Steady State Capital Theory

The following lecture notes were written shortly after I gave a course on capital theory in the winter—semester 1970/71 at the University 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 ex...