vacancies Fig. 1 Labour supply, labour demand, and employment, over time job search unemployment

Fig 2 The neoclassical production function: CRS, marginal products, ouput elasticities, distribution

1 1 Fig 3 Non-competitive distribution

Fig. 4 Steady state, adjustment dynamics, distribution P0P0 P1P1 P2P2 P3P3

Fig. 5 Dynamic inefficiency: transition to the Golden rule

Fig 6 The dynamics of the Debt/GDP ratio P1P1 P2P2 P3P3 P5P5 P4P4 P0P0 P6P6 ○ ○

Fig 7 Domar’s burden of the debt

Fig 8 The combined dynamics of the Debt/GDP and Capital/Output ratios