Choice of Technology in the Sugar Industry

C Rangarajan A H Karlo Can we objectively determine the trade-off between 'rate of return' and 'employment'?
One could possibly go from the potential surplus to actual surplus using a marginal propensity to save and then employing a capital-output ratio to determine the future rate of growth in output and employ- ment. Then this trade-off will be transformed into one between current and future employment.