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A model for a Representational Theory of Capital

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  • Leonidas Zelmanovitz

Abstract

Once the idea about the representation in the abstract side of the economy of capital in the real side of the economy was stated, the purpose of this paper is to offer a formal model of what this “representational theory of capital” consists in. In a way, the idea that financial instruments are property titles representing claims over real goods is a commonsensical one if considered at microeconomic level; however, I argue that such concept of representation serves to foster our understanding at a macroeconomic level as well. Such claim, to my knowledge, is a novel one

Suggested Citation

  • Leonidas Zelmanovitz, 2018. "A model for a Representational Theory of Capital," Revista Perspectivas en Inteligencia, Escuela de Inteligencia y Contrainteligencia Bg. Ricardo Charry Solano, vol. 10(19), pages 141-161, December.
    • Handle: RePEc:col:000555:017917
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    More about this item

    Keywords

    capital; modelo; estructura; representación; derechos de propiedad;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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