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 Stomatologist with Shadow Icon |
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To the middle of industrial revolution a role of businessmen-capitalists carried outDealers, bankers and the inventors quite often uniting in associations, but Extremely seldom using the form of joint-stock companies for creation Product companies.
The statement 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 field of activity, and sizes received there
Incomes as soon as this field of activity becomes outdated in full or in part,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, ed. (New
Haven: Yale University Press, pp. 53 - 56. When productivity growth
Conducts to reduction of the prices, then (according to the assumption of Hiksa that Additional resources cannot be received) we will face the negative Influence on rates of increase. It does not consider a consequence for Not fluid resources, consumer expenses 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, The Political Economy of Growth, Economic Growth: A" Labor Theory of Value"
Model ", Dennis C. Mueller, Short consideration of, sm: John
Hicks, but also here consequences should be negative., 1983), "Structural Unemployment and how Imperfection of interbranch fluidity of a labour influences growth Would be an error to save paradoxical representation that the industrial
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