Abstract: A monolithic ceramic capacitor with base metal electrodes fired in an atmosphere of oxygen at low partial pressure in which the reaction between the electrodes and the ceramic prevents conversion of the ceramic into the semiconductive state. The base metal is a transition metal or a transition metal alloy, preferably nickel. The method is usable with any green ceramic without changing the firing temperature. The only change required is from the normal oxygen partial pressure in the kiln open to the atmosphere to an atmosphere of much lower oxygen partial pressure.