Kritische Geschichte der Nationalökonomie und des Socialismus

Study week on the econometric approach to development planning

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Monograph

Identifikator:: 83457490X

URN:: urn:nbn:de:zbw-retromon-77841

Document type:: Monograph

Author:: Dühring, Eugen http://d-nb.info/gnd/118527797

Title:: Kritische Geschichte der Nationalökonomie und des Socialismus

Edition:: 2., theilw. umgearb. Aufl.

Place of publication:: Berlin

Publisher:: Grieben

Year of publication:: 1875

Scope:: 1 Online-Ressource (XII, [1] Bl., 595 S.)

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 08; not necessarily the type of goods that are the easiest to pro- duce. Even if we supposed that consumers’ preferences were such as to require a uniform expansion of production of all commodities, there is no reason to expect that the composition of production preferred by consumers should coincide with ‘he composition of production which technology would require in order to achieve the maximum rate of uniform growth. If ‘hese two compositions do not coincide — as would always be the case, except by a fluke — the composition according to consumers’ preferences might evidently rank much higher, in terms of individual utilities and welfare, than the compo- sition according to the voN NEUMANN criterion. The latter would indeed yield a higher rate of overall growth. but many commodities might remain unwanted. Secondly, as has been argued in Chapter IV, the consu- mers who enjoy an increasing per-capita income do not want 1 proportional increase of all the commodities they consume. As soon as their demand for each commodity approaches sa- curation, they are bound to spend the incrasing income on different goods. This leads us to a stronger conclusion than ‘he one reached above. The voN NEUMANN concept of maxi- mum rate of growth, if applied to a system with technical progress, not only may not, but actually can never, correspond — not even by a fluke — to the optimum pattern of growth, …e., to the pattern of growth that consumers prefer. Thirdly and finally, there is also the reverse side of the coin. The von NEUMANN approach imposes on the system ‘he requirement that all commodities should grow at the same rate. This is an unjustified restriction. There might well be just one commodity in the system which is very dif- ficult to produce, in the sense that its production can only grow very slowly through time. Now, in the voN NEUMANN model, which insists on the requirement that all productions must expand at the same rate, that commodity inevitably 10] Pasinetti - pag. 113

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