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 Egypt Pyramids Icon |
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Really, post-war experience of Great Britain and the United States gives Actual example of that, how much riches accumulation - and in such The big sizes that its marginal efficiency fell more fast, than couldPsychological factors, - disturbs in the conditions of prevalence laissez-faire
To achievement of a comprehensible occupation level and the well-being, supplied
Production specifications.
From this it follows that from two identical companies with same Production technological level, but various funds of the capital what Has smaller fund of the capital, can during known time To use more a life high level, than the company having the big Capital fund. However, if the poor company catches up rich - that, probably, Also should occur in the end, - both of them will share lot of Midasa. This A little encouraging conclusion is based, of course, on the assumption that
Propensity to consumption and norm of percent are not supervised meaningly in
Public interests, and are granted mostly to an arbitrariness laissez-faire.
If for any reason the norm of percent cannot fall as Fast, as the marginal efficiency of the capital would fall at accumulation, Corresponding on size such, which company would aspire
To save up, proceeding from the norm of percent equal to a marginal efficiency
The capital in the conditions of a full employment, - then even switching those methods
To satisfy thirst of riches which actually do not bring already any Economic gain, will raise economic well-being. Until then while
Millionaires find for themselves pleasure in construction of enormous private residences,
Where they contain the flesh, while are live, and pyramids to cover it there after
Death, or, repenting of sins, erect cathedrals or present monasteries and
Foreign missions that day when abundance of the capital becomes an obstacle for
Abundance of production, can be delayed. "Digging of holes in the earth", paid
At the expense of savings, will increase not only employment, but also the real national
The dividend consisting of the useful goods and services. However it would be unreasonable,
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