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    MEC-4-HM

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    42 views46 pages

    Mec 4 HM

    Uploaded by

    mohnish aryan

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    of 46
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MPK @ afi wo H ga He ferar oT waa F— MPK = flk+1) - wD Wie ( 4) sik faa. 1 arr weRic scres Serr @ Ted wa 4 Prt cemli a wera St wR 3] 1) a) &-0,f@®=O) b) MPK emia eter & sata ¢(k) > 0 co) kas Ww MPK Vea ®& seq f"(k) <0 2) SHIGA Gerd B es BT ST SSM FAST Hfaaeit (Inada Conditons) Fr Woe oe & fog a we F1 a) lim s’'(k)=< oh aren @ fi wa Soft SR aga wa dian @, oe #0 MPK @ret sift lar 81 b) fim pe) =0, ot aor 2 fH wa Goh SR are afta Se STs MPK aa} OA Biel BI 4 afters, fret Hise 8 Prat Prorert & fey onazare 8, oe wet aftr wfaaaeht & ak ge ara or favara fray S fery enftar fey ay s fe arian ari age yer 8 ree 7 OT) faa 18 ge ere 2 fi am & fort of fg oe cht eh wef tan or ww SAAS Bet SPT, WHY we FH ani sik aed F (Ha k ase @), Ta THT asi Gr Set Fea VT S| FA WHR MPK Te WR Sea ET EMT 21 gad afta k-0 we Geren worst a Eref kar ys Geatee tar ee & (@t aah 3 fH MPK=0)) GY GS k asa @, senea wert Wacet ett ant 8 oie Wa ko Ta BA MPK=O0 Ue re B | Het WE Ser FECT & f det Fise K, Lote a @ afafat oma raat Gr FETs ET aT SIN ore: we wares wor A enfhat ai fear ara 2. weqoit a air We tall alarren 4, age A itr omit aie Paste sated & ferg at art & | art: Y=C4#T ( ® ate wat ( 0) @) a ome a goal A cat (oul ga JS Rl ae 2%, tek PT yreti wD ( 6) 4 & wont aa sie ya@ Patt v1 ets aa 2, ot usta ong ait Arrears H wofterfe eel & ark 1B Ba) wa wegharer F aeerans fy wont aa a ers fear ore & va we Prati Gieht sae xfea Prafet a) enPret wel Rea Gren wife sels wT aq Ara UT BL waft af citer ort srg or ven sists FHT Bi SG HHT » THT Ge B Sie SeTHT Ao 81S we aT ona 8) a 2 A oe she aaa S ea GT ST wafer sar 1 y wee fk) raz) s f{k) 0 k Rea 2: wears Ge RT aie garg wardt 1 Tact =sy writ c=(l-s)y = ya(l-s)pti 8) =>y-(l-s)psi yoy tsyai sei wa 9 ( 9) wien ata & far wae Pras Bayar edt @, ve Refe srlerarer @ Viger & far sravae ah oer F) Westies ar fears ise Fae? eater a coher Afra TR Wiss aT eae aise 1 Rs sr aise Ht ec 2, Bate share afer were am HATA GAR Wissen aise ft wearan: vfattea facut ga dare wy arena B fa star wore yor Viste ae eeoret Hr safer ae 1 Fist at eae Paar fe Ror Vo vrafeat wo 8 sted aét earl Fist ar PRedsor eae: sieves faxrser aT Hiaeed seeenera a Bere aT see fears Ht cent ar eee Pre] See TE aft eaee Pear fir ta cent ater at etett rent aot ar afte ge A Reeafaat apr aranfter sterar Harfaecaticen qerait & Tamora ET Pee oes Ht ST AeA S| isIE Faxetsor are gfe Br Garraensit ar sear wep Va ax ON eee eT ae ar fone Baeenfeen agar ar Eersenrferay Her Wa Hr eT Se Bars atl Yr eevee Fr feafe a art awh feafta selerreensit & ag ogi cat ont & fe ae Ta oe faferater Ht arden after ett G1 gee arleaaeer seater Agee Fr 3k set BT eae Hepa aH Sl Me: ae PR AL AX Seoaet TAA Fr ALS HA ey aac TI sae aicraeer A afeftec aaa Scoeat eet orc @ ott adrdanfers agar Fr afar 81 aatt HR, ae eaaen eat S Re Serres ere HT a A Hew ara A ge AT at Wl taht Peete F arleaaear F Yoh cere Sh waht atch & si arteaaeer parse Ras Terre aT EET AT TA HT HBTS HLA TATA BI Rie-20R aise & wa a sifara gfe: fraser seleaaemr carr sree A or TT areas & gaat A Rets-stare Reeeaor vege rer ter ot wae aT ifs gfe HERAT FY STU ATTA AT BUS-SAT Aso Celt ax at fare eat er TATE F Fred wedta scores A srfeta a aren citar Be Fr aed Seas et ae aT are Sheer oer Ot Rorae EAT HT see Tar Ste Hare at aretha Sferet ge sea et Ba] Heel AT sea Ge AM MOT HT STUN Arar STL. RIS Ua FST. SHR a Ff Faia vega fear! als a seen Aisa ste S oeet Wega Pe fea A set sae Hise A Becton fears echt & afer seas Hremage fra wa ge) antes gfe ht aaremnait ar feats aed ge Chart aecenerat A atfe Rts-stare a Goh eae a Aecaget arem| wiaftor selenferat at ara Yoh dere & yf var oe caret feet Pear ce Arar Gar By A EATSHT oe Pera aet PRAT! AI ist A (1930) FT nersidt & feat wae a Beas A ator gar aw Salt CARAT apr HTM sea TAT arora ar ofS area Pera a ra) Rs. share a sitar Ca ae etait gait aT caret Hvar] Seghet Yoh Sere & alee wera Hr Heca HY Vaifesct rar] RIS-Sa SPAR Ye Fee Way AL HLT HT Est LAT Fl SA HH ScaeaT HM Alay HT TET ea Sl Aaa Be ae Seer A Sea AHA HT Tet Goh EereH A Phe He TSTAT Sl awa fret wae Hate F seleraeen F ee fateraer way Hor wee gy Are et eH TAA OAT BHT SST HAT SL GA HY Se Mia Ft MT AeT Ua HT SHE TAT Bat Fa HE UE See HI TEAR ER Tegal A ea BI Paterater Ft AEcayCT sqft: Bats-stare & raat of aiser A FatReter st afer at arecayCt ara BI Sar 5 sapere Fafereitar & are aor aoret Sta B Fora faferetar a ater sera ser sa Bl ae aR Ug arelouceen AM Scareat area a aera B Fora faferatar arr ofet Tar aAeT Site BI Se ae eg Paferater Peer sre Warr, areca are ves Seoreet H gfe atch wah Sire 2 opt Voie eget FN aT gee Tae & FSU Ye Ha Vaal ScHeat Va BATT aT OT aed €1 sah oRoracaeg Got cern HM Score arate H aca sar S1 Ble Hier vs fel gar a aS Piece SAH ore B at Sa sferheret arate Serest set F ce Sowa art fafreter cae at afta weer & fae aes alan 81 ae: set areal wae Cae HTS VSI Ea A A Hh F Te HRCA Atel A THAT Fhe ae a ea aah B1 eave B fee ale Aelara F Pl dove Ht ae HT ae Tae oat ag faitata at Bafta oo 8 agen sieves eel sea ae A arava ae aT TT STA Gel GX HET TAT Res Aisa se FreaaTe: Rs shK aise Ht Fest fara E: (@)—-eaereer areas gut Novae agora Mt sraea HS Gi) Beart eeaate wet ela Gi) dq arioraee & oRaccen A aS & Sree arora ag 8 fe fadeht cara aT vara sree 8 Gv) aaa ar shea ud thats ugiaat Ren area ddan A cae Hot Tatas aera fag f eae RAT a1 (vy) Warts A ang sierra aware ast 8 arate fatale ud Seoteet aterat a Seaee Ba Baa TATA ae a STAT EI (vi) Spt apories Ree & stelter Goh eer ar SeoTeaT B sree FRAT AL (vii) eter Vas MAR & See ST SeTTeeT HT STAT (vill) Secrest ar wire Hy Gott a ata a FR sey El Scat PEN area se BY ees Sefer Sra Fl SA HeiSaTE g Fs Scot A Yh a aah aa HT afereentter arte Ar aig Hanae ferqaaret set SL Gx) Braver car eae g sare Usdra Sarg at Ree chara oe Score aT are Sd (x) Ypiteern orang ere agi BI (xi) Sarr Sr agt ar PR Ae TT] Sere areca at Recor reece be Cae A aT aT ge aT TT ga Go sehr ed ge af Rs. ta Fa coca was at at Wis-s aise M Goren: fowfsa selva H Has A Ns-SR aisa HAT afer gfe arraezerenst an Peat aed BI eit ae wits A Gott A ec aT 1 Spht-seorest areprat A few ele oy Se cree aera Fy SHAT Weel (APS) art AY AeA 6 afect MPS & aeray grat Bl sere a Feferetar ht arretA Phe Ar GT ax AT Ea BT aqse axa BI ae Ease rer ST aa F Pe AS aT area BalteALCT GC = § She & TAT Al/| = ao H GAT EL Ris aT TAHT GC = 5 wi G=8¥, cod wm sa¥ arate eohsen Pra wer fee aT at: ar 1S q AY, Yay av ey gr, ay _ AY ee a S=1 an a arg wie tis ad « ee bl as7ay ~ Alx AY a Kat nay 7 Ar= as ease Re diet aisct A Boa ar fara ge Mt came wen Barat Bl ae aft wafer Fea oH Bears Ph Rs Gant alta gfe Ar sae a Gw, SAT gare afte gfe At Fare Rachael ee a=S¥ W S=aY = AY! W AY=!e Firs Sr are: wwe Ga) Hz at IM s frat AY=So wiser () 3 5 Ha aT aveav.c t Feae fF Gw = AVY a Gweee we t fe tte a Gw=l=am Hee Uf SHR A 0, BUSH gH MATS TM SAL A o BAS AH Cr SH HHS He: STAT AT emt Star Bits HM sift SI Wissen Aisa H anetaancae Aeataa (Critical Evaluation of Harrod-Domar Model): afta srafarhr Hr sit cart area ata ge Riese a accretir uftfeaferat & seta a gfe feeds vega Pear] ae was Ca TAS a Ta Uae SAT fare arersidh athe att rer aera aia a eeorit& arenerat a ear ape PRAT ‘ibfererer fetettorer & arefter srfercer surfeiey qf waar aaet ge ore Hy aaa Fe eT off at ag oftuet aefeeraeenait & are fA vel eit a ahora ae eet eM sa oe Ay Ris-sen a gfe A sa sifacer at at Gol Vow HN WE see Taal a aA Pear fore FBT a Aer Sepeet a G a Se Sah He et Teele Seat TR ARaferal at esa aT fies sien coger aire at gta areht Gf A ax Cal etch Bret ateaareen qenhanfars ASA A AIAG ALITA S Feat WE A eel HIM Ge Hise ART TIS Pare Ps Aetel Fe Sq FAferaber way BH HTH Yor T Gant aie Sere atere A gfe HLA EU Stee syle aT rae HA Bl aS BS aT ERT SHRI STE HITT STAT B GH He AAT AR OR FL LAT BI Ufe 37a Wah ARISE ax ON Se TER ae FH ag UT ove cat ar OT ara ay ET pit cere ar scat He at gol Gor BH sae Caer asta sla 81 BUTS Aisa fasat ge faftee areaensit oe arenfta & fares are ae Aisa caraeritey eve dita sas aT eI Bitzer #1 apa share Paeifva Paegait & cree A on aac: (i) rar ear Sait aH Perea At area ateyeh: sar waa Goth ar ferRerct Herat sretar Fane set Sr arreare AtvgeT BL Sera ar zag A SeoTeat & PART area aft fart dar oa ofeeentte far ot waar $1 aaufattea aise a scares & at werait a Hee Serer ACTEM IT ALA EL seeeTAEM Sy Aetet A HALT Phe a ATT OR dort ht earae case Ht Te] i) BNs-sar Hise A saa sala (a AT S) ae GoM Sema HepT o BY PEM Are TAT 8) aega: Geiarea A aaa wpe way Goh seaea separa A afar eer Fanaa F] elt a Hea Fe HM sraeaeensit eq at geet oRacter ear 1 Fadi SR Ug Fret HL Tora S Ps Be Hee Hla ETB A SA AACA HY TT OVA oH GANT YOM SA WAT BI (ii) RISER Aisa F Hrs Tae Ht AP Are GT Meh sah caragis wT ST erates Frat wa a arr ager Fl Aa wa areslaat & sepa ale HT oRada van scares & oRadh srqoret at aes Het are ot wore A eis F andl afte eg Penfdes a see Tae asta BT AFT (iv) Fe Frere Pas carat Hr at H ans oRacia wet Slat srareafaen Ud sea E1 caret Hr ax Pateratar Prorat Hwa wap wes aet F cfeher afer Scareat Hal A zara ee at gS are arate Goh A aif A fe aa Way ga eR aE AT titra yf at ar ace ists Sera Bd (vy) Bas-stat Paeaaor Ft anit ae ae arent arimat & sara ar faeaeor ach fren oer %, sa aden aaa A fats & gant gfe At sea att at sats fear sre 1 (vi) Se AIsa A Soe H CaaS SH ret Havel Ta Tes sit fh lease F Pao AT TARA aX HY WTC et Oy HAVA Bd (vil) FOSSA isat Fr safe ayer oe arena 1 Seele faitest wat aT Serb aeat A fears aXe Ee acre Ar Bae ARMs Hr Cart A are val (viii) RUS-SIR Hise A susie aegait vad Ysitarst aeqait A ste ap case atgt fear meré (ix) ge eRe ed cred frsel ache & areqE ae Hise aieara PAE Harcltepet OX EAT at SeReT Sosra Sanat & aragS IS Sa Parser sa aT Hea fF ae anit gfe Bae S Hai STU Hai Ht Aloted HT TIT ATT Fl Sherer &. BRENT FER BUSS Ge Hise Gl wo a Heer aft oe Senter & st feeetter gee Fewer Ft caret FH Tae Fl sad are g UH Seats arteaaeer A varfaeher area FH qarrait art afar arxet & fore Serre are F1 UE Sa ARO HEAT &, Fale Ue Fist & Eafe stove sae a faferarer ate ar orate edu sega ara eI We dis Fr anita fear a Raia at career Afot TR Ris MH anflte fawre ar Raia: Ms A anf fare ar Maia sew, As a ay eitey GT Towards a Dynamic Economics (1948) # aferaeen Ar Herel Ge aS eat wratires Favetoor sega Pra Sere spa Ae ete Fe sae erat S at saa seas Seger FT aR HT Hep BVA aie: Yetdanferh Aer MAK aT Aer ape Hr eufae Beaeet eet bits anthe ge Medora aha qua west: 1. Aerarerfeeer ar stererear at ater areht gfe 2, afer cater searga Foraar ferateor aarelias & Fax a wlat gare tar 8, va 3. Soiree Bats a create ane ay SH arias & Radia & afPtemerr Parl Gott ori a ero SeaTEeT FY TET Set areFh Yh apr step sTer Heifel aire ahr ae ax FSA sarang faferatar aT SHAT 8, STAG Tabet ST Woe TAL CA THAT GAR AT A eT gS eT ot apres & See oe AS a aeaeAtHY het & tet WI aA: 1 Ba SH aortas awe & SACL Kol Yo < Ki Yi Te cee aT TET BT BT AH 2. Ste Gait aortas Fear F Hee Ko/Vo < Kyi, Ta Tamales Yoh ar sraehfFer weet areht rere 3, Wea GSH apprien fetftaner eter & HUTT Ky/Yo = Ky/Yi, oa crapettehy anhet aft Famer atch g, Be cer FH Goh & ary sraRaciereite ge F1 Rls Feta Ge HM oie H Yoh Fr Hea HY ABT ATA SA Sect AY IATA aI Tees Hee ed 9 ware ar eats forest citer strait H ied &: i 2. caftara aud rere cafercare sraeenansit & gfe etch f Sa Humpsaving Het TAT! Serene gat seater caterer See aT aE sere FS cals Seer Sera We Bis Sra arate aad ot carcantte wait a gant At ag aed F1 Ris & seen fear sagen A caffra var ate gad yea att Bl dat Secreta act wares ath G1 Fax areaeer aH aerett ay Ms ator art att wa Vat sierra set serie ae wet et oe aah were fee et, sect es ooh Haga Br GOH ay | ee Hor Sat ar seer array F1 Sey evar cer * caleeare Uae HINT sect 3H A ATT-ATT ASA Beis ret a THA EP: @) fare frac were A aerate Gert Se Gere Ay Her ar eh faa Hey Ba 8) areaiee aera sepaiea aaa 3 aeray cleft ange! sae Ure gt areata aad areata faferater & aeray ere eI Gi) Breet carer fever aren fafereter ferole Saree aT orca YS Ha Oe Pea LAT eI ‘afer aire & gfe a Horeaws at Gott aoc & ata: Gott hy ara a gfe ater Faferetar Bel Hae AT Tl AS H HA HEA HAC HA GPE A aX Pere HY ATT arg tes ar aise gfe A atte at ar oRanfta Hea a: fae areata ax BR G cane aifeawa Pra ora 81 gfe At arealoe ax G ae of x wa Sih-sere ax aH carer fresher eet 1 ae ger Hr ax H sresenreher THT aftacat at afaa eet 8 qe Fr sae ax gfe Hr sravas ax wt Gw & cant fereta Peer wel ae seleaaeen & arg Fr yot arate ae ae Sl RNS a sepa Fawr HY saws VT Gw, ae ofa ax & fore OR reat ane fora ore at creer Celt aera sree A 3 Set Farag Set ene Ar garfet Hr earth fore aH Te EI gfe Br orepiee ax zie ant wrepictes ex aT Gn & CART eae ea sal AE Ieee ah tah ogfer ay feta ee B, Ta Ut orang Raaearet ee F TA AT WAN wet ea ue gfe At ag ae 8 ot cererear gfe a cemettehr qunt gare sea Fr Tet BI gfe FT urepican at at Bais a 3raet alter AT Second Essay in Dynamic Economics, (June 1960) F ape Hea A AAT AT antler gfe & walter: Bs & Hise A ger snares waht Ta Vaal faferasr a BRT apt fateat sear aifPlerae ata 8: GC=s (1) 5t G = we few ge are Farrer Sr areaeer Phe ax ge aire H ehey arch Ger AY Het Sa Y H SMTA A AY/Y TART Hah PRAT STAT 10 C= oo A eg gfe se faferatar 1S ara H eet areht qe AY & Heyer see] VAY ant wraftter fare ora é1 s = Sarat & aiteer agfet oret were a re arepara ar SY feret ter Peer sar 81 watteT GC as hare Hens FT wae wan Patera at areafeen wo S afsteaea Pra area e1 As EIS axa S fe areas ‘aad areata Paterstar & aera echt & sere Va ateraear & carat aaeit Ht se WH AS ‘wat a faferattar a seeferet Seer Gane afBrerera ata Fl ANS a TePA Ta BTA BH KAT WT ‘feral arecht & cen faferater siren & gfe A ax oe FAR HAT a QS & SPU Heel AT aifata Ge & fore sagen A qhe ar areca ax aera et Gf Hr Sra at a Healey arg A ter ave qe Ar ex seat Gatea gt St Suse at Sea Gare Pe ary areata Faferatar & tighe Va wa] Sesiet re care at SuspaAh & faferater ferotat IEE AAT Be Beat A Seg ah Areas at ITEM Fe: (i) fore Bare afer aH ere sere Ser areaver A reer Ht ave rer ar fener sry tc F TAT ii) Ferforettar aarer Ht Stet ache She Ht x ar TATE TTCH ere eae € fee RS caer Pata ar aera Hee S Sree sree Seat A let arch Be Goh Ferm F fe aectt & Foreee can geqait aor Scores Para cra Sl Say aifsroTa g es Soaps Git arreth srrer ah Uap Siar apr Feaferettar ae We S Se aT S vaNfa eid F fe VS seas A SeoET gfe Hr eX a WEN SHAT Hae aa HES ela sia aa EU Aafercitar A sae: SHH ST A qe etch 1 shift faeceor & sre a Vor ay Ta Herat A eT Se @, Ta Perera wat yor: Feranfonar faferater aor wo ool Rts HPA ge Te ar Pafersiter spheres WI eave aT atar| faferatar at Oita area & fare sree t fa area gfe at Be ator eet & fore AS Acted A HALT Ge AT AeoraT Se Hl Tea Ta HAA T wae: Gw. Cr=8 ...(2) Sel Gw = ofa Ht saves ax AY/Y &, Git fateratter ar see gare fae are areata PatereteT Hr ara S Age Tach Bl SS ae AM Yt arate eX HET A Cr= tpt frag arnt st gia Ht sneeas a at aa wae & fe sel ssaaa ft steer wgit wali (2) & ease 8 PH qfe HM saws at wad a Hera aa oy atoaaeen avett aT Sr YOY SoA Se cer aH aA B sta 3a S/Cr aaa ex B ss, Fale G = S/Cr ear BL Hat: af ae afer Ht rae ax & ares aac B aa Got Ferm ar yl Saat wes ea a Hera SoaeH HoH eT S efor Viet are sere ar Feet STA HAT ST TAT! FA TH Gw ae Hi eae: ferarterer Bier aretha Ht Tah HAT BI aie sicareen a ax S as ot ag wa agar se aT aepEROT Bee Sate A. MVS HT HERAT efor AE Haver HT @ fe say Seeahel aay Ara way BT F FTA Met AT HAT gfe er aTaT eI maT (1) F (2) As ATT F| sae Hore PH areaias gad Prats saat F aeaT Bar Sarat: orate egos bq Bera (1) T (2) BGC = Gw Cr pi asin aignat ia & fav siaeaa 8 gfe At aeaita a G saat gis sata BX Gw Fi] See aepwT HCE ea A HALA Be HM eT res HAH Waar area TA Yt aeqt C Bad We &q savas Yoh geqait Cr a ATER Tah! ‘afe G, Gw & auar gt § ot aelcuaeen srearaeer aét eat! aie gfe ahr areafas ex G, ‘gfe Hr srraaes ax Gw & arftran et areal G > Gw ae C ar Ae Cr B A Mla 3H C < Crl ga feafe 4 aeicuacen tiga A agt eh, waif cers, aegait A welt a arratice Seemeott st Feat eer aa we nite ferret eeite aise #1 fade AAS S— anftte are a ereda visa: Ysttardt seleaaeen F Pana ud giaver A feufaat am fagetoor usa fener, Ravel, areere wd ohva. fer care rer aren] gfe a vfattoc fared &r career ot. tonite fees a afore wo a Ml View & sepa vais aekenferat & fere Gottargh arelerarcenait apr Paeprer crapethehy Sahel wea Tore ae a eT wa als eh) sedis A pe ware am aepeltht sarfet erat Tet Sifter SeT Sect WHT RUT AEM OT Garter we F rae Her] Festa a awe Paver fee aapeehy varie Golt ere oe feraie atch & Gt eet Ee areltohraneor Ue ae FRToTer HY Si Sch B TUT GSH Sere A ae AT Sra ed wale WK PR Hee al ofeibor sekenieaat a ares wT a oh eae ay aries FRR ST PLT HT ToT] SoTAH SHAT BT Be Has ele Ge Yih ere Se fore awfereTEl sect & aa gert apait Seth och 81 gar sreenferat a eet eats FT srepfee are Sra geet acter after amr aartier Pearl vfeiSoct feetaor Ar arenes Heras at See wT are Us fsa HLH Teer H Bo A aon bser Pe Aa A yor Aa gs Vey Ba TT ar aforctra wo ay fateat See Tega Fea SEM Were: VSH PEAY, HEAT Us Het HNN: Het FHT, O AH fee STH, L, oh corm Q wed Soret aft Hr Arar K, Fore are Heer A Oe & ere aM oT TMT F ‘Se chet & Tax T ay fas acer BI ale f at wera & gant feel fear ara aa 0 = f (L, K, Q, T) Berar & ease F Pe Her Scores, aa erferer Be arene, aA FT gfe Git Ferm, oS eT Star ON SeoTeat ag Berar Pray ora F cre ceapelles dh Fa oe Pav aeAT 12 81 sfaftoa arienferat a at at “ona we nfl we & soci sees” a eae srittearerct fever! Seer CS area ener aret Pave are Fates Gta STAT ATHY AT Gt crabs # ga ave Pret snct aRader sovia saath ehh ae caret Tar orem arava oP fatto srerenfeartt at area Gtr Bt Tepe sarfet aor TAT TEAL Bret: Ferett vay ear Fes or ayia & ofa Rex art a1 ofeeoct seleredt somatic & Heed S ahaa & afer Segiet SS WoT a saa EM Sa ae Tae Vs Tae FH HIG AECATT se Tet fran) aftenier gfattod atenferat a scare wort ah Lehr ud Bares are! sae HTT ae & fe ate Some Hae Sere Hr Arar wy Gare a Fea AT at TET SeaTCAT SH Goren et sear ate; ayes Raz at rer area ofet A gfe at cra Scoreet Hore M saat Ht FIST ‘Rear oT Bea Bl Se aN Rafael & st wae: sec ge Maia afew, ereerer Ara wfetet, Brera athe Vfeteret we Braet Bet ofertwet Hr Herat att V1 aonitiar Rew & aa. aw Ease & Py ofaloon arent a arepene ah Se wat rent Fearte Herr, Forerey aye Oe oT wee aa AE THT Hr we H Ge a Sema A PHT ‘gfe dich & afeber viceateta scores A aah fears eck EL ph daa ud caret wafe: vfaitoct aienierat a arpa. aemetthr wafer a gota: Fabied Fee At ATA GAT AeA Set SHTAR- ceaeATHY weTAet Ysit ar savior axe BI eave & fee aegai & Seureat & fore caries gre Suet Teel B oe Serer ToT Gs Ay Sroretrer ser Faferetar At ara oe FeraAL Rea El Sra: Taal aT Tay falters a aT Ie fa aes aT =T ‘Set T = aaah safe ae I = faferater Ft Arar ease & fie cena sarfet cra Bore etch & ora Paferater Paee or we et ara: Seats Gh Hae vs ‘ware bt ECAP ara ‘oat, ait At Ofet Ud cebetten a Tex oe fas AAT B (Profits Depend on Labour Supply and the Level of Techniques): wfaftoa faedaor a ort a rex at fault ae are at qe wee F, sr erie At gfe Sit Serre aie va caer warfet oe ferae Hecht | wfattoct srkenferat a sepa. wT AT HALT SSA B | TT: HAT AY fet aH aft Ge Mra aS Get apr RSME ares are VI 3c: TT AaB el aac 8 aa SAS PAT A FAA Ge fewer wT ata Bl Bee ae aera A ae ett & are aa PAIRS BI Mateo selenferat oF PAT afater a GE a aTaSE PHY A age Ge Meme Hr sre ART Ar] SeteHT At eT Py sexes eta St Tea ET wiermet wet ae At gfe Tact S1 sifBenter viata selenferat apr Het ar fer sects F Horta & Sesthaeh ercredh H crehettehy verfer Hr ax Screth cla er few Seer sere Fg pysra at Serer argh ae fer ser oer HY ax a Hatt M agi at Rens ef Afeset ae arraeeren aera Celt wafer srferwe HF sit gear wl Bara HAAS Hatt ahr TAR, Tape aT TAT TOT LATA ert aT HTT BT, TT 13 R=R(L)... 4) Pave fee rail aa ER aehetteh & Fa Ua ae sa a STATE OR Pa AAT wfafton artenteaet a separ, oreretear afer uct aetorae wa gay Hare aha He rarer H Bier aah afer ax SAAT Mites ToT Hapa a, Te a Tepe GPE HT ERT STA YE A BT Ta GP aHT TA HBL LTB PafarataT By Te Te cre PafaraNeT Tar ae nate aoe BI oT SRT Be A cTapeMeH EA Te PBA aE sa aba arian deer at feat Baitnrer S case Par oT Bac & ae Balter 2 wafer 3 a4 ary ferent Parer are &: T= TN = THR) = TIER (TL) ++. (4a) AATARTT (4a) We aA & As aepeAhY erie At ter ax faferatar a eee A gfe act F Farad cha canehtchr safer ant feta fetet Carer eae sera BI TA MT ABT STE HST Ptr STEHT TN EN ata V1 wfatieor Pacer F sears aS aiat Ofeh ay arora & ate Bre a cane Ease Pear ara] aie apr A ge Me aa L AUT aregt Pra W erat L=L(W) ++) aight faa faferatar & Far wy fee erat t wfattod Frans & sepa Sot ar see AT HA Uh ATT, Veh Hoe BLT HT MAAS BLA Vl ASA BIT aby Tere a Fare Tete FAT ‘STat 31 usa Pere ud Ravet an ag feeare en fH aad caaniea wa a afer a oRafea Brea SI Stat: Hore far ar ast A oe aaa a Paferaher & are gfe Bera 8, aT w+eway = (i) er Sees aa wed aoa aera FaM 8, aA oT SeeMERT O, aTeT AT AAT R, TT FTE, faa w eh, at O=R+W cae erebenrchter aegerat Ale Keer HaTERY HT |x W ei, Fora Fea Fret TA cra Mtenrehter rer Breen fe aero gant veRia Ht otra =WL -(8) BR Har Herieoat aise Hy Bare HT Perret AH SANT Ta PRer PA FAT =F(L, KO, 1) -Q) T=T) +2) 1=dQ=1(R) -) R=R(T, L) (4) L=LWMy SO) W=v() +22 (6) O=R+W 2 (7) Gd ddaria agen ¥ W=WL + (8) acer & for & fr pe areca ae aay etch Tar at argh woo a WER Web SAT HAT Ha CAMA Ape] Seelet ae ait Ease Fear Pes se TATA ware sy 14 amet oe aff GiSat Rar Sr Hepa F a UE saARet Fea Ser Hehe g A ToMTeH FavReret censit A Fare were ferret thr attach worreht a Feearer aor aye Tee afc ATT ATT TA at Feo we ferraT ePTT: GR + dl dQ dT, dW dL > dR areata — fate at gfe —> Sor arar at ge Ue ape Rare, arora aT gE onan Of at aes — oer A aay at ae ai a BA aT a Palate at aa aes, RT ph eerw aear Bl uptafer gett eS cepoties a ost Soret F der og are A gfe act Fl sas sere cater he teh & it aye ox afer ar Fara Ga Melber Meret LA &, HA Te Tech TAT ‘mar shat eter 81 Tae F A fare Ee asst B adie Parca gam Faferatar & ares Tapers vorfer og faut sara ager 8, Aorgg are war ala F ae Sere gfe A ex Hee os aire BI afattod srienfeaat at ease fener fr sre srerereer arofeen wr B ares etch @, ay GaN arcs wferonet Sea ete Bl Sra Sere ae &, ca SNA Tee Ea Meret MET Te BI cepettht vorfer war aifertet a Tee arte &, STatfen aah safes Yoh ar water fare ae se Ua Ua Seat or oars seleuaear H aft ox fara oferwelt fr wafer stay F cer ar ‘oar Ht ae eich G, See ceapetThT srarher ae Paar ware Tse S| Te ra IES BTA sat: faaferatter aft anar ater &, arene garfer stare ate &, Horght aist a gfe eee Sat F Te Sere sh echt F1 sTaeod Hise F Yotady Pease apr fects aRerer gate & ws feardt ear We safe fear & ste vilerwa ar aise A core ASA ‘Ta ania face a sist Ufaeeet aT Hise 1 other Cetera Ht snfie gfe aise At weaaa 2, ota Visa Mh ante gfe Aisa Mt areaae 3. Fargeror 4, faster 5. Hare 6. faker arr Hisar Ua sreufeanhea eer 1. ter Ofeieer At anf qe Hise FAT TeATAAT (Introduction to Joan Robinson’s Model): tate sitet Vfeleet F 1956 F HT FT The Accumulation of Capital % Hey qfe & araieua caren aes wa 8 vega FI seek Got dae aera anit gfe arafetd salt Br cart A Tar aera ate FH aah Yes Essays in the Theory of Economic Growth (1963) # Segiet Het FaVerTeT Hr HeaAHet ALA SARC FETA FT Sarat ster Maia a afatboat aoa va Paar ated a chiar a sere Ferfereitar Pett a are arateus aed ge snes gfe ar faedsor Pearl gers wiser a Rewer we ge 15 aa eae, aera: Tat HY ae UE GSN Beer Ay gar B ud sigra: Ser Aa sareh ard rer ab separa ok US wee caRT ease fer ST Aaa Bl Sia daa FH anfle gfe aise FH aresark (Assumptions of Joan Robinson’s Model): sirareh sitet Qfererat ayer: Te Arora Tor E fas Gah ate sere Ss PaO ITT Sere ace & ae aya aT etaT aT: Goh a ara AY Gel oR Fa aT Sesle rat faedaor at fest Arerensit oy arent fee: @) Sq arderaeen Hh Hoeven Ht ag g sete acer care A sepa EAAS F Gi) areas afte erate 81 anfeten Prenait A acne A aS alae ate eta (iii) See a Srerer ah eer F Yoh Us sear] Ht ee aay at Uw Perea rey eet Pave ATT SSA Sea e Fes MS caper eh ave TAT Civ) Serer & remettehy apoigg FEE gE] Sere afta g es SH arr ahr Fee ayaa A wearer Rarer Stren & Fares Soest aor wey AAT FIAT KA TERT BY HB TE Fegchaor Ht ihr Viele a ger Aree F ret Sh (vy) AA Cb aE Me BI SHA CANT HTH HALAS Bh HT AA HY VST Geet Pra SAAT F1 (vi) Bor areata aire ar Pacer aiteert ue soem israt & at att at star 81 sees EaRT sHveAt aire at SaaAhaT Ie Sar Hee Gara B SH HIS Ser evel Ht SATA] THAT car mat Tee Sera Shatner sre & ee Suita ae PT TTI (vii) Bata Fae HT RR Are TF iter Dita Ht anf Ge aise sr feats (Analysis of Joan Robinson’s Model): erat ster Oder & faeaswor at vas. HET a set seAeT The Keynesian ‘Theory of Economic Development (1959) & afercirer aise & Be aH Te qe FAT Merch Sat Meret 3 HAR TENT ST Sot aT Foret a Bor ET aT ATT ea Tl seteaaenn A ara ar are soa iarat ud Hore area & ares era 1 Faye wes ST SS TA HOT OTH (TT HT ae B Patera Harel Goth ent gor ay) we For Hara Ferer rare Hr ex a aftr hy Mea a OT aL) HT AT AT WHEY = Ye Te STS N= Corn A ot aftreat ft eee K= tpt ele frat W = afte aargtt ax T= Whe AT a P= Seeger chy there rere ara aren 3s Paereor avy fete Ber earer anBrourre Fava Sree: 16 pY = wN + pK = (@) ‘aofeeen 1 Fy FET wR fer aT Taz pK = pY— wN aft p= a 9 sere (Labour productivity) . erg = on it 9 segue (Copital-taboor productivity) @ aa w aoe zak oO ‘voit (2) 3 ere 8 fis BTN at ee, oer TeRTEATAT (p) aTRRPAR AAR A (wip) TH St at aga 6 a oer Ser 2 ore at ect we ale es 2, wal om aT gfe wea area saga et et pt meagua F ast one arferaea % Sy Ta (Expenditure side) A 341 (C), aaa (5) GS PPT () & ers wa we five oT THT 1 Y=C+1 GB) Sal + @ dintt ta Dies ve ue ae went @ fe sein ae watt wre aalsit ga azar sat confit ar are ae 8 at oat Fi ara: CHEN +6) S= caer Seen ee es Oa an ae ga ert aa a afters ¢ arate i F AA art afa amfq 7 = aK Sr yea a ater (5) W 6) FB sirentte ea ae AK =2K =) ea hahha tex tenon ae w ere --- 8) water (8) A AKIK, Yoh FY ae ax, (P - WIP) Yoh a ye wie we 0 Ghar Hera Hr Gah Hear 1 SAS Tae alas fe Goh a gfe HM ax aa sea sah ale Got aor ape ferent Poh arar at GMAT Hees see A aS] Teqorat Ht ae oa AT US 7 ph daa & vee Rca aeaeu at siftterra aech 81 ae Ease arch B Pe Pra are aren Galt Sure aera: oar AY SH ae wt fafese axat F fare Sosmeht araek faferatar ST TCS Bet AY BTA HLA El GAL aH Teer H ae AE Tach S A omar Hr ax TTT Goh Sera hi ax ar Perera ech Fl Se ere Yoh Pere Us Ta Ua Se a AAT TS arated él Favlget (Golden Ages): afercht sitet Uae a ankle xfer ox Serer F stot arch GFE & vera fr concer Hl seeiet Taye fear fer Goi Ar gfe ax AK/K & sft Cae HY HT A, TTL FBS GT ANIN GaT PTA tat BI Sifera ea Tor VaR Segoe Al ea A aa Val sta Severe H Fe ax, Got Sr Ge @X ah HarHAT BT, Hee AN/N = AK/K| SH SAE aH aT itor Meher a TACT Bar BT aT GN Sees HA ote THeATAY werfet lee et AAT Seat MA MET A aS Uae oe Fear Harel BIH ScMea Asa, Meare ea TIAA TSH HT HLA B, TAM Sere ak B age F TM HHT Sree ATH HT ScTTEeH Yoh Heyer Her a Fore Sot aa cater daar 8 dar el oer Ar ax Ree wee Ht gia Tah a wi aT Seared a saree are areca ATG a BR eta 81 ga ew A anew gor a alg sect sedate faquarat aet ga ca Het arias Scare Vs Ys ar eels aT aries gfe ax oe oS cata Somat Ar ae ax UH aga PR are A aa el Bat Gent at BH Tao Yar hE Ta El ara bats & eee eat Go ah ae a siege ear f ore Tega gira Hr TBAT, Brae Ua Be A arctica ax Ua Ba aa El ation S = 9 8 apt tore at carat Ho a Reae art a NK arden ater & ae 8 Pe ae o Ph tam aT fer’ dom St ow WAST F 1 ae Vat BT AAA (Golden age equilibrium) # cen 31 ae aderaeT eet a ager af am & freer a aqua at wa Fe Ui Ge: adomen A ager at ce Fares are a ara weet 1 eal GTS rae at a card wena ze: ) o> @ Ueeh aan aH srereear gfe A ax, Got Hr gfe ax A sea wed B1 sas oRoTAaST gfeetrer aeetorane Ht ger Seuest et Sc Bl afeey sar a apreVT Files asTag A aT < 2[E=| alk 18 apt glet oratshh Fareed arectiass aatagl Mt ax aft FeVaH| aTETaen Aare a etree Stet ROT OTe HY ax GeaHl, 3efee GSH ar Sere Beare ela HL BE Gat Stare BAR A aT Hauer gt oreo] Cat cen A Ga: eat ya Tega” eenfes et SATE aig alte aorghtat & ee eet & aor areafaes aorggt argt fact ar Area Fax set sane # wr ear & fore segura A alike argh Prt F aa sega wT areiaer at we orto] gare aera & Pee each aor Wega wena aet eheT ae gfeetier ae denn ar cen Faegrarer ert que een aH Goh deer Fr ax oeriwar gfe A ax S afew att o1 se Pata F storage & a ft path od Sot dae ar aifeera Aqsa stat 81 Te Se ATATT woo fata eet o aeaieu 8) cal Bor Pega oer aT Hey BY AFH agi ga aRUT aifRrem BiB, aie ne SeoTeare A ated ara oRercher a Gah ara ae SH oRarciet S oat ax A gfe warHa € HN ga Wa Got Ge A at aoc V1 ESE A capes QU Ue Ua ScUTGet erett Hi aera FT sitoaaEM Sea GSH HPT TE Brat TES Tevet HL Sha Bl AraTchy Gitor Meier a HePETE Vay aT CAT rant aor Ay Peufe F aa stat 8 oa arent ge ax wed Vt ter V1 Beenie se aT Uott daa Ft sa sea a & ane aPteasa et aah F ares ore Hr HoRacete ae OT Sah BTS TAT THT TT Merch citer Ofataar a Eact gar apy airfshen ater Hr ate ger cane frets Pra ye at Hea STA F Ha HIS A SX YA B, aT HY |X BH Yea F TAM Sea HT HT SeTSeT arate At ai wanfGet ele S gee Brer Sasi sire IV Hae | VT SAT 1 FT were St BS crave eerrsit a srefter Susitar at arfRrasrr Fase Sra aaa ste ST aftien ater ft car carer afstererc Fever aa aie dita & aise A feetTang (Merits of Joan Robinson’s Model): aaa tet frat & aiser Ay pear faelware fareaifrat &: @) tar citer Veter ar ise wfattod Her ve Prcreor Rater at chat aera fafettiar Rare O Ueaiete ae Bl Seeiet Perry Ua af afetse ey BT He FRAT Bs THATS Tet BATT A A TA BTM are a SHAT GANT We TET TT va Gh tae & aed Gractt cant areata Pearl Gi) Rarer otter Vi feberar at Gott & Freer Ud ooh A avaer weaee oath oe Paes Carer fecal Seeiet Gott hr way Were we greet Sy Fare ay eh ATA (iii) Arar iter Rie at Beret ar HfaRa Fhe A aesit areahaey Peat Hr TET Feral Seglet quences wars & arene oe caveat Teqet F1 Civ) Atari sitar Ci feierat oF ors asta Brae Ue aT SHAG aH TE I Faery earl Se aU Sarchl career arealaer ato selouaea & aries wate et sat el 19 vy) atach site daa a artasa set a coagits wore at fH ag Ga} sioftardh Prarit an aeperor a at afer wa Me areleaaear ay arsard ret after a faccta eftfcet & care earace faferatar a gfe cht Sirett eres et ‘oiler dfeiaet & Hise A Here (Limitations of Joan Robinson’s Model): @ (i) iii) (iv) (wv) (vi) (viii) aha, BRenT a Ease fear Pe seat & See Pernre ashes & Perdaat F arate Star Oeraat ar atorerer ae Ler Pas Seeiet Mateo aes va Fac erect Br teat & gat a feferater Praia & ore atcha Pear! 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