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Interest and Saving (Classic Reprint)




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13.95 EUR*
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Partner:buecher.de
Hersteller:Forgotten Books (Gonner, E. C. K.)
Stand:2015-08-04 03:50:33

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Produktbeschreibung

Excerpt from Interest and Saving The main aim of the two essays which follow is very simple. They attempt an analysis of the connection which exists between interest and the process of saving whereby wealth is accumulated and capital supplied, and a criticism of the explanations which have been offered as to such connection. The normal and necessary existence of interest in society, organised on its present basis, is briefly treated. It is stated rather than argued that interest finds its cause in the relation between the supply of and the demand for capital, and in the need of distributing a somewhat limited amount among those demanding it, and presumably best able to use it. Further, it is not questioned that under a competitive system of industry the fund thus raised passes almost inevitably into the hands of those who save. But the essays, and especially the first and more important, deal with the results of such apportionment in respect of accumulation. Thus they seek to determine if any effect, and if any, what effect, is produced upon saving by interest. This problem presents itself in two forms. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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