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VIITheories which we considered above, concerned on a being, that Component of effective demand which depends on sufficiency Promptings to invest. However is completely not new to attribute disaster Unemployments of insufficiency of other making, namely weak propensity To consumption. But such explanation of economic troubles of our time - so Unpopular at economists of classical school - played much the smaller
The role in thinking XVI and also was acquired XVII centuries by known influence only
Rather recently.
Though complaints to underconsumption played rather subordinated role in
That he names "deeply taken roots belief in utility of luxury and harm Thrift ". Really, thrift was considered as the reason Unemployments on two motives: first, because real earnings, as
Believed, decreases for an amount of money which is not participating in an exchange, and, secondly,
Because the savings distract money from the circulation (166). In 1598 Mr. - ("Treasures and the riches necessary for magnificence of the state") (167) has opposed those who refused the French silk, indicating, That buyers of the French fancies supply livelihood To poor men while the avarice would force last to die in poverty (168). In 1662 Petti justified "entertainments, magnificent shows, Triumphal arches, etc. "Whereas their cost flows in pockets Brewers, bakers, tailors, shoemakers, etc. It justified
"Excesses of dresses". The background of Shryotter (in 1686) disapprovingly responded on
To occasion of restrictions of luxury also declared that he would like, that it in
To clothes, etc. Was even even more. It (in 1690) wrote that "Wastefulness is a defect which harms to the person, but not to trade...
Greed - here the defect harmful both for the person, and for itpitoit "(169). In 1695
Keri proved that if each spent more all would receive The big incomes and "could live in it a prosperity" (170).
The thought of Barbona, however, has received wide popularity thanking "to the Fable about
Bees "Bernarda Mandevilja - the book, recognised harmful a jury in - in 1723 and the allocated in the history of ethical doctrines
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