Economics I
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In our eReader you can find the full English version of the book. Read Economics I 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 Economics I
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As society becomes more secure there are fewer cases of high nominal interest on risky contracts and invest- ments which make it seem as if the interest had fallen from a greater height than it really has. Sec. 314.
There still is difference in the real rate, which is due to the follow- ing : 1. In new communities there is an insecurity of tenure and a chance for adverse legislation which make future rights less valuable.
2. The high rate of fake interest attracts into illegitimate invest- ment...s a certain amount of capital which would otherwise be used in legitimate ones. This lowers the supply for the legitimate invest- ments and raises the rate.
3. In new countries people want to control their own capital.
This raises the rate by decreasing the supply of loanable funds.
Sec. 315.
The rate of profits seeks a level, because as interest goes down while profit remains stationary, the borrowers invest more. This creates a demand for labor. Wages rise. More products result.
Prices go down and profits go down.
What to read after Economics I?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As society becomes more secure there are fewer cases of high nominal interest on risky contracts and invest- ments which make it seem as if the interest had fallen from a greater height than it really has. Sec. 314.
There still is difference in the real rate, which is due to the follow- ing : 1. In new communities there is an insecurity of tenure and a chance for adverse legislation which make future rights less valuable.
2. The high rate of fake interest attracts into illegitimate invest- ment...s a certain amount of capital which would otherwise be used in legitimate ones. This lowers the supply for the legitimate invest- ments and raises the rate.
3. In new countries people want to control their own capital.
This raises the rate by decreasing the supply of loanable funds.
Sec. 315.
The rate of profits seeks a level, because as interest goes down while profit remains stationary, the borrowers invest more. This creates a demand for labor. Wages rise. More products result.
Prices go down and profits go down.
What to read after Economics I?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
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