Full text : Study week on the econometric approach to development planning

THE ROLE OF CAPITAL IN ECONOMIC
DEVELOPMENT

MAURICE {ALLAIS
Ecole Nationale Supérieure des Mines
Paris - France

« Science attempts to establish the conceptual identity of
chings which when first perceived appeared to be different ».
EMILE MEYERSON: Du cheminement de la bensée
{On the Paths of Thought).

« The truth of a theory in physics is directly related to
the number of valid relationships which can be put on record
by it »

HENRI PorNcARÉ: La valeur de la science (The
Value of Science)

« The aim of any theory in physics is to represent experimental
 laws; the words truth and certainty have only one
meaning in terms of such a theory; they express the agreement
 between the conclusions to be drawn from the theory
and the relationships noted by observers ».
PIERRE DUHEM: La théorie bhvsique (Theorv of
Phvsics).

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