SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIQUE ETC. 835 
and. in billions: 
Then, from (333-6 
P* = 
=— 410 
.2+ 
0 
.00 
85 x 163 
4 - 
35 
7= 
38 
4.0 
Private investment (excluding consumer durables) amount- 
ed to $64.4 billion (°). To this figure should be added pur- 
chases of consumer durables amounting to $38.5 billion (9), 
making a total for private investment outlays of $105.9 bil- 
ion. The value of public investment is not specified, but it 
may be assumed that both kinds of investment are in propor- 
ion to their share of existing non-monetary reproducible ca- 
vital. This enables the value of investment to be estimated as 
~~ x I05.9 = 121.8 
() « Economic Almanac », 1962, p. 121. 
(?) Excluding monetary metals (« Economic Almanac », 96. 
valued at $26.5 billion: 
1226.2 — 26.5 = 1197.7 . 
The figure of 1226.2 corresponds to the global value of reproducible capital, 
of which 26.5 represents the value of monetary stocks of gold and silver. 
There is also a question as to whether military assets ($84.3 billion) 
should not be included also. These assets contribute to the supply of the 
anal collective service « defense ». On balance, it seemed preferable to omit 
them, but it is open to discussion whether they should not have been 
counted in. 
() Ibid., p. 140. 
*} Indirect business Tax, Ibid., p. 121. 
() « Economic Almanac », 1962, p. 122 
f¢) Ibid., p. 140. In billions of dollars. 
Public buildings and equipment =35.6+145.7+ 5=156.3. 
The figure of 156.3 corresponds to the overall value of the different clas- 
ses of governmental reproducible capital. excluding military assets valued 
nt 84.3 
Allais - pag. 130