SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC

700

the analysis of the influence of the capitalistic structure on
differences in living standards and productivity as between
 the French and U.S.A. economies, contained in my
1960 study L’Europe Unie (United Europe);
the BowLEY-WALRAS lecture which I delivered to the Conoress
 of the Econometric Society (Dec. 18th. 1961) at New
York, in which I attempted to give an overall view of the
work I had done on the theory of capital between 1940 and
q61 (1H:

the monograph which I presented to the Conference of the
[nternational Economic Association at Cambridge in July
(963, in which a full demonstration was given of certain
propositions which had been stated without proof in the
New York lecture

The present study begins with the presentation of a general
and condensed formulation of the theory of capital as I have
developed it over the past twenty years. This is then illustrated
by the discussion of a model of very general application; up to
now I have only given summarised versions of this model, or
demonstrations of particular aspects of it. I will then show
how this model concords with observed data both in respect of
its hypotheses and its consequences. Finally, some remarks
and certain applications will be given.
[t may be that this study is too long, but the reason for
this is that I have wanted it to be self-sufficient, providing a
complete demonstration of the propositions made. and furnish-(")

 This lecture was published in the October 1962 number of « Econometrica
 ». However, it was necessary to condense the exposition to such
an extent that I fear that this paper is practically unintelligible to those
whose who have not had the occasion to become acauainted with mv earlier
vork.
2} The references to these studies are given in the biblioeranhv

11] Allais - pag. (3