Views of classical school of political economy on the interconnection between the proccesses of accumulation and consumption

Anna Myza
Post-graduate student, Department of the Economic Theory, Odessa National Economic University, e-mail:Avita18@yandex.ru

Ekaterina Lesnevskaya
Seniour lecturer of Foreign Languages Department, Odessa National Economic University, е-mail:katlev@ukr.net

Cite this article:

Myza, А., Lesnevskaya, Е. (2015). Views of classical school of political economy on the interconnection between the proccesses of accumulation and consumption. Ed.: M. Zveryakov (ed.-in-ch.) and others, Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 4, No. 59, pp. 113-117.

Abstract

The article analyzes the views on interconnection between the processes of the capital accumulation and consumption submitted in the works of the most famous classical school of political economy representatives. Capital accumulation historical retrospect studying is very important for the modern economic situation in Ukraine. It might helps to improve the structure of domestic production through the seeking of the best forms of capital accumulation. Researching the formation of capital accumulation theory in its connection with consumption processes will allow understanding the main cause of the scientific problem and finding its optimal solution.

Keywords

capital accumulation; consumption; transferred value; national income; expanded reproduction.

JEL classification: P00

UD classification: 330

References

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3. Ricardo, D. (1955), On the Principles of Political Economy and Taxation, Gospolitizdat, Moscow, available at: http://ek-lit.narod.ru/ric021.htm (rus)
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