Essays in the Theory of Economic Growth |
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accumulation of capital Aleph Alpha analysis argument assumption basic plant Beth capital-saving capital-using bias commodities competition constant consume consumption consumption-good sector consumption-sector curve degree of mechanisation desired rate determined economy employed equal equilibrium position equipment expected factors of production fall finance firms full employment gross investment gross profit growing growth rate Harrod income increase investment sector labour force less lower rate marginal product means of production mechanised techniques ment money wages money-wage rates near-enough neo-classical net investment neutral normal prices output per head physical possible rate postulate production function profit on capital profit on investment rate of accumulation rate of growth rate of interest rate of profit real cost real wages real-capital/labour ratio real-wage rate realised receipts rentiers rise robots ruling rate scarcity of labour situation stationary stock of capital supply technical conditions technical progress terms of labour-time thriftiness conditions tion value of capital workers