Book contents
- Some Cambridge Controversies in the Theory of Capital
- Some Cambridge Controversies in the Theory of Capital
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Preface to the First Edition
- Preface to the Fiftieth Anniversary Edition
- Introduction
- 1 Search for a Will-O’-The-Wisp: Capital As a Unit Independent of Distribution and Prices
- 2 Treacle, Fossils and Technical Progress
- 3 Solow on the Rate of Return: Tease and Counter-Tease
- 4 A Child’s Guide to the Double-Switching Debate
- 5 The Rate of Profits in Capitalist Society: Whose Finest Hour?
- Introduction to the Afterwords
- References: Some Cambridge Controversies in the Theory of Capital
- Index
3 - Solow on the Rate of Return: Tease and Counter-Tease
Published online by Cambridge University Press: 10 June 2022
Book contents
- Some Cambridge Controversies in the Theory of Capital
- Some Cambridge Controversies in the Theory of Capital
- Copyright page
- Contents
- Figures
- Tables
- Foreword
- Preface to the First Edition
- Preface to the Fiftieth Anniversary Edition
- Introduction
- 1 Search for a Will-O’-The-Wisp: Capital As a Unit Independent of Distribution and Prices
- 2 Treacle, Fossils and Technical Progress
- 3 Solow on the Rate of Return: Tease and Counter-Tease
- 4 A Child’s Guide to the Double-Switching Debate
- 5 The Rate of Profits in Capitalist Society: Whose Finest Hour?
- Introduction to the Afterwords
- References: Some Cambridge Controversies in the Theory of Capital
- Index
Summary
Another offshoot of the criticisms of the use of the concept of malleable capital both in theoretical analysis and in the aggregate production function is the work on the social rate of return on investment, which is associated especially with Solow. His views are set out in the 1963 De Vries Lectures, Solow [1963a], in his contribution to the Dobb Festschrift, Solow [1967], and in the subsequent exchanges with Pasinetti in Solow [1970] and Pasinetti [1970]. (In the company of Tobin, von Wiezsäcker and Yaari [1966], he added further thoughts in the analysis of ‘quickening’.)
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- Some Cambridge Controversies in the Theory of CapitalFiftieth Anniversary Edition, pp. 93 - 122Publisher: Cambridge University PressPrint publication year: 2022
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