Grundfragen der englischen Volkswirtschaft

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Monograph

Identifikator:: 1043468137

URN:: urn:nbn:de:zbw-retromon-69435

Document type:: Monograph

Title:: Grundfragen der englischen Volkswirtschaft

Place of publication:: München

Publisher:: Verlag von Duncker & Humblot

Year of publication:: 1913

Scope:: 155 Seiten

Digitisation:: 2018

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: IV. Die Arbeiterfrage in England. Von Professor Dr. Edgar Jaffé

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 5: x;;, (=I, ..., n) be the volume of output of good 7 (by in- dustry 7) in period ¢, and x, (i=1, ..., n; j=0, I, ..., n) the volume of current input of good j into industry ¢ in period £, where the o-th good stands for the sole primary factor of production, ‘labour’. Finally, let s;, (i, j=1, ..., n) be the volume of capital input of good j into industry ? in period ?. It is assumed that the production function of each industry is of the CoBB-DouGLaS type, i.e. 1) MT a n t A … x, =F, I, HI Set + ; i—=1, .., 7) where F;, a;, and b;; are all constant and non-negative. It is also assumed that the constant returns to scale prevail, so that 2) ri 3) In each industry, unit cost is to be minimized; furthermore, it equals the price of output when competitive equilibrium pre- vails. It is well-known that the marginal conditions may be put in the form: -…., M y| Morishima - pag. 3

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