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Relative Capital Accumulation In The United States

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  • Adams, James D.

Abstract

Since the publication of Keynes' General Theory economists have treated the demand for particular forms of wealth as a problem in portfolio balance. The later development of the Human Capital approach essentially elaborated on this analysis by extending the choice of forms in which to hold wealth, and also stimulated interest in the mechanism of parental finance of the human capital investments (Becker, 1967) For this reason, human capital models are antecedents of intergenerational models of the demand for wealth and the composition of wealth.

Suggested Citation

  • Adams, James D., 1978. "Relative Capital Accumulation In The United States," ISU General Staff Papers 197801010800001070, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genstf:197801010800001070
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    References listed on IDEAS

    as
    1. Wolpin, Kenneth I, 1977. "Education and Screening," American Economic Review, American Economic Association, vol. 67(5), pages 949-958, December.
    2. H. S. Houthakker, 1952. "Compensated Changes in Quantities and Qualities Consumed," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 19(3), pages 155-164.
    3. Sahota, Gian Singh, 1978. "Theories of Personal Income Distribution: A Survey," Journal of Economic Literature, American Economic Association, vol. 16(1), pages 1-55, March.
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