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To automatic establishment of norm of percent at the necessary level. On the contrary, they
Hotly insisted that excessively high norm of percent is
Main obstacle to riches growth. They even knew that norm of percent
Depends on a liquidity preference and from quantity of money. They attended and
Question of reduction of a liquidity preference, and quantity increase
Money, and some of them clearly indicated that growth of quantity of money they
Achieve to lower norm of percent. Prof. Heksher so
Summarises this party of their theory.
And in many other things, it is absolutely clear in certain borders. For them money
Were, using terminology of our time, the same factor
Productions, as well as the earth. Sometimes money was considered as "artificial"
Riches unlike "natural" riches. Percent on the capital
It was considered as a payment for "lease" of money to similarly ground rent.
Percent - and they did it in increasing frequency during the considered
The period, - they found these reasons in total of money. From the available
Plentiful material the most typical examples for this purpose will be taken only,
To show first of all, this submission was how much stable,
Its roots were how much deep and in what measure it did not depend from
Practical reasons. Both parties in struggle concerning the monetary policy
And trade with the East Indies in the early twenties XVII century in England were completely
Agree among themselves in this item. Dzherard Melin, in detail justifying the
The thesis, declared that "abundance of money negatively affects on
Usury, influencing the price or a call money rate "(140). It
Aggressive and unscrupulous enough opponent Edward Misselden answered,
That "abundance of money" (141) can be means against usury.
Half a century after one of leading writers of that time of Chajld, all-powerful
The chief of the East Indian company and its most skilful attorney, discussed
(In 1668) a question on that, how much legislative establishment
The maximum interest rate - that he persistently achieved - can
To be reflected on it "money" by Dutches from England. As means
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