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[The review of lampoon it Die Theorie der Kapitalbildung, published in
Series Recht und Staat in Geschichte und Gegenwart: Eine Sammlung von Vortage
und Schriften aus dem Gebiet der gesamten Staatswissenschaften, no. 63
(Tubingen: J.C.B. Mohr (Paul Siebeck), 1929). The review has been published in
Zeitschrift fur Nationalokonomie, vol. 1, no. 3, 1929, pp. 474 - 475. - it.
In the reviewed book belonging to a known series, lecture is published,
Read by Wilhelm it in Natioanlokonomischen Gesellschaft
(Economic company) Vienna and accepted by public with a great interest. With
Usual for it clearness and simplicity of an exposition the author gives the excellent review
At all importance these questions were ignored before. In Introduction it
Justifies quite defensible necessity to distinguish the form
Which can be divided on: savings, formation of the venture capital
("Self-financing"), and two sources of "compulsory formation of the capital"
-- Through measures of a fiscal policy and through the monetary policy.
Which should be taken today to heart: savings in narrow sense
Words on the former represent not only main, but also is unique
Indisputable source of formation of the capital. It is represented to me that it
The monetary policy which he as it is represented to me also incorrectly, considers
Effective only when creation of credit money conducts to growth
The prices though it is obvious that each injection of new credits for the sake of increase
Productions are raised temporarily by demand for the productive blessings rather
Demand for the consumer blessings so involves capital growth.
Then it in very instructive image analyzes the separate reasons,
Influencing size of savings, distinguishing thus between desire
To save up and possibility to save up that allows it to avoid the frequent
Messes. (The diagramme given to it illustrating mutual relations between these
Two factors, could be clearer in case of introduction of the third
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