ABSTRACT

We have established above a number of relations between investment, profits, and aggregate output. We have emphasized at many points that certain constants in these relations are subject to long-run economic changes even though we assumed them stable for the sake of the business cycle analysis. It will be seen below that changes in these constants in the course of the long-run economic development of the capitalist economy make for the continuation of this development. This in turn causes new changes in the constants in question, and so on.