A theoretical analysis of growth and cycles

Preface 7
INTRODUCTION 9

I. THE MACRO-DYNAMIC MODEL 11
1. Introductory Remarks on Capital Formation 11
2. Structural Elements of the Model: the Production Function 12
3. Structural Elements of the Model: the Capita1 Stock and Investment 15
4. Structural Elements of the Model: the Investment Function 16
5. Structural E1ements of the Model: the Consumption Function 27
6. Constructing the Model 28
7. Mathematical Solution of the Model 30

II. EQUILIBRIUM GROWTH 36
1. On the Problems of the Theory of Full Equilibrium 36
2. On the Nature of »Equilibrium» 33
3. The Equilibrium Solution 39
4. The Equilibrium Conditions for the Parameters 42
5. The Stability Conditions for the Parameters 43
6. The Equilibrium and Stability Conditions 45
7. The Equilibrium Conditions: a Numerical Analysis 45
8. The Stabi1ity Conditions: a Numerical Analysis 47
9. On Full Capacity Utilization 50
10. The Preconditions for Full Capital Stock Utilization 51
11. Full Capital Stock Utilization: The Shape of the Time Path 54
12. Full Capital Stock Uti1ization: a Numerical Analysis 57
13. The Results of the Analysis 63

III. ON CYCLICAL FLUCTUATIONS 65
1. A Theory of the Trade Cycle 65
2. Some Alternative Starting Points 73

CONCLUDING REMARKS 78
REFERENCES : 79