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Consumer goods and to present it in the explanatories as constant Quantity of the available money capital. The analysis in its well-known
To the final chapter about "Capital market in its complete development"from"Positive
Percent theories "it is quite justified if to recollect this simplification. However
To any who will apprehend treatment of the offer of the capital in quality literally
Amounts of money, should seem that this chapter has no relation to
To the real world.], as owing to considered effect as a result
Defect of a real capital has an effect (as though hardly influenced on
Norm of percent purely monetary factors), so that volume of investments
It should be established in long run at the level compatible to the available
Demand for consumer goods. Thus, this assertion is
The important part of the elementary theory of production. If so, absence
The consent in the given occasion allows to understand much in sharp and, probably,
Irreconcilable contradictions between economists on more challenge
Industrial fluctuations. Obviously, attempt more complete is urgently necessary
Proof formulations on which the given assertion is based.
I will try to formulate it here in the terms, allowing to make it to
Known degree not dependent on matters in dispute of the theory of the capital and
Directly not connected with a problematics of cyclic fluctuations, besides
Following moments:
1) the basic accent will be done on short-term, instead of long-term
Effects, and
2) the attention will be more concentrated to falling influence, instead of increases
Wages concerning prices of goods - in such form given
The principle is, seemingly, especially significant for research of economic crises.
To divide different parts of the proof, the problem will be considered
Stage by stage.
The following section is devoted an explanation of used concepts and an exposition of the general
Principle at the assumptions allowing us not to take into consideration the monetary
Norm of percent. After an establishment of the general principle in section 3 will be
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