SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE ECONOMETRIQUE ETC.
20.
population were to increase to such an extent that just space on
which to exist would become very scarce, and it might actually be-
come a problem well before that. It seems however that technology
has so many possibilities for food production that are less land-
intensive than the ones that are now being used, chat there might
be at least a temporary offset in technological progress.
As to the assumption that capital does not depreciate, I think this
is a difference in degree but not in kind. As Pro:. DORFMAN indi-
cates you can indeed reinterpret A as the sum A=), +X, where
)., refers to population growth and }, to capital depreciation
MALINVAUD
I should like to argue that Prof. Koopmans has been quite wise
in these kinds of simplifications. We are certainly not living in a
one commodity world in which capital would not depreciate. But
some of the difficulties of intertemporal choices will appear with
full clarity in very simple models. At the present stage of our
research we are therefore justified to study carefully and exhaustively
such simple models.
In particular it seems to me that difficulties occurring in more
complex models have not been fully understood in their natures,
because several sources of complications mixed their effects, and
the origin of each new result was not clear. From the point of view
that interests Prof. Koopmans, I do not think we should reach dif-
ferent qualitative conclusions if we introduce many commodities, if
we assume that capital depreciates, or if we take into account the
fact that land is not reproducible
PASINETTI
I have very much enjoyed Prof. KcopMaNs' skilful, elegant anc
perspicuous analysis. Yet, I find it hard to accept his conclusions,
which seem to me best summarized by the title of his section
4 | Koopmans - pag. 67