Page 127 - DECO402_MACROECONOMIC_THEORY_HINDI

bdkbZµ12% eqnzk dh ek¡x % eqnzk dk ifjek.k fl¼kar

6- osQoy iw.kZ jkstxkj dh fLFkfr esa ykxw gksrk gS (Applicable only in Case of Full Employment)µeqnzk uksV
dk ifjek.k fl¼kar osQoy iw.kZ jkstxkj dh fLFkfr esa ykxw gksrk gSA ¯drq osQU”k osQ vuqlkj] vFkZO;oLFkk,¡ viw.kZ
jkstxkj dh fLFkfr esa Hkh gks ldrh gSaA ,slh vFkZO;oLFkkvksa esa eqnzk dh ek=kk esa o`f¼ gksus ij mRiknu esa u fd
dherksa esa o`f¼ gksrh gSA
7- O;kikj pØksa dh O;k[;k djus esa vliQy (It Fails to Explain Trade Cycles)µØkmFkj osQ vuqlkj]
¶ifjek.k fl¼kar vfèkd ls vfèkd O;kikj pØksa osQ dkj.kksa dk viw.kZ ekxZn'kZd gSA¸ (The quantity
theory is at best an imperfect guide to the cause of trade cycle.–Crowther) bl fl¼kar ls ;g Kkr ugha
gksrk fd eanh osQ fnuksa esa eqnzk dh ek=kk dks c<+kus ij Hkh dher D;ksa ugha c<+rh gS vkSj rsth osQ fnuksa esa fcuk
eqnzk dh ek=kk esa o`f¼ fd, dherssa D;ksa c<+ tkrh gSa\ bldk okLrfod dkj.k ;g gS fd eanh osQ fnuksa esa eqnzk
dh pyu xfr de gks tkrh gS rFkk rsth dh fLFkfr esa ;g c<+ tkrh gSA ¯drq ;g fl¼kar rks eqnzk dh pyu
xfr dks fLFkj eku ysrk gSA okLro esa eqnzk dh pyu xfr esa ifjorZu gksrk jgrk gSA
8- vlaxr (Inconsistent)µgkWe (Halm) osQ vuqlkj eqnzk dk ifjek.k fl¼kar vlaxr gSA blesa eqnzk dh ek=kk
ftldk lacaèk le; ¯cnq ls gS vFkkZr~ tks ,d LVkWd (Stock) ;k vxR;kRed èkkj.kk gS dks pyu xfr ftldk
lacaèk le; vofèk ls gS vFkkZr~ tks ,d izokg ;k xR;kRed èkkj.kk gS ls xq.kk djosQ eqnzk dh ek=kk dks Kkr djus
dk iz;Ru fd;k x;k gSA ,slk rduhdh n`f"V ls vlaxr (Technically Inconsistent) gSA

9- C;kt dh nj osQ izHkko dh vogsyuk (It Ignores the Effect of Rate of Interest)µ;g fl¼kar
dherksa ij C;kt dh nj osQ izHkko dh vogsyuk djrk gSA ykMZ osQ”k] gkVªs rFkk izks- gk;d vkfn osQ vuqlkj
bl fl¼kar dh ;g èkkj.kk xyr gS fd eqnzk dh ek=kk rFkk dher Lrj esa izR;{k lacaèk gksrk gSA okLro esa eqnzk
dh ek=kk esa gksus okyk ifjroZu C;kt dh nj dks izHkkfor djrk gS rFkk C;kt dh nj esa gksus okyk ifjorZu dher
Lrj esa ifjorZu mRiUu djrk gSA vr% eqnzk dh ek=kk rFkk dher Lrj esa ijks{k u fd izR;{k lacaèk ik;k tkrk
gSµ

eqnzk dh ek=kk C;kt dh nj esa fuos'k dh ek=kk vk; rFkk jkstxkj mRiknu dh dherksa esa
® ® ® ® ®
esa ifjorZu ifjorZu esa ifjorZu esa ifjorZu ykxr esa ifjroZu ifjorZu

Jherh tkWu jksfcUlu osQ vuqlkj] ¶eqnzk dh ek=kk esa gksus okys ifjorZuksa dk cgqr vfèkd egÙo gSA mudk
egÙo C;kt dh nj ij muosQ iM+us okys izHkko ij fuHkZj djrk gSA ¯drq eqnzk dk fl¼kar] tks C;kt dh
nj dk o.kZu ugha djrk] eqnzk dk fl¼kar dgykus osQ ;ksX; ugha gSA¸ (Changes in the quantity of
money are of great significance. Their importance lies in their effect on the rate of interest. But a
theory of money that makes no mention of rate of interest is not worthy of being called money
theory.–Mrs. Joan Robinson)A
10- pyu xfr dks ekiuk dfBu gS (Difficult to Measure Velocity)µfiQ'kj osQ lehdj.k esa eqnzk dh
pyu xfr dks ekiuk vR;ar dfBu gSA eqnzk dh ,d bdkbZ ,d fuf'pr le; esa fdrus gkFkksa esa tkrh gS bldh
x.kuk djuk laHko ugha gSA blosQ vfrfjDr eqnzk dh oqQy ek=kk tkuus osQ fy, futh dks"kksa esa lafpr eqnzk dk
tkuuk vko';d gSA Hkkjr tSls ns'k esa dkyk èku (Black Money) Hkh pyu esa ik;k tkrk gSA ,slh eqnzk dh oqQy
ek=kk vkSj bldh pyu xfr dks ekiuk dfBu gSA blosQ vfrfjDr vYidky esa pyu xfr dks fLFkj ekuk tk
ldrk gS ¯drq nh?kZdky esa blesa ifjorZu vo'; gksrk gSA
11- vekSfnzd rÙoksa osQ izHkko dh vogsyuk (It Ignores the Effect of Non-Monetary Factors)µ;g
fl¼kar dher Lrj ij vekSfnzd rÙoksa osQ izHkko dh vogsyuk djrk gSA dher Lrj dks osQoy eqnzk dh ek=kk

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