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Their significances remains invariable irrespective of the chosen standard.If there were any summary goods which it would be possible, strictly Speaking, to consider as the representative of all existing goods, we Could consider norm of percent and a marginal efficiency of the capital in Transfer on these goods as uniform in a way Norm of Percent and uniform Marginal efficiency of the capital. But on this way the same lie, certainly,
Obstacles which disturb to an establishment of the uniform standard of value.
Therefore till now at norm of percent on money it is noted any Quality inherent only in it in comparison with other norms of percent and it Exists on absolutely identical basis with them. In what then Feature of norm of percent on money which gives to it on consists To practice the leading significance recognised behind it in previous heads?
Why the volume of issue and employment should be connected with norm of percent on
Money is more closely, than with norm of percent on wheat or on houses?
II
Let's consider, norms of percent on will appear with what, most likely,
The different goods for the period, for example, in one year on various kinds of assets.
As we take as the standard each goods by turns, effect From each goods should settle up in this situation as measured in The most these goods.
There are three properties which in various degree different kinds have Assets, namely:
1. Some assets bring in the income or a product q, measured in them, Promoting any process of production or rendering service To the consumer.
2. The majority of assets, except money, are subject to some depreciation Or cause any costs simply after time (not to mention Any changes of their relative value) irrespective of their use For income production. Differently, they involve costs Contents with, measured in assets. For our exposition in the given Item has no significance where precisely we conduct border between costs, Which we deduct at calculation q, and those costs which are included in With as in the subsequent places us will interest exclusively q - with
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