Full text: Notizen Konjunktur

8a 
We find then that 
( fi - 'S / ( q - q D ) - I + C . (6) 
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 ^ 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 
u o* 
* = 
* = 
and 
a* u - ? 
% ^ 
(7) 
(8) 
and therefore 
( u - u Q ) q* = ( q - q Q ) ~Wt>] “j^(9) 
identically for each element of the vector,i.e.for eachproduct. 
We can now substitute this in (6): 
(4 - Jf / fa o) * £ +■ c 
( /S - 2T ) ( u - u q ) q* = I + C. (10) 
He re—lu-ji^^q^- 
Let us now divide both sides of (10) by ^ Y* = /3 
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 
fa 1 -■£“>!< - »„,) 45 I ** 
k ; 1,1 
■ , 
in which we can replace by y*, the share 
of the respective products’ capacity in the total capacity 
of the economy. /% 
l> 
M A 0 * L 
^ j 
1 t 
t£ t f &
	        

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