World classics of investment in fixed assets

Authors

  • М. К. Baygisiev
  • Zh. А. Ospanbayev
        43 23

Keywords:

fixed assets, income, the marginal efficiency, investment rate of return,

Abstract

The article considers investment issues, in capital based on the ideas and concepts of classical economic theory of the beginning and middle of the XX century, such as: J. Keynes, R.F.Horrod, D.R.Hiks, John. Robinson and others. Classical school of economics suggests that aggregate demand - the monetary cost of production quickly and flexibly adapted to the anticipated reduction in profitable sales, thereby keeping the economy at full employment. J. M. Keynes refused to accept this assumption as absolute truth and the essence of its denial of Say’s law. As shown by Keynes, the fact that the cost is equal to income, in other words, the accumulation is equal to investment, does not mean that the cost is always enough in order to economic resources find their full application.

References

1 Kejns Dzh. Obshhaja teorija zanjatosti, procentov i deneg. – M: Delo, 2001. – S.158-159.
2 Kejns Dzh. Obshhaja teorija zanjatosti, procentov i deneg.
– M: Delo, 2001. – S.183-186.
3 Marshall A. Principles of Economics (Principy jekonomiki).
– M: Mysl’, 1986. – S.116-117.
4 Horrod R.F. Towards and Dynamic Economics. – London: Macmillan & Co, 1964. – p.47-48.
5 Hansen E. Business Cycles and National Income. – Ma: Delo,
1986. – S.96-97.
6 Robinson J. The Accumulation of Capital. – M: Mysl’,
986. – S.81-82.

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How to Cite

Baygisiev М. К., & Ospanbayev Z. А. (2016). World classics of investment in fixed assets. International Relations and International Law Journal, 69(1). Retrieved from https://bulletin-ir-law.kaznu.kz/index.php/1-mo/article/view/41