https://archive.freecapitalists.org:443/forums/222.aspxIf you are just dropping in or starting out, post hereenCommunityServer 2008.5 SP2 (Build: 40407.4157)https://archive.freecapitalists.org:443/forums/thread/82434.aspxFri, 23 Jan 2009 14:25:12 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:82434Jon Irenicus0https://archive.freecapitalists.org:443/forums/thread/82434.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=222&PostID=82434<p>Not sure. Austrians treat capital as heterogeneous. Perhaps Garrison has some insights on the mainstream views in his book, <i>Time and Money</i>?</p><div style="clear:both;"></div>https://archive.freecapitalists.org:443/forums/thread/82430.aspxFri, 23 Jan 2009 14:15:43 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:82430latropsudoxe0https://archive.freecapitalists.org:443/forums/thread/82430.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=222&PostID=82430<p>I have a question about the Cobb-Douglass Production Function: Y = A K L .&nbsp; I do not understand how one can possibly add up all the capital in a country. I understand how estimates can be made in terms of a singular firm but how does one add up all the capital of all individuals who all have different plans and considerations of what is and what is not capital? My question is not so much directed at the Cobb-Douglass Production Function but really about the idea of &quot;total capital&quot;. I am taking Macroeconomic Analysis at school and I am so lost. I started studying the Austrian School from Carl Menger&#39;s Principles of Economics (and a little bit of Aristotle, Hume, etc.). When I walked into my Macroeconomics class, I was so lost. </p><div style="clear:both;"></div>