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CLASSICAL AND POSTCLASSICAL PRECURSORS
THE STRUCTURE OF AN UNDERDEVELOPED
THE SOCIALLY OPTIMAL RATE OF GROWTH
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advanced economy analysis assumption autonomous investment average and marginal average propensity balance of payments capital accumulation capital-output ratio consumption decrease developed economies Domar domestic economic development economic progress effective demand equation equilibrium exports factors fiscal policy full employment full-capacity growth rate fully utilized given growing growth of capital growth of labour growth of output Harrod Harrod-Domar models implies import increase industries inflation investment ratio J. M. Keynes Joan Robinson Keynes Keynes's Keynesian labour population labour productivity labour-output ratio labour-saving laissez-faire long-run marginal propensity ment national income output ratio parameters parametric operations population growth possible productive capacity productivity of capital productivity of investment productivity of labour propensity to save rate of growth real capital real income relation relative required labour rise saving ratio secular socially optimal rate standard of living stock of capital structural underemployment supply techniques Theory of Economic Underdeveloped Countries underdeveloped economy unemployment variable