SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 
PART 
MODEL ILLUSTRATING THE GENERAL THEORY 
200. The general theory whose main elements have been set 
forth above can be illustrated by a very simple model. This 
model has some very suggestive features and appears to be of 
very wide generality. 
Among others, the model has the essential advantage of 
being easily adapted for numerical applications, and in par- 
ticular, of facilitating evaluation of the influence of the volume 
nf capital used on real consumed national income. 
THE ASSUMPTIONS OF THE MODEL 
The model to be examined is based on two hypotheses: 
Hypothesis (a): Paretian Optimum over Time and Invariance 
of ilt) - p(t) 
210. It is assumed that a Paretian optimum over time is 
realised (1), and that the difference between the rate of growth 
() In French « maximation du rendement social », cr in the terminology 
sf English language literature: « optimum allocation of resources » [see 
ALLAIS (1943)] 
11 | Allais - pag. 753