(I1.16)

600

J

{

PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28

‘
-
a4
TT.

»
I

1px, + - W

+
74

~
»

n

- _ ) ao, _ tn WwW
“ky m1

TT

n

3

le

OF — lp, WW
“Ry 1 k, 1 n=1

These two new series of solutions are basically similar to
(IL.11) and (II.14), although they are a little more complicated.
Each production of capital goods now covers not only replacement
 and new investment for consumption goods sectors, but
also replacement and new investment for capital goods sectors.
Similarly each of the prices now covers not only the profit
and depreciation allowance for consumption goods sectors but
also the profit and depreciation alowance for the corresponding
capital goods sector.
Since, in this case, the productive processes of capital require
 as input a part of their own outputs, there is one more
necessary condition for positive solutions — or rather a series
of necessary conditions — explicitly brought out by (II.15) -
(I1.16). Algebraically, the conditions are

(11.1%) T,.>v., 1=1I, 2, ..., 1

=

meaning that the total output from the employment of one
machine, in the whole course of its life, must be more than

to]

Pasinetti - pag. 30