567–586.
Published: 01 November 1991
... to the period of production. The stock of capital, interpreted as a wage fund, and the labor force are regarded as given, and the economy is supposed to be in a steady state. For any para- metrically given wage rate, the entrepreneurs choose the production pe- riod that maximizes the capital yield...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 263–281.
Published: 01 December 2009
..., L)/L = f(k0), where K0 is the initial capital stock. No generation adds anything to the capital stock; every generation entirely consumes the net product. This was the result already hinted at by Arrow (“zero savings in every generation In contrast to Arrow, Solow explored a wider variety...
Journal Article
History of Political Economy (1991) 23 (1): 1–11.
Published: 01 March 1991
.... Determinants of Economic Growth A simple model of growth will help to clarify the issues. For a particular country, with a given natural resource endowment, the state of the economy is determined by the capital stock, k, a vector A describing the state of technology, and a vector B describing...
Journal Article
History of Political Economy (1996) 28 (4): 703–705.
Published: 01 November 1996
... three beautiful new insights. First, capital’s share of output per man p was its marginal productivity times capital stock per man q. Second, labor’s share of p,or its real wage rate, was p minus capital’s share. Third, there was a Wicksell effect: if capital stock per man q was up, so...
Journal Article
History of Political Economy (1971) 3 (1): 105–135.
Published: 01 March 1971
... in the growth .of demand for labor behind that of aggregate capital-a phenomenon which Ricardo had long explained in terms of the proposition now sometimes referred to as the “Ricardo effect”-and not to that of an alteration in the composition of a given capital stock-the so-called ‘‘ conversion...
Journal Article
History of Political Economy (1994) 26 (3): 523–528.
Published: 01 September 1994
... commodity prices are instantly recalculated and since this means revaluing capital stock that embodies labor and commodities from the distant past, the ramifications of a change in w/r cannot be traced through an actual, existing economy. The exercise entails comparing at a point in time...
Journal Article
History of Political Economy (1986) 18 (2): 325–333.
Published: 01 June 1986
... that the cost of purchased inputs (raw materials and labor) in a year is approximately equal to the total capital invested. But rather than work with the two magnitudes of the capital stock and the annual flow of inputs, Senior works with the 8. Quoted in the Dictionary of national biography. 9...
Journal Article
History of Political Economy (1991) 23 (4): 675–685.
Published: 01 November 1991
... is to restate rigorously four familiar models of relative price. I use the following notation. Variables h = future cash flow J 3 present net worth of capital stock L = labor N = land n = money rent rate P = price of good r = rate of interest S = physical capital...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 271–304.
Published: 01 December 2004
... analysis presumes a fixed, rigid price level. 2. It does not distinguish between real and nominal interest rates. 3. It permits only short-run analysis. 4. It treats the capital stock as fixed. 5. It does not recognize enough distinct assets. 6. It is not derivable from explicit maximizing...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 252–271.
Published: 01 December 2014
... of capital. The variable K could not represent simultaneously the physical stock of capital goods and the value of capital from which the rate of profit was calculated. A related critique was then offered by Piero Sraffa (1960). In place of the marginal productivity theory of income distribution...
Journal Article
History of Political Economy (1992) 24 (2): 477–491.
Published: 01 June 1992
... at every auxilliary stage. This cannot be achieved without prior saving. In Hayek’s view, many economists were misled by the vast stocks of underused durable capital during the depression of the 1930s. The re- quirement for a prior commitment to many other lengthy processes was generally...