Book contents
- Some Cambridge Controversies in the Theory of Capital
- Some Cambridge Controversies in the Theory of Capital
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Preface to the First Edition
- Preface to the Fiftieth Anniversary Edition
- Introduction
- 1 Search for a Will-O’-The-Wisp: Capital As a Unit Independent of Distribution and Prices
- 2 Treacle, Fossils and Technical Progress
- 3 Solow on the Rate of Return: Tease and Counter-Tease
- 4 A Child’s Guide to the Double-Switching Debate
- 5 The Rate of Profits in Capitalist Society: Whose Finest Hour?
- Introduction to the Afterwords
- References: Some Cambridge Controversies in the Theory of Capital
- Index
2 - Treacle, Fossils and Technical Progress
Published online by Cambridge University Press: 10 June 2022
Book contents
- Some Cambridge Controversies in the Theory of Capital
- Some Cambridge Controversies in the Theory of Capital
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Preface to the First Edition
- Preface to the Fiftieth Anniversary Edition
- Introduction
- 1 Search for a Will-O’-The-Wisp: Capital As a Unit Independent of Distribution and Prices
- 2 Treacle, Fossils and Technical Progress
- 3 Solow on the Rate of Return: Tease and Counter-Tease
- 4 A Child’s Guide to the Double-Switching Debate
- 5 The Rate of Profits in Capitalist Society: Whose Finest Hour?
- Introduction to the Afterwords
- References: Some Cambridge Controversies in the Theory of Capital
- Index
Summary
The use of the malleability assumption and a simple marginal productivity theory of distribution underlies the early post-war work on aggregate production functions: the attempts to sort out from actual statistics the increases in output per man that are due to technical progress, i.e. shifts of an aggregate production function, from those which are due to capital deepening, i.e. movements along a given production function.
- Type
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- Information
- Some Cambridge Controversies in the Theory of CapitalFiftieth Anniversary Edition, pp. 49 - 92Publisher: Cambridge University PressPrint publication year: 2022