The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ
The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ
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In our eReader you can find the full English version of the book. Read The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ
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To quickly assess the difficulty of the text, read a short excerpt:
But the same is also true for the total volume D of the indebtedness of the industrial to the financial world. In as- suming that the difference dD — dV can be neglected, we not only ignore the periodic fluctuations of the quantities D and V, but we also take for granted, in considering long periods, either that both do not change at all, or, if they do change, that the change is equal for both. This is indeed nearly the case, for every increase of bank credit is attended by a nearly equal incr...ease of business debts. But while there is some difference, formula (4), though true in the main, is not mathematically correct. On the other hand, all deductions based on formula (3) are accurate throughout.
22 338 RESTRAINTS ON INDUSTRY [253 rate of interest prevailing under static conditions (251) as follows : (6) i = 100X(E — S)^-D.
This last formula also represents the general average rate of interest in the actual business world.
The volume of the currents E and S, which we termed preparatory currents, depends solely on the option of those who have the money to spend.
What to read after The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ?
You can find similar books in the "Read Also" column, or choose other free books by Hugo Bilgram to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
But the same is also true for the total volume D of the indebtedness of the industrial to the financial world. In as- suming that the difference dD — dV can be neglected, we not only ignore the periodic fluctuations of the quantities D and V, but we also take for granted, in considering long periods, either that both do not change at all, or, if they do change, that the change is equal for both. This is indeed nearly the case, for every increase of bank credit is attended by a nearly equal incr...ease of business debts. But while there is some difference, formula (4), though true in the main, is not mathematically correct. On the other hand, all deductions based on formula (3) are accurate throughout.
22 338 RESTRAINTS ON INDUSTRY [253 rate of interest prevailing under static conditions (251) as follows : (6) i = 100X(E — S)^-D.
This last formula also represents the general average rate of interest in the actual business world.
The volume of the currents E and S, which we termed preparatory currents, depends solely on the option of those who have the money to spend.
What to read after The Cause of Business Depressions As Disclosed By An Analysis of the Basic Princ?
You can find similar books in the "Read Also" column, or choose other free books by Hugo Bilgram to read onlineMoreLess
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