The Review of economic studies, Volumen4

7-period allocation amount assume assumption buyers capital equipment capitalists cent Central Planning Board commodity competition constant construction consumers consumption corresponding curve determined distribution durable economic equilibrium elasticity of substitution elasticity of supply employment entrepreneurs equal equations Estonia expansion path expected expenditure proportionality factors of production fall fixed Frisch given important income groups increase indifference curve individual industry investment decisions labour marginal cost marginal product marginal proportion marginal utility Marx maximise means of production measure method money wage-rate output perfect competition period plants possible present problem Professor Mises proportion of rent prospective rate quantity quota rate of interest rate of investment rate of profit ratio real income real money utility relative share result rise saving scale seller social dividend socialist economy stocks supply of money surplus value theory of value trade cycle unit utility function wages zero