Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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178 POLITICAL ECONOMY for capital in production, as we have discerned, measures the marginal worth of different quantities of capital in production ; and, in order to reach the complete demand of a community for capital, we have to add to the demand for production what may be called the demand for consumption. The demand for consumption is measured by the value to individuals of accessions to their present supplies of wealth when they have tangible expectations to pledge as security for loans. The supply of capital is governed by the power to save and inducements to save. Wealth may be saved for a variety of reasons. People may practise thrift merely for the sake of obtaining interest ; but all saving is not to be ascribed to a desire to earn interest. Some persons are saving with a view to having at their disposal a fund through the agency of which they may seize any opportunities that offer for the advancement of their worldly interests ; and all persons, except the most improvident, set by something against sickness, accident or other misfortune, or in order to enable them to meet without excessive strain future obligations. Much of the provision for the purposes last enumerated is effected through insurance companies. Further the accumulations automatically made by those

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