Re: Growth, Accumulation, Distribution

From: Michael A. Clem (mac.lpok_at_juno.com)
Date: 09/14/04 

Date: 14 Sep 2004 10:36:05 -0700

Robert Vienneau <rvien@see.sig.com> wrote in message news:<rvien-4A8BE5.05283612092004@news.dreamscape.com>...
> 1.0 INTRODUCTION
>
> This post presents a formal model of a steady-state growth path, a
> model that is unoriginal except in minor details. Expectations of the
> agents in the model are being fulfilled along a steady-state growth
> path. Further, no forces in the model are setting up conditions where
> current expectations will not be satisfied in the future.
>

  Maybe I missed something, but I don't see where the consumer enters
the picture in this model--I didn't even see an assumption made about
consumer purchases. I don't see how any firm can grow unless
somebody's actually buying their product.