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Concrete ways of its probable effect on the investment are consideredDemand. Interaction between effect of Rikardo and norm of percent on the monetary
To loans it is traced in section 4 and at first it will be considered at the such
Assumptions concerning the offer of the credit which approximately correspond
To real situations. In sections 5 and 6 same problem is considered starting with
Preconditions about "absolutely elastic offer of the credit" which, being in The maximum degree unrealistic, lifts theoretical problems, Representing significant interest. In final section will be stated Additional reasons which should be considered at any attempt Statistical check of the given theorem.
The position designated by us here as "effect of Rikardo", states that the general
Change of wages concerning the prices for products will change Comparative profitableness of various branches and methods of production,
Using work and the capital ("indirect work") in different proportions. In the
To the initial form it asserts that the general pay rise Concerning prices of goods will lower profitableness of branches and methods
The productions, using rather there is more than capital, not so it is strong, as
It will occur to branches and the methods requiring it rather less. Us Here the converse, namely that the general falling more interests Wages concerning the prices for products will have the opposite
Effect. Under influence of criticism of the present article in its preparation with
G.F.Shouva's parties I am not too assured now that a validity establishment The given assertion in its return form proves also its correctness in To the initial formulation.
The general change in the ratio between wages and the prices for products
It can be caused by the general change of prices of goods, the general change of the wage
Payments or change in technical knowledge and physical volumes of others The available factors influencing labour efficiency. Though any of these Changes it can be considered for our purposes as an independent variable, We, certainly, should not treat in the same way change in The labour efficiency, a consequence of changes in the ratio between Used work and the capital, as from the point of view of our problem it There is a dependent variable.
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