Why Fixed Capital Cannot Transfer its Value to the Product
Almost all of the various economic theories consider that fixed capital, although it is defined as a final good, transfers its value to the product. This short note will show that this amounts to considering fixed capital also as an intermediate good. Going back first to the specific characteristics of intermediate goods and final goods, we will show that it is not logically possible to consider fixed capital both as a final good and an intermediate good, because this erroneous starting point leads to insurmountable contradictions. The postulate that fixed capital transfers its value to the product must therefore be abandoned.