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We will consider each of them one after another. But such method of presentation notShould generate representations as if these factors, strictly speaking, are independent
From each other. For example, in what proportion increase in the effective
Demand it is divided in the operation between increase in a volume of output and
Rise in prices, can affect and character of link between quantity of money and
The value of effective demand. In the same way and distinction in proportions, in
Which reward of various factors varies, can influence on
The ratio between quantity of money and the value of effective demand. The purpose
Our analysis at all in creating such mechanics or such
The sample circuit of operations which automatically would produce the faultless
The answer, and in providing itself with a method for systematic and Systematic studying of some problems. Therefore after installation Preliminary outputs by consecutive isolation of one behind another Complicating factors we should return now to our initial position and
To consider, how much it is possible, probable interactions of all these factors.
Such is the nature of economic thinking. Any other way Applications of formal principles of knowledge (without which, however, we Would lose the way, as in wood) would lead us to errors. A serious defect Formalisings of the economic analysis by means of the pseudo-mathematical Symbolicses, like that that is presented in VI present head, in that and
Consists that all these constructions evidently start with an assumption about the strict
Independence of the factors entered into the analysis and they lose all the
We are not limited to mechanical manipulations, and it is known permanently that it is done
Also that words used by us mean, we can hold about ourselves "in mind"
Necessary stipulations and corrective amendments which we should bring later; but
We cannot in the same way throughout several pages in any way
Algebraic calculations to hold "in mind" difficult partial derivatives, and it
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