The Place of Money Capital in the Theory of Production

Abstract

I. Outline of the problem of capital and of the need to reconcile its treatment by Austrian and neo‐classical theorists, as also to establish a link between economics and accountancy practice. II. Introduction to the concept of the money capital requirement function and the criteria of profit rate maximisation. III. Synthesis of divergent theories by full development of a new generalised money capital requirement function. IV. Comparison of the results here obtained with those of neoclassical theory. V. Summary.

Citation

Gabor, A. and Pearce, I.F. (1979), "The Place of Money Capital in the Theory of Production", International Journal of Social Economics, Vol. 6 No. 5, pp. 304-321. https://doi.org/10.1108/eb013844