any point in this region will converge to a quasiequilibrium state with a zero rate of growth of capital [2, p. 66]. The present note indicates that the steady-state growth equilibrium with a positive rate of growth of capital in this case is, in fact, globally stable. The erroneous result in [2] comes from the assertion that K(0) -0 implies K(t) 0 O for all t (p. 65). Instead this assertion should be stated as