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Progressive Theory Of Capital
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''. See also * Capital (economics) * Capital goods * Capital services * Capital stocks * Walras-Cassel System * Walrasian General Equilibrium Theory * Capital and Investment Theory * Léon Walras References Further reading * 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Léon Walras
Marie-Esprit-Léon Walras (; 16 December 1834 – 5 January 1910) was a French mathematical economics, mathematical economist and Georgist. He formulated the Marginalism, marginal theory of value (independently of William Stanley Jevons and Carl Menger) and pioneered the development of general equilibrium theory. Walras is best known for his book ''Éléments d'économie politique pure'', a work that has contributed greatly to the mathematization of economics through the concept of general equilibrium. For Walras, exchanges only take place after a Walrasian ''tâtonnement'' (French for "trial and error"), guided by the auctioneer, has made it possible to reach market equilibrium. It was the general equilibrium obtained from a single hypothesis, rarity, that led Joseph Schumpeter to consider him "the greatest of all economists". The notion of general equilibrium was very quickly adopted by major economists such as Vilfredo Pareto, Knut Wicksell and Gustav Cassel. John Hicks and Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elements Of Pure Economics
Element or elements may refer to: Science * Chemical element, a pure substance of one type of atom * Heating element, a device that generates heat by electrical resistance * Orbital elements, parameters required to identify a specific orbit of one body around another * DNA element, a functional region of DNA, including genes and cis-regulatory elements. Mathematics * Element (category theory), one of the constituents in general category theory * Element (mathematics), one of the constituents of set theory in mathematics * Differential element, an infinitesimally small change of a quantity in an integral * Euclid's ''Elements'', a mathematical treatise on geometry and number theory * An entry, or element, of a matrix Philosophy and religion * Classical elements, ancient beliefs about the fundamental types of matter (earth, air, fire, water) * The elements, a religious term referring to the bread and wine of the Eucharist * ''Godai'' (Japanese philosophy), the basis of the uni ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital (economics)
In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a given year." The means of production is as a "... series of heterogeneous commodities, each having specific technical characteristics ..." "capital goods", are one of the three types of intermediate goods used in the production process, the other two being land and labour. The three are also known collectively as "primary factors of production". This classification originated during the classical economics period and has remained the dominant method for classification. Capital can be increased by the use of a production process (see production function and factors of production). Outputs of the production process are normally classif ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Services
In economics, capital services refer to a chain-type index of service flows derived from the stock of physical assets and software. These assets are coordination, equipment, software, structures, land, and inventories. Capital services are estimated as a capital-income weighted average of the growth rates of each asset. Capital services differ from capital stocks because short-lived assets such as equipment and software provide more services per unit of stock than long-lived assets such as land. Unlike capital goods, capital services are owned by the person or group of people providing them. See also * Bureau of Labor Statistics * Capital goods * Capital stocks * Progressive theory of capital References External links Capital services in glossary U.S. Bureau of Labor Statistics Division of Information Services Capital Goods and Services University of North Carolina The University of North Carolina is the Public university, public university system for the state of North Ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital Stocks
Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used for further production * Capital (Marxism), a central concept in Marxian critique of political economy * Economic capital * Financial capital, an economic resource measured in terms of money * Capital good * Human capital * Natural capital * Public capital * Social capital Architecture and buildings * Capital (architecture), the topmost member of a column or pilaster * The Capital (building), a commercial building in Mumbai, India * Capital (fortification), a proportion of a bastion Arts, entertainment and media Literature Books * ''Capital'' (novel), by John Lanchester, 2012 * ''Das Kapital'' ('Capital: Critique of Political Economy'), a foundational ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capital And Investment Theory
Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used for further production * Capital (Marxism), a central concept in Marxian critique of political economy * Economic capital * Financial capital, an economic resource measured in terms of money * Capital good * Human capital * Natural capital * Public capital * Social capital Architecture and buildings * Capital (architecture), the topmost member of a column or pilaster * The Capital (building), a commercial building in Mumbai, India * Capital (fortification), a proportion of a bastion Arts, entertainment and media Literature Books * ''Capital'' (novel), by John Lanchester, 2012 * ''Das Kapital'' ('Capital: Critique of Political Economy'), a foundational ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Augustus M
Gaius Julius Caesar Augustus (born Gaius Octavius; 23 September 63 BC – 19 August AD 14), also known as Octavian (), was the founder of the Roman Empire, who reigned as the first Roman emperor from 27 BC until his death in AD 14. The reign of Augustus initiated an imperial cult and an era of imperial peace (the or ) in which the Roman world was largely free of armed conflict. The Principate system of government was established during his reign and lasted until the Crisis of the Third Century. Octavian was born into an equestrian branch of the plebeian Octavia. Following his maternal great-uncle Julius Caesar's assassination in 44 BC, Octavian was named in Caesar's will as his adopted son and heir, and inherited Caesar's name, estate, and the loyalty of his legions. He, Mark Antony, and Marcus Lepidus formed the Second Triumvirate to defeat the assassins of Caesar. Following their victory at the Battle of Philippi (42 BC), the Triumvira ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
