ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Unemployment and Optimum Growth

The problem of employing surplus labour force for capital formation raises a number of questions. What kind of capital projects should the surplus labour be employed on? How much faster will the rate of capital formation be when the unemployed labour force is employed in primitive techniques of capital production? How long is it optimal to operate with the advanced and the primitive techniques simultaneously and at what stage of planning can the primitive techniques be dispensed with?

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