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Image sizes: 256x256, 128x128, 64x64, 48x48, 40x40, 32x32, 24x24, 20x20, 16x16 File formats: ICO, BMP, GIF, PNG Tags: orthodox church icons, jbutton icon, new website icon, icons about family, love my boyfriend iconsCould not. This school rejected possibility of expansion of issue of banknotes toSome undesirable level under condition of strict maintenance Their convertibility in gold and at the same time considered that resulted above Distinction between banknotes and depositary obligations at all is not The effective. However many still denied that contributions poste restante Are a monetary circulation part, and a general recognition of this fact Has taken place only at the time of the Poppy-leoda (Macleod) 1855, "Theory and Practice of Banking ". Events of 1847 have forced Wilson to be engaged in the analysis of the reasons of the economic Crisis. He did not doubt that the capital nature predetermined a dilemma: Work could be spent or for manufacture of the tools used in the future Manufacture, or - on manufacture of the products consumed immediately. The theory of a business cycle constructed by Wilson is connected with its differentiation The basic (fixed) and turnaround (floating) the capital. [It is easy to see..., however Important for steady prosperity of the country there is a correct proportion Between the core and a working capital: a working capital on which depends Unceasing reproduction of the goods of daily demand and stable Work employment, should not distract from these purposes and be transformed in Fixed capital in the scales exceeding the sizes of superfluous accumulation The capital of the country minus the sum, sufficient for manufacture continuation The goods for current consumption. If a part of a working capital of the country all It will be incorrectly transformed into the basic, quite obviously following: As work of the people occupied in spheres, representing a fixed capital, not Reproduces the goods which serve for support of this work, or the goods, Which can be exchanged for those at internal or foreign them The manufacturer, it eventually leads to shortage of these goods and a rise in prices On them, and the payment fund is inevitably reduced. Correctly that to process
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