SEMAINE D'ÉTUDE SUR LE ROLE DE L ANALYSE ECONOMETRIQUE ETC.
655
5. The dynamic movements of physical quantities and of rela-
five brices
When conditions (V.8), (V.12) are satisfied, each of the
‘wo linear and homogeneous systems of equations representing
the flows of the economy — the (Il.g) and (II.13) — yields
solutions for all its unknowns but one, which can be arbitrarily
fixed. But since, under our present set of hypotheses listed
in section 1, all coefficients and unknowns are dated, the solu-
‘ions no longer take the form of single values but that of mo-
vements through time. It is evidently one of these movements
which, in each of the two systems, can be arbitrarily fixed. In
the case of system (II.g) there is already one of the X’s — na-
mely X,: population — whose movement has been accepted as
siven from outside economic analysis. On the other hand, in
the case of system (II.13), no one of the prices is given so
that the structural dynamics of the system only determines the
movements of relative prices. As a matter of convenience, we
may take the wage rate as given through time ( W), so that the
dynamic movements of physical quantities and of relative prices
emerge as follows:
QE}
V.13)
&
V.14)
7
3
=Bet ..
LOA
ex
. x(t,
10] Pasinetti - pag. 85