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Theories has started to accept the certain form. Though Henry George's campaignAgainst the landed property and propaganda of various socialist groups
Against obvious oppression of working class, together with revelations of both Football boots
Concerning the London poverty, they have made upon me deep impression, not
Have undermined my belief in political economy. It has occurred, it is possible to tell,
Because of a casual meeting. Being the teacher at school in Exeter, I have got acquainted
With one businessman by name of Memmeri, the known climber who has opened the new
Way to top of Metter-horna and victims in 1895 at attempt to reach The well-known Himalaya top of Nanga-Parbat. Me connected with it - hardly
It is necessary even to tell about it, of course, interests in the field of mountaineering. It
Was as well the intellectual researcher who had congenital With ability to find own ways and not to reckon Intellectual authorities. This person has involved me in disputes about Oversaving in which he saw the reason insufficient
Capital and work uses during the contraction in business conditions periods. I long
Tried to deny its arguments, using the usual weapon Orthodox economic theory. But in long run it has overpersuaded me, and I have undertaken together with it working out of the theory of oversaving, Stated in our book "industry Physiology", published in 1889 It was the first open performance in my heretical career, and I In any way did not imagine its immediate consequences. Just at this time I
Has kept work at school and has undertaken new business: reading of popular lectures on
To economy and the literature at university. Failure London was the first blow
Managements of national rates to allow me reading of a rate of political economy.
As I have learnt, interference of one professor-economist was the reason,
Which has read my book and has seen in it something like attempt to prove that
The earth flat. How there can be a limit to useful savings, When each element of savings improves capital structure and increases Fund from which the wages are paid? Sane economists
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