Deutsche Geschichte: Urzeit und Mittelalter

Volkswirtschaftliches Lesebuch für Kaufleute

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Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892064774

URN:: urn:nbn:de:zbw-retromon-237066

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Urzeit und Mittelalter

Volume count:: Abt. 1

Place of publication:: Freiburg im Breisgau

Publisher:: Heyfelder

Year of publication:: 1904

Scope:: XVI, 420 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Achtes Buch

Collection:: Economics Books

SEMAINE D' ETUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETC. < / nism and so on. And my conclusion is that the main reason for the difference in productivity between the United States and France, =c far as I can judge, is the play of the economic system. In any case I want also to answer some questions you raised and you did not mention just now. First I cannot affirm that there is only one explanation why the capital output ratio is practically constant. In my book « Eco- nomie et Intérét » (Chapter IX), I presented some other arguments relating to the CASSEL theory and taking into account the length of life, and I think these arguments are quite appealing. I would not say that there is only one explanation. I would suggest only that the stability, for practical purposes, of the capital output ratio can be explained by the constancy of @, which represents the intel lectual difficulty of conceiving roundabout production processes My present theory is thus at least compatible with the facts. Second, the coefficient ®, is, as I have already said, an index of the intellectual difficulty of conceiving roundabout production processes and psychologically, the thought that the coefficient © is constant over time because over time people have the same in- tellectual capacity to conceive roundabout processes, is appealing to me. Of course, I am suggesting an explanation, not offering a proof. Thirdly, LEONTIEF spoke about a possible cumulative effect. [ would say that I have done some quite interesting statistical research on the question of the intellectual capacity of people over time. More specifically, I have tried to assess the rate of growth or scientific and technological progress over time since the 12th century. [ have considered the number of major scientific and technological discoveries per century and the result of this statistical analysis, which I cannot develop here, is that we can conclude that people’s intellectual capacity has remained exactly the same since the 12th century. But, if one consider real wages, there have been tremendous fluctuations. Thus the commonly held view: that the extraordinary development of the West in the last century is due to new inventions is very questionable indeed. My opinion is that in fact the economic svstem has played a very great role Allais - pag. 201

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