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Heterogeneous Capital, the Production Function and the Theory of Distribution

In: Capital Theory, the Surplus Approach, and Effective Demand

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  • Pierangelo Garegnani

    (Roma Tre University)

Abstract

The notion of capital as a “factor of production”, on which the theories of production and distribution dominant since the latter part of the last century ultimately rely, has been the object of considerable discussion in recent years. As is well known, these theories had their origin in a reformulation in terms of homogeneous land and “intensive” margins, of the Malthusian theory of rent.

Suggested Citation

  • Pierangelo Garegnani, 2024. "Heterogeneous Capital, the Production Function and the Theory of Distribution," Springer Studies in the History of Economic Thought, in: Roberto Ciccone (ed.), Capital Theory, the Surplus Approach, and Effective Demand, pages 147-193, Springer.
    • Handle: RePEc:spr:spshcp:978-3-031-23643-3_2
    DOI: 10.1007/978-3-031-23643-3_2
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