the creation of money

... international comparison – an 5.6 A theory of incentive taxation in the process of 6.1 The problem of economic prognosis 2116.2 The liquidity theory of money 219 Trang 8List of Tables[Note: Schmölders ... Schmölders further elaborates on the role ofthe entrepreneur in capitalist societies, while also trying to explain thenegative image of the entrepreneur at the time of writing neverthe-In comparison ... few of his attempts to promote hisapproach Trang 154 The Psychology of Money and Public Finance1.2 Plan of the book These attempts are subsumed under the title ‘Economic Psychology’(Chapter 2) The

Ngày tải lên: 20/06/2014, 21:20

... into the variousforms of saving and into the influences of group standards and leads onthe function of saving, as well as losing any chance of making forecasts on the behaviour of the savers The ... nothingmore to do with economic theory Rather it forms part of other discip-lines’ territory, above all the discipline of psychology.9 Value theory’s resignation in the face of the motivations on which ... grips with these factors of beha-viour which are inherent in the dynamics of all higher organisms Gametheory is equally hesitant to give up the hypothesis of maximum profit as the sole dominant motive,

Ngày tải lên: 20/06/2014, 21:20

... enough the result of the fact that to some extent manage-ment of the deposit money account is a role traditionally assigned tohim; he is the head of the family and the head of the house, the familybears ... that it is less the level of the earnings available to the household which causes the head of the house to manage a part ofhis income himself, but rather the fact that some part of these earningsremains ... confidence in the value of money and appreciation of the value of money; and oneducation to induce saving and to impart a knowledge of economics.The analysis of the reasons for a particular kind of behaviour

Ngày tải lên: 20/06/2014, 21:20

... The question of whether people prefer to carry cash rather thanchequebooks in their pockets, or the question of how much moneysettles at the bottom of a cheque account over time and remains thereunused, ... see the movie despite the price of the balcony seats; the case issimilar for the extraverted and the desultory versus the introverts and theorderly This difference is even more pronounced in the ... about the value of money and theirreactions to value changes As usual our first objective was to identifythe possible attitude objects,53 i.e we wondered whether the develop-ment of prices or the

Ngày tải lên: 20/06/2014, 21:20

... toosuperficially with the person and the role of the entrepreneur, and hissignificance to the course of the economy J.A Schumpeter referred tothe ‘sin of omission’ of which conventional economic theory has ... cannot accommodate the factor of freedom ofchoice and freedom to act; it disappears in the face of the inevitability of the economic process Directing the attention of economic theoryand economic ... level within the cycle,but not the absolute equipment level The factor of age also has lessinfluence than the life cycle on the level of consumption (Lansing andKish, 1957) The size of the household

Ngày tải lên: 20/06/2014, 21:20

... For the overwhelming majority, any such distant monetaryand economic consequences of the creation of money in the midst offull employment seemed completely unworthy of consideration On the other ... One of these authors,Amilcare Puviani, Professor of Law at the University of Perugia, evensucceeded in writing a complete ‘theory of fiscal illusions’, in which he contrasted the illusions of ... cases, this way will be closed to further research by lack ofcooperation on the part of taxpayers or tax-dodgers Then, the onlyother way of measuring the degree of negative compliance or tax resist-ance

Ngày tải lên: 20/06/2014, 21:20

... privileges, the ‘equi- valence’ of the tax burden with the sought-after quid pro quo of protec- tion by the state for person and property, the liberation of the poor, and setting taxes on the basis of the ... compromise under which the theorists’ findings flow in harmony with the spirit of the age and the opinions of the politicians. These ideals find concrete expression in the ‘principles of taxation’ 47 ... on public finance theory of the era concerned, but are simultaneously also and always an expression of the spirit of the age and the result of discussions in the policy arena; the respectively

Ngày tải lên: 20/06/2014, 21:20

... the other hand, the ‘total monetary demand’, which is nothing other than the ‘general demand’ of the price theory That it is not the. .. transactions, the quantity theory of money ... theory of inflation While the latter explains the rise of. .. explains the rise of the general price level merely in terms of the so-called volume of money, modified by the ... .. consequence of the development of the financial system.’14 Not the ‘supply of money , therefore, but the liquidity position of business is the main factor of general business

Ngày tải lên: 20/06/2014, 21:20

... the central bank.c = the amount of central bank money that istransferred to and retained in the non-banking sector at each stage of thecredit expansion process.) 52 The German postal system offers ... until then they had paid no taxes at all, and the Emperor thus suddenlyconverted them into tithed persons, who lost ownership of a large part oftheir inheritance’ (quoted in translation from the ... have generally calledfor the second of these concepts The ostensible intention behind this, ofonly concluding the necessity for a progression in the tax rate from the fact of a diminishing limit

Ngày tải lên: 20/06/2014, 21:20

... intensification of them, are unavoidable. 57 At the end of his treatment of the “Law of the Tendency of the Rate of Profit to Fall” in Part Three of Volume Three of Capital Marx links the rupture of the ... macro theory. The gross rate of profit is the ratio of interest plus rent plus the profit of industrial and commercial enterprises to invested capital. The net rate of profit is the ratio of industrial ... tendencies of the gross rate of profit to fall at some point in every expansion. The integration of these two phenomena is Marx’s theory of crisis. Neither one theorized in isolation from the other...

Ngày tải lên: 16/02/2014, 03:20

... that the central bank unilaterally sets the level of the monetary base, i.e. the monetary base is the instrument of monetary policy. The money multiplier then determines the supply of broad money, ... simply determined as a multiple of the monetary base, depending on the size of the money multiplier. The concept of the money multiplier derives from the basic feature of deposit banking that, ... real-time identication of the effects of these developments on the supply of money will be an important contribution of the monetary analysis to the assessment of the appropriate monetary...

Ngày tải lên: 16/02/2014, 11:20

... Kinds of Money I.4 Money and the State I.5 Money as an Economic Good I.6 The Enemies of Money Part II The Value of Money II.7 The Concept of the Value of Money II.8 The Determinants of the ... Power, of Money II.9 The Problem of the Existence of Local Differences in the Objective Exchange Value of Money II.10 The Exchange Ratio Between Money of Different Kinds II.11 The Problem of Measuring ... succeeded in differentiating the utility of the two for monetary purposes. The consequence was the increased employment of one of the metals and the disappearance of the other. The legislative and...

Ngày tải lên: 15/03/2014, 07:20