ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Techno-Economic Approach to Value of Capital Goods

Techno-Economic Approach to Value of Capital Goods R BANERJEFs rejoinder (EPW, January 21) to my article Towards a Theory of the Value of Capital Goods: A Techno- Economic Approach' (EPW, November 26, 1988) could only be read with a bit of humour and tolerated as a reaction of an engineer who felt that physics, thermodynamics et al were his exclusive domain not to be ventured into by a social scientist. I am used to this kind of reaction since I first started publishing on the subject.1 It was same with Georgescu-Roegen2 also who is a pioneer in this field of study.

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