In this paper we calculate the amount of labor directly and indirectly necessary to produce one unit of final output of each industry for the years 1955, 1960 and 1965 in Japanese economy by means of input-output calculations.
From the results obtained we study the followings.
i) the interrelations of inequality in terms of exchange among industries and the changes of the degree of inequality in five or ten years concerned.
ii) the mutual relations between the rate of change in prices and that in values.
iii) the causes which result in such an inequality state of exchange.
Finally we consider the amount of labor represented in a unit of money can be one of measures of inflation.
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