approach, allowing ongoing maintenance, is presented here. All steps of the process are presented and then integrated via a …

proportion of the outstanding capital stock, has several fundamental shortcomings. It derives from a model founded on assumptions … organization and other neighboring fields to economics that treat the durability of capital goods as a choice variable. It ignores … continues to dominate mainstream capital theory, most probably because of: a) its simplicity, and b) the lack of a model that …

forces like utilization, maintenance and repair, the prices of new capital goods, etc., and b) while the approximation of the … proportionality, which asserts that depreciation is proportional to the outstanding capital stock. All available evidence shows that … capital and the useful lives of its components. For this reason, it is concluded that, the sooner this theorem is replaced by …

This paper traces the evolution of the concept of capital in economic literature––from the ‘fund’ concept prevalent in … pre-classical and classical writings to the stress on ‘physical capital’ in neoclassical literature and finally to ‘human … capital’ in endogenous growth theory. While financial capital is occupying a key role in research presently in the context of …

owners acquired the necessary capital for start-up and growth thereafter. The paper was designed within the quantitative and … revealed that although African immigrants are characteristically at the disadvantage when it comes to accessing capital from … to the ability to raise capital, we found that a varying range of start-up capital was utilised, which tended to vary …

This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better … integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for … explicit and implicit cost components, including the financial cost of capital. MEV should not be confused with MELT, the ‘New …

’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 …

This is a paper on the theory of capital. It deals with the role of capital in a cost-of-production theory of value in … which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary … out the need to abandon the labour theory of value and to rely on a broader labour-and-capital monetary theoretical …