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PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28
B. — PROCESS OF MAXIMUM GROWTH OF PRODUC-
TION PER UNIT OF PRIMARY INCOME FOR GIVEN
TECHNICAL KNOWLEDGE
Decrease in Real Consumed Income due to Growth in Primary
Income
420. We have seen [relation (233-2)] that in the case of the
general model we have
(420-1)
_ -kO,p
R_=K(t) e
where Rom is the maximum value of the real national consumed
income Re (1), K(#) is a certaih function of # independent of p,
is the coefficient of homogeneity, and © represents the average
(!) § 228 and 233 above. For a constant value of p we have
Roll
I
where Ra represents the national primary income ($ 110), œ(t) the effect
of technical progress (§ 211), k the homogeneity coefficient ($ 211) and k’
has the value indicated in § 228. For the exponential model we have [rela-
tion (251-17)7
K(/) =o
and for E=1
K{() z
ec ,P
de
‘
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111 Allais - pag. 188