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Reaching extreme measures, and in long run to change a direction, and it is basedThe theory of the business cycles having certain phases. The same Concerns and the prices, which in reply to initial indignation, apparently, Are capable to reach corresponding level and during any time Can remain fairly steady.
So, as these known facts from experience are not logically
Necessary it is necessary to assume that properties of environment and psychological
Propensities of the modern world should be that to become a source of these Results. Therefore it would be useful to consider, what conceivable Psychological bents will lead to stability of system, and then
To find out, whether it is possible, leaning against our submissions about the nature of the modern
The person, with confidence to attribute these bents to the world, in which we
We live.
To stability conditions, which as has found out the previous analysis,
Are suitable for an explanation of observable results, the following concerns:
1. The marginal propensity to consumption is that that when issue in the given
Company grows (or falls) thanks to that there is higher (Or lower) employment at known volume of the capital equipment, The animator, connecting both sizes, appears more units, but not Much more.
2. When there are changes in the expected income of the capital or in norm
Percent the schedule of a marginal efficiency of the capital will be that that
Changes of size of new investments do not differ hardly from changes of the first
Two sizes, i.e. Moderate changes of the expected income of the capital or Norms of percent will not be connected with very big changes in the sizes Investments.
3. When there are changes in employment, wages in money Shows the tendency to changes in the same direction, but a little Differing from them on degree, i.e. Moderate changes in employment not Are connected with very big changes of wages in money. It
Represents without delay a condition of stability of the prices, than stability
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