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The brought in expected income of the certain level established by the flowingNorm of percent. The expected income of the limiting new investment cannot
To increase only because somebody wishes to increase the riches, - after all it
Depends on prospective demand for certain subjects in the defined Time.
We will not leave from this conclusion and arguing as follows. That interests
The proprietor of riches, so it not any given expected income, and Best of accessible expected incomes so that desire strengthening to possess Riches lowers that expected income to which should be satisfied To new investors. But in this reasoning that is lost sight Circumstance that for the holder of real capital property always There is an alternative - to possess instead of it money or debt Obligations. Therefore the minimum expected income to which it is necessary To be satisfied to new investors, cannot fall below that level, which
It is established by current norm of percent. And the current norm of percent depends, as we
Already saw, not at most desires to have it in liquid and illiquid forms, And from in what parity to each other there are riches offers
In those and other forms. If not all is clear to the reader, let it will wonder,
Why the sum which at existing norm of percent wish to save in
To liquid form, should decrease because of the new certificate of savings (quantity
Money invariably).
Some, even more difficult difficulties which can arise at
To attempt to get even more deeply in all these "why" also "paternal", will be
Are considered in the following chapter.
II
It is much better to say about the capital that it brings throughout the Lives the income of the initial value than to name it The productive. The unique reason, why this or that kind of the capital
Gives the chance to receive during term of its service the income exceeding on
To the combined value its initial ask price, consists in that, That it is a rarity. Rare it remains owing to a competitiveness with The percent parties on money. If the capital becomes less rare, indicated
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