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The Problem of DistributionPasinetti which use Keynesian income flows to determine distribution, and the various theories which rely on the equation of the wage to the marginal product of labour — or, with vintage assumptions, to output per worker with the least productive plant in use. These approaches have produced results

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https://doi.org/10.1007/978-3-319-43558-9ns between firms or industries in long-run equilibrium. Where a firm or an industry is in long-run static equilibrium, it is possible to specify its inputs and outputs precisely, and to use these results to compare firms or industries in differing conditions to ascertain the long-term effects of a v

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Nuri Bilge Ceylan: An Aesthetics of Boredom, capital was regarded as a homogeneous factor of production with a quantity of ., a rate of growth of ., and a marginal product of . This failed to distinguish new plant from old — for both were simply regarded as part of the same capital stock, with the same marginal products, etc. If new plant is

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Novellenliebe im 19. Jahrhundertind will have a considerable influence on the steady growth relationships between the principal economic variables. This can be seen most simply if this technical progress function is substituted in the basic equations, . and ., which were found in Chapter 2. Substituting . for . in these:

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https://doi.org/10.1007/978-3-663-12314-9In Chapter 2 it was pointed out that where an economy is on a steady growth path, there must be microeconomic equilibrium with producers and consumers satisfied that they are investing, innovating and consuming at the right rates, as well as macroeconomic equilibrium. The relevant microeconomic cond