Die Theorie der Volkswirtschaft

Study week on the econometric approach to development planning

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Monograph

Identifikator:: 892769734

URN:: urn:nbn:de:zbw-retromon-76808

Document type:: Monograph

Author:: Maslov, Petr http://d-nb.info/gnd/123876184

Title:: Die Theorie der Volkswirtschaft

Place of publication:: Leipzig

Publisher:: Verlag von Arthur Kade

Year of publication:: 1912

Scope:: 1 Online-Ressource (VIII, 293 Seiten)

Collection:: Economics Books

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SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. O81 are described independently of time, once and for all time. As a result, these models do not say about the structure of an economic system anything more than what is already said hy the corresponding static model. They add to it a projection through time, by taking the structure of the system at a given point of time and crystallising it — so to speak — for all sternity. The picture which emerges is that of a hypothetical economic system growing only in size but with no develop- ment. Each member of the community goes on indefinitely oroducing the same commodities, quantitatively and quali- tatively, receiving the same per-capita income and consum- ing the same consumption goods. We have already discussed this type of system, and acknowledged its logical consistency and beauty, as a mathematical exercise, in chapter III, at the same time pointing out, with reference to any progressive eco- nomic system, its lack of practical relevance. I should not, therefore, come back to the subject if it were not for the fact that once concepts are coined, they tend to be generally used. And although neither von NEU- MANN nor LEONTIEF ever extended their conclusions outside the fixed framework they adopted, the economists who are now-a-days using these concepts do not always appear to be so strict. It is indeed not infrequent, among economists, espe- cially to talk of von NEUMANN’s maximum uniform rate of growth as if it were a concept of general validity; and in particular as if it were applicable to a growing economic system in which there is technical progress. Since exten- sions of this type are unjustified, and since they distort che very purposes of VoN NEUMANN’s theoretical scheme, it may be useful to show explicitely why thev must be firmly resisted. Suppose the simplest type of technical progress, from an analytical standpoint; i.e. suppose that improvements take he form of increases in productivity uniformly spread over all sectors. In this case, it is only too natural to abandon to] Pasinetti - pag. 111

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