SEMAINE D'ETUDE SUR LE ROLE DE L’'ANALYSE ECONOMETRIQUE ET.

lutions of (II.13) is therefore exactly the same as that wn:ch
has been found already for (II.g), namely "I.10) ~n- ‘he
solutions for prices (relative prices) come out as-Ir.



As the reader can see, the last (# - 1) prices are still of the
simple type of the previous section. However, this is only
decause of the simplifying assumption that capital goods require
 no capital goods to be produced. The formulation for
the (7 — I) prices of consumption goods are more general and
more interesting. Each price is expressed as a sum of two
:lements: the prime cost (a,, = quantity of labour required
to produce a unit of commodity) and the gross profit mark-up
(=; + a which in turn is composed of the rate of profit
in sector i (7;), and of the depreciation allowance (1/T;), both
of them being proportional to the capital intensity of the productive
 process (a,;, = quantity of labour required to produce
one unit of productive capacity).
Already at this stage, a pure labour theory of value is no
longer valid. The only case in which it still stands becomes
a very peculiar one: the case in which either the rate of profit

‘101

Pasinetti - pag. 2;