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Benefit will decrease, though the capital and does not become less productive, on
To extreme measure in technical sense.
It is made it* by means of that it was accepted to name skill,
And now name as technology, and natural resources, free from the rent or
Taxed with it according to their rarity or abundance. More preferably
To consider work, including, of course, personal services of the businessman and it
Assistants, as the unique factor of production acting at availability
Technologies, natural resources, equipment facilities and
Effective demand. It partly speaks, why we could accept
Unit of labour as the unique physical unit necessary in
To our system, along with units of money and time.
Truly that some long and roundabout processes technically
Are effective. But as business and with some short is
Processes. Long processes are technically effective not because
They last long. Some long processes - it is probable, even
The majority - should be technically rather inefficient if to consider
Damage and deterioration with the course of time (102). At the given resources of a labour
There is a certain quantitative border, in which work,
Materialised in "roundabout" processes, can be used with benefit.
Irrespective of other reasons there should be a proper proportion
Between quantity of the work taken in production of cars, and quantity of work,
Taken in their operation. Applied processes can become more and more
And more "roundabout", but value received in the end will not be from
It infinitely to grow in relation to expended work, even if
Technical efficiency of these processes continues to increase. Only in
That case if the desire to delay consumption is strong enough, that
To cause a situation, at which the volume of investments necessary for maintenance
Full employment, it will appear so big that a marginal efficiency
The capital will be negative size, - then really process was
More favourable it is simple owing to the duration. In this case we
Would use and technically inefficient processes if only only they were
Long enough, that benefit from output delay
Exceeded this efficiency. We would face then a situation, at
To which short processes followed save enough
Rare that their technical efficiency exceeded it rapidity
Production cycle. The correct theory should be therefore reversible,
To save the conclusions and when a marginal efficiency
Corresponds to positive norm of percent and when it corresponds
To negative norm of percent. In my opinion, only the rarity theory, as
It is outlined above, suitable for this purpose.
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