Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

The Paradox of Capital Theory is the Bohm-Bawerk-Type Economics Logically Inconsistent?


     

   Subscribe/Renew Journal


The prototype of economics as revealed in general in the writings of Walras, Pareto, Wicksell, Hicks (prior to 'Capital and Growth'), Samuelson (of the 'Collected Scientific Papers'), and Joan Robinson (during the golden age of 'The Accumulation of Capital), conceives of the economic system as characterized by the existence of different consumption goods' mixes capable of yielding the same satisfaction flow and of different mixtures of techniques and production processes capable of producing the same bundles of goods. The linear approach postulates the simultaneous use of such diverse mixtures in an actual economic system.
Subscription Login to verify subscription
User
Notifications
Font Size

Abstract Views: 404

PDF Views: 0




  • The Paradox of Capital Theory is the Bohm-Bawerk-Type Economics Logically Inconsistent?

Abstract Views: 404  |  PDF Views: 0

Authors

Abstract


The prototype of economics as revealed in general in the writings of Walras, Pareto, Wicksell, Hicks (prior to 'Capital and Growth'), Samuelson (of the 'Collected Scientific Papers'), and Joan Robinson (during the golden age of 'The Accumulation of Capital), conceives of the economic system as characterized by the existence of different consumption goods' mixes capable of yielding the same satisfaction flow and of different mixtures of techniques and production processes capable of producing the same bundles of goods. The linear approach postulates the simultaneous use of such diverse mixtures in an actual economic system.


DOI: https://doi.org/10.21648/arthavij%2F1968%2Fv10%2Fi2%2F116853