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To errors. The matter is that expression "surplus - of investments" suffers the extremeUncertainty. It can concern the investments, which results,
Possibly, do not justify those accounts who has made these investments, or to
To investments which cannot be used in the conditions of sharp unemployment; Or this term can designate a state of affairs, when the capital goods All kinds are available in such abundance that any new investments even in Full employment conditions cannot bring during term of the service More than cost of their compensation. Strictly speaking, only in the last
Case it is possible to tell about surplus of investments in the sense that everyones
The further investments would be pure waste of resources (132). Moreover, Even if surplus of investments understood in this sense really was
Characteristic feature of boom, and then means of its overcoming would be not
Increase of norm of percent which could brake some useful
Investments and even more to reduce propensity to consumption, and acceptance
Strict measures, such, as redistribution of incomes or other means, Leaders to increase in propensity to consumption.
However, according to my reasonings, on boom it is possible to say that it
It is characterised by surplus of investments only in the first of the indicated significances.
The situation which I have resulted as typical, is characterised not so such
Surplus of the capital when the company as a whole cannot already put with advantage
Its additional quantity, and that investments are made in Astable conditions also cannot proceed more as they are caused Unreasonable accounts.
Certainly, quite probably and even it is probable that boom illusions will move to
To production of separate kinds of capital property in such huge Surplus that some part of this production will be from any point of view To represent useless waste of resources. (To it it is possible to add, That such situation can arise and in that case, when any boom No.) it, so to say, unjustified investments. But the most important and Essential line of boom is that investments, which in conditions Full employment will actually bring, say, 2 %, are made from account Acquisitions of income, say, 6 % and according to it are evaluated. When
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