Marshall's theory of capital was designed to serve two main purposes: an integration of the theory of income distribution into a general theory of value and the closing of the gap between economic theory and business practice. For the first purpose, capital was considered the reward for the...

The paper examines the development over time of Marshall's theoretical position, with the purpose of assessing its place in the history of economic thought. Marshall's work, concerned with the theoretical implications of structural changes in the British economy after the industrial revolution,...

The object of these pages is to revive a critical reflection on the significance of Sraffa's early theoretical work in the five-year period running between 1925 and 1930. After identifying the main interpretative issues, attention is focused on Sraffa's thought on the shape of cost curves and...