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 column
 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 consumption
 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