From: [Swiss] sismondi's New Principles of Political Economy.
Introduction: The finisher of French classical political economy and the founder of economic romanticism. From Italy. He was born in a Protestant family in Geneva, Switzerland, and then moved to France. He went to college in Paris, dropped out of school because of his poor family, and worked as a clerk in a bank in Lyon.
Second, the accumulation of capital savings, that is, the only savings to create new wealth, is not always a good thing if it is not used as any beneficial investment.
From: [Swiss] sismondi's New Principles of Political Economy.
On the one hand, saving increases the existing capital, on the other hand, it reduces the consumption of utility and convenience. Therefore, if the savings habit is excessive, the accumulated capital will exceed the actual needs and will develop into a general overproduction.
From: Hobson and Mumori, Industrial Physiology.
Fourth, where labor productivity is the largest, capital accumulation is also the largest; In other words, that is, the net profit of capital, or the place where the capitalists engaged in production have the greatest profit after removing all expenses.
Excerpt from: [England] Michael Cullo, Principles of Political Economy.
The reason why the accumulation of wealth is limited and the interest rate is delayed is because most people prefer immediate satisfaction to delayed satisfaction, in other words, because they are unwilling to "wait".
Said by: Marshall's Principles of Economics
Brief introduction: George Catlett Marshall (1880.12.31~1959.6438+00.16) is an American strategist, politician, diplomat and five-star general in the army. 190 1 graduated from Virginia military institute and participated in the first world war.