SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE ECONOMETRIQUE ETC. 
Ot} 
We may also look at it in another and more familiar way, 
by re-writing ‘ft = 
TI1.10) I- Ya, a. 
UMR: Ain 
>] 
< 
2 nk. Ain 
The left hand side expresses the proportion of total gross in- 
come which is not spent either on consumption goods or on 
capital replacement (the aggregate ratio of net savings to gross 
income), and the right hand side expresses the equilibrium 
aggregate ratio of net investments to gross income. Now, the 
right hand side, by utilizing conditions (111.6), expresses the 
equilibrium investment-income ratio as a multiplication of the 
rate of population growth by what can be shown to be, after 
1 few algebraical re-arrangements (1), the over-all capital-output 
() The proof may be given in the following wav. 
Call YY = ©. 7 YX": P,. and multiply both sides o. 
(III.0) 
X. 
YW — — 
x, 
a 
nt + 
14 
Add now to both sides the ratio of equilibrium total profit 
qncome * 
to nationa 
v. 
ni 
We obtain 
> 
D TA,h; Ain + 
J Gigi, 1 Api . 
si din 
“' 
ne 
PVE es 
+ 
10] Pasinetti - pag. qu