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Wealth accumulation is a major challenge. This problem involves the concept of income and wealth should be headed by the Fisher's. In former days when you want to graduate from Fisher's idea to find the answer. The teacher sent Sheikh Sura was explaining the theory of the Lord, Fisher 1964 I asked his wealth accumulation analysis, he frankly inexplicable, he did not have the answer, say hope someday I can turn off this difficult problem. Sheikh teacher recommended that he say they can't read, Friedman 1962 price theory published in "the last chapter Ugg Classic is about the accumulation of wealth. I also read. For years after Franz old told me that the chapter was his most desirable theoretical analysis, I then read nor understand. When hearsay, masters such as Mrs. Robinson and Hayek as contemplated wealth accumulated the problem almost suffering from mental illness. Wanted Al Shula returned alive, because I finally found one can solve the wealth accumulation of point of view. This perspective ideas since 2006. At that time the Mainland's soaring Beijing hand suppressing property market, my friend asked me how to look at. I inadvertently respond: ?introduction of revenue increase of population, consumption after remaining you want them to generally, buy properties as wealth accumulation is nice, why do you want to suppress them? I understand Beijing worried about so-called bubble, but many vendors build building land can resolve, the suppress Cardy Boots property market is hindered the wealth accumulated an important choice. Cold on economic growth, wealth accumulation is an important topic, I used to like Florence old that year, from Fisher's interest theory ", which not many. Years to get the financial crisis and China real estate, I expect some new angles or to play out. Cold new perspective there are two related points. Together since the United States for the 2008 financial crisis: the so-called toxic assets is some paper, write a wealth dropped to zero is nothing. If the accumulation of wealth is real estate, its price plummeted assets also in, use, rental turned up opportunities exist, and will not appear desperate. The stock plummeted nearly wealth, but relevant bodies 1 exists, investors have the opportunity to regain lost ground. The second point related to the Beijing Uggs Boots repeatedly to suppress the property market. I understand their purpose, but in a good economic growth in China, the general public through investment to accumulate wealth, the security may be given in the real estate. Do not allow them to do so, or in the policy intention or inadvertent loss of the real estate investor, unwise. I can easily think of extreme example that suppress the property market can the entire economy outgoing inter-engage. Cold that bring to the production function analysis of the difficulties of economic growth, there are two points. The first is no good wealth accumulation theory support, production function theory is founded on quicksand. The second is the production factors into the function, the system is wrong output will malfunction. I know the production function analysis, have a very cooked, know is 36, will not do is 36 functions very funny. Introduction of economic growth, over the years I only focus on two points: first, the resource constraints, the second, competitive system. These are the 1950s before the rise of the economic growth theory of clich from classical Smith to neoclassical Marshall will look. Economic growth by competitive system of resource use decisions are also commonplace. My contribution is Al-Chin and Marcos inspired after system analysis improves. Improved focus on the Cheap Ugg Boots property constraint competition into contract constraints competition; promoting the transaction costs for social costs, and change the angle at the cost of the constraints of competition; the rent dissipation and social costs linked to the increase in the efficiency of the system as rent dissipation declined. Originally a headache very wealth accumulation was simple, as you can from the resource value rise. Rent rise of the resource value increase is wealth accumulation. Wealth accumulation analysis from interest theory channel development is difficult to walk, from the rental value of the channel to promote smooth movements. "Rental value" concept has several changes that have sophisticated exhaustively. The rental value of mentioned here can be seen as a Fisher's annuity income or Friedman's fixed income (see chapter II), the interest rate discount is wealth. Time that inexplicable introduction of wealth accumulation becomes even touches. Accumulated wealth, with accumulated any article that need a warehouse! forget warehouse, wealth do not know where to put that wealth accumulation of difficulties. More than this. Warehouse is Cantonese said one altogether puts no rotten is important. Hundreds of years ago, the Netherlands appears introduction Tulip crisis famous, from the point of view presented here Cheap Ugg Boots is wealth accumulation of warehouse rupture. Then there's the market of rare species of tulip bulbs of price speculation into heaven, you can look up for wealth accumulation, followed by the whole nation of people fighting over at home after the Park trying to cultivate, rare, this warehouse rupture. There are no intact and never may break wealth accumulation in the warehouse. However, if the economy has not accumulated wealth of the warehouse, it is not possible.
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