SEMAINE D'ÉTUDE SUR LE ROLE DE L’'ANALYSE ECONOMETRIQUE ETC. 695 account the greater scarcity of natural resources to be realistic. My question is how can the Prof. PASINETTI’s model be modified so as to take into account the limitation of natural resources when population is growing? From a theoretical point of view such a question may not be very important but from a practical point of view it is very important indeed. Thank vou. DASINET, [ am not sure whether I agree with Professor ALLAIS on the point he has made. My impression is that the problems of scarcity are theoretically very exciting; and yet in practice have not had ‘hat importance which our theories have tended to give them. The bulk of contemporary economic theory has started from ‘he investigation of the optimum allocation of scarce resources in an absolutely stationary world; and has then tried to extend the same concepts to a growing economic system. I am proposing a ‘heoretical model which starts from the opposite end; namely from an economic system in which there is no scarcity but there is learn- ng and thus economic growth. Later on — I am hoping — it may well turn out to be easier to introduce scarce resources into a model for learning and growth than it has been so far to introduce learning and growth into a model for scarce resources. VIAHALANOBIS [t is my conviction that one has to develop a model in which ‘here is no scarcity to begin with and to go on later to introduce scarcity. In other words, the first type of model has a kind of conceptual primacy with respect to the second type of a problem — t is only a conceptual primacy — the second type of problem may at each point of time be more important than the other. The first :ype of approach may be extremely valuable to developing countries. 10] Pasinetti - pag. 125