Modigliani

In: Business and Management

Submitted By manuelortizs
Words 9757
Pages 40
El estudio de ahorro individual y ahorro agregado y riqueza ha sido central a la economía porque el ahorro nacional es la fuente de la oferta de capital, un importante factor de producción, control de la productividad del trabajo y su crecimiento en el tiempo. Es debido a esta relación entre el capital productivo y ahorro que ahorro tradicionalmente ha sido considerada como un acto virtuoso, socialmente beneficioso.
Sin embargo, hubo un intervalo breve pero influyente en el curso de la cual, bajo el impacto de la gran depresión, y de la interpretación de este episodio que Keynes propuso en la Teoría a General [1936], ahorro llegó a ser visto con recelo, como potencialmente perjudiciales para la economía y el bienestar perjudicial para social. El período en cuestión va desde los mediados 30 a los 40 ' finales o primeros años ' 50. Ahorro constituye una amenaza potencial, como redujo un componente de la demanda, consumo, sin sistemáticamente y automáticamente dando lugar a una expansión de compensación en la inversión. Así que podría provocar la demanda "inadecuada" - y, por lo tanto, producción y empleo inferior a la capacidad de la economía.
Este fracaso es atribuible a una variedad de razones incluyendo rigidez salarial, preferencia de liquidez, fijada coeficientes de capitales en la producción y la inversión controlados por espíritus animales más que por el costo del capital.
No sólo se oversaving consideraba haber jugado un papel importante en la gran depresión, sino que, además, existía un temor generalizado que el problema podría volver a rondar la posguerra. Estos temores fueron promovidos por una convicción generalizada de que, en el futuro, no habría necesidad de demasiada acumulación adicional de capital mientras que ahorro aumentaría aún más rápido que los ingresos. Esta combinación puede esperarse como resultado, tarde o temprano, desbancando a la…...

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