Der Zukunftsstaat und die Lösung der socialen Frage

Study week on the econometric approach to development planning

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Monograph

Identifikator:: 834226952

URN:: urn:nbn:de:zbw-retromon-69893

Document type:: Monograph

Author:: Blume, Th. http://d-nb.info/gnd/172736765

Title:: Der Zukunftsstaat und die Lösung der socialen Frage

Place of publication:: Hannover

Publisher:: Meyer

Year of publication:: 1884

Scope:: 1 Online-Ressource (VIII, 118 S)

Collection:: Economics Books

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SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 663 technical and demand conditions prevailing at that point. But owing to the simultaneous change of the two component struc- tures (physical quantities and relative prices), their comparisons through time entail the so-called « index-number problem ». The difficulties arising from this problem may be negligible when comparisons refer to short periods of time, but they in- crease more and more as the time elapsing between the aggre- sate magnitudes to be compared becomes longer and longer. 8. Short-run flexibilitic Before closing the chapter, it may be useful to hint brief, at short-run possibilities of adjustments. If displaced from po- sitions of long-run equilibrium, the system possesses in the short run, some important possibilities of flexible adiustments, owing to the parameters «, 3 and T. The values of x, 3, T which enter the model represent the long-run normal values of these parameters, which may be constant or showing mild trends in time. But in the short-run these parameters can be easily and widely influenced, thereby affecting the size of the stocks that the svstem can utilize. This means that productive capacities and labour never represent absolutely rigid concepts, at least in the same way as the physical equipment and the population existing at any certain lime do. Between these latter physical concepts and those parts of them which are relevant to the productive process, the men- ‘ioned parameters provide a sort of flexible cushion. Tempo: rary variations of 3 and T mean temporary increases in the productive capacities of existing physical plants by utilizing them more intensively or by keeping in operation some mach- ines which were due to be scrapped. Similarly, variations of {3 and « mean increases of working-hours out of a given po- pulation. obtained by lengthening the working week or by ‘10] Pasinetti - pag. 93

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