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Being guided by a sober estimation, receptions of the cumulative gross income,Compensation exceeding costs. Such position could be reached
Even it is fast enough, we will tell in 25 years or even earlier. It is not necessary to think,
That I challenge it, asserting that a condition of investment saturation in Strict sense of a word never before it was not reached even for an instant.
Further, if we even have admitted that the modern boom can be combined with
The short-term periods of investment saturation or surplus of investments
In strict sense of a word all the same it would be ridiculous to see in higher
To norm of percent suitable means of treatment. Actually in these Conditions would appear those who sees an illness source in are right
Underconsumption. Treatment would consist in the various measures directed on
Increase in propensity to consumption by redistribution of incomes or other
In the method as for maintenance of the given occupation level it would be required
Smaller volume of investments.
IV
Thereupon pertinently to tell some words about those important schools Economic thought which confirm, approaching from various items that The chronic tendency to a partial employment, characteristic for the modern Companies, has the roots in underconsumption, i.e. In such social Usages and such distribution of riches which conduct to too low Propensities to consumption.
In modern conditions or at least in the conditions existing to The last time when the volume of investments is not planned and not
It is supervised, and it is subject to whims of a marginal efficiency of the capital,
Defined by decisions of the private persons ignorant or guiding Speculative motives, when the long-term interest rate very seldom Falls or never falls below usual level, these schools of the economic
Theories, undoubtedly, are right in their recommendations about the practical policy. In
Similar conditions really there are no other methods to increase average Employment to satisfactorier level. If it is almost impossible
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