Money, Bank Credit, and Economic Cycles - The Ludwig von Mises ...

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Bank Credit Expansion and Its Effects on the Economic System 337TABLE V-3THE SUPPLY OF AND DEMAND FOR PRESENT GOODS(FOLLOWING 25 M.U. OF VOLUNTARY NET SAVING)Suppliers of Present Goods Demanders of Present Goods(Savers or demanders of future goods) (Suppliers of future goods)Capitalists 1st stage = 64.25 + 9.50 = 73.75 Z 64.25 to Capitalists 2nd stage + 9.50 to original meansCapitalists 2nd stage= 53.50 + 9.68 = 63.18 Z 53.50 to Capitalists 3rd stage + 9.68 to original meansCapitalists 3rd stage = 42.75 + 9.86 = 52.61 Z 42.75 to Capitalists 4th stage + 9.86 to original meansCapitalists 4th stage = 32.25 + 9.79 = 42.04 Z 32.25 to Capitalists 5th stage + 9.79 to original meansCapitalists 5th stage = 21.50 + 10.21 = 31.71 Z 21.50 to Capitalists 6th stage + 10.21 to original meansCapitalists 6th stage = 10.75 + 10.39 = 21.14 Z 10.75 to Capitalists 7th stage + 10.39 to original meansCapitalists 7th stage = 0 + 10.57 = 10.57 Z 10.57 to original means______ _____225.00 Total demand 70.00 Total demandfrom the owners of from the ownerscapital goods of o.m. (landand labor)______ ______Total Supply 295.00 m.u. = SAVING AND = 295.00 m.u. Demandof Present Goods INVESTMENT (GROSS) for present goodsTotal
338 Money, Bank Credit, and Economic CyclesTABLE V-4GROSS INCOME AND NET INCOME FOR THE YEAR(following 25 m.u. of voluntary net saving)Gross Income for the Year75 m.u. of final consumption + 295 m.u.of total supply of present goods(Gross Saving and Investment as shown in detail in Table V-3)(Note: Gross saving and investment grow by 25 m.u., from 270 to295; and consumption shrinks by 25 m.u., from 100 to 75)Total Gross Income: 370 m.u.Net Income for the Yeara) Net Income Capitalists 1st stage: 75.00 – 73.75 = 1.25Received by Capitalists 2nd stage: 64.25 – 63.18 = 1.07Capitalists Capitalists 3rd stage: 53.50 – 52.61 = 0.89(Profit or interest Capitalists 4th stage: 42.75 – 42.04 = 0.71at each stage) Capitalists 5th stage: 32.25 – 31.71 = 0.54Capitalists 6th stage: 21.50 – 21.14 = 0.36Capitalists 7th stage: 10.75 – 10.57 = 0.18Total profits, interest or_____net income received bycapitalists at all stages: = 5.00 m.u.b) Net Income From stage 1: 9.50Received by From stage 2: 9.68Owners of the From stage 3: 9.86Original Means From stage 4: 9.79of Production From stage 5: 10.21(labor and From stage 6: 10.39natural resources) From stage 7: 10.59Total net income receivedby owners of the originalmeans of production:Total Net Income = Total Consumption_____70.00 m.u._____75.00 m.u.CONCLUSION:The Gross Income for the Year is equal to 4.9 timesthe Net Income
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MONEY,BANK CREDIT,ANDECONOMIC CYCLE
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CONTENTSPREFACE TO THE THIRD ENGLIS
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xiiMoney, Bank Credit, and Economic
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xivMoney, Bank Credit, and Economic
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xviMoney, Bank Credit, and Economic
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xviiiMoney, Bank Credit, and Econom
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PREFACE TO THESECOND ENGLISH EDITIO
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Preface to the Second English Editi
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PREFACE TOTHE THIRDSPANISH EDITIONI
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Preface to the Third Spanish Editio
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xliiMoney, Bank Credit, and Economi
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INTRODUCTIONThe economic analysis o
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Introductionxlviiand foreign exchan
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IntroductionxlixThis book comprises
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Introductionrecurrent phenomenon. I
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Introductionand Professors Hans-Her
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2 Money, Bank Credit, and Economic
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4THE CREDITEXPANSION PROCESSThis ch
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The Credit Expansion Process 169dif
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The Credit Expansion Process 173Eco
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The Credit Expansion Process 175Soo
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The Credit Expansion Process 201d 1
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The Credit Expansion Process 209Thi
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The Credit Expansion Process 217Wit
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The Credit Expansion Process 221(39
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6ADDITIONALCONSIDERATIONSON THE THE
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Additional Considerations on the Th
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7A CRITIQUE OFMONETARIST ANDKEYNESI
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A Critique of Monetarist and Keynes
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8CENTRAL AND FREEBANKING THEORYThis
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Central and Free Banking Theory 603
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9A PROPOSAL FOR BANKINGREFORM: THE
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A Proposal for Banking Reform:The T
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BIBLIOGRAPHYAbrams, M.A., Money in
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Bibliography 815Bajo Fernández, M.
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Bibliography 817Borch, K.H., Econom
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Bibliography 819Coronel de Palma, L
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Bibliography 821N. Durlauf and Lawr
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Bibliography 823Galiani, F., Della
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Bibliography 825Graham, F.D., “Pa
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Bibliography 827——, Prices and
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Bibliography 829translation by N. K
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Bibliography 831——, “Keynes
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Bibliography 833Russian edition by
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Bibliography 835Keeler, J., “Empi
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Bibliography 837——, “On Crisi
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Bibliography 839——, “Professo
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Bibliography 841Miller, H.E., Banki
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Bibliography 843Neira, Alonzo, M.A.
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Bibliography 845Raguet, C., “Repo
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Bibliography 847——, “The Myth
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Bibliography 849——, “Banking
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Bibliography 851M.C. Marcuzzo (Chel
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Bibliography 853——, “A Critiq
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Bibliography 855Walker, A., The Sci
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INDEX OF SUBJECTSAccelerator princi
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Index of Subjects 859Banking reform
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Index of Subjects 861objection to t
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Index of Subjects 863Goal, concept
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Index of Subjects 865See also Fract
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Index of Subjects 867Plan, definiti
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Index of Subjects 869Tragedy of the
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