Value Theory and Business Cycles артикул 10855b.
Value Theory and Business Cycles артикул 10855b.

Value Theory and Business Cycles was originally published in 1933 during the great depression It is the purpose of the present study to show the vital relation between business cycle theory and value theory In fact, the study is intended to contribute quite as definitely to the economics of value as of business cycles Section I deals with embodied одлун value theory and price movements Section II deals with business cycles in relation to the marginal utility theory of value, as developed by the Austrian School Section III deals directly with the problem of business equilibration, showing how certain forces contribute to instability, and suggesting ways and means of the achievement of greater business stability The positive argument in this work may followed quite successfully by reading the first chapter in Section I and then proceeding directly to Sections II and III This book covers such topics as Why production does not finance consumption; Why supply does not beget demand; Why prices do not gravitate to the equilibrium point that clears the market; How a partial depression generates a general depression; Why the repeal of the antitrust laws and the promotion of unrestricted monopoly will not necessarily make business more stable; What the dangers of greenbackism really are; How the gold standard is unstable; Why liquidation fails to liquidate in time of depression.  StayingISBN 0894990675.