Journal Article A Generalization of the Gross Substitute System Get access M. Morishima M. Morishima University of Essex Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 37, Issue 2, April 1970, Pages 177–186, https://doi.org/10.2307/2296411 Published: 01 April 1970 Article history Received: 01 February 1969 Accepted: 01 June 1969 Published: 01 April 1970

Journal Article Prices and the Turnpike: II. Proof of a Turnpike Theorem: The "No Joint Production" Case Get access M. Morishima M. Morishima Osaka, Japan Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 28, Issue 2, February 1961, Pages 89–97, https://doi.org/10.2307/2295706 Published: 01 February 1961

Journal Article A Note on Definitions of Related Goods Get access M. Morishima M. Morishima Osaka Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 23, Issue 2, 1955, Pages 132–134, https://doi.org/10.2307/2296296 Published: 01 January 1955

Journal Article A Rejoinder Get access M. Morishima M. Morishima Osaka Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 21, Issue 3, 1953, Page 222, https://doi.org/10.2307/2295776 Published: 01 January 1953

A Note on a Point in Value and Capital Get access M. Morishima M. Morishima Osaka Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 21, Issue 3, 1953, Pages 214–217, https://doi.org/10.2307/2295774 Published: 01 January 1953

However, his example is based on an extreme assumption that the capitalists' propensity to consume, c, is unity. If, like Marx, we instead assume that c 0. To show this we use the generalized von Neumann model [2, 3], of which Petri's example is no more than a special case with c = 1. Assume c 0. By the two Lemmas to the Generalized Fundamental Marxian theorem [1], we know that e > 0 implies IrW > 0 and gC implies e > 0. Hence e > 0 rr > 0 ro > 0 gO > 0. Conversely 7r°> 0 g° > Ogc > 0 e>0O. Thus e>0 0 O. Thus, provided the capitalists save at least a part of their incomes for accumulation, the Generalized Fundamental Marxian Theorem holds not only for the warranted rate of profit and the capacity rate of growth but also for the equilibrium rate of profit and rate of balanced growth.