ABSTRACT
In the last chapter we considered at some length how with some exceptions capital accumulation and population growth in a Propdem or a Plantcap might be expected to lead to a state of steady growth if there were no fixed factor, land, and if there were no technical progress. In this chapter we shall introduce both a fixed factor, land, and technical progress; and we shall find that with these complications we cannot always expect the economy to tend towards a state of steady growth.
