SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE ECONOMETRIQUE ETC, 537 
where 
rem: 
H = 
It is seen that a+b is a non-negative matrix whose col- 
umn sums are less than unity; hence (I. a °° ‘>o As 
d,<1, H>o. Therefore, it is at once seen that 
zl. 
da 
sry YZ 
» 
Lo 
[n words, all the long-run equilibrium prices increase when 
‘he interest rises. 
When the long-run equilibrium prices prevail, the con- 
sumption of good ¢ (per worker) will be g;/v; (see (11)). As 
g,>0 for all ; and g,>o for at least one i, we at once see from 
the inequality above that an increase in the interest rate gives 
(3) Furthermore, when the capital-labour ratios of all industries are 
>qual to each other, i.e. when the Marxian composition of capital prevails, 
chen ¢ is proportionate to the column vector a. so that 
d log : 
1 log 
‘hat is, all the prices in terms of labour increase 
3» yportionatel. 
Morishima - pag. 9