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The distinction conducted by it between long - and short-term balance. Compare itAssertions like the following: "... The nature of balance and the reasons, it
Causing, depends on duration of the period which takes
Extending a market ". (Principles 7th ed., I, 330). (Rus. The lane: A.Marshall.
Political economy principles. It, "Progress", 1984, it.2, it.12 with Corrections.) Idea of the equilibrium state which is not the stationary Condition, already was present at my work: "Das intertemporale Gleichgewichtssystem der Prise und die Bewegungen des Geldwerters ",
Weltwirtschaftliches Archiv, Vol. XXVIII (June, 1928), and it, of course, very much
It is important, if we wish to apply the device of the theory of balance to an explanation of any
From the phenomena connected with "investment". The rich historical information on
This question as a whole can find in: E.Schams, "Komparative Statik", Zeitschrift fitr Nationalitkonomie, Vol. II, No. 1 (1930). See also:
F.H.Knight, The Ethics of Competition (London, 1935), p. 175n; about the further
To working out of a problem after the first publication of the present sketch see my work
Pure Theory of Capital (London, 1941), chap II.]
From here that communication between balance becomes, seemingly, much clearer and
Prediction about what the last years there were such hot discussions. [Compare, in
Particulars: Oskar Morgenstern, "Vollkommene Voraussicht und wirtschaftliches
Gleichgewicht ", Zeitschrift fitr Nationalitkonomie, VI (1934), 3.] It is represented that the concept of balance means only that a prediction Various members of company are true - in some special sense. They should
To be true in the sense that the plan of each person it is based on expectations
Such actions from outside other persons, which these people also intend To make, and that their plans are constructed in expectation of the same set
External events so that under certain conditions anybody will not have reasons
These plans to change. In that case the correct prediction is not, as it Sometimes was considered, the prior condition which should be observed for Balance achievements. It is a defining sign of a condition without delay Balance. For balance achievement it is not required also, that a prediction Was made that is that it was stretched in the infinite future and that
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