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Alcune osservazioni sulla forma delle curve di domanda e offerta di capitale

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  • Saverio M. Fratini

Abstract

ABSTRACT Some Remarks on the Shape of the Capital Demand and Supply Curves. The present paper is aimed at discussing some results concerning the choice of techniques and the capital theory in order to shed some light on aspects that might cause, and sometimes caused, a misunderstanding. We will show, in particular, that the shape of the demand for capital schedule does not, in general, reveal the presence (or the lack) of phenomena like reverse capital deepening and reswitching. The erroneous belief that the shape of the demand for capital schedule alone were sufficient to foresee possible instability problems seems to come from a conception of capital supply as a given value magnitude, as it is in Wicksell. Therefore, we will argue for the advisability of keeping the difficulties concerning the demand for capital side apart from those concerning its supply side. A method allowing this separation is also provided. Alcune Osservazioni sulla Forma delle Curva di Domanda e Offerta di Capitale. In questo scritto si discutono alcuni risultati riguardanti la scelta delle tecniche e la teoria del capitale con lo scopo di far chiarezza su certi aspetti che potrebbero prestarsi, e talvolta si sono prestati, a fraintendimenti. Si mostrerà, in particolare, che la forma della curva della domanda di capitale in valore non è, in generale, rivelatrice della presenza o meno dei fenomeni di inversione dell’intensità capitalistica e ritorno delle tecniche. L’erroneo convincimento che il solo andamento della curva di domanda di capitale sia sufficiente per prevedere possibili problemi di instabilità sembra derivare da una concezione dell’offerta di capitale come un dato ammontare di valore, come in Wicksell. Così, si sosterrà l’opportunità di tenere distinte le difficoltà riguardanti il lato della domanda di capitale, da quelle riguardanti il lato dell’offerta. Si proporrà inoltre un metodo che consenta di isolare le prime.

Suggested Citation

  • Saverio M. Fratini, 2008. "Alcune osservazioni sulla forma delle curve di domanda e offerta di capitale," Departmental Working Papers of Economics - University 'Roma Tre' 0096, Department of Economics - University Roma Tre, revised 2008.
  • Handle: RePEc:rtr:wpaper:0096
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    More about this item

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory

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