In this paper we analyze the intertemporal competitive equilibrium of a walrasian model of capital accumulation. We … allocation to multiple types of capital goods by introducing a decreasing-return-to-scale storage technology. We Â…nally verify … that, for stored capital goods, equality of rates of returns is satisÂ…ed in equilibrium. …

’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in … favour of a ‘mixed’ labour-and capital theory of value reflecting the different theoretical perspective shown by the mature … capital is criticized, for its disregard of the financial cost of invested capital. Foley’s ‘New Interpretation’ of Marx …

Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income … purpose, capital was considered the reward for the services of a specific factor of production; for the second, a generic … of capital were clearly inconsistent with each other. The final setting of the Marshallian system was characterized by …

shape of the demand for capital schedule. The primary conclusion regards the possibility of a decreasing demand for capital … schedule combined with reswitching and reverse capital deepening. …