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Full employment maintenance at existing propensity to consumption it is necessary

To increase net investments by 50 %, so that a volume of output thus

It was lifted with 100 to 115 %, consumption-with 90 to 100 % and net investments - with 10

To 15 % we could try, perhaps, so to change propensity to

To consumption that in the conditions of a full employment consumption has increased with 90 to

103 %, and net investments - with 10 to 12 %.

V

Other school of economic thinking sees the problem decision Business cycle not in increase in consumption or investments, and in Reduction of the offer of work, i.e. In redistribution existing it Volume without employment or production increase.

Such policy is represented to me premature, and besides in is ready - degrees, than the plan of increase in consumption. Sometime will come

The moment when each person will compare advantages. Increases in leisure with

Advantage of increase in the income. But now, undoubtedly, I think,

The significant majority of people would prefer increase in the income to increase

Leisure; and I do not see the sufficient bases why followed force Those who prefers more the high return to be satisfied with the big leisure.

VI

Can seem strange that there is such school of the economic

Thinking which sees the decision of a problem of a business cycle in suspension

Boom in its initial stage by means of increase of norm of percent. The only thing

The justification which can be found for such policy, is put forward it X.

Robertson believing that the full employment is an unattainable ideal and that

The biggest, on what it is possible to hope, so it on an occupation level, Much more stable, than now, and on the average, probably a little Higher.

If to exclude possibility of the big changes in the policy concerning Establishments of the control either over investments, or over propensity to

To consumption and to assume, generally speaking, that a status quo of affairs

Will proceed, then, perhaps, it is really possible to assert that in Assumption average will justify in it to a measure if banks are To stop in a root beginning boom by means of such high norm of percent,

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