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Conditions proceeding from which the centre regulating a monetary system, will beTo change quantity of money, enter into the economic scheme as real Defining factors. It is necessary to add that closing remarks in
To the resulted citation indicate that Rikardo has looked through possibility
Changes in a marginal efficiency of the capital according to size Investments. And it besides can be interpreted as one more example it
Internal coordination of its doctrine in comparison with its successors. After all
If the occupation level and psychological propensities of company undertake for
Data really there is only one possible size of accumulation The capital and, hence, only one possible significance for the limiting Efficiency of capital. It shows before us the highest
The intellectual achievement inaccessible to weaker minds, having created for
Itself the certain imagined world rather far from experience, but having presented it so,
As though it also was the experience world, and then having rendered habitable it with all validity
And logic. The majority of its followers have been compelled which to concede in what
Under the pressure of common sense to the detriment of their logic sequence Constructions.
III
The original theory of norm of percent has been put forward prof. Mizesom and
It is borrowed it prof. Hayek, and also as it is represented to me, and the prof.
- . According to this theory of change of norm of percent it is possible To identify with changes in relative price levels consumer and
The capital goods (96). As this conclusion, not clearly is received. It seems that a thread
Reasonings it is that. By enough courageous simplification the limiting The efficiency of capital is accepted for the size measured as the relation Ask prices of the new consumer blessings to an ask price of the new The capital goods (97). This relation then is identified with norm Percent. That fact that falling of norm of percent is publicly noticed
Favorably for investments. The conclusion that relation falling from here follows
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