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8095 
Thus we see that in the model considered, productivity de- 
pends only on ¢ and on the coefficients X,,/X and Xg/E which 
are moreover related to each other bv 
(432-0) 
As far as capital is concerned, productivity in the mod. 
is proportional to 7 and from the capitalistic point 51 view 
depends only on the allocation of labour between direc 7 | 
and indirect (Xg) activity. This allocation is represente* hv 
the « characteristic diagram 
1 
This diagram, and not th volume ot equipment, characterises 
the capitalistic structure | 
As between the two situations I and II above, the capi- 
talistic structure is the same. 
It would, of course, be inaccurate to claim that the volume 
of equipment is irrelevant to the higher productivity of situa- 
tion II, since it enters as an essential intermediary; but it would 
be no less inaccurate to claim that the twofold productivity was 
due to the use of a doubled volume of equipment. 
--, Allais - pag. 199