Full text: From Stagnation in the 30s to Slow Growth in the 70s.

We find then that 
( ft - ¿f ) ( q - q 0 
This equation yields an implicit determination of the 
quantities produced, given the capitalists''outlay and 
the price-cost relations in the various production lines. 
It is thus an implicit multiplier equation. 
We now introduce the vectors production capacity q* 
( q K. q* ) and utilisation u ( u ^ 1 ) . 
For each product separately, i.e. for each element of the 
vector q we have the definition 
u q* = q and (7) 
u q* ■ q Oujm. fnivoJi, -yi/friwt- frv* UaMiAi 
and therefore 
identically for each element of the vector,i.e.for eachproduct, 
We can now substitute this in (6): 
( u - u Q ) q* = ( q - q Q ) 
{ fi - T ) ( u - u ) q* = I ^ C. 
' do) 
Here (u-u Q )q* is one vector, not a vector product. 
Let us now divide both sides of (10) by Y* = /3 q*, 
the capacity of the total economy in terms of money value. 
The vector product on the left hand side of (10) now 
consists of additive terms of the form 
/5(1 - ~ ) ( u - u q ) q* / I* 
in which we can replace q*/Y* by y*, the share 
of the respective products' capacity in the total capacity 
of the economy.

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.