ABSTRACT
I have, to this point, explored aspects of the history of capital theory, and the nature of interest, profit, and rent. One should distinguish between capital goods and capital as an abstract category. The latter refers to the value to be attributed to a particular plan or set of production plans. The profits or losses to be attributed to a production plan are the result of changes (or the absence thereof) in the capital values attributed to it over time. These appreciations (or depreciations) in value are, in turn, the result of (are derived from) changes in consumers’ evaluation of final production.
