Publication of the Kress Library of Business and Economics, 第 18〜20 号Baker Library, Harvard Graduate School of Business Administration |
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At the outset of his main treatise he states : That the expenditure of one man
gives a corresponding increase of income to others . That whatever money is
acquired by the different classes of the community should be re - expended by
the ...
At the outset of his main treatise he states : That the expenditure of one man
gives a corresponding increase of income to others . That whatever money is
acquired by the different classes of the community should be re - expended by
the ...
22 ページ
Such governmental expenditure does not serve merely to increase national
income by the sum expended . Rather , a multiplier process is set in train which
results in an ultimate increase well in excess of the initial outlay : Suppose the ...
Such governmental expenditure does not serve merely to increase national
income by the sum expended . Rather , a multiplier process is set in train which
results in an ultimate increase well in excess of the initial outlay : Suppose the ...
30 ページ
Thus , a sudden decrease in the work force might raise real wages above the
subsistence minimum . Such a rise is short lived however , as it leads to
population increase , an increase in the work force , and hence , a return to
subsistence .
Thus , a sudden decrease in the work force might raise real wages above the
subsistence minimum . Such a rise is short lived however , as it leads to
population increase , an increase in the work force , and hence , a return to
subsistence .
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