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.

Journal Article On the Stability of Full Employment Equilibrium Get access P. Frevert P. Frevert University of Kansas Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 2, April 1970, Pages 239–251, https://doi.org/10.2307/2296416 Published: 01 April 1970 Article history Received: 01 February 1969 Accepted: 01 September 1969 Published: 01 April 1970

P. A. Tinsley, Capital Structure, Precautionary Balances, and Valuation of the Firm: The Problem of Financial Risk, The Journal of Financial and Quantitative Analysis, Vol. 5, No. 1 (Mar., 1970), pp. 33-62

Journal Article The Fundamental Approximation Theorem of Portfolio Analysis in terms of Means, Variances and Higher Moments Get access Paul A. Samuelson Paul A. Samuelson Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 4, October 1970, Pages 537–542, https://doi.org/10.2307/2296483 Published: 01 October 1970 Article history Received: 01 January 1970 Revision received: 01 March 1970 Published: 01 October 1970

Journal Article A Simple Method for Estimating Demand Systems under Separable Utility Assumptions Get access R. P. Byron R. P. Byron Australian National University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 2, April 1970, Pages 261–274, https://doi.org/10.2307/2296418 Published: 01 April 1970 Article history Received: 01 December 1968 Accepted: 01 September 1969 Published: 01 April 1970

[The parameters of a system of demand equations are estimated subject to the prior information of classical demand theory. The equations are estimated as a system using a variant of generalized least squares, the parametric restrictions being imposed by Lagrange multipliers. Tests of significance are given, both for individual restrictions and for the restrictions applied collectively. The method is applied to Barten's sixteen commodity consumer expenditure data for Holland. The work was done independently of R. H. Court's [6] similar treatment; however, there are significant differences in the method which warrant further discussion and the application is itself of some interest.]

A normative theory of capital budgeting requires determination of the correct cost of capital for the evaluation and selection of risky investment projects. Since different uses of funds within the firm may involve different degrees of uncertainty, the normative theory should take into account the effects of changes in the composition of the firm's portfolio of productive assets on its market valuation. The normative theory must therefore be based on a positive theory of market valuation. The objective of this paper is to develop and test an empirical specification of the positive theory.

R. L. Thomas, P. J. M. Stoney; A Note on the Dynamic Properties of the Hines Inflation Model, The Review of Economic Studies, Volume 37, Issue 2, 1 April 1970,