The progressive theory of capital is an economic theory posited by Léon Walras in 1874 in part 5 of his book Elements of Pure Economics. See also Capital (economics) Capital goods Capital services Capital stocks Walras-Cassel System Walrasian General Equilibrium Theory Capital and Investment Theory Léon Walras References Further reading E. Barone (1895) "Sopra un Libro del Wicksell", Giornale degli Economisti, Vol. 11, p. 524-39. J.v. Daal and A. Jolink (1993) The Equilibrium Economics of Léon Walras. London: Routledge. W. Jaffé (1942) "Léon Walras' Theory of Capital Accumulation", in O. Lange, F. McIntyre and O. Yntema, editors, Studies in Mathematical Economics and Econometrics. Chicago: University of Chicago Press. T. Kompas (1992) Studies in the History of Long-Run Equilibrium Theory. Manchester, UK: Manchester University Press. D.A. Walker (1996) Walras's Market Models. Cambridge, UK: Cambridge University Press. L. Walras (1874) Elements of Pure Economics: Or the theory of social wealth. 1954 translation of 1926 edition, Homewood, Ill.: Richard Irwin. K. Wicksell (1893) Value, Capital and Rent. 1970 reprint of 1954 edition, New York: Augustus M. Kelley. External links Walras's Progressive Theory of Capital Microeconomic theories