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Capitals, up to the last decades a XIX-th century played very limitedAnd a special role. Corporations formed for building and operation of highway,
Railways and channels, but in the industry corporate forms Have extended only when the manufacturing already became the basic
Production mode of production. In Europe and in the United States in the beginning and in
To the middle of industrial revolution a role of businessmen-capitalists executed
Dealers, bankers and the inventors quite often uniting in associations, but Extremely seldom using the form of joint-stock companies for creation Product companies.
The assertion that new factories have been created at the expense of an impoverishment
Handicraftsmen-prjadilshchikov, there is at the best a metaphor. Economic changes
Assume relative or absolute reduction of value of resources, Directed to any line of business, and sizes received there
Incomes as soon as this line of business becomes outdated in full or in part,
Whether it be manual weaving, sewing of sails, it a craft, craft
The glass blower or steel manufacturing. Reduction of value of human efforts and
The skill, devoted to manual weaving, does not create fund of resources, which
Could be used on acquisition of weaving looms with a power drive.
Losses of weavers were result of changes, instead of a source of the capital for these
Changes. Former forms of activity could not be a source in any way Financings of what went it on change. chap. 2, Economic Growth: A" Labor Theory of Value"
Model ", consumer spendings are redistributed in advantage
Branches with the greatest relative reduction of the prices (behind an exception very much
Special cases). If resources of other branches cannot flow completely In this last, but also here consequences should be negative., how Imperfection of interbranch labour turnover influences growth, ed. (New
Haven: Yale University Press, Dennis C. Mueller, then (according to the assumption of Hiksa that Additional resources cannot be received) we will face the negative Effect on growth rates. It does not consider a consequence for Not fluid resources, pp. 53 - 56. When productivity growth
Conducts to reduction of the prices, 1983), "Structural Unemployment, The Political Economy of Growth, Short consideration of and sm: John
Hicks Would be an error to save paradoxical submission that the industrial
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