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Some Analytical and Practical Aspects on the Theory of Capital

  • M. Allais
Part of the International Economic Association Series book series (IEA)

Abstract

Thepresent paper is intended to expand some points of an earlier paper by the same author.1 These points were discussed there very summarily and generally without demonstration. It reproduces the text of the Bowley-Walras lecture which I delivered in New York on 28 December 1961, at the Congress of the Econometric Society. I tried there to give an overall summary of my work since 1940 in the field of the theory of capital; the general principles were set out in my 1947 publication, Économie et Intérêt.

Keywords

Interest Rate Capitalistic Structure Growth Theory Virtual Displacement Optimum Resource Allocation 
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References

  1. Allais, M. (1943). Traite d’économie pure [Treatise on Pure Economics] (2nd ed. of Pt. I, L’Économie pure [Pure Economics] of Àla recherche d’une discipline économique, Paris, 1943), Imprimerie Nationale, Paris, 1952, 5 vols., 1000 pp.Google Scholar
  2. Allais, M.(1948). ‘ Pouvons-nous atteindre les hauts niveaux de vie américains?’ [Can France match U.S. living standards?], Le Monde, 9, 16, 23, and 30 October and 6 November 1948.Google Scholar
  3. Allais, M.(1955). ‘Observations sur l’analyse des relations entre le capital et la production’ [Observations on the analysis of the relation between capital and production], in Travaux des économistes de langue française, Editions Domat-Montchrestien, 1956, pp. 188–223.Google Scholar
  4. Allais, M. (1960a). ‘Influence du coefficient capitalistique sur le revenu réel par tête’ [The influence of the capital-output ratio on real income per head]. Memorandum presented to the Tokyo Congress of the I.S.I. (1960), Document 61, 70 pp. (For reasons of copyright, only the theoretical part has been published, in Bulletin of the I.S.I., vol. XXXVI, no. 11(2), pp. 3–27.)Google Scholar
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  6. Allais, M. (1961). ‘Le Tiers Monde au carrefour—centralisation autoritaire ou planification concurrentielle? — (The Choice facing Third Countries — Authoritarian Centralization or Competitive Planning?), Les Cahiers africains, Création de Presse, Paris, nos. 7 and 8.Google Scholar
  7. Allais, M. (1961a). ‘The influence of the capital-output ratio on real national income’, Bowley-Walras Lecture, American Meetings of the Econometric Society, December, 1961. Econometrica, vol. 30, no. 2, October 1962, pp. 700–28.1,2Google Scholar
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  9. Jevons, S. (1871). The Theory of Political Economy, Macmillan, London. Malinvaud, E. (1961). ‘The analogy between a temporal and inter-temporal theories of resource allocation’, Review of Economic Studies, vol. XXVIII, no. 3, pp. 143–60.Google Scholar
  10. von Neumann, J. (1937). [Translated as ‘A model of general economic equilibrium’, Review of Economic Studies, vol. XIII, no. 1, 1945–46, pp. 1–9.] See also the very interesting commentary by Champemowne, D. C., ‘A note on J. von Neumann’s article on “A model of general economic equilibrium”’, ibid., pp. 10–18.Google Scholar

Copyright information

© International Economic Association 1967

Authors and Affiliations

  • M. Allais
    • 1
  1. 1.École des MinesParisFrance

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