SEMAINE D'ÉTUDE SUR LE ROLE DE L'ANALYSE LECONOMETRIQUE ETC.

8095

Thus we see that in the model considered, productivity depends
 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 capitalistic
 structure is the same.
It would, of course, be inaccurate to claim that the volume
of equipment is irrelevant to the higher productivity of situation
 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