Causes of the collapse

... on the point of a bayonet The Convention proved the malice[Pg 24] of the argument by the manner in which they bore the insulting rejection of their petition: having discharged the duty which they ... possessing means of the most extensive and corrupting influence, strained them to the utmost; and gaining ground from that moment on the sense of the nation on t...

Ngày tải lên: 29/03/2014, 12:20

... 15 3 3 THE CAUSES OF THE ECONOMIC CRISIS (19 31) 15 5 I The Nature and Role of the Market 15 5 The Marxian “Anarchy of Production” Myth 15 5 The Role and Rule of Consumers 15 6 Production ... 10 5 The Price Premium 10 9 Malinvestment of Available Capital Goods 10 9 viii — The Causes of the Economic Crisis “Forced Savings” 11 1 A Habit-forming...

Ngày tải lên: 09/08/2014, 20:20

... — The Causes of the Economic Crisis more, then the fate of the money is sealed Only the belief, that the inflation will come to a stop, maintains the value of the notes II THE EMANCIPATION OF ... to the same extent as the German mark The leader of the Christian-Social Party and Chancellor of Austria (1 922 –1 924 and 1 926 –1 929 ), Dr Ignaz Seipel...

Ngày tải lên: 09/08/2014, 20:20

... evil 32 — The Causes of the Economic Crisis In its eyes, monetary depreciation is not considered the inevitable outcome of a certain pattern of economic conditions, as it is by adherents of the ... Stabilization of the Monetary Unit—From the Viewpoint of Theory — 37 for marks is inevitably disturbed by the government’s offering of marks for the purchase...

Ngày tải lên: 09/08/2014, 20:20

... increasing the quantity of money In place 7[This is not the place to examine further the theory of the formation of the purchasing power of the monetary unit In this connection, see The Theory of Money ... the attention of politicians and businessmen to the fluctuations in the purchasing power of the precious metals and 58 — The Causes of the Econo...

Ngày tải lên: 09/08/2014, 20:20

... conclusively the errors and defects of the basic concept that purchasing power can be measured 14 [The Ed.] Theory of Money and Credit, 1 953 , pp 116ff.; 1980, pp 138ff.— 74 — The Causes of the Economic Crisis ... with the situation which actually appears on the market The imaginary construction 16 [The Theory of Money and Credit, 1 953 , pp 239ff; 1980, pp 271f...

Ngày tải lên: 09/08/2014, 20:20

... with these problems, had a rather vague idea that the “stabilization of the price level” was the way to attain the goals they set for cyclical policy Yet 98 — The Causes of the Economic Crisis ... unknown 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...

Ngày tải lên: 09/08/2014, 20:20

... — The Causes of the Economic Crisis “stabilization crisis 39 appears The cause and appearance of this crisis correspond precisely to those of the crisis which comes at the close of a period of ... break out as the result of a change in the conduct of the banks The later the crack-up comes, the longer the period in which the calculation of...

Ngày tải lên: 09/08/2014, 20:20

... produced, that there wasn’t any “overspeculation” at all, that the 1 38 — The Causes of the Economic Crisis boom was only the natural outgrowth of technical progress, the development of means of communication, ... “controlling the money market.” For the bank of issue, the restriction of circulation credit means the renunciation of profits It may even mea...

Ngày tải lên: 09/08/2014, 20:20

... living standard of the masses, that accompanied the development of capitalism, is the 166 — The Causes of the Economic Crisis result of the rise in real wages which kept abreast of the increase ... 158 — The Causes of the Economic Crisis supply and demand, by the value the product of labor has in the eye of consumers By shifting the height...

Ngày tải lên: 09/08/2014, 20:20

... 184 — The Causes of the Economic Crisis produced during the boom period is malinvestment, which must be liquidated by the crisis In their opinion, some of the fruits of the boom remain and the ... the manipulation of the rate of interest The collapse of the house of cards is a manifestation of the democratic process of the market It is vain...

Ngày tải lên: 09/08/2014, 20:20

... each branch of the linen and woollen manufactures, from the growers of the flax and the wool, to the bleachers and smoothers of the linen, or to the dyers and dressers of the cloth! The nature of ... the corn of England, though, in opulence and improvement, France is perhaps inferior to England The corn-lands of England, however, are better culti...

Ngày tải lên: 14/08/2014, 22:20