Abstract
1. If we were to ask ourselves what determines the speed of capital accumulation and of growth in an economy, we would get two different answers from today’s economics. The first is the traditional one, according to which the community’s decisions to save in conditions of full utilization of resources (defined so as to allow for a normal succession of booms and slumps) will determine the trend of capital accumulation. This trend of capital accumulation, taken together with the growth of population and the development of technical knowledge, will then determine the trend of aggregate output.
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