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The following lecture notes were written shortly after I gave a course on capital theory in the winter-semester 1970/71 at the Univer­ sity of Heidelberg. While the general line of the argument is similar to the one in the course, I have modified and added a large number' of specific points in the process of writing the English version. I should like to emphasize the narrow limitations of the material covered in these notes. I have completely concentrated on steady states of stationary and exponentially growing economies, even up to the point where there is the danger of misleading the reader1 I have done this for several reasons. Other activities have not left me with a sufficient amount of time to be able to find the unifying principle of analysis and mode of presentation for the dynamic aspects of capi­ tal theory which would have made it worthwhile to add a sizeable book to the large body of literature in this field. On the other hand over the last couple of years I have become increasingly aware that some of the results in steady state capital theory (which could be derived without too much mathematical effort) are of relevance in present day dis­ cussions about the political role of economic theory and the relative merits of orthodox and radical economics. Also these results seemed not to be known by' mO$ of the participants in these discussions.

Capital --- 330.14 --- AA / International- internationaal --- 338.03 --- Kapitaal. Kapitaalbegrip. Kapitaaltheorie. Kapitaalwinst. Meerwaarde. Kapitaalallocatie. Kapitaalaccumulatie. Kapitaalconcentratie. Kapitaalvorming --- Kapitaal. --- Business & Economics --- Economic Theory --- 330.14 Kapitaal. Kapitaalbegrip. Kapitaaltheorie. Kapitaalwinst. Meerwaarde. Kapitaalallocatie. Kapitaalaccumulatie. Kapitaalconcentratie. Kapitaalvorming --- Saving and investment --- Production functions (Economic theory) --- Mathematical models --- Kapitaal --- Capital - Mathematical models --- Saving and investment - Mathematical models --- Economie mathematique --- Modeles mathematiques

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National accounts --- Economics --- Economie politique --- 330.5 --- AA / International- internationaal --- 339.0 --- 305.4 --- Volksvermogen. Gemeenschappelijk produkt --- Algemeenheden. Nationale rekeningen. --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen. --- 330.5 Volksvermogen. Gemeenschappelijk produkt --- Macroeconomics --- Mathematical models --- Algemeenheden. Nationale rekeningen --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen --- Macroéconomie --- Comptabilite nationale

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National accounts --- Quantitative methods (economics) --- AA / International- internationaal --- 305.4 --- 330.3 --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Input-output analysis. --- Input-output analysis --- Interindustry economics --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Economics, Mathematical --- National income --- Input-output tables --- Accounting

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Economics. --- AA / International- internationaal --- 305.4 --- 330.3 --- Economics --- 658.11 --- Economic theory --- Political economy --- Social sciences --- Economic man --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Kinds and forms of enterprise --- 658.11 Kinds and forms of enterprise --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- 330.115 --- Économie politique --- Économie politique. --- Economie politique --- Recherche

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Bank investments --- Mathematical models. --- US / United States of America - USA - Verenigde Staten - Etats Unis --- 305.4 --- 336.71 --- 333.106 --- 336.767 --- 339.4 --- -Bank portfolios --- Banks and banking --- Investments --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen. --- Bankwezen --- Kost, rendabiliteit en concurrentie in de banken. --- Investering. Belegging. Portfolio. Portfoliotheorie. --(toepassing voor kapitaalkosten in de onderneming zie {658.15}) --- Vermogensbeheer. Financiële analyse. Verspreiding van de beleggingsrisico's. --- Mathematical models --- -Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen. --- 336.767 Investering. Belegging. Portfolio. Portfoliotheorie. --(toepassing voor kapitaalkosten in de onderneming zie {658.15}) --- 336.71 Bankwezen --- -336.71 Bankwezen --- Bank portfolios --- Econometrie van de inkomensvorming, de spaarvorming, de kapitaalvorming. Input-output tabellen --- Kost, rendabiliteit en concurrentie in de banken --- Vermogensbeheer. Financiële analyse. Verspreiding van de beleggingsrisico's --- Bank investments - New England - Mathematical models.