THE CAUSES OF THE ECONOMIC CRISIS phần 5 potx

... also the theory of intermediate (indirect) exchange, i.e., the theory of a generally accepted medium of exchange (monetary theory) and the theory of fiduciary media (banking theory) with all their ... theory is the emphasis he gave to the previously little noted effect of 82 — The Causes of the Economic Crisis 4. CHANGES IN WEALTH AND INCOME However, the soci...

Ngày tải lên: 09/08/2014, 20:20

... 151 3. International Complications 152 4. The Future 153 3—T HE CAUSES OF THE ECONOMIC CRISIS (1931) 155 I. The Nature and Role of the Market 155 1. The Marxian “Anarchy of Production” Myth 155 2. ... the “Balance of Payments” Doctrine 25 1. Refined Quantity Theory of Money 25 v xvi — The Causes of the Economic Crisis expansion. This addition to...

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... needed for these purposes are, for the most part, already available within the country. The 10 — The Causes of the Economic Crisis 4— The Causes of the Economic Crisis 4 Bourse (French). A continental ... clearings at the 16 — The Causes of the Economic Crisis If, with the suspension of printing press operations, the mone- tary policy reforms...

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... result, therefore, the balance of payments becomes decisive 40 — The Causes of the Economic Crisis (2) On the other hand, whether it might not also be neces- sary to limit similarly the issue of other ... prescribed the Banking Theory. It has moreover even revived the doctrine of the canonists and of the legal authorities of the Middle Ages to the effec...

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... increasing the quantity of money. In place 60 — The Causes of the Economic Crisis 7 [This is not the place to examine further the theory of the formation of the purchasing power of the monetary ... Circulation Credit Theory, developed out of the Currency Theory and usually called the “Monetary Theory of the Trade Cycle.” These theories, of course, a...

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... 3. THE CIRCULATION CREDIT THEORY Of all the theories of the trade cycle, only one has achieved and retained the rank of a fully-developed economic doctrine. That is the theory advanced by the ... School, the theory which traces the cause of changes in business conditions to the phenomenon of circulation credit. All other theories of the crisis, even when t...

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... had others 134 — The Causes of the Economic Crisis less than the stabilization of the purchasing power of money. For a discussion of this see Part I of this study. Like the Currency School, the ... obstacle in the way of the development of fiduciary media in the form of bank deposits. 114 — The Causes of the Economic Crisis and proceeding...

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... regularity in the timing of the movements in the three curves. 136 — The Causes of the Economic Crisis There is no need to share the exuberant expectations for the practical usefulness of the Harvard ... for the central bank of issue to delay the start of the catastrophe with its discount policy, the situation depends 138 — The Causes of the E...

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... the living standard of the masses, that accompanied the development of capitalism, is the The Causes of the Economic Crisis: An Address — 1 65 3. THE CAUSE OF UNEMPLOYMENT If the government were ... on the part of the labor unions presup- poses, of course, that the government at least acquiesces in their behavior. 166 — The Causes of the Econo...

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... [during the nineteenth century] at the time of the drive for bimetallism. 186 — The Causes of the Economic Crisis 3 An extreme example: the discount policy of the German Reichsbank in the time of ... the economic crisis, the breakdown of interventionist economic policy the policy being followed today by all govern- ments, irrespective of whether th...

Ngày tải lên: 09/08/2014, 20:20