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There is a controversy among economists that has raged in the pages of professional journals. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.
There is a controversy among economists that has raged in the pages of professional journals. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.
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