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Thus to us will not tell that will occur between day today's and this future Date. Choosing between two alternative methods of production, we cannot
To make the decision it is simple on the basis of that position which can form
After achievement of any new long-term balance, but should also
To consider that will occur between "now" and "then" as from it will be
To depend, what long-term balance will be established. The approach of Kaldora and Wilson
It is equivalent to to eliminate from their data the real factors defining
The capital offer and to admit that in the long-term period there will be a such
The adaptation of volumes of the capital that its "marginal efficiency" will fall
To that norm of the percent which size is set by one only the monetary
Speaking more particularly, Kaldor and Wilson assume that if only the monetary
Means will be available in such circumstances by all means it will appear
It is the most favourable to answer increase of demand for consumer goods,
Increasing quantity of the equipment it is proportional to increase in issue in the goods,
Which can be realised under the given price though such way, as a rule, it is possible
Will catch up with the increased demand only after a significant interval. Only
If and only in that measure in what we can admit that the necessary
The additional equipment waits in the shops, ready to purchase and immediate
To installation, there will be no interval. This assumption (the equivalent
To the assumption that all real capital required for expansion already
Exists), obviously, can be true concerning any one firm,
But it will be incorrect, when all firms simultaneously are in the identical
Position. In a situation interesting us the additional equipment and the more so
Production made on it will be accessible only after the significant
Delay. In an interval till that time when this production will appear in
Availability, profits which could be received at faster methods,
Will be missed also them it will be necessary to take into consideration as a part of costs
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