Capital Accumulation and Investment

This lecture by the instructor covers the concepts of capital accumulation, investment, and human capital dynamics. It explains the determinants of investment, the importance of technical progress, and the conditions for a growing capital stock. The lecture also delves into the estimation of a stock of capital through various methods like capitalization, inventory, and present value. Additionally, it discusses the relationship between saving, wealth, and income, as well as the sustainability of capital over time, drawing insights from Adam Smith's 'The Wealth of Nations'.