Introduction, 351. — I. The conditions of market efficiency, 353. — II. Neoclassical external economies: a digression, 356. — III. Statical externalities: an ordering, 363. — IV. Comments, 371. — V. Efficiency, markets and choice of institutions, 377.

Introduction, 86. — I. The relation between “the” capital-output ratio, the marginal product of capital, and “the” interest rate, 86. — II. From the capital-output ratio and the interest rate to innovations by way of income-shares and factor-proportions, 93. — III. Choosing the input-mix: are capital-intensive processes desirable where capital is scarce relative to labor? 95. — IV. Some comments on difficulties with the capital-output ratio; on distribution, saving and input-allocation; on theorizing about allocation and growth, 101.