Going Back to the Capital Controversies: How to Forget the Problems of Economic Theory (Retorno a las Controversias del Capital: De cómo Olvidar los Problemas de la Teoría Económica) (Spanish)

Abstract

This article highlights the significance of the critique against the aggregate production function within the neoclassical theories of growth and distribution. It looks for reasons to explain its continual use in practice and in the scholarly domain. The marginal productivity theory of distribution is presented; its main problem is thought to be located in its theory of capital. The critique of this theory is exposed, as well as the arguments that were used to defend it and the historical events that allowed it to succeed in practice.