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Ho "MeHHO 3TO MHoro05pa3"e " pa3HocTopoHHee 6or8TcTBo 4enoBe48cKoVl IlV1YHOCn1 14 He n03BoIlHtOT 3KO- HOMV1Y8CK0I71 H8YK8 npL-1 T80p8TV1Y8CKOM aH8Il\.138 X03HVlCTB8HH0L4 >K1f13HVI onV1- paTbC" Ha 05pa3bl KOHKpeTHblX IlfOAe" - CIl"WKOM CIlO>KHbIM", npomBope- l.JH8bIM\.1 L-1 38nYT8HHbIM\.1 OKa3bJB81OTCH II\X Illr1YHOCTHbl8 xap8KT8p\.1CTII\KII1. n03TOMY MOA8Ilb «Y8IlOB8Ka 3KOHOMH4eCKoro», HIlL-1 «homo economicus», 0 KOTOpO peYb nOA8T Aan8e, OTIlL-1l.J8eTCH onp8AeIleHHoVl 0,0.- HOCTOpOHHOCTblO, nocKoIlbKY 48nOBeK - He TOIlbKO «Y8IlOBeK 3KOHOMII148CKVI»), peaIl"3Y fO ll1"" ce5R "CKIlf04"TeIlbHO B npO'1eCce X03""CTBeHHO" >K"3H". CYll1 e - cTByeT MHO>KeCTBO APyr"x 05IlaCTe >K"3HeAe"TeIlbHOCT" (nOIl"T"Ka, KYIlbTYPS, peIl"r"R, cnOpT, ceMe"Hble " APyr"e Me>KIl"4HOCTHble OTHOWeH"" " np.), B KO- TOpblX HaXOA"T CBoe npORBIleH"e 4eIlOBeK. CIleAyeT np"3HaTb cnpaBeAIl"Bbl- MVI c.nOBa 0 TOM, YTO «npL-1roAHoCTb nlo60171 IlOrL-14eCK0L4 MO,Q8IlL-1 AIlH 06bHC- H8HV1ft Y8IlOB848CKoro nOBeAeHL-1ft BeCbMa OrpaHL-1Y8H8».1 OAHaKO 3KOHOML-1- 4eCKaR Ae"TeIlbHOcTb IlfOAe" - CYll1eCTBeHHa" xspaKTep"CT"Ka peaIl"3a'1"" Y8IlOB8l.J8CK0I71 IlHl.JHOCT\.1, YCIlOBlt1e, OCHOB8 11\ np8,QnOCblIlKa BC8X !.1HbIX CTO- pOH >KV13HH K8K OT,o,8JlbHOro Y8IlOB8Ka, T8K \.1 06W,8CTB8 B 1.\8nOM. Oc050 cIleAyeT nOA4epKHYTb TO, 4TO np" pa3pa50TKe " "cnOIlb30BaH"" MO,Q8JlL-1 «3KOHOMIt1Y8CKOro l.JeIlOBeKa» \.1 S8 pa3HOBvtAHOCTelil H8e03MO>KHO He Y4HTbl- BaTb orpOMHYfO pOIlb B MOT"Ba'1"" 3KOHO- MV148CKOVI AeHTeIlbHOCTII1 nCV1XOIlOrll\l.J8CKII\X cpaKTOpOB. BeAb HeAapOM MHOr"e, eCIl" He BC8, TeOpeTV1KII\ npOWIloro VI HaCTOHLl.\ero 18 1 6blOKeHeH ,1],)1(., TannOK r. PaCyeT comacltIs:!. CepVlf'l «Jlaype- aTbl H06en8aCKOVI npeM!o1!o1 no 3KO- HOM!o1Ke}). M., 1997. C. 75. LlenoseK s Mupe 3KOHOMUKU np" 05b"CHeH"" 3KOHOM"4ecKoro nOBeAeH"" IlfOAe" Onep"pYfOT TaK"M" no- HflTV1HML-1, KaK «CKIlOHHOCTb», «npe,QnOYT8H\.1e», «O>K\.1,Q8H\.1S», «H8M8peHL-18»  T. A. TaK, Hanp"Mep, B POCC"" CKIlaAbIBaBwa"C" BeKaM" KOIlIleKmB"CTC- KSR " naTepHaIl"CTCKa" (aT IlaT. pster - OTe'1) nC"XOIlOr"" OKa3aIlaCb cy- llIeCTBeHHO" nperpaAO" np" nepeXOAe OT KOMaHAHO" K pbIH04HO" C"CTeMe, nC"XOIlOr"4eCKO" OCHOBO" KOTOpO" C He05xOA"MOCTbfO "BIl"eTC" PS3YMHbl" HA"B"AyaIlH3M. CIleAyeT OTMemTb, 4TO 3KOHOM"4eCKa" TeOp"R paCCMaTp"BSeT MOAeIlb 4eIlOBeKa KaK "HCTpYMeHT "CCIleAOBaH"", "Il" onpeAeIleHHYfO meopemu- 4eCKYlO npeiJnocblnKy. II1MeHHO HS ee OCHOBe 3KOHOM"CTbl-TeOpeT"K" CTpO- AT CBO" MHoro4"CIleHHble TeOp"" cnpoca, npeAIlO>KeH"", KOHKyp eH '1"", np"5bIIl", nOBeAeH"" nOTpe5"TeIle" " Ap. CpeA" MHOr04"CIleHHbIX HanpaBIleH"" «MOAeIl"pOBaH""» 4enOBeKa YC- J10BHO MO>KHO BbIAeIl"Tb TP". Pa3IlH4"" Me>KAY H"M" onpeAeIl"fOTCR, BO- nepBblX, CTeneHbfO a5CTpar"pOBaH"" OT MHoro05pa3"" Il"4HOCTHbIX xapaK- TepVlCTVlK Y8IlOB8K8 1t1, BO-BTOPbIX, YY8TOM 3KOHOMHY8CKOCi, nOIlL-1Tl1l.JeCKOIll L-1 nC"XOIlOr"4eCKO" 05CTaHOBK", B paMKax KOTOpO" oCYll1eCTBIl"eTCR AeRTeIlb- HOCTb IlfOAe". nepBoe HsnpaBIleHHe npeACTaBIleHo SHrn""CKO" KIlaCC"4eCKO" WKO- IlQ", Map>K"HaIl"3MOM " HeOKIlaCC"KaM" (CM. rn. 2, 9 3 - KpaTK"" 0530p oc- HOBHblX WKOIl B 3KOHOM"4eCKO" TeOp""). Bo rnaBY yrna MOAeIle", Bblpa50- TaHHblX B paMK8x 3Toro H8np8BIl8HII1H, CT8BV1TCH 3roV1CTV148CKL-1I11, npe)\{A8 Bcero, AeHe>KHbl" "HTepeC, "BIlRfOll1""C" rnaBHblM MOT"BOM Ae"TeIlbHOCT" «3KOHOMV148CKOro YeIlOBeK8». MOAel1b «homo economicus» - Ha\.16onee "3BeCTHa" "3 paCCMaTp"BaeMbiX MOAeIle". B COOTBeTCTB"" C 3TO" Teope- T4eCKO" KOHCTpYK'1"e" HHAHBHA BeAeT ce5R TaK, 4T05bl MSKCHMH3H- pOBaTb n0l1e3HOCTb 1 B paMKax onpeAel1eHHblX OrpaHVlYeHHH, OCHOS- HblM H3 KOTOpblX RBIl"eTC" ero AeHe>KHbIH AOXOA. Pa3pa50TaHHa" eLl\e B XVII! B., 3Ta KOH'1en'1"" AO>K"Ila AO HaW"X AHe", " e" OTBOA"TC" n04eTHoe MeCTO B Ilf060M Y4e5H"Ke no 3KOHOM"4eCKO" TeOp"". Ba>KHO 38MeTL-1Tb, 4TO «homo eco- nomlcus» - 3TO pa'1"OHSIlbHbl" "HA"B"AY- YM. OH 05IlaAaeT TaK"M ypoBHeM "HTeIl- neKTa, "HCPOpM"pOBaHHOCT" " KOMneTeHT- HOCTV1, KOTOpblVl B COCTOHHL-11t1 o6eCn84L-1Tb peaIl3a'1"fO ero '1eIle" B YCIlOB""X CBO- 60AHO", "Il" cOBepweHHo" KOHKypeH'1"" (noAP05Hee a cOBepweHHo" KOHKypeH'1"" CM. rIl. 5, 6). 3KOHOM"4eCKa" C"CTeMa, B KOTOpO Ae"cTByeT TaKo" 4eIlOBeK, BbICTY- naeT K8K npOCT8f1 cOBoKynHocTb X03f1I11CTBY- fOl11x cy5be'ToB, " H"4eM He Ae- CPOPM"pOBaHHa" pblH04Ha" CTpYKTypa He 2" 1 B 3KOHOMItIyeCK0ll1 TeOp!o1!o1 TepMItIH none3HOCTb s:!BIlfleTCfI C!o1- HOHItIMOM TaK!o1X nOHs:!T!o1I11, KaK YAOB- IleTBOpeH!o1e, 6narocOCTOflH!o1e, cya- CTbe !01 T. n. none3HOCTb C TOYKItI 3peH!o1f1 3KOHOM!o1CTa BOBce He 03- HayaeT 06blAeHHoro nOH!o1MaHItIs:! 3TOro CIlOBa, BpOAe ({nOIle3Hblll1 Ans:! 3AOPOBbfl». Mbl ee Heo- AHOKpaTHO 6YAeM BCrpeyaTbCfI C 3T!o1M repM!o1HOM Ha CrpaH!o1l\aX y>-Ie6HItIKa. 19 
inasa 1 \.1CnbITbIB88T HV1K8KOro B03A8V1CTBV1H 1113BHe (H8npV1Mep, co CTOpOHbl roCYA8P- CTB8), KpOMe T8KOra, KOTOp08 068CneY\.1B8eT c06mO,o,eHL-1e «np8BL-1Il L-1rpbl» BC8- M" 4IleHaM" 051l1eCTBa. rOCYAapCTBY B 3TO" CTpYKType OTBOA"TC" pOIlb «H04- HOro CTOpO>K8», 06eCn8Y\.1S81OLlJ,ero BHYTpeHHlO1O 11 BH8WHIOIO 6e30n8CHOCTb rpa>KA SH " C03AafOll1ero fOp"A"4eCKOe nOIle AIl" CBo60AHOro 05MeHa 5IlaraM". AH8IlL-13 SKOHOM\IIY8CKOro nOB8AeHIo1H IlIOA8V1 B p8MK8X MOAeIl\1 «homo 8conomicus» npeAnoIl8r88T, K8K OTM8Y8IlOCb p8Hee, \.1Cn0J1b30B8HHe no- CTYIl8T8 0 pa4HOHal1bHOM nOBeAeHHH "Ie110BeKa, T. e. CTpeMl1eHHH HH- AHBHAYYMS nonY4HTb MSKcHMaIlbHbliil pe3ynbTaT npH MHHHMSIlbHblX 3STpSTSX B YCIlOBHSlX orpaHH4eHHocTH HcnoIlb3yeMbix B03MO>KHOCTeiil H pecypcoB, Pa'1"OHaIlbHbl" 4eIlOBe, B COCTOHH"" paH>K"pOBaTb (np"CBO- "Tb onpeAeIleHHbl" pe"T"Hr) CBO" npeAn04TeH"H " CTpeM"TC" K AOCT">Ke- H"fO Il"4HO" '1eIl" BHYTpeHHe HenpOT"BOpe4"BbIM cnoc050M. np" YAoBIleT- BOpeH"" CBO"X cy5beKmBHbix "HTepeCoB IlfOA" Be3Ae OKa3bIBafOTC" nepeA Heo6xOA\IIMOCTbIO Bbl6Hp8Tb aIlbTepH8TL-1BHble cnoc06bl L-1CnOIlb30B8H\.151 or- paHIII4eHHbix SKOHOML-148CK\.1X 6Il8r. ECTecTB8HHO, YTO AIlH p88Il\ll38L-1L-1 cao- ero pa'1"OHaIlbHoro nOBeAeH"" "HA"B"AYYMbl AOIl>KHbl 05IlaAaTb cB050AO" Bbl50pa. C pa3B"T"eM 4eIlOBe4eCTBa CTeneHb cB050Abi Bbl50pa 3KOHOM"- Y8CKOro nOB8A8HV151 YB8IlI.14I11BaeTcH, 4TO CB5138HO C nocT8n8HHoIII J1V1KBV1Aa- LlH8ai1 COCIlOBHbIX, KaCTOBbIX, n0J1L-1TVlY8CKIIIX, lt1,o,eoIlorH48cKVlX, np8BoBbiX V1 np04"X OrpaH"4eH"" 3TO" cB050Abi. TaK"M 05pa30M, Mbl B"A"M, 4TO KOH- '1en'1"" pa'1"OHSIlbHOCT" 4eIlOBeKa On"paeTC" Ha npeAnocblIlKY a TOM, 4TO B CB060AHOM KOHKypeHTHoM 06LlJ,8CTB8 B KOHl!e KOHLIOB BblVlrpblBaeT TOT, KTO BeAeT ce5" pa'1"OHaIlbHo, " npO"rpblBaeT TOT, KTO He np"Aep>K"BSeTC" pa- LlL-10H8IlbHOro nOBeAeHV1H. 1 IIIA8f1 0 paLlVlOH8J1bHOM 3KOHOML-148CKOM nOBeA8HV1V1 J1IOA8ai1 OY8Hb B8>K- Ha. BeAb CTpO\.-1Tb onpep,eIleHHble nporH03bl B OTHoweHHl1 Tex 1r1J1\.1 IIIHblX nocIleACTBIIIL4, H8npVlMep, rocy,o,8pCTBeHHOVl 3KOHOML-1yeCKOVl nOIll1TL-1KL-1 B03- MO>KHO TOJ1bKO TorA8, KorA8 npeAnOIlar8eTCH, 4TO 48IloseK 6YAeT B8CTL-1 ce6H 3KOHOMVlY8CKH paLlL-10H8IlbHO. «ECIl" 6bl IlfOA" B 051l1eCTBe He '1eH"Il" pa'1"OHaIlbHOCTb, a OTAaBa- Il" npeAn04TeH"e np"4YAaM, CIlY4a"HOCT"M " 5ecnOIle3HbiM Ae"CTB""M, SKOHOM\.1yeCKaH TeOpL-151 nOl.Jn1 nOTeps:ma 6bl CBOIO npe,QCK838TeJ1bHYIO CV1IlY; ...88 np8ACK838TeJ1bH8H CV1Il8 Bblwe B T8X 06Il8CTHX 06Ll.\8CTB8H- HOaii >KL-13HV1, r,Qe peweHVlH np\1HL-1MaIOTC51 50Ilee 05AYMaHHO».' np" 3TOM np"H"TO pa3Il"4STb nOIlHYlO, orpaHH4eHHYIO H oprSHH4eCKYIO pal.\HO- Hal1bHOCTb 3KOHOMHl.JeCKoro nOB8A8HVl51. AMep"KaHCK"" 3KOHOM"CT OIl"Bep Y"Ilb- "MCOH npeAIlaraeT KIlaCC"cp"'1"pOBaTb 3T" p83HOBVIAHOCTVI p8L1!.10H8IlbHOCTV1 K8K, COOT- B8TCTB8HHO, ee cunbHYJO, nonycunbHYJO H cna6ylO cpOpMb!. 3 20 1 HOpT J],. VlHCH1TYTbl, Hcn1TY- u,OHanbHble 3MeHeH1t151 III CPYHK U,OHpOBaHllle 3I<OHOMIIIK. M., 1997. C. 37. 2 XeVlHe n. 3KOHOMIII48CKVlIII 06- pa3 Mb!WneHII1S1.. M., 1991. C. 444. 3 YlllnbSl.MCOH Q. 3KOHOMlI1yec. Ke IIIHCTTYTbl KanlllTaml3Ma. Cn6. DeH"3AaT. 1996. C. 93. l../ef/oaeK a Mupe 3KOHOMUKU  nOIlHS" pa'1HOHaIlbHocTb, KS' TeOpeT"4eCKOe AonYll1eH"e, npeAnoIla- raer, YTO Y8IlOBeK H8\.1IlYYW!.1M L-13 B03MO>KHbIX 06pa30M V1CnOIlb3Y8T BCIO "MefOl11YfOC" "HcpopMa'1"fO " AOCT"raeT Ha"Bblcwero pa3pblBa Me>KAY AocmrHYTblM" pe3YIlbTaTaM" " npO"3BeAeHHbIM" 3aTpaTaM" (MaKC"MYM BI>IrOAbl np" M"H"MYMe 3aTpaT). On"CaHHbl" Bblwe «4eIlOBeK 3KOHOM"4eC- K""» COOTBeTcTByeT "MeHHO npeAnOCblIlKe a nOIlHo" pS'1"OHaIlbHOCT", "Il", KaK Bblp8>KaIOTC51 3KOHOM\IICTbl, cTporoill cpOpM8 p8L1L-10H8J1bHOCTL-1. fvmoTe38 0 nOIlHO" pa'1"OHaIlbHOCT", KaK Mbl B"A"M, OCHOBaHa Ha 04eHb CHIlbHblX Aony- llIeH"RX a5CTpaKTHoro xapaKTepa. n03TOMY B 3KOHOM"4eCKO" HaYKe C cepe- AHbl 1950-x rr. CTaIl" pa3pa5aTbiBaTbCH " "Hble nOBeAeH4eCK"e r"nOTe3bl. TSK, orpaHH4eHHS" pS'1HOHSIlbHOCTb, T. e. nOIlYC"IlbHaH cpopMa pa- '1OHaIlbHOCT", (KOH'1en'1"" pa3ps50TaHa aMep"KaHCK"M 3KOHOM"CTOM, Ila- ypeaToM H06eIleBCKo" npeM"" no 3KOHOM"Ke rep5epTOM Ca"MOHOM) OTpa- >KaeT HeB03MO>KHOCTb nplr1 nplo1HflT\IIL-1 X03HailcTBeHHbiX P8W8HVlVI L-1CnOIlb30- BaTb BCfO nOIlHOTY "MefOl11e"c" "HCPOpMa'1"" "3-3a TPYAHOCTe" B ee c60pe L<t aHaIlVl38, a T810Ke OrpaHL-1yeHHOCTVI n03HaB8TeIlbHbiX cnoc06HOCT8V1l.JeIlO- aaKa. 48IlOBeK - He C48TH8s:1 MaWL-1HKa, H8 KOMnbIOT8p, cnoc06Hbiail 06pa6o- TSTb BCfO "MefOl11YfOC" Y Hero "HCPOpMa'1HfO. OrpSHH48HHSR PSl.\HOHSIlb- HOCTb 03Hai.JaeT J i.JTO i.Je110BeK C03HamenbHO CTpeM\IITCH K AOCTIo1>KeHHKJ HSHnY4wero BapHaHTS, HO He HMeeT npH 3TOM Bceiil nOIlHOTbl HH,*,OP- MSl.\HH. Apyr"M" CIlOBaM", XOT" IlfOA" " BeAYT ce5R pa'1"OHaIlbHO, "X cno- C05HOCTb nOIlY4aTb " 06pa5aTbiBaTb "HcpopMa'1"fO OrpaH"4eHa BbI4HCIl"- TeIlbHbIML-1 cnoc06HOCTHML-1 48IlOBeK8. B AaHHOM CJ1yyae p8WeH\.1H npL-1H\IIMa- toTCH OTY8CTH Ha OCHOB8 onblT8, \.1HTYL-1l!\.1\.1 H np., 8 YHCTblaii Bbllr1rpblW (T. 8. pa3H"'1a Me>KAY 051l1"M" BbrrOAaM" " 051l1"M" "3Aep>KKSM" np"H"TOrO pe- WeH"H) np" 3TOM MeHbwe. B YCIlOBIt1HX OrpaHL-1yeHHOVl p8L1HOHaJ1bHOCTIll yeJ10B8K Y>Ke He M8KCIo1ML-1- 3HpyeT none3HOCTb (AOXOA, 50raTcTBo, HaCIla>KAeH"e), a TOIlbKO Il"Wb 3a- H"MaeTC" nO"CKOM nepBoro AocTynHoro eMY ypOBH" YAOBIleTBOpeH"". 3Aecb caMS npoL<eoypa nOUCKa YAoBIleTBOp"TeIlbHoro pe3YIlbTaTa OKS3bIBa- eTCR B Ll8HTpe BHL-1M8HL-1s:1 npL-1 HCCIl8AOB8HHIII 3KOHOMV148CKOro nOB8AeHV1H. TaK, npOAa>Ka TOBapa no 50Ilee H"3KO", 4eM Y KOHKypeHTa, '1eHe MO>KeT " He np"BeCT" K POCTY 061l1ero 05beMa npOAa>K, oc05eHHO TaK"X TOBapOB, AOIlR !OTOPbIX B 051l1"X nOTpe5"TeIlbCK"X paCXOAax HeB"Il"Ka (Hanp"Mep, HOBbl CT"paIlbHbl" nopOWOK «Aoc"», 3y5Ha" naCTa HOBO" MapK" " np.). Ka3anOCb 6bl, 3TO npOTL-1BOpeYHT nOB8A8H!.11O «48IlOBeK8 SKOHOML-1Y8CKOro»' nOKynaTb 60IlbW8 TOBapOB, KorAa L-1X l!8H8 CHL-1)\{8eTCH. Ho B8Ab MbJ B8A8 paaroBOp 05 OrpaH"4eHHO" pS'1"OHaIlbHOCT". nOBceAHeBHbl" onblT Ha OC- HOBe KOTOpOro Ae"CTBYfOT nOTpe6"TeIl", nOACKS3bIBSeT"M 4TO 50ee A e- we ' Bbte TOBapbl nOBceAHeBHora cnpOC8 OTIlVlY81OTCfI L-1 60Il88 HVl3KL-1M Kaye- CTBOM. On"CaHHa" C"Tya'1"" B03MO>KHa "MeHHO B TOM CIl Y 4ae Kor A a TOBa- Pb' M ' ao 3HaKOMbi nOTpe5"TeIlfO, nOKynaTeIlb He pacnOIlsraeT nOIlHO" "HCPOp- Mau.e\ll 0 HIIIX, a AOCTL-1>K8HIII8 BceVl nOIlHOTbJ 3H8HVlL4 0 HOBblX TOB8pax Conps:1- 21 
inasa 1 >KeHO C 4P83BblyaVlHO BbICOK\tIMV1, J.1Il\tl K8K roBOPSH_ 3KOHOM\tICTbl, 38np8THT8Ilb- HbIM" 3aTpaTaM". «OrpaH"4eHHO pa'1"OaIlbHbl"» cy5beKT YAOBIl8TBOP"T- C" npe>KH"M" 05beMaM" nOKynoK 3y5HO" naCTbl "Il" CT"paIlbHoro nopow- K8 H8>K8Il\tl 6YA8T Tp8TL-1Tb BpeMH L-1 YC\tlIlL-1H Ha BblflCH8HIt1e BCeX OC06eHHO- CTIII nOTpe6V1T8IlbCK\tIX K8yeCTB HOBblX TOB8pOB C 60Il88 H\tI3K\tIM\tI l!8HaM\tI. B cIlyyae oprSHH4eCKO" pa'1HOHabHOCTH, T. e. 8e cIla50" cpOpMbl (Ha"50Ilee B"AHble np8ACTaB"TeIl" 3TO" KOH'1en'1"" - SMep"KaHCK"e 3KO- HOM"CTbl A. AIl4"aH, P. HeIlbCOH, C. Y"HT8P, aBCTp""CK"" 3KOHOM"CT <t>. Xa"eK) oc050e BH"MaH"e YAeIl"eTC" C05IlfOA8H"fO cpOpMaIlbHblX " He- cpOpMaIlbHblX npaB"Il nOB8AeH"", KOTOpblM cIleAyeT 4eIlOBeK. Pa'1"OHaIlb- HOCTb Bbl50pa MO>KeT 5blTb OrpaH"4eHa Il"50 fOp"AH4eCK"M" 3anpeTaM" «<nO rS30HaM He XOA"Tb!»), Il"50 TpaAH'1"RM" - Bbl5paCblBSTb OKYPK" "3 SBTOM05"Il" Ha OCTSHOBKe Y CBeTocpopa B '1"B"Il"30BaHHbIX CTpaHax He np\tlHHTO, a HHorAa L-1 H8K83yeMO. rVJnOT83a Opr8H\tI4eCKO p8l!\tIOHaIlbHOCTL-1 np8AnOIlarseT, 4TO B3a"MOAe"CTB"e IlfOAe" pa'1"OHaIl"3"pyeTc" cpopMaIlb- HbIM" " HecpopMaIlbHbIM", Hanp"Mep, MopaIlbHblM" npSB"naM" nOBeAeH"", CIlO>KL-1BWL-1MIt1CH 3BOIlIOl..\1t10HHbIM nYTeM \tIHCTL-1TYT8MIt1 yeIlOBeyeCKOrO 068- CTBa. Y>Ke '1"T"pOBaBW""C paHee Xa"eK nOA4epK"BaIl, 4TO «...MopaIlbHble HOpMbl " TPSAH'1"", a H8 "HT8IlIleKT " paC4eTIl"Bbl" pa3YM n03BOIl"Il" IlfO- AM nOAH"TbC" HaA ypOBHeM A"Kape,,>),' nfOA" nOA CTpSXOM B03MO>KHOrO HaKa3aH" "Il" 051l1eCTBeHHoro OCY>KAeH"" nocTynafOT pa'1"OHaIlbHO Aa>Ke B TOM cIlyyae, KorA8 OH\tI L-1 H8 CTpeMHTCH C03HaTenbHO p a l..\\tIOHaIl\.13\t1pOB8Tb CB08 nOB8A8H\tI8. 2 IIITaK, On\tlC8HH8f1 BblW8 MOA8Ilb «3KOHOML-1Y8CKOra Y8IlOB8K8» B ee KIl8C- C\tIl.J8CKOM Bap\tlaHT8 npeAnOIlar8eT P81\L-10H8nbHO MbICIlfl8ro, T. 8. M8KCL-1- M"3"pYfOll1 erO CBO" BblroAbl " M"H"M"3"PYf01l18ro 3aTpaTbi 3ro"CTS, CB050A- HOro B Bbl50pe nOCT8BIl8HHbIX '1eIle" " cnoc050B "X AOCm>KeH"" " 05IlS- AafOll1erO Bce" nOIlHoTof! "HCPOP Ma '1"". «48IlOB8K 3KOHOML-1Y8CKL-1}) - 3TO «p 8 1.\L-10- H8J1bHbIL4 M8KC\tIML-138TOP». \!1H8ye roBOpH, B 3TO MOA8IlL-1 L-1CnOIlb3Y8TCH np8AnOCblIlK8 0 nOIlHOVl pal\\tIOH8IlbHOCT\.1, 4TO \.1 CAeIl8IlO ee 06beKTOM KP"T"K" CO CTOpOHbl p"Aa Y4eHbIX. r. Ca"MOH "pOH"4eCK" 3aMe4aIl: «...8ro pa'1"OHSIlbHOCTb (T. 8. TpaA"'1"OH- Horo «homo 8conomicus» - npL-1M. 8BT.) npOCT"paeTC" TaK AaIleKo, 4TO pacnpocT- p8HH8TCH 111 H8 cn8IlbHIO: K8K nOIlar88T r8p- P" 5eKK8p, «OH 5YAeT H04bfO 4"TaTb B no- CT8JlVl TOIlbKO npL-1 YCIlOBIr1\t1, eCIlVI U,8HHOCTb ero 4TeH"" (c ero T04K" 3peH"") npeBblwa- 8T l..\8HHOCTb H8,Qocbln8HL-1f1 era >K8Hbl».3 AH8IlL-13 3KOHOMVlY8CKOro nOBeA8HL-1H 22 1 XalileK $. n8ry6HaSl caMOH8- AeSlHHOCTb, C. 53. 2 CM. nOAP06Hee 06 opraHVI- 4ecKoIiI paVloHaIlbHocTVI: YVlIlbM- COH o. 3KoHoMVl4ecKVle VlHCTVlTYTbl K8nVlTanVl3Ma. Cn6. J1eHIo13A8T. 1996. C. 96. 3 C81i1MOH r. Pal\1010H8IlbHOCTb K8K npOl.\eCC 101 npOAYKT Mblwne- H"". THESIS. M., 1993, T. 1, Bbln. 3. C. 17. r. 5eKKep - 8Meplo1- KaHcKLilVI 3KOHOMIo1C IlaypeaT Ho- 6eIleBcKoVl npeMIo1V1 no 3KOHOMVlKe, pe4b 0 KOTOpOM nOVlAeT B KOHl.\e HacToSlLl\elil rn8Bb1. L/enOBeK s Mupe 3KOHOMUKU eIlOB8K8 3aTPYAHH8TCH L-1 H83KOHOM\tI48CKHM KOMnOH8HTOM B MOT\tIBal\H\.1 ero Ae"TeIlbHOCT" (aIlbTPY"3MOM, peIl"r"03HbIM" YCT8HOBKaM" " AP.), T. 8. KOMnOHeHTOM, YAeIlbHbl" B8C KOTOpOro YBeIl"4"BaeTC" C PS3B"T"eM 4eIlO- Be4ecKoro 06Ll.\8CTB8. COBepW8HCTBOB8H\tI8 MOA8Il\tl «homo 8conomicus» np8AnoIlaraIlo Y4eT HenoIlHo" "HCPOpM"pOBaHHOCT" 3KOHOM"4eCK"X areH- TOB, p8BHO K8K 14 Orp8HHyeHHH, HaKIlaAblBa8Mbl8 Ha VlX nOSeA8HL-18 IOPHA\.1- 4eCK"M" " MopaIlbHblM" HOpMaM". MOAeIl"pOBaH"8 4eIlOBeKa BO BTOpO" nOIlOB"He XX BeKa Bce 50Ilbwe On"paIlOCb Ha AonYll1eH"e 05 OrpaH"4eH- HO" " OpraH"4eCKO" pa'1"OHaIlbHocm. BTopoe HsnpSBIleHHe np"cYll1e Ke"HC"aHCKO" WKOIl8, "HCmTY'1"OHa- Il"3MY, "CTOp"4eCKO" WKOIle. MOAeIlH 4eIlOBeKa, Bblpa50TaHHbie B paMKax 3Toro HanpaBIleH"R, npeAcTsBIlRfOTC" 50Ilee CnO>KHbIM" " OCHOBSHbl Ha Y>Ke "3BecTHo" HSM r"nOTe3e OrpaH"4eHHO" pa'1"OHaIlbHOCT". OA"H "3 npeACTS- B"Tene" HeO"HCT"TY'1"OHSIl"3Ma, aMep"KaHCK"" 3KOHOM"CT Ayrnac HOpT n"- caJ1, TO «48IlOB8yeCK08 nOB8A8H\.1e roP83AO CIlO>KHee Taro, KOTOpbl8 onVlCbl- BSfOT 3KOHOM"CTbl B CBO"X MOAeIl"X, On"pafOll1"XC" Ha CPYHK'1"fO "HA"B"AY- aIlbHO" nOIl83HOCT". Bo MHOr"X CIlY4S"X cIleAyeT roBOP"Tb He TOIlbKO 0 MaKC"M"3a'1"" Il"4HO" BbIlOAbl, HO " 05 aIlbTpY"3M8 " caMOOrpaH"4eH"", KOTopble paA"KaIlbHO BIl""fOT Ha pe3YIlbTaTbi Bbl50pa "HA"B"AS».' B 48CTHOCTIt1, CTHMYIlbl BKJllOyalOT B ce6f1 H8 TOIlbKO CTp8MJ18H\tI8 K M8- Tep"aIlbHbIM, AeHe>KHbIM 5IlaraM, HO " onpeAeIleHHbl8 3IleMeHTbi nC"XOIlO- r"4ecKoro xapaKTepa - c05IlfOAeH"e TpaA"'1"", np"BbI4K", co05pa>KeH"" npecm>Ka, >K8IlSH"e HaCIla>KAaTbC" >K"3HbfO " AP. 3aTPYAH8HO B paCCMaT- p"BSeMO" MOAeIl" " AOCT">KeH"e nOCTaBIleHHblX '1eIle". np"4"HaM" 3A8Cb "BIlRfOTC" Bce Ta >Ke HenOIlHOTa "HcpopMa'1HH X03""CTBYfOll1"X cy5beKToB, HecoBepweHcTBo "X "HTeIlIleKTa (noA KOTOpblM nOH"MafOTC" KaIlbKYIl"PYfO- LU.llle cnoc06HOCT\tI LJeIlOB8K8), cT8peoTVlnHocTb nOB8A8HL-1H B 38BIt1CHMOCn1 OT npHBbl4eK, peIl"r"03HbIX YCTaHoBoK " T. n. HecoBepWeHHa" "HcpopMa'1" BIle4eT 3a c050" B03paCTaH"e 3Ha4eH"" TaK"X cpaKTopoB, KaK O>K"ASH"", npE!,QYYBCTB"" " T. n., Ha 4TO oc050e BH"MaH"8 05pall1aIl BbIASfOll1""C" sHrn"CK"'" 3KOHOM"CT A>KOH Me"HapA Ke"HC. B 3T"X YCIlOB""X npeA- CTSBIlReTC" HeB03MO>KHbIM AOCT">K8H"e '1eIle" X03""CTBYfOll1"X cy5beK- TOB nocpeAcTBoM M8XaH"3Ma cB050AHO" KOHKypeH'1"", TeM 50Ilee, 4TO KPOMe "HA"B"AyaIlbHoro, 3AeCb B03H"KaeT 81l1e " Bblpa>KeHHbl" rpynno- BOt1 101HTep8c, CKIl8AbIB81OLl.\\tIL4CH Bcn8ACTBIt18 CTpeMIl8HVlH X03HI71CTB8HHbiX areHTOB npeo,QoIleTb Orp8HL-1yeHHOCTb «3KOHOMV1Y8CKOro 3ro\.13M8» n)'TeM caMO- opraH"3a'1"" B rpynnbl C 051l1"M" "H- TepecaM". np" 3TOM "HTepeCbl OTAeIlbHblX rpynn MoryT He TOIlbKO He COBnaAaTb, HO " npOT"BOpe4"Tb APyr APyry. B 3T"X MOAeIl"X 051l1eCTBO "MeeT 60- Ilee CIlO>KHYfO CTPYKTYPY, AIl" nOAAep>KaH"" j HopT A. V1HCTVlTYTbl, Io1Hcnny- l\VlOHaIlbHbie 1013MeHeHIo1S1 VI CPYHK- 1\t.10HVlpOB8Hlo1e 3KOHOMVlKVI. M., 1997. C. 37. 23 
inasa 1 KOTOpO" B COCTO"H"" paBHOBeC"" Tpe5yeTC" BMeWaTeIlbCTBO roCYAapCTBa B 3KOHOMV14eCKL-18 OTHOWeHV15L TpeTbe HanpaBIleHHe npeACTSBIleHO np"H'1"nHaIlbHO HOBO" pa3HOB"A- HOCTblO MOAeIlH «3KOHOM\.148CKOro 4e.nOB8K8», OTpa>K81OL.l..\eL4 COBpeMeHHble peaIlH". AIl" Hee xapaKTepHO "3MeHeH"e MOT"Ba'1"" AeRTeIlbHOCT" no cpSBHeH"fO C MOAeIlbfO «pa'1"OHaIlbHoro MaKC"M"3aTopa»: B03paCTaH"e 3H84eHV1H He CTOIlbKO MaTeplilaIlbHblX, CKOIlbKO AYXOBHblX nOTp86HocTeail Il"4HOCT" (YAOBIleTBopeHHOCTb OT caMoro npO'1ecca TpYAa, ero CO'1"aIlbHa" 3Ha4"MOCTb, CIlO>KHOCTb " AP.). HOBYfO MOAeIlb OTIl"4afOT MHoro05pa3"e " A"HaM"3M nOTpe5HOCTe", rnaBHO" "3 KOTOpblX "BIl"eTC" nOTpe5HOCTb B cB050Ae caMOBblpa>KeHHR, YCTaHOBIleH"R CBR3e" C APyr"M" IlfOAbM", CBO- 60Aa AYXOBHOro caMoonpeAeIleH"R, cB050AHoro Bbl50pa mna KYIlbTYPbl " 051l1eCTBeHHO-nOIl"T"4eCK"X B3rn"AOB. 3Ta MOAeIlb cO'1"aIlbHO-"HA"B"AY- aIlbHoro yeIlOB8K8 npep,n0J1ar8eT 06Ll.\8CTBO, oCHoBaHH08 H8 A8MOKp8TV14ec- KVlX VI nIllOp8.nVlCTVl48CKVlX Ha48n8X C pa3BVlTblMH Me>KrpynnOBbJM\.1 CB5I3HML-1 " pa3MbITbIM", He>KeCTK"M" rpaH"'1SM" Me>KAY CO'1"aIlbHbIM" 061l1HOCT"M". OCYll1eCTBIlR" CBO" Bbl50p B M"pe OrpaH"4eHHb1X pecypcoB, 4eIloBeK B J11060171 X03HI71cTB8HHOail CVlCT8Me CTp8M\.1J1Cs:I CBeCTL-1 K MVlH\.1MYMY CBOVI L-13- p,ep>KKL-1 VI AOCTVlYb MaKCL-1MYM8 B nOIlY4eHL-1L-1 BblroAbl. YHL-1B8pca.nbHoCTb :no- ro npVl H l!lt1n8 n03BOIllftIl8 Y48HbiM nplllMeHL-1Tb ero He TOIlbKO B paMK8X 3KO- HOMH48CKOVI T80pL-1V1, HO L-1 nonblTaTbCH 06bs:lCHHTb MOTL-1Bbl 48nOBe48CKVlX Ae"CTB"" B APyr"x, He3KOHOM"4eCK"X ccpepax >K"3H". BbIAafOll1""C" BKIlaA B TaKoro pop,a IftCCIleAOB8Hlfts:l BH8C COBpeMeHHblVi aMepVlKaHCKL-1V1 3KOHOMV1CT f3P" 5eKKep, IlaypeaT H05eIleBCKO" npeM"" no 3KOHOM"Ke. ' OH ASIl OP"- n1H8I1bHOe 06bHCH8HL-18 TaKIftM cnyaLlHs:lM, KaK npL-1Hs:lTL-18 peWeHHaII 0 KOIlV1- 4eCTBe >K8Il8eMbIX AeT8Ci B C8Mb8, COB8pWeHL-18 npecTynIleHa.1a11, nplr1HHTlft8 peWeH"" 0 npOAOIl>KeH"" 05pa30BaH"" " AP., rAe npOCIle>K"BaeTC" np05Ile- Ma pa'1"OHaIlbHoro Bbl50pa. IiIcnoIlb30BsHHe 3KoHoMH4ecKoro nOAxoAs K aHaIlH3Y He3KoHoMH4ecKHx CTOpOH JKH3HH IlIOAei1 nonY4"IlO Ha3BaH"e «3KOHOMH'4eCKOrO HMnepHal1H3Ma». T8KOB8 Kp8TK8H X8paKT8pVlCTHKa OCHOBHblX MOA8nelit LleJ10B8K8 B 3KOHO- M"4ecKoi1 TeOp"". Hoc"ll1"e B '1eIloM a6cTpa'THbl" xapaKTep, 3m MOAeIlH OTpa>KafOT B 05061l1eHHO" cpopMe OCHOBHble napaMeTpbl, np"cYll1"e «yeIlO- B8l.JeCKOMY cp8KTOPy» B X03HL4CTB8HHOM np0l..\8CC8. 3HaHV1e \.1X n03BOIlHeT He TOIlbKO pe8.nbHO 0l!8HIftBaTb pOIlb Y8IlOBeK8 B 3KQHOML-1Ke H8 pa3IlHYHbiX CTa- A""X pa3B"T"R '1"B"Il"3a'1"", HO " CPOpM"pOBaTb Hs"50Ilee OnT"MaIlbHble Hanp8BIl8H\.1H B 3KOHOML-148CK0Il1 nom1TL-1Ke, npOrH03lftpOB8Tb C AOCT8T04HOVI CT8neHbIO BepoHTHoCTVI nocIl8ACTBIt1H Tex L-1Il1f1 HHblX 3KOHOMV1Y8CKL-1X pewe- H"". B nocIleAYfOll1"x rnaBax 5YAeT npo- AOJ1>KeH aH8IlVl3 pOIlVl Y8.nOB8K8 K8K Ll8HTpa 3KOHOMIII48CKOLil CIilCTeMbl cOBpeM8HHoro 051l1eCTBS " MeXaH"3Ma np"H"T"R "HA"B"- AyaIlbHblx " 051l1eCTBeHHbix (KoIlIleKT"B- HbIX) peWeH"". 24 1 5eKKep r. 3KOHOMIiI"'IeCKIiIL7\ aHanlil3 iii 4enose4eCKoe noeeAe- "He. THESIS, M., 1993. T 1. Bbln. 1. C. 24-40. npeOMem U Memoo 3KOHOMUyeCKOU meopuu OCHOBHble nOHSlTIo1S1: MOT"Ba'1H" TPYAa «LleIlOB8K 3KOHOMI-14eCKI-1I7t) PaUHOH8nbH08 3KOHOMVl4eCKoe nOB8A8Hlft8 (pa'1HOHanbHbl" Bb160p) nonH851 palIIoH8nbHocTb OrpaH"4eHHa" pa'1"OHaIlbHOCTb OpraHHY8CKaH paHoHanbHocTb 3KOHOMHY8CKHL4 IIIMnepHaIlVl3M rnaBa 2, labour motivation «homo 8conomicus», economic man rational choice perfect rationality bounded rstionality organic rationality economic imperialism nPE,IJ,MET iii METO,lJ, 3KOHOMIiI4ECKOLil TEOPIiIIiI «3KOHOMU4eCKafi meopufl npeapamunaCb e L{apuu,y COL{U- anbHblX HaYK. 3mo eOUHcmeeH- HaR ompacnb COL{UanbHbIX uccne- ooeaHuiJ, no KomopoiJ npucY>Koa- emCR H06eneeCK8R npeMUfI». P06epm n. Xaun6poHHep _ 3KOHOM"4eCKa" TeOp"", nOA05HO Ilf050" APYro" HaYKe KMeeT CBOH CnelJ,L-1cpV148CKHail npeAMeT L-1CCJl8AOB8HIt1H 1!1 HcnoIlb3yeT np HaIlL-138 3Toro np8AMeT8 oco6ble npL-18Mbl !.13yyeHHH, cOBoKynHocTb KO- OpblX COCTaBIl"eT ee MeTOA. npeAMeT " MeTOA TeCHO CB"3aHbl APyr C APyroM " B cOBo'ynHOCT" onpeAeIl"fOT rpaH"'1bl TO" OTpaCIl" 3HaHI1" KOTO- PSR npeACTaBIleHa 3KOHOM"4eCKO" TeOp"e". ' i 1. npe,qMeT 3KOHOMIII'IeCKOiii Teopllllll H npeACTaBIleH"" a npeAMeTe 3KOHOM"4eCKO" TeOp"" Me- It"Cb B XOAe yrny5IleH"" 3HaH"" 0 X03""CTBeHHO" Ae"TeIlbHOCT" IlfO- 3 " no Mepe YCIlO>KHeH"R caMO" 3TO" Ae"TeIlbHOCT" (noAP05Hee 05 M roBOP"TC" B TpeTbeM napsrpacpe HaCTO"ll1e" rnaBbl). Aonroe Bpe- 25 
Inasa 2 Mfl CYL-1TanOCb, YTO np8AM8TOM HaYK HBIlHIOTCH npW.JHbl pOCTa MaTep- 8J1bHOrO 6IlaronOIlYY\I1H J1IOAeVl. HeAapOM r.n8BHblC1 TpYA B8Il\l1KOro aHr.nL-1C1- CKoro Y4eHoro AgsMa CM"Ta, ony6Il"KOBaHHbl" B 1776 roAY, HS3bIBaIlC" «V1ccIleAOBaH"e a np"poAe " np"4"HaX 60raTcTBS HapoAOB». B AaIlbHe,,- weM npeAcTaBIl8Hl1H 0 npeAMeTe 3KOHOMVlyeCKOVl T80pV1H Bce 60JlbWe H8YV1HaIOT CBH3blB8TbCfI C peAKOcTbtO (orpaHL-14eHHocTblO) \I1M81OUJ,V1XCfI B pacnOp">KeH"" IlfOAe" pecypCOB. .o.eVlCTBL-1T8J1bHO, Bce Mbl }/(L-1BeM B MVlpe OrpaHW-1eHHbIX B03MO}/(HOCT8V1 V1 peAK"X pecypCOB. 3s He50nbW"M "CKIlf04eH"eM, KOTOpbIM, CKS>KeM, "B- J1HeTCH 8TMOCcP e pHbli:1 B03AYx V1J1V1 COJlH8YHbl CBeT, Bce, YTO OKpY>Ka8T yeIlOSeKa \.1 48M OH n0J1b3yeTcH K0J1V1Y8CTB8HHO VI K848CTS8HHO orpaH\II- yeHO. Orp8H\I148HO KOIlL-1Y8CTBO npL-1rOAHbiX AJ1H npO\ll3BOACTB8 C8IlbCKO- X03HVlCTB8HH0l71 npoAYKl!VIVI 3eMenb, AocTynHblx AJ1f1 L-13SIleyeHVls:I. V1 HC- n0J1b30e8HV1H nOIle3Hb'X HCKonaeMblX, 3anaCOB CblpbH, MaT8pV18IlOB \II 3Hepr"". PeAK"M pecypCOM Bn"eTC" BpeM" - B cYTKax Bcero 24 4aca, a )\{L-13Hb yeIlOB8Ka \t13Meps:l.eTCH KOIlL-14eCTBOM J18T, oTnYUJ,8HHbIX Ka>K,QOMY L-13 Hac 50roM. CaM Y8nOBeK H8coBepweHeH, 8ro cPIt131t1yeCKHe VI HHT8IlIl8KTY- 8nbHbie B03MO}/(HOCTL-1 A8IleKo H8 6e3rp8HIt1YHbL KOHe4Ho, orpaHV1Y8HHOCTb P8CypCOB Y8CTO s:l.BnHeTCs:I. OTHOCHTeIlbHOVl, nocKoIlbKY B03HL-1KaIOT HOBbIe TeXHOIlOrlt1L-1, n03BOIls:l.lOUJ,lt1e YB8IlIt1YV1Tb np0\.13BOACTBO pa3J1L-1YHbIX 6nar, P83- pa68TbiBalOTCH p8Hee H8AocTynHbie M8CTopO>KP,eHL-1H nOIl83HblX L-1CKOn8e- MbIX, C03AafOTC" "HCPOpMa'1"OHHble C"CTeMbl, paCW"pR fO l11"e 06beM np"06- p8TaeMblX 48nOB8KOM 3H8HIt1V1. OAH8KO Bce 3TIt1 1t13MeHeHlt1s:1, YBenV14L-1B8H 05beM AOCTynHblx pecypCOB, He MorYT CAeIlaTb "X 6e3lpaH"4HbIM". HaxOA"ll1"ec" B pacnOp">KeH"" 4eIlOBeKa pecypcbl " B03MO>KHOCT" He TOIlbKO KOIl\t1yeCTBeHHO \t1 K8Y8CTS8HHO Orp8HL-1yeHbl, OHH VlM810T MHO)\{eCTBO BapV1aHTOB V1cnOIlb30e8HVlH. MeT8J1Il Mo)\{eT nplt1MeHs:l.TbCs:I. AIlH L-13roToBn8HltIs:I. KOCMV1yeCKIt1X paK8T VI 8BTOM06L-1Ile, MOpCKV1X V1 B03AYWHblX Il8V1HepOB L-1 AeTCK"X "rpyweK, TPy50npoBOAOB " 3aMKOB, TpaKTOpOB " TaHKOB. BpeM" MO)\{HO L-1CnOIlb30B8Tb AIlY! L-13YY8HVlfI 3KOHOMVlyeCK0C1 T80pH\t1 L-1J1V1 683AYMHO- ro ne)\{8HIt1s:1 Ha AV1B8H8. MHOroB8plt18HTHOCTb npV1MeHeHIt1s:1 p83IlHYHblX P8- CYPCOB onpeAen"eTC" "X np"pOAHbIM" CBO"CTBaM", a aIlbTepHaT"BHOCTb "X It1CnOIlb30B8H\IIs:I. - eUJ,8 VI OTHOC\f1TeIlbHOCi peAKOCTblO. KaTerop"" peAKOCT" pecypCOB B 3KOHOM"4eCKO" HaYKe nOH"MaeTC" KaK It1X H8AOCT8TO'-\HOCTb AIlfi AOCTL-1}/(8HV1s:1. orpoMHOro MHO>KeCTB8 pa3IlVlYHblX '1eIle" , KOTopble CTaB"T nepeA c050" IlfOA". np" 3TOM npeAnonaraeTC, 4TO nOTpe5HOCT" IlfOAe" (B "X pa3B"T""), Ile>Kall1"e B OCHOBe "X '1eIle", B np"H- '1"ne 5e3rpaH"4Hbl. HSIl"4"e 6e3lpaH"4HblX nOTpe5HOCTe" B ycnOB""X or- p8HV14eHHOCT\II B03MO>KHOCTeC1 AIls:l. V1X YAOBJ18TBOpeHVlH BcerA8 CT8B\t1IlO n8- peA IlfOAbM" np06IleMY Bbl60pa cnoc060B " nYTe" aIlbTepHaT"BHoro "C- nOJlb30BaHL-1s:1 peAKL-1X pecypcoB B cooTseTcTBV1V1 co cTen8HblO Ba}/(HOCTVI T8X l!eIle, KOTopbJe OHIt1 nepeA c060Vl CT8BHT. 26 :!.. peOMem U Memoo 3KOHOMU'IeCKOU meopuu B03Bpall1a"Cb K xapaKTep"CT"Ke npeAMeTa 3KOHOM"4eCKO" TeOp"" B8)\{HO oTMen1Tb, YTO OH H8 BKIllOya8T V13YY8HL-1e C8ML-1X P8AKL-1X P8CYPCOB K8 TaKOBblX (An" 3TOro cYl11eCTBYfOT eCTeCTBeHHble " TeXH"4eCK"e HaYK") 3KO- HOMU4ecK8_R meopuR u3Y48em 3KOHOMU4eCKoe noeeoeHue mooeu T  T8- K\II8 It1X A8It1CTBV1H, KOTopble CBs:l38Hbl C np0L-13BOACTBOM p8CnpeAJ1HeM 06M8HOM L-1 nOTpe6IleHL-1eM M8Teplt18IlbHblX \11 HeM8TepHIlbHbIX 6Il8r IIIMeH HO n03ToMY 3T8 HaYKa HBIlHeTCs:I ryMaHHTapHoH, V13YY81O8L4 38KOHM8PHO- CT\II nOBeAeH\I1s:1 4enOBeK8. Cyw,8cTsyeT MHOro P83Jllt1YHbiX onpeAeIleHL-1111 npeAMeT8 3KOHOML-1'-\ecK0Il1 TeOp"". Ha"60Ilee pacnpocTpaHeHHo" " 061l1enp"3HaHHO" B C"IlY cBoe" T04Hocm " IlaKOH"4HOCT" "BIl"eTC" CPOPMYIl"pOBKa onpeAeIleH"" npeAMe- Ta HaYK", AaHHa" SHrn""CK"M 3KOHOM"CTOM na"oHeIloM P055"HCOM: «MeHHo 4>OpMbl, KOTopble npMHHMaeT 4e110Be4eCKoe nOBe.qeHHe J Kor- AS eo5xoAHMO pacnop"AHTbCR peAKHMH pecypcsMH, COCTSBIl"eT eAH- HbU1 npe.qMeT 3KOHOMHl.JeCKOH HaYKH... 3KOHOMHl.IeCKafi HaYKa - 3TO HaYKa, H3Y4aHJI..1J.aH 4e110Be4eCKoe nOBeAeHHe C T04KH 3peHHfI COOTHO- weHHfI Me>KAY u.el1f1MH H orpaHw-leHHblMH cpeAcTBaMM, KOTopble MOryT HMeTb pa3IlH4Hoe ynoTpe5IleHHe».' B03MO>KHOCTb pa3IlH4Horo (aIlbTepHa- mBHoro) ynoTpe5IleH"" OrpaH"4eHHblx cpeACTB CTaB"T nepeA IlfOAbM" npo- 5IleMY pa'1"OHaIlbHoro Bbl60pa, 0 KOTOpOM nOAP06Hee rOBOp"IlOCb B rn 1 3KOHOM\.1_4eCK8s:1 TeOpL-1H TeCHO CBH38H8 co MHOr\t1M!.1 APyrL-1M!.1 H8YK8H: CP"IlOcoocp"e", nC"XOIlOr"e", "CTOp"e", AeMorpacp"ei1, CTaT"CT"KO" MaTe: MamKO, fOp"CnpYAeH'1"e" " AP. A>K. M. Ke"HC TaK n"CaIl 05 3TO' «Ha- CTOflUJ,V1L-1 3KOHOMIt1CT, 3H8TOK cBoero A8Il8, AOIl>K8H 6blTb H8A8Il8H P8Ho06- pa3HblM\.1 A8pOB8HL-1HMH, - B onp8A8IleHH0L4 CTeneHL-1 OH AOIl>KeH 6blTb M8- TeMaT"KOM, "CTOP"KOM, rOCYAapCTBeHHblM Ae"TeIleM CP"IlOCOCPOM OH AOJ1>KeH YM8_Tb P83MbIWJ1HTb 0 Y8CTHOCTHX B nOHHTL-1HX 6UJ,8ro It1 06p.8Tb oIleT CBoeH MbICIlV1 B OAHH8KOB0ll1 CTeneHL-1 K 86cTp8KTHOMY \11 KOHKpeTHO- rt' H AOn>KeH "3Y4aTb COBpeMeHHOCTb B CBeTe npowIloro - paA" 6YAYll1 e - rYrO: °AH8 "-lepTa ,-\eIlOBeyeCKOVl HaTypbl L-1IlIt1 C03p,aHHbIX 48nOBeKOM !.1HCTH- It1 He AOIl)\{Ha OCT8B8TbCH 38 npeAeIlaM\t1 ero BHHM8HVls:I».2 ce n T8K, 3KOHOMHyeCK8s:1 T80p\lls:l L-13yya8T AeHTeIlbHocTb IlIOAeH B npOl!8C- 61lai0I113BOACTB8, p8cnp8A8Il8HVlH, o6MeH8 It1 nOTp86Il8HVlH 3KOHOML-1'-\eCKHX peAK: YCIlOBL-1s:1X 8IlbTepH8THBHOCn1l!8Jl8L4 L-1 B03MO>KHOCTeCi L-1CnOIlb30B8H\.1H X pecypcoB. II1MeHHo n03ToMY B Kpyr e HHT8pecoB BXOAL-1T V1 nOL-1CK nYT8V1 H8H- OIlee 3cpcpeKTL-1BHoro L-1CnOIlb30B8HL-1H AK"X pecypcoB, T. e. TaKoro "X np"MeHe- , np" KOTOpOM 6YAYT nonY4eHbi MaKC"- ManbHbl H e >KeIlaeMble pe3ynbTaTbi np" M"- MaIlbHbIX 3aT p aTax C . ro 6 TOYK\.1 3peHVlH M8CWT86oB L-13y'-\aeMo- a beKTa pa3Il"4afOT ABa ypOBH" 3KOHO- 1 P066V1HC Jl. npe,QMeT 3KOHO- MI.1'-1eCKOC1 HaYKVI. THESIS M 1993.T1.Bbln.1.C.18. . ., 2 [4V1T. no: 6parVlHCKI.1C1 C. S., nes- 3Hep R A nOnVlTVI"'IeCKas:l 3KOHOMVls:I: ,QVlCKYCCVloHHble npo6neMbl, nYTI.1 o6HOBneHVls:I. M., 1991. C. 6-7. 27 
inasa 2 M\II48CKOro aH8IlL-138, KOTOpblM COOTB8TCTBYlOT ABa p83A8Ila 3KOHOMW-leCK011 TeOp\llL-1 - MHKp03KOHOMHKa H MaKp03KOHOMHKa.  MHKp03KOHOMHKa - TaKO" pa3AeIl Hswe HSYK", KOTOPbl" npeAnOIla.'aeT 8HaIlH3 3KOHOMHY8CK\IIX Aeli1cTB\.1V1 L-1HA\IIB\IIAOB, oTAenbHblX AOMaWHL-1X XOSU1CTB, CP"PM " OTpscIle". He cIlY4a"Ho np"CTaBKa «M"KpO» 03Ha4seT «MIlbl"». MaKpo3KOHoMHKa - nplt1CTaBK8 «M8KPO» 03HaY8e «60IlbW0V1» - 38H\II- M88TCH 1113yyeHV1eM 38KOHOB cpYHKL-10HHpOB8H\IIH BceV1 H8l..\\IIOH8nbHO\ll 3KO- HOMHKL-1 B eIlOM, 8 T8101<8 BXOAHlll.IIIX B Hee TaK Ha3blBa8MbiX arperaTOB - AOMaWHVlX X03HVlCTB, yaCTHoro ceKTop8, np8B\IIT8IlbCTB8HHOro ceKTopa. nOA arperaTaM" (arpempOBSHHbIM" nOKa3STeIl"M") pa3YMeeTC" COB_oKynHocTb oTAeIlbHblX 3KOHOM"4eCK"X eA"H"'1, Hanp"Mep, AOMaWH"X X03""CTB, KOTO- pble B npoeCC8 3KOHOML-14ecKoro aH8JlL-138 p8CCM8TpV1B8IOTCTI K8K OAHO l..\8- n08. np\ll 3TOM B K8yeCTBe 06beKT8 \IICCIl8AOB8HVlH Bb1cTyn81OT He TOIlbO C8M\II 8rper8Tbl, HO \II CBTl3\.1 Me>KAY H\IIM\II, B03H\IIK81Olll.\II8 B npoeCC8 X03s::1L-1- CTB8HHOVI A8T1TeIlbHOCTL-1. HeCMOTp" Ha pa3H"'1Y B MacwTa5ax 05beKTa "ccIleAOBaH"" Me>KAY ML-1KP03KOHOML-1KOVI L-1 M8KP03KOHOM\IIKOVI HeT «KL-1T8I71CKOCi CTeHbl» - H8KOTO- pble np05IleMbl, KaK, Hanp"Mep, HaIloro05IlO>KeH"e BXOA"T B Kpyr "HTepe- COB 060V1X p83A8IlOB 3KOHOML-1Y8CKOVI TeOp\ll\ll. _ ¥ npL-1 L-1cCIleAOB8H\II\II 3KOHoMIII4eCK\IIX npoeccoB L-1 s::IBIleHIr1\11 BH8 38BL-1C\II- MOCTL-1 OT TOro, B8A8TCH IlL-1 8H8Il\ll3 H8 ML-1KP03KOHOM\IIyeCKOM L-1\II M8Kp03KO- HOMVlY8CKOM YPOBHTlX, P83Il\llY81OT n03L-1TL-1BHblll1 L-1 HOpMaTL-1BHbIH aH8Il\ll3, KO- Topble npeACTaBJlHIOT, COOTB8TCTB8HHO, n03HTHBHY.o \II HOpM8THBHY.o 3KO- HOML-148CKYIO T80pllllO. P83HL-1a Me>KAY HL-1ML-1 COCTOL-1T B OTCYTCTBL-1\11 IIIIlL-1 H8- Il"4"" 0'1eH04HbIX CY>KAeH"". 3Ta pa3H"'1a 6brna 4eTKO ccpopMyn"pOBaH_a aHrn""CK"M 3KOHOM"CTOM A>KOHOM HeB"IlIlOM Ke"HcoM (OT'1 0M A>K. M. Ke"- Hca) B 8ro KHL-1r8 «npeAM8T \.1 MeTOA nOIl\llTL-1Y8CKOVl 3KOHOML-1\11»: «n03umus- HaR HaYKa...- cOBoKynHocTb C\t1CT8M8TV1yeCKItIX 3H8HL-1V1, OTHOCTlLl.\L-1XCH K TOMY, YTO 8CTb; HopMamUBHaR unu peaynRmuBHaR HaYK8... - COBOKYHOCTb C\IICT8M8TVlyeCK\IIX 3H8H\IIVI, OTHOCs:lUI,\IIXCTI K TOMY, YTO AomKHO 6bJTb». _ n03\11n1BH8T1 3KOHOMHyeCK8s::1 TeopV1T1, T8K\IIM 06P830M, \.1MeeT CB08L-1 38- A8Y8Ci 06bs::lCH8H\II8 CIl8ACTBL-1V1, BbITeK81OLl.\L-1X \113 pe8IlbHoro 1113M8HeH\IIH 06- CTOHTeIlbCTB. OHa OTB8yaeT, H8np\llMep, H8 Bonpoc: K8K L-13M8HL-1TCs:I Bem.1Y\II- H8 cnpOC8 H8 IlerKOBble 8BTOM06\t1IlVI onpeAeIl8HHOVl MapKVI nplt1 nOBblW8H\II\II '1eHbl Ha H"X Ha 10%? II1Il": 4TO 6YAeT C 06beMOM "HBeCT"'1"" B paMKax Hal...!L-10H8IlbHOCi 3KOHOM\IIKL-1 npL-1 T8Mne \IIHcpns::lL\\t1111 paBHoM 15% B MecHl...!? n03"T"BHa" 3KOHOM"4eCKa" HaYKa cB050A- H8 OT Jl\llYHOCTHblX 0l...!8HOYHbIX cY>KA e - HHH \IIccn8AOB8TeIlTI L-1, no Bblp8>K8H\II1O M. <Pp"AMeHS, «np"H'1"n"aIlbHO He3aB"C"- M8 OT K8KOiil-Il\t160 3T\IIyeCKOCi n03L-1l...!IIIV1 IIIIlV1 HOpMaT"BHbIX cY>KAeH""... Kop04e roBOp", 28 1 L\I-1T. no: q:.pVlAMeH M. MeTO- Aononr1S\ n03V1TVlBHoii1 3KOHOMI-1\.jec- KOVi HaYK\r1. THESIS. 1994. Bbln. 4. C.20. npeOMem U MemOa 3KOHOMUyeCKOU meopuu n03\11TL-1BH8H 3KOHOM!.1yeCK8H H8YK8 HBIlHeTCs:I \t1f1L-1 MO>KeT HBIlHTbCH «o6beK- n-1BHOIl1» H8YKOtl! TOYHO B TOM >Ke CMbICIle, K8K \II Il1068s:1 \113 CPL-13L-1Y8CKL-1X HaYK».1 KOH84HO, H8 np8KH1K8 nOA06H8s:1 06b8KTVlBHOCTb B nOIlHOVl Mepe H8AO- CTVI>KV1Ma, - B8,Qb 3KOHOMVl48CK8H TeOpL-1s:1 L-13Y488T OTHOWeHItfH Me)\{AY IlIOAb- MVI, 3aTp8rL-1B88T 3KOHOMHyeCK!.18 L-1HTepeCbl, 48CTO H8 COBn8A81OLl.\L-1e Y p83- JlVlYHblX IlIOAeVl, 8 TO L-1 npHMO npOTHBOnOIlO>KHbI8. .0.8 H C8MH L-1CCIl8AOB8T8- .nVl HeL-1368>KHO H8XOAs::ITCH B OnpeA8Il8HHOCi 38BL-1C\IIMOCTL-1 OT T8X HIlL-1 L-1HbIX 3T\.1Y8CKL-1X, nOIlHT!.1Y8CKHX HAP. npeACT8BIl8HVlH, L-1AeVl, B3rns::lAOB, HOCHLl.\HX OLleHOl.JHbIVi X8p8KT8p. 6YAYYL-1 C8MVI COCT8BHOH Y8CTbIO 06b8KT8 VlCCIle,QO- eaHl1H L-1 H8 p8cnOIl8r8H BceVl nOIlHOTOL4 L-1HcpOpM811L-1\.1 0 npm1CXO,QHLl.\8M B 3KOHOMIt14eCK0L4 >KV13H \II , 8H8rU1TItfK\I1 MorYT no 3n1M npL-1YHH8M npHXOA!.1Tb K pa3IlVl4Hb1M 38KIlIOY8HL-1s:1M, 4TO CBL-1A8TeIlbcTByeT 0 TOM, H8CKOIlbKO TPYAHO 6blTb 06b8KTHBHO 68CnpltfCTp8CTHbiM npL-1 \t1CCIl8AOB8HVI\II HBIl8Hltfl71 06Ll.\8- cteeHHOVl >KL-13H\t1. K8K MeTKO 38MeTL-1Il aHrIlO-8MepVlK8HCK!.1L4 cpL-1JlOCOcp H M8- TeMaT"K A. Ya"TxeA: «Ecn" 5bl TeopeMa EBKIl"Aa 3aTpar"BaIla cp"HaHCO- Bble VlIlH nOnIllTL-14eCKV18 ItfHTepeCbl, TO OH8 6blIl8 6bl np8,QM8TOM C8MbiX s:lpO- CTHblX cnopOB».2 B OTIlL-1YL-1e OT n03It1TL-1BHOVl 3KOHOMHyeCK0L4 TeOpltf!.1, OTBeY81O8171 H8 Bon- pec «4mo 6yoem, ecnu...?» H nOCTOIlbKY, C YY8TOM OroBOpOK, CAeIl8HHbiX B npeAblAYll1eM a63a'1e, npeTeHAYfOl11e" HS 05beKT"BHOCTb, HOpMaT"BHa" 3'0- HOMVlyeCK8H H8YK8 cO,Qep>KL-1T 48TKO Bblp8>K8HHb1L4 0l...!8H04HbIVl KOMnOH8HT L-1 nblTaeTCH OTBeTHTb H8 Bonpoc «4mo oomKHO 6blmb?» npV1eMIl8M JlI.1 AIlH 06- UjecTBa pa3Mep 6e3pa50T"'1bl, CIlO>K"BW""C" B HSCTO"ll1ee BpeM"? 06ec- ne4\11BaeT IlV1 pblHOK cnp8BeAIlltfBOe pacnpe,QeIleHL-1e C03A8HHOro 60r8TcTBa? HY>KHO JlH nO,Q,Q8p>KItfB8Tb MeIlKL-1V1 61t13Hec? COBM8CTHM IlL-1 C ,Q8HHbIM TeMnOM H<lJIlR'1"" 3KOHOM"4eCK"" pacT? CT"MYIl"PyeT Il" YCTaHOBIleHHbl" pa3Mep noGo5"" no 5e3pa60T"'1e YBeIl"4eH"e npeAIlO>KeH"" Ha pblHKe TpYAa " >Ke- naTenbHO IlL-1 OHO? 3TIII L-1 MHOrL-18 ,QPyrL-18 np06IleMbl, CBs:l38HHbI8 C Ol...!eHKOL4 >l<enaT8IlbHOCTL-1 L-1IlL-1 He>K8Jl8TeIlbHOCTL-1 Tex HIlL-1 \IIHbIX 3KOHOML-1Y8CKIt1X HBIle- HVI VI Ael71cTB!.1L4, nblTa8TCH P8WL-1Tb HOpM8TL-1BH8H 3KOHOML-1Y8CKaH TeOpL-1H. 1013 CK83aHHoro CT8HOBV1TCfI flCHO, HaCKOIlbKO T8CHO CBH38Hbl M8)I{,QY CO- 6o 3KOHOMHyeCK8f1 T80pltfH (OC068HHO HopM8n1BH8H 3KOHOMVl48CK8H T80 PR)  rOCYAapcTBeHHa" 3KOHOMH4eCKaR nOIlHTHKS. B caMOM 051l1eM B"Ae rocYAapcTB8HH8T1 3KOHOMVlY8CK8H nOIl!.1TItfKa MO)\{8T 6blTb onp8A8n8H8 K8K KOMnIleKc Mep, HanpaBIleHHblX Ha perYIl"- POBaHV1e nOB8AeHL-1H 3KOHOMV1yeCKV1X 8r8H- TOB (noTpe6"TeIle" " npO"3BOA"TeIle,,), Vlnlll nocIleAcTBL-1V1 ,QeHT8IlbHOCTVI 3TltfX areH- TOB AIl" 3cpcpeKT"BHoro AOCT">KeH"" no- cTaBneHHblX 3KOHOMIt14eCKL-1X 1\8Il8V1. 3KOHO- M4e cK . n oro pOCT8, HaYYHO-T8XHVlyeCKoro Porpecca, 60Ilee cnpaBeAIl"Boro pacnpe- 1 U\r1T. no: q:.pIr1AMeH M. MeTO- AOnOrlr1f1 n031.1TI-1BHOVi 3KOHOMI-1\.jec- Kolii HaYKIA. THESIS. 1994. Bbln. 4. C.21. 2 YaliiTXe,lJ, A. v136paHHble pa6o- Tbl no cpl.1nococpl-1l11. M., 1990. C. 16, 29 
inasa 2 AeIleH"" AOXOAOB, nOnHO" 3aH"TOCT" " AP. AIl" AOCT">KeH"H nOCTaBneHHblX '1ene" roCYASPCTBO "CnOnb3yeT 50raTbl" spceHaIl cpeACTB - aT SAM"H"CT- paT"BHbIX 3anpeTOB Ha Bbl5poc BpeAHblX Bell1eCTB B aTMoccpepy AO MeTO- AOB «TOHKOIII H8CTp0I71K\t1» 3KOHOMV1KH nYTeM KP8AV1THO-A8H8>KH0V1 L-1 H8Iloro- Bo-6fOA>KeTHO" nOIl"T"K" (noAP05Hee 05 3TOM roBOP"TCR B rn. 17). Pe3YIlbTaT"BHOCTb rocYAspcTBeHHoro ynpaBIleH"" BO MHorOM onpeAen"- 8TCfI KOMn8T8HTHOCTblO rocYAapcTB8HHbiX YL-1HOBHV1KOB, L-1X cnoco6HOCTb npeAB"AeTb 5n"3K"e " oTAaneHHble pe3YIlbTaTbi npeAnp"H"MSeMblx Ae"- CTB\t1I11, 8 T8K>K8 }/(8n8T8IlbHOCTb V1Il\t1 He}/(8Il8T8.nbHOCTb HacTyn81Oli.\L-1X no- CIleACTB"". TaK, HanpMep, eCIl" roCYASPCTBO 6YAeT «Ha>K"MaTb Ha ne4aT- Hbl" CTaHOK» AIlH cp"HaHC"pOBSH"H CO'1"aIlbHbIX paCXOAOB, TO pe3YIlbTaTOM 5YAeT "HCPIl"'1"", KOTOpS" 05eC'1eH"T AeHe>KHble AOXOAbl HaCeIleH"R. Cno- C06HOCTb np8BHIlbHO nOHsnb CKIl8AbIB81OLl.\YIOCfI 3KOHOMV148CKYIO CL-1TY8L\L-1IO, Bbl5paTb Hs"50Ilee aAeKBaTHbie Mepbl rOCYAapCTBeHHoro BIl""H"" Ha 3K- HOML-148CK\f18 npOL\8CCbl, npOC4\t1T8Tb nocIleACTB\t1f1 np\llHHM88MbiX peWeH\t1\t1, M8KCL-1ML-13L-1pOB8Tb BbJroAbl It! MV1H\IIMV13V1pOB8Tb B03MO}/(HbJ8 V13A8P)\{K\II H8- npHMYIO 3aBL-1C\IIT OT TOro, HaCKo.nbKO npaB\IIIlbHO L-1 nOIlHO npL-1 npOB8A8HLt1V1 roCYAapCTB8HHOCi 3KOHOML-1Y8CKOtil nOJlIIITL-1KL-1 ItICnOJlb3YIOTCs:I AOCH1}/(8HL-1s:1 no- 3\.1TlttBHOtil L-1 HOpM8TItIBHOlil 3KOHOMVlY8CKOtil T80pLt1L-1. «3H8.n 6bl, rA8 yn8Il - COIlOMKIll nOAJlO>Klt1n!» - rn8cV1T H8pO,QH8f1 nocnOB\t1L\8. 3KOHOMV148CK8s:1 H8- YKa nOAKnaAblBaeT SMOPT"3"PYfOll1YfO «COIlOMKY» B cpope HaY4HO 050CHO- B8HHbiX np8ABV1,Q8Hlttlll npV1 npoee,Q8HV1\t1 3KOHOMlttY8CK0\t1 nOIlV1TIIIKL-1 TOIlbKO T8M, KTO 683lttPY8T CBOIO A8HT8IlbHOCTb H8 rny60K\.1X 3H8HLt1f1X OCHOBHblX np"H'1"nOB 3KOHOM"4eCKO" TeOp"". OCHOBHblM\II CPYHKLl.HflMH 3KOHOM\IIY8CKOVI T80p\llV1 flBIlHIOTCH: n03HaBa- Tel1bHafl, n03BOIlfllOLl.\8H p8CWL-1pHTb H8WL-1 n03H8H\t1H B 06Il8CTL-1 CJlO)\{HblX 3KOHOMJ.148CKJ.1X npOL\8CCOB B nOCTOflHHO M8HfllOli.\eMCs:I M\IIpe; MeTOA0110rLit- 4eCKaR, AafOl11 a " TeOpeT"4eCKYfO OCHOBY AIl" "CCIleAOBaH"" B np"KIlaAHblx 3KOHOMJ.1Y8CKV1X H8YK8X; npaKTIt1'"tecKafl, n03BoIlSlIOUJ,8s:1 cAen8Tb np8BL-1Ilb- Hbl" Bbl50p np" npoBeAeH"" roCYAapcTBeHHo nOIl"T"K"; nporHocTH4ec- Ka", AeIlafOll1 a " B03MO>KHbIM npeAB"AeH"e B 06naCT" KpaTKOCP04Horo " AOIlrOCpOYHOrO 3KOHOMJ.1Y8CKOro P83BlttTL-1H.  2. MeTOA 3KOHOMI'I'IeCKOH TeOp1'l1'l GIlOBO «M8TOA» (aT rp8Y8CKOro methodos - <mYTb K K8KOIII- IlL-160 l!8IlV1») 03HayaeT cnoco6bl n03H8HVlH, V1HCTPYM8HTbl, cOBoKynHocTb npJ.18MOB L-1ccn8AOB8HL-1H flBneHL-1t11 np\llpO,Qbl L-1 06li.\8CTB8HHOVl >KL-13H\I1. K8}/(- AaH H8YK8 IttM88T CBOIII M8TOA, oco6eHHOCTL-1 KOTOpOro Hep83pbIBHO CBH38Hbi C ee npeAMeToM. MeToA HaYK" np"3BaH 06eCne4"Tb Bce 60Ilee rny60Koe nOCTL-1}/(eHlt1e npeAM8T8, OH C8M pO}/(,Q8eTcfI V1 COB8pweHcTByeTcH B XOA8 nOIlY4eHV1f1 HOBblX 3H8HV1I1t, B 1t13B8CTHO!ll CTeneHL-1 npeAMeT C8M cpOpM\IIPY8T 30 npeOMem U Memoo 3KOHOMUyeCKOU meopuu MeTOA ", Ha050poT, "CnOIlb3yeMbl" MeTOA "CCIleAOBaH"" n03BOIl"eT Bce 50Ilee 4eTKO onpeAeIl"Tb rpSH"'1bl " cOAep>KaH"e caMoro npeAMeTa. HaY4Ha" pa3pa50TKa MeTOAa 3KOHOM"4eCKO" TeOp"" BOCXOA"T K TPY- AaM ApeBHerpe4eCKoro Y4eHoro Ap"CTOTeIl" (384-322 rr. AO Hawe" 3pbl). OH BnepBble CCPOPMYIl"pOBaIl OCHOBHble np"H'1"nbl n03HaH"" 3KOHOM"4eC- KO" " APyr"x cpOpM 051l1eCTBeHHo" >K"3H" C nOMOll1bfO HaYK" a 3SKOHax  cj>opMax MbIWIleH"" - IlOr"K". Pa3pa50TaHHbie Ap"CTOTeIleM np"eMbl no- 3HSH"H, TaK"e KaK aHaIl"3, C"HTe3, "HAYK'1"", AeAYK'1"", aHaIlOr""  APY- r"e W"POKO "CnOIlb3YfOTCR AO C"X nop np" aHaIl"3e 3KOHOM"4eCK"X HBIle- H"" " npO'1eCoB. KOHe4HO >Ke, B XOAe pa3B"T"" " YCIlO>KHeH"" npeAMeTa 3KOHOM1148CK0L-1 TeOpL-1L-1 COB8pW8HcTBoBaIlHcb nplt1eMbl Itt MeTO,Qbl 8ra n03H8- HR, cnoc05bl npOBepK" "CT"HHOCT" nOIlY4aeMbix B XOAe HaY4Horo aHaIl"- 3S pe3YIlbTsTOB. CIleAyeT pa3Il"4aTb MeTOA 3KOHOM"4eCKO" HaYK" B W"PO- !COM CMbICJ18 CIlOB8, K8K cOBoKynHocTb IttHCTPYM8HTOB, nplll8MOB HCCIl8AOBa- HHR " MeTOA KaK C"HOH"M np"eMa HaY4Horo aHaIl"3a, cnoc05a 05pa50TK" ASHHblX (MaTeMaT"4eCK"" MeToA.' Hanp"Mep), cpOpMbl AeMOHCTpa'1"" pe- 3ynbTsToB aHaIl"3a (rpacp"4eCK" MeTOA). B AaIlbHe"weM "3IlO>KeH"" Ma- Tep"SIlOB HaCTO"l11ero naparpacpa CIlOBO «MeTOA» 5YAeT "CnOIlb30BaTbC" BO BTOpOM, Y3KOM era 3H8yeH\.1L-1. 3KOHOMIt1Y8CK8H TeOpL-1H Bblpa60TaIla AOCT8T04HO 60IlbW08 KOIlltt48CTBO npeMOB nO"CKa HOBOro 3HaH"", OTpa>KafOll1"X cne'1"cp"KY ee npeAMeTa. AeVlCTBHT8J1bHO, 3KOHOMV1Y8CKHe acn8KTbi 48IlOB8Y8CK0l71 A8HTeIlbHocni H8 MaryT nOABepraTbC" aHaIl"3Y C nOMOll1bfO, Hanp"Mep, X"M"4eCK"X peaK'1"", conpOTHBIleHIt1f1 Ha pa3pblB !.1IlIo1 68IlIlHCTHY8CKIt1X nap8MeTpOB, K8K 3TO Ae- J1aeTCH B T8XHL-14eCKJ.1X !.1 8CTeCTB8HHblX H8YK8X. 3KOHOML-1Y8CKaH TeopVlH - HaYK8 rYM8HIt1T8PH8H, o5w,eCTBeHH8H, YTO CY>Ka8T B03MO}/(HOCTL-1 3KCn8pL-1- Mel'ITVlpOB8H\.1H B XO,Q8 V13Y4eHIt1f1 3KOHOMHY8CK0l71 >KL-13HL-1. 3KOHOMIt1Y8CK8H HaYKa It1cnOIlb3Y8T p83Ho06p83Hbl8 npH8Mbt n03H8HL-1H OkPY>K81Oli.\8V1 A8C1CTBL-1T8IlbHOCTL-1, B8>KHeVlWHML-1 L-13 KOTOpblX flBJlfllOTCH aHa- nM3, CMHTe3, HH,qYKLl.H, Ae,qYKLl.It1H, aHa110rHfI. H AHanU3 - 3TO T8KOVI M8TO,Q n03H8HIt1H, KOTOpblVl npe,QnOIl8r8eT p83,Q8Ile- ....:e l.\Ulora H8 OTAeIlbHbl8 COCT8BHbl8 yaCTL-1 14 H3YY8HL-1e K8>K,Q0L4 L-13 3TL-1X CTe. np"MepOM MO>KeT CIlY>K"Tb "3Y4eH"e 3aKOHOMepHOCTe" CPOPM"PO- BaHR pblH04Horo cnpoca nYTeM "CCIleAOBaH"" pa3Il"4Hb1X on p e A eIl"fO"'"X era "'SK  C TOpOB - '1eH, AOXOAOB nOTpe6"TeIle", "X npeAn04TeH"" " AP. H '" UHme3 - 3TO MeTOA n03HaHIt1H, OCHOB8HHblVl H8 C08,Q\.1H8HIt1L-1 OTA8Ilb- TI: 4aCT81i1 HIleHL-1H, 1t13YY8HHbiX B npOl!eCC8 8H8IlL-138, B eAL-1H08 u,eIloe. np'l PblHOYHbl1t1 cnpoc L-1 ero ,QIt1H8MIt1K8 MorYT 6blTb npaBIt1J1bHO nOHHTbl IlL-1Wb e r III era paCCMOTpeHVlL-1 KaK e,QL-1HCTB8 BXOAHLl.\\.1X B Hero !.1 onpeA8IlfllOLl.\L-1X o KOMnOH8 - CTYn HTOB - '1eH, AOXOAOB nOTpe6"TeIle" " AP. AHaIl"3 " C"HTe3 Bbl- fOT K8K ABe B381t1MOCBH38HHbiX CTOpOHbl npou,8CC8 n03H8HL-1H. 4a c HOYKL<U" - MeTOA n03HaH"", 5a3"PYfOll1""C" Ha YM03aKIlf04eH""X aT THoro K 5 H o Ll.\eMY. 8npL-1Mep, none3HOCTb AIlH KOHKpemH020 nompe6u- 31 
inasa 2 menfl K8}KAOro nOCIleAYIOLl.\erO 3K3eMnmp8 npv106peTaeMoro M 8H8IlOr\.1Y- HOro 6J18ra YM8Hbwa8TCH. OTCfOA8 MO}KHO np\.1AT\.1 K BblBOAY 0 TOM, YTO see nompe6umenu AaHHoro TOBapa roTOBbl 6YAYT npOAOIl>KaTb nOKynaTb 3TOT TOBap TOJ1bKO npV1 YCIlOBV1V1 CHVI}K8H\.1H. l!eH H8 Hero. ,ljeOYKL<UR (B np"MeHeH"" KOTOPO", KaK "3BeCTHO, 5blIl C"IleH WepIlOK XOIlMC) _ MeTOA n03HSH"", npeAnOIlarafOll1"" YM03aKIlf04eH"R aT 051l1ero , 4acTHOMY. Hanp"Mep, 051l1ee 3aKnf04eH"e: BoeHHble "MefOT OTIl"4HYfO ocaHKY. YB"AeB Ha YIl"'1e 4eIlOBeKa Aa>Ke B rpa>KAaHCKO" oAe>KA e , Bbl MO- >K8T8 no ero npeKp8cHOVl Bblnp8sKe 38KJ1104\.1Tb, YTO OH HMeeT OTHOW8HL-1e K apM". KCTaT", "MeHHO TaK WepIlOK XOIlMC yraAaIl 5blBWYfO npocpeCC"fO AOKTopa BSTCOHa, BoeHHoro Bpa4a. " - AHanoaUfi _ MeTOA n03H8HV1H, np8An0J18ralO\I1\11 n8peHOC caO\.1CTB C \113- BecTHoro RBIleH"" "n" npO'1eCCS HS He"3BeCTHble. np" 3TOM MoryT "CnOIlb- 30B8TbCH AOCTL-1>K8HVlH. B pa3J1\.1l.JHbiX 06Il8cn:;x 3HaH\I1. TaK, WL-1pOKO npV1Me- HeTCR cpaBHeH"e AeHe>KHOrO 05pall1eH"" C KpOB006p s ll1 eH "eM B 4eIlOBe- Y8CKOM OpraHL-13M8. PaBHOB8C\I1e Ha pblHK8 YCIlOBHO 8H8IlOr\.1YHO paBHOB8- C\.11O B cpH3V1yeCKOM ero nOHl1M8HL-1L-1. 3KOHOMIt14eCK8H. A8H.TeIlbHOCTb IlIOAeC1 CIlO>KHa VI MHOroo6p83H8 L-1 \.130- 5"IlyeT npOT"BOpe4""M". CYll1eCTByeT MHO>KeCTBO pa3HbiX OTpaCIle" npO"3- BOACTBS, Me>KAY KOTOPbIM" HS onpeAeIleHHblX np"H'1"nSX npO"CXOA"T pac- npeAeIleH"e HaXOAll1HXC" B OrpaH"4eHHOM KOIl"4eCTBe pecypCOB. Ka>KAa OTp8CIlb COCTOV1T 143 AecsHKOB It1Il\.1 TblCHY KPynHblx VI MeJ1KVlX npOVl3BoAVlTe- IleC1, CBH.38HHbIX APyr C APyroM T8xHoIlorV148cKVI, opraH V13a ll.\.10HHO L-1IlV1 C nOMolll,blO cpV1H8HCOBbIX VlHTep8coB. K8)I{.Qbll71 Vl3 BXOAfHl..\V1X B OTpaCJ1b npo- "3BOA"TeIle" npecIleAyeT CBO" C06cTBeHHbie "HTepeCbl, KOHKYP"PY" C APY- rV1Ml1 np0V13BOAVlT8J1HML-1. ML-1IlJ1V10Hbl nOTp86\.1TeneC1 38V1HTepecOB8Hbl B npL-1- 06P8T8HV1L-1 BbiCOKOK84ecTBeHHbix TOBapos no HV13KV1M l..\eH8M, a np0\.13BOAL-1- T8IlVl 38V1HTepecoB8Hbl B npOH1BOnOIlO}KHOM. M8HHIOTCH BKYCbl, npeAnOYT8- H"", np"CTpSCT"", A"KTyeT CBO" Tpe60BaH"" "3MeH4"Ba" MOAa. AeTeIlb- HOCTb npaBHT8J1bCTB8 BHOC\.1T Vl3M8H8HV1H B ypOB8Hb AOXOAoB HaC8Il8HL-1H. V1 YCIlOB"R oCYll1eCTBIleH"R npeAnp"H"MaTeIlbCKO" Ae"TeIlbHOCT". nIlOX"e norOAHbl8 YCf10B\.1H MOryT nOBJ1\.1HTb H8 pa3Mepbl npOH3BOACTBa B C8IlbCKOM X03""cTBe "3MeH"Tb CIlO>K"BWYfOC" CTPYKTYPY nOTpe6"TeIlbCK"X pacxOAoB, nOBIl""Tb a cnpoc Ha OTAeIlbHble B"Abl npoAYK'1"". HepaBHOMepHb'" 3KOHO- MVlyecK1t1171 pOCT M8HH.eT ypOB8Hb 3aHHTOCTIt1, YTO, B CBOIO 04epeAb, H8L-136e>KHO BJ1HHeT H8 KOIl868HV1H cnpoC8, H8Y4HO-TeXHV148CK\I1171 nporp8cc M8HH.eT CTPYK- TYPY npO"3BOACTBa, BIl""eT Ha 3aH"TOCTb " cnpoc Ha pecypcbl " KOHe4HYfO npoAY K '1"fO. Cn"COK cocTaBnfOll1"X X03""CTBeHHO" >K"3H" MO>KHO npOAon- )\{8Tb nOYTH ,0.0 6ecKOHeYHOCTVI. npL-1 3TOM Bce H83BaHHbl8 11 H8H83B8HHbie 3IleM8HTbi VI 06CTOH.T8IlbCTS8 3KOHOMV14eCK0C1 A8H.TeIlbHOCTV1 H8XOAHTCH B TeCHO" CBR3" APyr C APyroM " "CnbITbIBSfOT BIl""H"e APyr APyra. AIlR TOro, 4T05bl He 3anYTaTbCR B M"p"SAaX cpaKTOB, He YTOHYTb B "X MHoro06pa3V1 L-1 npOTVlBOp8YV1BOCTV1 3KOHOMH4eCKaH. HaYK8, >K8Il81OW,8H. no- 32 npeOMem U Memoo 3KOHOMUyeCKOU meopuu H"Tb CYll1HOCTb "BIleH"" 3KOHOM"4eCKO" >K"3H" " CCPOPMYIl"pOBaTb np"4"H- HO_CIleACTBeHHble CBR3" Me>KAY H"M", W"POKO "CnOIlb3yeT MeTOA HaY4Hoii S6CTpSKLlHH. OH COCTO"T B BbIAeIleH"" rnaBHoro B 06beKTe "CCIleAOBaH"" " OTBIle4eH"" (a5CTpar"pOBaH"") OT HeCYll1eCTBeHHoro, CIlY4a"Horo, Bpe- MeHHOro, HenocTOHHoro. 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T80pHH Hrp, 38HIt1MalOLl.\aHCH 06Ll.\HM 8H8IlL-130M cTpaTer!.148cKoro B38HMOA8171cTBHH Me>KA cy5beKTaM", MO>KeT 5blTb np"MeHeHa np" 05b"CHeH"" B3a"MOOTHO- weH"" Me>KAY HeCKOIlbK"M" cp"pMaM" HS pblHKe, "rpOKOB B a3apTHbie rpbl, yYaCTH"KOB nOIl"T"4eCK"X neperoBopoB, oc05eHHocTe" 3KOHOM"4ecKoro nOB8AeH"R OTpe5"TeIle" " npO"3BOA"TeIle". HeAapoM Ha3BaH"e KH"r", BblnYllIeHHO" B 1944 rOAY aBTOpaM" TeOp"" "rp A>KOHOM He"MaHoM " Oc- KapoM MopreHwTepHoM, - «Teop"" "rp " 3KOHOM"4eCKOe nOBeAeH"e». Kacaflcb npL-1MeH8HIr1H B 3KOHOMVl4eCKL-1X L-1CCIl8AOBaHL-1HX 3KOHOMHKO- MaTeMaTw.teCKoro MeTOAa aHal1H3a, cIl8AyeT 38MeTHTb, 4TO OH AOCT8TOl.J- HO _npoAYKT"BeH AO Tex nap, nOKa CIlY>K"T YA05HO" AIl" BOCnp""T"" cpop- MO" OTpa>KeH"" 3KOHOM"4ecKoro cOAep>KSH"". Ho "HOrAa npo"CXOA"T OT- pblB cpOpMbl OT cOAep>KaHH", MaT8MaT"4eCK"e MOAeIl" Ha4"HafOT nOA4"- HHTbCfI c06cTBeHHoIII IlorHK8 p83BHTL-1H, YTO np8AonpeAeIlfieT B03MO>KHOCTb nOfiBIleH!.171 OWL-160YHbIX OCHOB8HHbiX Ha MaTeM8TVlLJ8CKL-1X nOCTp08H\.1HX 3KO- HOMItIY8CK!.1X BbIBOAOB. 3KOHOM"4eCKa" HaYKa 05IlaAaeT 50IlbW"M npOrHOCT"4eCK"M nOTeH'1"- a.n?M. OCHOB8HHbie H8 BblBoAax n03HTVlBHOH ItI HopMaTV1BHOVl 3KOHOMHyeC- KO" TeOp"" nOIl"TH4eCK"e peWeH"" B p"Ae cIlY4aeB MorYT 5blTb Hs"50Ilee 3cpcpeKT"BHbIM" "3 Bcex B03MO>KHbIX. OAHa,o, He cIleAyeT C"IlbHO 050Ilbll1STbC", "50 BcerAa eCTb npocTop AIl" Ae"CTB"" 3aKOHa HenpeAB"- AeHHbix nocIleACTB"", KorAa np"H"MaeMble peWeH"" np"BOA"T K He3anIla- :POBaHHbIM, a "HOrAa " K np"MO npOT"BOnOIlO>KHbIM pe3YIlbTaTaM. KpblIla- p M Bblpa>KeH"eM CTaIla cppa3a OAHoro "3 npeAceASTeIle" npaB"TeIlbCTBa ,QCC" B. C. 4epHOMblpA"Ha: «Mbl XOTeIl" KaK IlY4we, a nOIlY4"IlOCb KaK BcerAa...» He 6YAeM 3s5blBaTb 05 3TOM! 53. OCHOBHble HanpaBIleHIIIH III WKOIlbl B 3KOHOMIII'IeCKOIll Teopllllll PIQ n 3KOHOM"4eCKa" HaYKa "MeeT AIl"TeIlbHYfO " 60raTYfO "CTO- BIlfO fO"M BcerAa 5b1Il" He5e3pa3Il"4Hbl npO'1eCCbl, np"MO "Il" 'OCBeHHO BOA x 111 e_ Ha YPOB':Hb "X 5IlarocoCTO"H"". n03TOMY PS3MbIWIleHH" no no- P O! 03HVlCTBeHHOH >KL-13HH conpOBO>K,Q8IlL-1 nocIl8AHIOIO C MOM8HTa e8 38- -,,,,,eH"" . 37 
Inasa 2 nepBble \t13SeCTHble nOnblTK\t1 C\t1CTeMaT\t138l!L-1L-1 3KOHOMW4eCKL-1X 3HaHVlII1 CBH38Hbl C rpe4eCKIt1ML-1 MbICIlL-1TeIlHM\t1, B nepBYIO Oyepe,qb ApHCTOTel1eM (364-322 AO H. 3.) " nIlSTOHOM (428-348 AO H. 3.), KOTopble paCCMaTp"Ba- IlH B CBOL-1X \t1CCIl8,qOB8HL-1HX BOnpOCbl 3KOHOM\t1yeCKoi/1 )\{Vl3H\t1. ApHCTOT8Ilb CMOr rny60Ko npOH"KHYTb B BOnpOCbl X03R"CTBeHHO" Ae"TeIlbHOCT".. "MeH- HO OH onpe,qeJ1\t1Il 3KOHOMIt1KY K8K HaYKY 0 60raTCTBe H BH8C U,8HHbl\.1 BKJ1aA B TeOp\.11O CTO\t1MOCT\t1, U,8Hbl L-1 ,qeHer. CaM TepML-1H «3KOHOML-1Ka}) np0L-130WeIl OT ,qpeBHerpeY8CKoro CIlOBa «3KOHOML-1H», KOTopoe, K8K C'-I\t1TaIOT Y4eHble, \t1306peJ1 rpe4eCKL-1V1 nHC8TeIlb " "CTOP"K KceHoq,OHT (430-355 AO H. 3.). CnOBO «3KOHOM""» COCTO"T "3 ABYX CIlOB: <<O"KOC» (AOM, AOMaWHee X03""CTBO)" «HOMOC» (3HSfO, 3SKOH). TaK 4TO B 5YKBSIlbHOM, nepBopOAHOM CMblCIle «3KOHOM""» 03Ha4seT HaYKY o AOMOBOAcTBe, 06 "CKyccTBe BeAeH"" AOMawHero X03""CTBa. OAHaKo BpeMeHa MeHHIl\t1Cb, a BMeCTe C H\t1ML-1 He TOJ1bKO MeHHJ1CH CMblCIl CIlOB, HO It1 nOHBIlHIlL-1Cb HOBbie TepML-1Hbl. Pa3BI-1TL-1e 06Ll.\eCTB8HHOro pa3AeIleH"" TpYAa H 05MeHa np"BeIl" K npeOAOIleH"fO HaTypaIlbHo" 3aMK- HYTOCT" " CPOpM"pOBaH"fO 3KOHOM"K" KaK eA"HOrO '1eIloro B MaCWTa6e TOro "n" "HOro rOCYAspCTBa. B03H"KaeT nOTpe6HOCTb B 3HSH""X a HSPOAHOM X03""CTBe Bce" CTpaHb!. B 1615 r. cppaH'1Y3CK"" 3KOHOM"CT AHTyaH Ae MOHKpeTbeH (1575-1621) ny5Il"KyeT «TpsKTaT nOIl"T"4eCKO" 3KOHOM""», B KOTOpOM npeAIlaraeT npoBoA"Tb 3KOHOM"4ecKYfO nOIl"T"KY BceMepHoro nOOpeH\t1H TOprOBJ1L-1, ,qoKa3bIBaeT, YTO nOCIleAHs:1H HBIls:1eTCH rnasHoVl u,e- IlbfO npO"3BOAcTBa. Pa60Ta A. MOHKpeTbeHa AaIla HS3BSH"e Hapo>KAaBWe,,- CH Tor,qa HaYKe, KOTopaH COXp8H!.1J1aCb \t1 no C8V1 ,qeHb. CJ10BO «nOIl\t1T\.1yeCKaH» B Ha3saH\t1\11 HaYKV1 TalOK8 \.'IMeeT ,qpeBH8rpeYeC- K"e KOPH". OHO npo"CXOA"T OT TepM"HS «nOIl"C» (ropoA, roCYASPCTBO) " 3aKIlf04aeT B ce5e 60Ilee W"POK"" CMblCIl - "CKYCCTBO ynpaBIleH"" rocy- AapCTBeHHbIM, 061l1eCTBeHHbiM X03""CTBOM. B XVII-XVIII BB. nOIl"T"4eCKa" 3KOHOM"" 5blIlS 3Mn"p"4eCK"M "CKYCCTBOM, Ha50pOM npeAn"CaH"" AIl" npaB\t1TeIlbCTB8HHOro n0J1b30B8H\t1s:1. 3KOHOMHCTbi pa3MblWI1s:1Il\t1 HaA TeKY\t1- M\t1 X03HVlcTBeHHblMVI npo6Il8M8ML-1 L-1 np8AIlaraJ1V1 peWeH\t1s:1, npH3B8HHbie YBeIl"4"Tb AOXOA roCYAspcTBa H MOHapxa. B 3TOT n8pL-10A OCHOBHblM Hanp8BIleHL-18M 3KOHOM\t1Y8CKOVl MbICIl\t1 6blJ"i MepKaHTHnH3M _ KOHl..\enl..\L-1H, KOTopaH B\t1,qena OCHOBY H8u,Lr10HanbHoro npo- '1BeTaH"" B HaKonIleH"" 6IlSropoAHbiX MeTaIlIlOB (30IloTa " cepe5pa), C4"- TaBW"M"C" rnaBHblM" CPOpMSM" 60raTcTBa. K 4"Cny B"AHe"W"X npeAcTa- B\t1TeIlei/1 3TOro HanpaBJ1eH\IIs:1 MO)\{HO OTHeCT\t1 y)\{e ynOML-1H8BweroCs:1 Bblwe A. MOHKpeTbeHa, aHrIl""cKOro 3KOHOM"CTa TOMaca M3Ha (1571-1641), cppa H '1Y3cKoro 3KOHOM"CTa " nOIl"T"KS >KaHs 6aTHcTa KOIlb5epa (1619-1683), POCC""CKOro 3KOHOM"CTa " ny6Il"'1"CTa \.1BsHa THXOHoBH4a nOCOwKoBa (1652-1726). <PpaH'1Y3CK"e Y4eHbie <l>paHcya KeH3 (1694-1774) " AHH TlOpro 38 npeOMem U Memoo 3KOHOMU4eCKOU meopuu (1727-1781) "B"Il"Cb OCHOBaTeIl"M" WKOIlbl q,H3HoKpaToB, npeACTaB"Te- J1H KOTOOIl1 C4I11TaIlL-1, YTO TOIlbKO 3eMIlH npo,qYKn1BH8 \t1 4TO TOIlbKO TPYA ceflb- CKOX03HIt1CTB8HHbiX pa60TH!.1KOB cnoc068H C03,qaTb 4\11CTblll1 npOAYKT, TO 8CTb ,0.0- XOA, npeBbIWafOll1"" 3aTparbi. Bce APyr"e B"Abl Ae"TeIlbHOCT" (npoMblwIleH- HOCTb, TOprOBfls:1) HBIlHIOTCs:1 «6ecnIlo,QHbIMH», nocKoIlbKY OH\II Il\.1Wb n8pep8- 5aTbiBafOT npOAYKTbl, He YBeIl"4"Ba" "X KOIl"4eCTBO. CBO" AOXOAbl, no MHe- H"fO CP"3"OKparOB, npOMbIWIleHH"K" " Kyn'1bl nOIlY4afOT "3 «BTOPbIX PYK». B cpOpML-1POB8HIIIL-1 \II pa3BHTL-1L-1 nOJ1\.1T\IIyeCKOVI 3KOHOM\t1L-1 K8K HaYKIll Bbl- AafOl11YfOc" pOIlb CbrrpaIl" TaK"e Y4eHble, KaK Y>Ke Ha3BaHHbl" HaM" <PPSH- cya KeH3, aHrn""CK"e 3KOHOM"CTbl YHIlb"M neTTH (1623-1687), AAaM CMHT (1723-1790), AaBHA PHKapAo (1772-1823), ,Q>KOH CTIOSpT MHIlb (1806-1873), cppaH'1Y3CK"" 3KOHOM"CT >KsH-6aTHcT C3i1 (1762-1832). He- CMOTP" Ha PS3Il"4"" "X B3rn"AOB, "HOrAa cYll1eCTBeHHble, Bce OH" OTHOC"T- CS1 K Kl1aCCHKaM nOl1HTH"'IeCKOH 3KOHOMHH. 1 KIl8CCL-1KOB 06beAIIIHHfl Ps:lA 051l1"x npeAnocblIloK, KOTOpbl", HecMoTp Ha paCXO>KAeH"" no MHor"M OT- AeIlbHblM BonpocaM, 5blIl np"cYll1 BceM Ha3BaHHbiM aBTopaM. npe>KAe Bce- ro, KIl8CCLr1KV1 - CTOpOHHL-1K\t1 3KOHOMH4eCKoro IlL-168paIlH3Ma, CYTb KOTOpOro HepeAKo Bblpa>KaeTC" CIlOBaM" <<laissez faire» (6YKBaIlbHo - «OCTaBbTe Ae- IlaTb» - cpp.). np"H'1"n <<laissez laire» - nOIl"m4eCKOe Tpe50BaH"e, ccpop- MYIlHpoBaHHoe eLl.\e wKoIlolII QJL-13\t10KpaToB: nOJlHaH 3KOHOMHyeCK8s:1 cBo60- Aa Il"4HOCm " cB060AHa" KOHKypeH'1"", He OrpaH"4eHHa" BMewaTeIlb- CTBOM rOCYAapCTBS. KIlaCC"4eCKa" WKOIla paCCMaTp"BaeT 4eIlOBeKa, npe>K- Ae Bcero, KaK «48IlOB8Ka 3KOHOMW"lecKoro». Ero CTpeMIleHL-1e K M8KCHML-138- '1"" CBoero 60raTCTBa BeAeT " K np"YMHO>KeH"fO 60rarCTBS Bcero 051l1eCTBS. «H8BH,q\llMaH PYK8», K8K H83B8Il aBTOM8T!.14eCKIilVI MeX8HL-13M caMOHaCTpoCi- K 3KOHOM"K" A,QaM CM"T, HsnpaBIl"eT pa3p03HeHHbie Ae"CTB"" OTAenbHblX npO"3BOA"T8Ile" " nOTpe6"TeIle" TaK"M 06pa30M, 4TO BC" C"CTeMS Haxo- A"TC" B COCTO"H"" Aonrocp04Horo 3KOHOM"4ecKoro paBHOBeC"". AIl"TeIlb- Hoe CYll1eCTBOBSH"e B TaKa" C"CTeMe 6e3- pa50T"'1bl, nepenpO"3BOACTBa "Il" HeAO- np0!.13BOACTBa TOBapOB OKa3bJBa8TCs:1 He- B03MO>KHbIM. KIlaCCL-1KH BHeCIlL-1 orpOMHblVl BKI18,q B C03,QaH\t1e annap8T8 3KOHOMJ.14eC- KOH HaYKIt1, KOTOpblH B A8IlbHeVlweM V1C- nOIlb30BanCs:I L-1 COBepweHCTBOB8IlCH B TPY- Aax APyr"x npeACTaB"T8Ile" M"POBO" 3KO- H'OMII1"'1eCKOVl MbICIlL-1. A. CM"T " ero nOCIleAOBaTeIlH pa3ps- OTanll1¥ 3KOHOML-14eCKYIO T80pHIO, B OCHOBe OTOpO" Ile>KaIla KOH'1en'1"" TPYAOBO" CTO- II1MOCTH. OHV1 CYL-1Tafllr1, 4TO 60raTCTBO co- aeTC" He TOIlbKO 3eMIleAeIl"eM, HO " TPY- A M Bcex APyr"x 'IlSCCOB, Bce" Ha'1"" B , B JlI.nepaType, nOCB5H1.l,eHHO VlCTOplllVl 3KOHOMVlyeCKO MbICJlIII, MO>KHO BCTpen1Tb pa3JlVlYHbie TOY- Kill 3peHVlfI Ha TO, KOro ItIMeHHQ CJle- AyeT OTHOCIIITb K KIlaCCItIKaM 3KOHO- MW-leCKO HaYKVI. TaK, MapKCVlCTCK\II B3rJlSlA Ha STY np06JleMY cyli.J,e- CTBeHHblM 06p830M OTJl\llyaeTC5I OT B3rJlSlAOB cospeMeHHblx 38naAHbix 3KOHOMVlCTOB. B HaweM Y4e6HIIIKe Mbl OTHaCVlM K KIlaCCYlKaM Tex 3KO- HOM\IICTOB, KOTOpblX 06be,QIIIHfleT Ha- 6ap anpe,QeJleHHblX npegnoCblJlOK, a KOTOPb!X pe4b nogeT g8Jlee. 39 
Inasa 2 '1eIlOM. Bce KIlaCCbl, Y4aCTBYH B npO'1eCCe npO"3BOACTBa, COTPYAH"yafOT, BCTynalOT B Koon8paLl.llllO, 4TO IIICKI1104aeT BCHKoe pa3IlHYL-1e M8>K,o,y «6ec- nIloAHbIM"» " npO"3BOA"TeIlbHbIM" B"AaM" Ae"TeIlbHOCT". 3TO COTPYAH"- 4eCTBO Ha"60Ilee 3cpcpeKT"BHO, eCIl" aHa OCYll1eCTBIl"eTC" B cpopMe Pb1H04- HOro 05MeHS. Ha OCHOBe TeOp"" TPYAOBO" CTO"MOCT" HeMe'1K"" 3KOHOM"CT " CO'1"O- Ilor KapIl MapKc (1818-1883) c03AaIl Y4eH"e 05 3KcnIlyaTaTopcKoM xapaK- Tepe pblH04Horo X03""CTBa (MapKC "CnOIlb30BaIl TepM"H «Kan"TaIl"3M»). TOIlbKO TPYA HaeMHblX pa604"X c03AaeT 60raTCTBO 061l1eCTBs. np"6blIlb Kan"TaIl"CTOB npeAcTaBIl"eT c060" HeonIla4eHHbl" TpYA pa604ero KIlscca. BHYTpeHH"e 3SKOHbi Kan"TaIl"3Ma BeAYT K nOIlRp"3a'1"" 051l1eCTBa, OTHO- C"TeIlbHOMY " a5coIlfOTHOMY 05H"ll1aH"fO TPYA"ll1"XC", c03peBaH"fO BHYT- pV1 caMoVl K8nVlTaIl\.1CTV148cKoa:1 CHCTeMbl npe,o,nocblIlOK ,o,Jls:\ nepexo,o,8 K co- '1HaIlHCT"4eCKoMY 051l1eCTBY B pe3YIlbTaTe n05eAoHocHO" npoIleTapcKO" peBOIl fO '1"". MHOr"e nOIlO>KeH"" " nporH03bl K._ MapKca, HOC"BW"e YTOn"- 4eCK"" xapSKTep, He nOATBepA"Il"Cb npaKT"KO" pa3B"T"" 061l1eCTBa. Bo BTOPO" nOIlOB"He XIX B. "CCIleAOBaH"H KOH'1eHTp"PYfOTC" Bce B 60IlbW8a:1 M8p8 Ha p8CCMOTpeHIII\II KOHKp8THbiX OTHOWeHL-1Ci pblH04HbiX areH- TOB, Bblpa50TKe COOTBeTCTBYfOll1"X npaKT"4eCK"X peKOMeHA a '1 H ". Y4eHbie Bce 4all1e CTpeM"TC" K "CCIleAOBaH"fO np05IleM OnT"M"3a'1"" pacnpeAeIle- H"" OrpSH"4eHHbIX peCYPCOB, W"POKO np"MeH"" AIl" 3T"X '1eIle" annapaT np8,o,8IlbHbiX BeIl\ll4I11H, M8T8M8T\II4eCKH8 M8TOAbL BCJl8A 3a 3TIt1M MeHH8TCH III Ha3BaH"e caMO" HaYK". TepM"H political economy «<nOIl"T"4eCKa" 3KOHOM""») BbIT8CHs:\8TCH HOBblM H83BaH\.18M - 8conomics (<<3KoHOMIt14eCK8H TeOp\lls:\»).1 CBoe HOBoe "M" 3KOHOM"4eCKa" HSYKa nOIlY4"Ila B BblweAwe" B 1890 r. KH\IIre BblAalOw,erocH aHm\.1I11CKoro 3KOHOMIIICTa, OCHoBononmKHVlK8 HeOKl1aC CH'teCKoro HanpaBl1eHHSI, maBbl «KeM6p\llA>KCKol71 WKOIlbl» Al1bc:t>peA MspwaIlIla (1842-1924). Ha3blBaIlacb OHS «np"H'1"nbl 3KOHOM"4eCKO" HSYK"» (Principles of economics). ABTop KH"r" C4"TSIl, 4TO 3KOHOM"4eCK"e \IIccIleAOBaHV1H AOIl)\{Hbl cIle,o,oBaTb npaKTHKe >KL-1T8a:1CK0a:1 IlOrVlKL-1, 6blTb Ha- YYHblM 05051l1eH"eM pS'1"OHSIlbHOro MbIW- IleH\IIH \II nOB8AeHL-1H pblH04HbiX ar8HTOB. n03TOMY no,o, «3KOHOMIIIKC» CTaIlIt1 nOHVI- MaTb HaYKY, "cCneAYfOl11YfO nOBeAeH"e IlfO- Ae" B npo'1ecce npO"3BOACTBa, pacnpeAe- IleH"" " nOTpe5IleH"" peAK"X 5Ilar " YCIlyr B M"pe OrpaH"4eHHblx pecYPcoB, a TaK>Ke cnoc06bl Ha"60Ilee 3cpcpeKT"BHoro "cnOIlb- 30BSH"H 3T"X pecypcoB. B '1eHTpe BHHMSH"" npeACTaB"TeIle" H80KIlaCCL-1Y8CKOrO H8npaBJl8HL-1f1 Haxo,o,L-1Jl- c" aHaIl"3 YCIlOB"", np" KOTOpblX nOTpe6"- TeIlH VI npm-13BOAV1TeIlH MaKc\IIMH3HPYlOT 40 1 3aMen1M, '-ITO aHrm1CKoe cnOBO economics TonbKO B nocne- AHl1e 6-8 neT crano nepeBOAI1TbCS1 Ha PYCCKI1I11 S13btK K8K 3KoHoMUyeC- Kafl meopuH. ,0,0 3TOro OHO 4aw,e Bcero nepeBOAl1nOCb KaK 3KOHOMU- K8, nonumU4eCKafl :JKOHOMUfI, 3KO HOMUyeCKafl HaYKa, I1nl1 A8>Ke 3KO- HOMUKC - AOCTaT04HO nOCMOTpeTb Ha Ha3BaHI1e 113BecTHoro Y'-le6HIi1Ka K. MaKKOHHenna 11 C. 5plO, BbInY- eHHoro B ceeT B 1992 r. npeaMem U MemOa 3KOHOMUyeCKOU meopuu CBoe 6IlarococTOHHV18. K8K nOK83aIl A. MapW8IlIl, TaKaH MaKCL-1MI-13al!HH 803- MO>KHa IlL-1Wb B YCJlOBHs:\X cB060AH0L4 KOHKypeHl!VlL-1, L-1 L-1MeHHO TO r,o,a , KorA8 pblHOK np"XOA"T B COCTO"H"e c5SIlaHC"pOBaHHOCT", pSBHOBeC"". C03,o,aHHbl8 HeOKJl8CCL-1KaM!.1 VlHCTPYMeHTbl aHaIlH3a III ceroAHs:\ COCT8B- nRfOT «30IlOTO" CPOHA» M"POBO" 3KOHOM"4eCKO" HSYK". 3TO - 3IlaCT"4- HOCTb cnpocs, npeAeIlbHbl" aHaIl"3, pa3Il"4"e Me>KAY KOPOTK"M " AIl"TeIlb- HblM n8plo10,o,aMVI npL-1 yyeTe Bp8M8HHblX B03A8V1CTBVlVI Ha X03HL4CTBeHHYfO ,o,e- SHenbHOCTb, aHaIl\.13 BHYTP8HH8a:1 L-1 BHewHe npOH3Bo,o,CTBeHHOVl 3KOHOMVlV1 B TeOp"" CP"PMbl, B3a"M03aB"C"MOCTb pblHKOB " AP. II1AeaIl"3a'1"" MeXaH"3Ma CB060AHO" KOHKypeH'1"" «<HeB"A"Ma" PYKa» pblHKa cnoc05HS HanpaBIl"Tb pa3B"T"e 3KOHOM"K" no Ha"50Ilee 3cpcpeKT"B- HOMY nYT"), HeAOO'1eHKa POIl" rOCYAapCTBa (OHO AOIl>KHO 5blTb Il"Wb «H04- HblM CTOpO>Ke.,»), xapaKTepHble AIl" HeOKIlaCC"KOB, onpeAeIl"Il" pa3B"T"e 3KOHOMHl.J8CKOVI T80pHL-1 H8 npOTfI)K8HVlI-1 ps:\Aa ,o,ecs:\TL-1IleTL-1a1!, BnIlOTb ,0.0 KOHLl.8 20-x roAOB npowIloro BeKa. 3KOHOM"4eCKa" TeOp"" 3TOro nep"OAa CHa4a- 11a I-1MeHOSaIlaCb «TeopHe Ll.8Hbl), 38T8M «TeOpHeVl cplllpMbl», /.01, HaKOHeLl., nOIlY4V1Ila W!.1pOKO L-1CnOIlb3yeMo8 C8roAHH Ha3BaHL-18 «MIt1Kp03KOHOML-1Ka». Y>Ke Ha p6e>Ke XIX" XX BeKOB M"KP03KOHOM"4eCK"" aHaIl"3 nOABep- raeTCH OCTpOL-1 KpHTIIIK8 co CTOpOHbl H8KOTOpblX yyeHblX, OAH8KO, B KOH8Y- H0M V1Tor8 Onn03V1l..\!.10HHble BblcTynIleHHs:\, K8K 3TO Y8CTO CIlY488TCs:\, T011bKO cnoco6CTBOB8Il!.1 pa3BL-1TL-11O L-1 YKpenneHHIO 8BTOpHT8T8 H80KnaCCV14eCKoro HanpaBIleH\IIH. B 3TOT n8pL-10,D, HaYKe CTaIlL-1 Vl3B8CTHbi !.1M8H8 TaKL-1X Bb1A81O- ll1HXCH Y4eHbIX-HeOKIlCC.KOB, KaK ApTYP nHry (1877-1959), KapIl MeHrep (1840-1921), EBreHHH 6eM-6sBepK (1851-1914), <l>PHAPHX BH3ep (1851- 1926), lleoH BSIlbpac (1834-1910), BHIlbcppeAo napeTo (1848-1923) " AP. II1MeHHo B "X TPYAax 5b1Il" OKOH4aTeIlbHO CCPOPMYIl"pOBaHbl OCHOBHble np"H'1"nbl Map>KHHSIlH3Ma (OT marginal - npeAeIlbHbl" - aHrn.), "Il" TeO- pVlH npe,o,eIlbHOL4 nOIl83HOCTH, 3HaMeHoB8Bw8V1 n0L-1CTIt1H8 peBoIlIOu,\IIOHHbl npopblB B npeAcTSBIleH"" 0 '1eHHOCT", '1eHe, nponop'1""x 05MeHs, "3Aep>K- Kax, cnpoce " npeAIlO>KeH"" " AP. Map>K"HaIl"CTbl B OCHOBY 3KOHOM"4eC- Koro aHaIlL-138 nOIlO>KL-1IlV1 cy6b8KH1BHble 0Ll.8H04Hble cyeH\IIH BOBIl84eHHbiX BX03""cTBeHHble OTHOWeH"" cy6beKToB (noAP06Hee 05 3TOM CM. B rn. 5). On"pa"Cb Ha «3aKOH PbIHKOB» >K.-5. C3", cornaCHO KOTOPOMY npeAIlO- )l(eHHe npOAYKTS BcerAa C03AaeT cnpoc Ha Hero caMoro «<TOBSPbl 05MeH"- BafOTC" Ha TOBapbl»), HeOKIlaCC"K" 060CHOBbIBaIl" caMoperYIl"PYfOll1""CH xapaKTep pblH04H0L4 3KOHOMHKIo1, cnoco6HOCTb MeX8HL-13Ma CBo60,o,HOtit KOH- K.YP8HU,VIVI BOCCTaHaBIlL-1B8Tb HapyweHHoe p8BHOBeCL-1e L-1 06eCneYL-1BaTb TeM C8MbiM ,o,HHaM\II4HOe, 6eCKp!.13HCHOe pa3BHTL-1e. Oc06oe M8CTO B 3KOHOML-148CK0tl1 HaYK8 3aHL-1MaIOT TaKHe nOCIleAOB8Te- Il" np"H'1"na <<laissez faire», KaK aBcTpO-SMep"KaHCK"" 3KOHOM"CT ABryCT :PHAPHX cjJOH Xa;;eK (1899-1992) " aBCTp""C'"" 3KOHOM"CT 1llOABHr OH MH3ec (1891-1973). Hs npOT">KeH"" Bce" CBoe" TBop4eCKO" >K"3H" 3T" Y4eHbie CTO"Il" Ha n03"'1""X Henp"M"p"MbIX npOT"BH"KOB roCYAap- 41 
Inasa 2 CTBeHHoro BM8WST8IlbCTBa B 3KOHOM"KY, npeAynpe>KAaIl" 06 onaCHOCT" 4p83MepHoVl 3ap8rynVlpoBaHHOCT\.1 X03r1V1CTSa, KOTopaH H838M8THO AIlH 8e nocIl8AoBaT8neVl B8p,eT K TOTanvnap\.13MY. M8>K,QY TeM, Kp\.13L-1CHble rlBneHL-1H, HapaCTaBWL-18 B 38n8p,Hb1X cTpaH8x H8 npOT">KeH"" 1920-x roAOB (no nporH03aM HeOKIlaCC"KOB, OH" BOT-BOT AOIl>KHbl 6b1Il" paCCOCSTbC"), BbIIl"Il"Cb B rpaHA"03Hbl" no CBO"M MaCWTa5aM " rIly5"- He M"POBO" 3KOHOM"4eCK"" KP"3"C «<BeIl"KYfO AenpeCC"fO») 1929-1933 rr BMeCTe C KpIr13\.1COM X03HCTB8 H8cTynL-1Il KpIr13\.1C \.1 ML-1KP03KOHOMIr1Y8CKO T80- p\.1L-1, B 48CTHOCT\.1, H80KJl8CCL-148CKOro H8npaBIl8HIr1r1 K8K ee c8PA1\8BVlHbi. Ha aBaHCl!eHY 3KOHOMVl48CKO MbJCIlIr1 nOp,HIr1M8eTCH HOB08 H8npaBne- HIt18 HaYYHoro aH8I1L-13a - KeL1HClltaHCTBO, nOCT8BIr1BWe8 B l!8HTP BHL-1MaH\.1H np06IleMbi MaKp03KOHOM"K". BbIW8AWa" B 1936 r. KH"ra BblAafOll1erOC" aH- rn""CKoro 3KOHOM"CTa AJKOHS Mei1HSPAa Kei1Hca (1883-1946) «051l1a" Te- OP"" 3aH"TOCT", npO'1eHTa " AeH8r>' npO"3BeIla nOAn"HHYfO peBoIl fO '1"fO B 3KOHOM\.148CKO T80pL-1V1 VI p,aIla OTBeTbl H8 MHOrL-18 Bonpocbl, KOTopble He Mornlr1 6blTb P8W8Hbi B paMK8X TOIlbKO MIr1KP03KOHOML-1yeCKoro 8HaIlH38 (CM. nOAP06Hee rIl. 18, 26). K8V1HC OTK83aIlCri OT rn8BHoro nocTYIl8T8 HeoKIlaCCV1yeCKoro YY8HL-1H - «38KOHa pbIHKOB» C3H - \t1 BbIBOA\t1MOI71 1-13 H8ro CPOPMYIlbl pblH04HOro M8X8- H"3Ma KaK "AeanbHO" caMoperYIl"PYfOll1e"C" C"CTeMbl. AB"raTeIleM 3KOHO- MIt1K\.1, no MH8HL-11O K8V1Hca, HBIlH8TCri He npeAIlO>K8HL-18, 8 cnpoc, \.1 \.1M8HHO OH BblcTynaeT pewafOl11"M cpaKTopOM PS3B"T"" npO"3BOACTBS " npeAIlO>Ke- H\.1H. AIlH nOBblweH\.1H cOBoKynHoro cnpOC8 KeHC P8KOM8Hp,OBaIl Ir1CnOIlb- 30BaTb HaIloroBo-6fOA>KeTHYfO " KpeA"THO-AeHe>KHYfO nOIl"T"KY rOCYAap- CTBS. B ASIlbHe"weM 3Ha4"TeIlbHbl" BKnaA B pa3pa50TKY TeOpeT"4eCKO" CV1CT8Mbl KeHca BHeCIlVl 8Mep\t1K8HCKL-18 Y48Hbl8 311BlltH XaHceH, nOl1 Ca- MY3IlbCOH, aHrIl""CK"" 3'OHOM"CT AJKOH XHKC " APyr"e. Ke"HC"aHCK"" nOAXOA K MeXaH"3MY CPYHK'1"OH"POBSH"" 3KOHOM"K" "MeIl 60IlbWO" ycnex C KOH'1a 1940-x " AO 1960-x rr., Kama OH CTaIl nOA- B8praTbCri KpL-1n1Ke CH8yaIl8 co CTOpOHbl MOH8T8pIt1CTOB, 8 38T8M CO CTOpOHbl np8ACTaB\.1T8Il8L4 HOBO Kn8CCL-14eCKO M8Kp03KOHOMI-1Y8CKO T80pL-1\t1. MOHeTapH3M np8ACT8BIlrl8T c060 T8K08 T848HI-18 3KOHOML-148CKOVI MbIC- nlr1, KOTopoe CT8B\.1T p,8HbrL-1 B l..\8HTP M8KP03KOHOM\.1yeCK0L4 nOIlHTV1KL-1, OTBOAri L-1M peW81OU\YID pOIlb B KOIl868T8IlbHOM ABVI>KeHVlIr1 Hal!L-10H8IlbHOro X03r1- CTB8. MOH8T8pV1CTCKIr18 KOHl!8nl\L-11r1 nocnY>KL-1nlr1 OCHOBOVI KP8AVITHO-A8H8)\{HOVt nom-1T1-1, K\.1 VlcnOIlb3Y8MOVt B K848CTBe B8)\{HeVlwero HanpaBIl8HL-1H rOCYA8p- CTBeHHoro perYIl"pOBaH"" 3KOHOM"K" (CM. rn. 20). 3aAa4a rocYAapcTBa B 06Il8CT\l1 ynpaBIleH\.1s:J. 3KOHOML-1K0t1 CBop,VlTCrI, C TOYKIr1 3p8HVlH COBp8M8HHbiX MOHeTapL-1CTOB, K KOHTpOIlIO H8A 3MVlCCL-18V1 p,8Her L-1 p,eHe)\{HOVl M8ccoill, p,OC- T">KeH"fO c6aIlaHC"pOBaHHOCT" rocYAapcTBeHHoro 6fOA>K8Ta, YCTaHOBIleH"fO BblCOKoro KpeA"THoro 6aHKOBCKoro npO'1eHTa AIl" 50pb5bl C "HcpIl"'1"e". 384aTK\.1 L-1A8V1 MOH8T8pL-13M8 npocM8TpHB8IDTCTI 8U\e B 3KOHOM\.148CKL-1X Y48H""X ApeBHOCT" " B "BHOM B"Ae np"cYTcTBYfOT Y MepKaHT"Il"CTOB. 42 npeoMem U Memoo 3KOHOMU'-IeCKOU meopuu OnpeAeIleHHble 3IleMeHTbi MOHeTap"CTcKoro nOAXoAa B"AHbl " B pa60Tax aH- rIl""CK"X KIlaCC"KOB. CcpopMyn"pOBaHHs" WOTIlaHACK"M cp"nOcocpOM ASBH- AOM 10M OM (1711-1776) KOIl"4eCTBeHHS" TeOp"" AeHer, CB"3bIBaBWS" ypo- B8Hb l\eH C 06b8MOM p,8H8>KHOVI M8CCbl B CTP8H8, nOIlYYItIIl8 nOAA8p>KKY, B 48- CTHOCT", CO CTOpOHbl A.P"KapAO. Ho B COBpeMeHHOM B"Ae KOH'1en'1"" MO- HeTap"3Ma Ha"60Ilee "PKO Bblpa>KeHa B pa60Tax IlaypeaTa H05eIleBCKO" npeM"" no 3KOHOM"Ke 3a 1976 r. npocpeccopa 4"Karc,oro YH"BepC"TeTa MHIlToHa <l>pHAMeHa (POA. 1912). AOCTL-1>KeHHfI <1>plr1AM8H8 B 06Il8CTV1 MOH8T8p\t13M8 T8K \t1J1\t1 L-1H8ye CBH3aHbi C KpIt1TIt1Y8CKL-1M 8H8IlL-130M TeOpL-1\r1 K8a1tHC8 \.1 8ro nocIl8AOB8T8J18V1, HCXOAHBWLt1X "3 nOIlO>KeH"" 0 HeCYll1eCTBeHHOM BIl""H"" AeHer HS 061l1"e pacxoAbl, nOTpe6- IleH"e, '1eHbl " y5e>KAeHHOCT" B Hecnoc05HOCT" pbIH04H0i1 3KOHOM"K" aB- TOMaT"4eCK" A05"TbC" nOIlHo" 3aH"TOCT" " cTa5"IlbHOCT" '1eH. Kp"mKY" 3T" nOIlOeH"", <Pp"AMeH B '1eIlOM pRAe CBO"X pa60T, B TOM 4CIle no «MOHeTapHO"» "CTOP"" CWA, nOKa3an, 4TO Bce KpynHble "3Me- HeHV1f1 X03HVlCTB8HH0l71 )\{L-13HV1 CBH3aHbl, npe>KA8 BC8ro, C A8H8)\{HbJML-1 VlM- nYIlbCaM", 3M"CC"e" AeHer. «X03""CTBO nIl"weT nOA AYAKY AOIlIlapa, no- BTopeT ero TaHe'1», - TaK 05pa3Ho CCPOPMYIl"pOBaIl rnaBHbl" BblBOA CBO"X HccIleAOBaH"" <Pp"AMeH. nOIlO>KeH"" MOHeTap"CTOB OTHOC"TeIlbHO He3cpcpeKT"BHOCm AeHe>KHO" nOIl"T"K" B KpaTKOCp04HOM nep"OAe 5b1Il" nOABeprHYTbl Kp"T"Ke CTOpOH- HHK8MH HOSOH Kl1aCcw..,ecKoVi MaKpo3KoHoMH'"tecKoVi TeOpIitH. 3T8 H8Y4- Ha WKOIlS CCPOPM"pOBSIlacb B 1970-e rr. B pe3YIlbTaTe np"MeHeH"" np"H- u.\.1nOB ML-1KP03KOHOML-1Y8CKOrO 8H8Illt138 K ccpep8 M8Kp03KOHOMHKL-1. HOBbIe KIlaCC"K" BbIAB"HYIl" r"nOTe3Y paLlHOHaIlbHblX O>KHAaHHi1 (CM. rn. 23, 26), 3a KOTOpyfO ee aBTOp - Po5epT flYKSC (POA. 1937), npocpeccop 4"KarcKoro YH"BepC"TeTa, - YAOCTO"IlC" H06eIleBcKo" npeM"" no 3KOHOM"Ke 3a 1995 r. CorncHo ASHHO" r"nOTe3e, 5YAYll1"e '1eHOBbie O>K"ASH"" "BIl"fOTC" 4pe3- Bbl4altlHO B8>KHbIMH MOT!.1B8MV1 nOB8AeHJ.1H Anfl BC8X, KTO npL-1HL-1M88T 3KOHO- MH48CKL-18 peW8H\.1r1: AIlri KOMn8HL-1V1, OpraHL-138l!V1V1 L-1 A8)\{8 AIlH OTA8IlbHbiX ceM8V1. .0.0 3TOro C4L-1T8IlOCb, LITO nOAo6Hbl8 P8W8Hlllfi 3KOHOM\t1Y8CKL-1X Cy6b8KTOB CTpOHTCfI H8 np0lr13BOIlbHOVt !.1J1\.1 CT8THyeCKOVl OCHOB8. T8K, 0)f{L-1- AaeMbl" ypOBeHb '1eH paCCMSTp"BaIlC" KaK npaKm4eCK" He"3MeHHbl". f"- nOT838 pal!\IIOH8IlbHbIX 0>KL-1A8H\.1V1 n03BOIlLt1Ila nOCTOHHHO 3arnHAblB8Tb Bn8- peA" COOTHOC"Tb 3T" O>K"AaH"" C "3MeH"fOll1e"C" "HcpopMa'1"e". E8 OAHL-1M B8)\{HbiM HanpaBIl8HL-1eM cOBp8MeHHoro 3KOHOM\.1Y8CKOro H8IlH38 HBIlH8TCri TeOplitH 3KOHOM\.1KIo1 npe,Q110>KeHIo1H, 38B08B8BW8H nony- pHOCTb B 1970-1980-e rr. B"AHe"W"M ee npeACTaB"TeIleM "BIl"eTC" aMep",aHCK"" 3KOHOM"CT ApTYP flscp,*,ep (POA. 1941). nO"BIleH"e TeOp"" 3KOHOM"K" npeAIlO>KeH"" 5blIlO 06ycIloBIleHo cepbe3HbiM 'P"3"COM rocy- AapcTB8HHoro p8rYIlHpoBaHMfI pblHOYHOL4 3KOHOMHKL-1 Ha OCHOB8 K8V1HCL-18HC- x pe'1enroB, KOTOpbl" C nOIlHo" C"IlO" npO"B"nC" B Ha4aIle 1970-x rr. 3a- AH8f1 3KOHOML-1yeCK8H Mblcnb n8p8wIla K aKTViBHOMY nOMcKY HOBblX M8TO- AOB 03AOPOBIl8HL-1H 3KOHOMHKIr1, KOTOpbI8, K8K CT8IlO HCHO B A8IlbH8L4W8M, 43 
Inasa 2 onltlpam.1Cb rIl8BHb1M 06pa30M Ha H80KIlaCCItIY8CKItI8, B yaCTHOCTL-1, H8 MOH8- Taplt1CTCKItI8 B3rIlHAbi L-1 nOp,XOp,bL _ B C8MOM H83BaHL-11t1 TeOp1tl1tl - «3KOHOM\t1K8 np8AIlO>K8HItIH» - aBTopbl npo TItIBOnOCTaBflHIOT ee K8CiHC\.18HCTBY, KOTopoe m8BH08 BHlttM8Hltt8 YAenfl8T P8- ryIl"POBSH"fO cnpoca. C "X T04K" 3peH"" nacpcpeps " ero CTOPOHH"KOB, pe- wafOl11"M cpaKTOpOM 3KOHOM"4eCKOro PS3B"T"" "BIlReTC" He cnpoc, a npeA- J10>KeHltte. OAIo1H 1t13 OCHOBHblX nOCTYIl8TOB TeOpVlL-1 «3KOHOM\IIKL-1 npeAIlO>K8HHH» - YM8HbW8HL-18 BM8W8TeflbCTBa rocy,o,apCTBa B 3KOHOMItI4eCKL-1e npOl..\eCCbl ItI CT"MYIl"pOBaH"e 4aCTHO" "H"'1"ST"Bbl " npeAnp"H"MaTeIlbCTBa. Oc05a" pOIlb np" 3TOM OTBOA"IlaCb rOCYAspCTBeHHblM cp"HaHcaM: YMeHbWeH"fO HaIlorOB, COKpall1eH"fO rOCYAapCTBeHHblX paCXOAOB, YMHbWeH"fO KOIl"4e- CTBa AeHer B 05pall1eH"" C nOMOll1bfO COOTBeTCTBYfOll1e" nOIl"T"K" B 05IlS- CTL-1 roCyp,8pCTB8HHOro Kp8p,ItITa. nOIlO)\{eH\t1H \II BblBOAbl T80p8TL-1KOB 3K<:HO- MItIKH npeAIlmK8Hlttfl CTaIlItt OAHItIM 1t13 Ba)\{HblX 3IleM8HTOB nOIlL-1TVlKItI «8L-1ra- HOM"K"» B CWA B 1980-e roAbl npOWIloro BeKa, B paM,ax KOTOPO" npo- L-130WIlO pe3K08 YM8HbW8Hltt8 CTaB?K nOAoxoAHOro aIlora. OC0608 M8CTO B COBpeM8HH0V1 3KOHOMJ.148CKOItI TeOp\.1L-1 38HL-1M88T HH- CTHTyu.HOHal1bHO-COLl,HOnOrH'4eCKOe HanpaBneHHe, npeACT8BL-1T8IlHMH KO- TOpOro "BIl"fOTC" TopcTei1H Be5IleH, A>KOH KOMMOHc, Y3CIlH MHT4eIlIl, A>KOH r3Il5pe"T. CBoe "M" 3TO Te4eH"e nOIlY4"IlO OT HS3BaH"" KH"r" A>K. KOMMOHca «II1HCT"TY'1"OHanbHa" 3KOHOM"Ka», BblweAwe" B 1924 roAY B HblO-1I10PK8. OAHaKo OCHOBaT8fl8M ItIHCTL-1Tyu,L-10HaIlbHO-C O l..\\I10flOrV148cKoro HanpaBneH"" C4"TaeTC" T. Be6IleH (157-1929), AOKTOp CPHIlOCOCP"" "3 eIlbCKoro YH"BepC"TeTa, BbrnYCT"BW"" B 1899 r. KH"ry «Teop"" npa3AHo- ro KIlaCC8». 6YKB8nbHo T8pMlttH «ItIHCTIttTYl...!L-10HaIlL-13M» npo\l1CXOAL-1T OT nOHfI- T"" «"HCT"TY'1""» (05bI4a", 3aBeAeHHbl" nOp"AoK) " «"HCT"TYT» (nop"AOK, 3aKpenIleHHbl" B cpopMe 3aKOHS "Il" Y4pe>KAeH""). np8ACT8BIH8flL-1 IttHCTItITYl...!ItIOH8flL-13Ma nop,OWflL-1 K L-1cCIleAOB8HItlIO 3KOHO- M"4eCK"X np05IleM C HeTpSA"'1"OHHbIX n03"'1"". no CYll1eCTBY, "X MeTOA HB\I1IlCfI peaKl...!Vl8V1 H8 M8TOp, KIlaCCV14eCKO L-1 HeOKfl8CCL-1Y8CKOVl WKOfl, L-1CXO,D,- HblM nYHKTOM KOTOpOro 6blIl Y>Ke \.13B8CTHbIVl HaM 1t13 rIl. 1 «yenOB8K 3KOHO- MV1yeCKHVI». V1HCTItITYl..\ItIOH8IlHCTbl npeAIlO)\{\I1IlItI ItICCnep,OB8Tb yeIlOB8K8 He L-130n\.1pOBaHHoro, 8 B 38SL-1CItIMOCTL-1 OT ero Cp8p,bl. nO:nOMY «Y8IlOBeK8 3KO- HOML-14ecKoro» OHItI 38MeHflIOT «Y8nOB8KOM cou,L-10IlOrltlyeCKL-1M», H8XOAflLl.\ItIM- CfI B l..\eHTpe COBoKynHOCTL-1 06li.\eCTBeHHbIX OTHOW8HItIVI, ItIIlL-1 «yeIlOSeKOM B KOHKpeTHol71 CItITY8l...!L-1It1». 3Ta CIHY8l..\ltIfI, no MHeHltl10 L-1HCTItITYU,L-10H8Il\l1CTOB, COCTOItIT, rIl8BHblM 06. p830M, 143 VlHcn1TYTOB B C8MOM WL-1pOKOM CMblCfl8 3Toro Cn?B8, 1. e. 1t13 CO- BOKynHocTVI nL-1C8HbIX L-1 HenltlC8HbiX 38KOHOB ItI YCTaHOBIleHL-1\.1, KOTOpblX np\l1- Aep>K"BSfOTC" X03""CTBYfOll1"e cy6beKTbi KaKoro-Il"60 co051l1eCTBa, " "3 CO- BOKynHocTH opraHOB, yype>KP,8HL-1Ci, COl..\J.10IlOrL-14eCKL-1X ItIIlItI 8p,ML-1HH9TP8TVlB- HblX rpynn, KOTopble COAe"CTBYfOT CPOpM"pOBaH"fO CTPYKTYPbl 3TO" cpeAbl. nOA Py5p"KY "HCT"TYTOB nonaAafOT TaK"e "BIleH"", KaK roCYAapCTBO, ce- Mb", MopaIlbHble " npaBOBble HOpMbl, KopnopS'1"", npocpCOf03bl, pa3n"4Hble 44 npeOMem U Memoo 3KOHOMUyeCKOU meopuu 3KOHOML-1yeCKI.18 s:lBIl8H\t1s:1 L-1 MeXaHL-13Mbl. CIO,qa )\{e MO)\{HO OTH8cn1 06Ll.\e- CTBeHHoe MHeH"e, MOAY, Bblcwee 05pa30BaH"e, cB060AHoe npeAnp"H"Ma- TeflbCTBO, Y8CTHYIO c06CTBeHHOCTb, Kpe,QHT L-1 1. A. MeTOA ItIHCTlr1TYl...!!.10H8IlbHO-COll,vlOnOn14eCK0L4 WKOflbl YYHTblB8eT Op,HO- Bp8M8HHO L-1 3BOIllOlI,HIO VlHcn1TYTOB, Vl3MeHHIOLl.\YIO YCIlOBL-1H X03HL4CTB8HHOVI >K1r13HL-1, V1 BflVlflHItI8 3KOHOML-1KH H8 C8M\I1 3TItt L-1HCn1TYTbl. B nOCIleB08HHblVl nepHO,q «4\.1CTbIVl» Io1HCTL-1Tyu,HOHanL-13M noweIl H8 y5blIlb. 1113 OTAeIlbHoro Te4eH"" "HCT"TY'1"OHaIl"3M npeBpaT"IlC", C OAH00 CTOpOHbl, B 3IleMeHT 3KOHOM"4eCKO" TeOp"", C APyro" - B MeTOA 061l1ero 8H8IlVl3a npOl...!eCCOB L-1 cp,BV1rOB B pe8IlbHOVl 3KOHOM!.1Y8CK0L4 CV1CT8M8. Ko BTOPOMY CIlY4afO MO>KHO OTHeCT" cospeMeHHbli1 HeOHHCTHTY'1HOHaIlH3M, B p8MK8X KOTOpOro S03HL-1KIl8 3KOHOMV14eCK8H TeopV1H npas C06CTB8HHOCTL-1 (POHSIlbA KOY3, CWA), TeOp"" 3KOHOM"4eCKO" OpraH"3a'1"" (POHaIlbA KOY3, OIlHsep YHIlbflMCOH, CWA), TeOp"" 061l1eCTBeHHoro Bbl60pa (AJKei1Mc DbIOKeHeH, CWA) " AP. HeO"HCT"TY'1"OHSIl"3M xapaKTep"3yeTC" OTXOAOM aT a6COIlfOT"3a'1"" TeXH"4eCK"X cpa'TOpOB " np"AaeT oc050e 3Ha4eH"e POIl" TpaHCaK'1"OHHbIX H3Aep>KeK ("3Aep>KeK pbIH04HO" KOOPA"Ha'1"" npO"3BOACTBa - nOAP05Hee a H"X CM. rn. 4, 9). Ha KOH'1enryaIlbHo" OCHOBe TpaHCaK'1"OHHbIX "3Aep>KeK 5blIla CCPOPMYIl"pOBaHa HOBa" pOIlb npSB C06CTBeHHOCT" B MeXaH"3Me CPYHK'1"OH"pOBaH"" " pa3B"T"" pblH04HOro X03""CTBa, AaH OTBeT Ha Bon- pac, 3a4eM HY>KHa cp"pMa, eCIl" eCTb pbIHOK, pa3pa60TaH P"A APyr"X "HTe- p8CHbiX npo6Il8M X03HL4CTS8HHOVI >KL-13HL-1. TeopHS1 06u.-eCTBeHHoro Bbl6o- pa !.1CCn8,o,Y8T B38L-1MOCBH3b 3KOHOMH48CKItIX L-1 nOIlV1H14eCKHX HBIl8HL-1V1 (CM. rn. 17). 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B 1I,8nOM H8 npOTH>K8HHVI XX B8K8 B 3KOHOMHY8CKOVI TeOpL-1L-1 CIlO>KL-1IlOCb rocnop,CTBYIOli..\8e nOIlO)\{8HH8 T8K H83blB88MOro «OCHOBHOro T848HL-1H» (mainstream). 3n1M TepM\IIHOM npL-1HHTO H83blB8Tb H80KIl8CCL-14ecKYIO T80- P"fO, B TOM COBpeMeHHOM ee B"Ae, KOTOpbl" Ha"50Ilee OT4eTIl"BO npeA- CTaBIleH B 3apy6e>KHblX CTaHAapTHblX Y4e6H"KaX " p"Ae BeAYll1"X TeOpeT"- 48CKHX >KYPH8IlOB no 3KOHOML-1YeCKO TeOp\l1l.1. O,QHaKO CIle,qY8T OTM8TItITb, 4TO «OCHOBHoe TeYeHL-18) H8 CBOAL-1TCfI TOIlbKO K cpYHA8M8HTa.nbHbIM nOIlO- >KeH\.1HM HeOKnaCCL-1KItI. Ba)\{H8V1W8H OC068HHOCTb mainstream COCTOL-1T B ero cnoc06HOCTH Bm1Tb1B8Tb S c86H, p,enaTb CB08V1 COCT8BHOVI yaCTblO BblAep- >KaBW\.18 npoBepKY Bp8MeHeM nocTYIl8Tbi K8I71HcVlaHcTBa, H80KeVlHCL-18HCTB8, HeO"HCT"TY'1"OHaIl"3Ma " AP. AocTaT04Ho CpaBH"Tb 5-e "3ASH"e W"POKO 3B8cTHoro yye6H!.1K8 n. CaMY3nbcoHa «3KOHOMVlK8», nep8s8,q8HH08 H8 45 
rnasa 2 PYCCK"" "3blK B 1964 r., " 16-e ero "3AaH"e (B coaBTopcTBe C B. Hopxay- COM) BblweAwee B POCC"" B 2001 r. B nepBOM "3 Ha3BaHHbiX "3AaH"" OT- CYTCBYfOT TaK"e KSTerop"", KaK HeCOCTO"TeIlbHOCTb (cp"aCKO) bIHKa, Teo- peMa KOY3a, TeOp"" 051l18CTBeHHoro Bb160a " APyr"e Ba>KHe"W"e nOH"- n1f1 H80\l1HCT\I1TYL\VlOH8J1bH0L4 3KOHOMVl48CK0lt1 T80pVlL-1, BOW8AW\.18 B nOCJ1e- AHee "3AaH"e Y4e5H"Ka, C4"TafOll1eroc" 06pa3'10 M <OCHOBHOro HanpSBIle- HL-1f1» B npenOAaB8HV1\.1 COBpeMeHHOL-1 3KOHOML-148CK0L-1 H8YKVI. TaKVlM 06p830M, COBp8M8HH8s:! 3KOHOMIt148CK8f1 T80pL-1H He HBIlfl8TCH Ha- 60pOM p83 L-1 H8BcerA8 YCT8HOBIl8HHbiX 810 38KOHOB V1 T80p8M, 8 Ir1CKJ1104L-1- T8J1bHO rL-16K\.1M L-1 nOCTOHHHO COBepW8HCTBYIOL.l..\\I1MCH If1HCTPYM8HTOM n03H8- H\I1f1, cnoc06Hb1M AaB8Tb OTB8Tbl H8 BonpOCbl, B03H\t1K81OL.l..\Vl8 np\.1 \I1CCIl8AO- BaH\I1V1 p83J11f14Hb1X 3KOHOM\I1Y8CK\I1X CVlCT8M. OCHOBHble nOHHTHH: MIf1Kp03KOHOMIf1Ka MaKpo3KOHOM\t1Ka n03It1TL-1BH851 It1 HopMaTIt1BHa5t 3KOHOM\I14eCKa51 Teoplllfl 3KOHOML-14eCKafi nonL-1T\t1Ka AHam13 III C\I1HTe3 Ii1HAYK'1"" " AeAYK"" AH8n0n1H 3KOHOMIIIyeCK\I1e MOAenlll ct>YHKl.\1r10HanbHbl aHanVl3 MepK8HT\I1n\.13M ct>1r131t10KpaTbl KnaCC\I14eCKafi WKon8 npVlHl.\lIIn «laissez - faire» HeoKnaccw..lecKa51 WKona M8p>KIIIHanVl3M KeHC\I1aHCTBO MOHeTap\l13M HOBa51 KnaCC\l1l-1eCKa51 3KOHOMIt14eCK851 T80p\l151 Teop\t151 3KOHOMIIIK\I1 npeAnO)\{eH\I1f1 HCT\I1TYL\VlOHan\l13M HeOIllHCTlt1TYL\\I10HanVl3M «QcHoBHoe TeyeHlt1e» microeconomics macroeconomics positive and normative economics economic policy 8n81ysis 8nd syntheses induction and deduction snalogy economic models function81 8nalysis merc8ntilism physiocrats classic81 school laissez - faire principle neo-classic81 school marginalism keynesianism monetarism new cl8ssical economics supply-side economics institutional economics neo-institutional economics mainstream 46 OCHosHbie 3aKOHOMepHocmu 3KOHOMU4eCKOU opaaHU3BI..{UU 06U4ecms8 rnasa 3. OCHOBHE3AKOHOMEPHOCT 3KOHOM4ECKOLil OprAH3AU OEiLllECTBA «(Hac U3ZHanu U3 paR, Mbl nuweHbl SeYHOU )f(u3HU U Heo- zpaHU4eHHbiX 6naz. Ecnu Mbl 4mo.mo Sbl6upaeM, Mbl SbIHY)f(- aeHbl omKa3b/sambCR om apy- zux sell..(eu, om KomopblX s UHblX o6cmORmenbcmeax Mbl 6bl He omKa3anUCb». flauoHen Po66uHC AIl" Taro, 4T05bl OCYll1eCTB"Tb CBO" Bbl60p B M"pe OrpaH"- 4eHHbiX pecypCOB, X03""CTBeHHble cy6beKTbi AOIl>KHbl paCnOIlaraTb He06xo- AMO" "HcpopMa'1"e" 0 TOM, 4TO, KaK HAIl" Koro npO"3BOA"Tb. BbIAeIl8H- Hbl8 CIlOBS CPOPMYIl"PYfOT TP" OCHOBHblX 3aAS4", KOTopble AOIl>KHbl peWaTb- CR B Ilf050M 051l1eCTBe. LITO npOlil3BOAIiITb - 3TO np"H"T"e peWeH"" 0 TOM, KaK"e "MeHHO 6Il8ra, K8KOrO K8YeCTBa, B K8KOM KOIllf1Y8CTB8 AOJ1)\{Hbl 6blTb np0!.13B8A8Hbl. KAK npOlil3BOAIiITb - 3TO np"H"T"8 peWeH"" 0 TOM, C nOMOll1bfO KS- KIt1X orp8HH48HHbiX P8CypCOB L-1 L-1X KOM6!.1H8l!V1V1, C nOMOll!blO KaKL-1X T8XHOIlO- r"" 5YAYT npO"3BeAeHbl 5Ilsra. j:\flfl KOrO npO"3BOA"Tb - 3TO np05IleMa, CB"3aHHa" C pacnp8AeIleH"- eM 6Ilar: KOMY AOCTaHYTCH np0L-13BeA8HHbI8 6Ilara VI B K8KOM KOIllt14eCTS8 5YAeT pacnoIlaraTb "M" 3KOHOM"4eCK"" cy6beKT. HaCTO"ll1S" rnSBa " 5YAeT nOCB"ll1eHa xapaKTep"CT"Ke OCHOBHblX KaTero- PH" 3KOHOM"4eCKO" OpraH"3a'1"" 061l18CTBa, KaK"M 5bl H" 6blIlO ero CO'1"aIlb- HO-nOIl"T"4eCKOe YCTPO"CTBO. AIl" Taro, 4T06bl pa305paTbC" B 061l1"X 3aKOHO- MepHOCTHX 3KOHOM\I148CKOVI )I{!.13HIII, H806xOAVIMO paCCMOTp8Tb T8K\.18 Ba>KH8V1- w"e nOH"T"", ,aK npO"3BOACTBO, 5Ilsrs, nOTpe6HOCT", 06MeH, aIlbTepHS- TL-1BH8s:1 CTOHMOCTb It1 AP., n03BOIls:!IOLl.\lo1e YCBO\.1Tb 83bl 3KOHOMVl48CK0L4 H8YKL-1.  1. npOIil3BO,QCTBO iii 3KOHOMIiIKa 7IBIlHIOTCfI IlL-1 TepMIt1Hbl «np0It13BOACTBO» V1 «3KOHOML-1K8» CVI- HOHVlM8M\.1? 3TOT Bonpoc nOCT8Bn8H He CIlY48V1HO. H8 >KL-1T8I71CKOM, 06b1A8H- HOM ypOBHe npVlHHTO CYV1T8Tb, 4TO np0lt13BOACTB8HH8H A8sn8nbHOCTb Y8IlO- 47 
inasa 3 B8K8 - 3TO L-1 8CTb 3KOHOML-1Ka, 3KOHOMw.18cKaH >K1tI3Hb IlIO,Q811t. III CIl8,QyeT IlOrltlLJeCKIilVI BbIBO,Q: 3KOHOML-1LJeCKafi HaYKa V13YLJaeT npm13BOACTB8HHYIO, XO- 3HVlCTBeHHYlO ,QeHTenbHOCTb IlIO,D,8L4 B pa3nt.-14HbIX L-1CTOpL-1yeCKL-1X YCIlOBL-1HX. TaK"e paCCY>KAeH"R He BnOIlHe KoppeKTHbl. Pa3YMeeTC", TPYAHO ocna- pV1B8Tb YTB8p>K,QeHItI8, 4TO ,QeHT8IlbHOCTb IlIO,QeL4, CBfl3aHHaH C npOIll3BO,Q- CTBOM pa3Ho06pS3HbiX 5Ilar, CYll1eCTBOBsna " B nepB05bITHOM, " B pa50B- Il8,QeIlbl.J8CKOM 061.l..J.eCTB8. OAH8KO C06CTB8HHO 3KOHOMUKU T8M He 6bIIlO. npO"3BOACTBO MaTep"aIlbHblX 6Ilar, Hanp"Mep, B pa60BIlaAeIlbyeCKOM 06- ll1eCTBe, np" KpenocTHoM npaBe, B CTaIl"HCKYfO 3noxy B CCCP 5blIlO OCHO- B8HO H8 H8CV1Il\.1V1, npL-1HY>KAeHH\.1, Ha T8X MeTOAax, KOTopble npHHHTo H83bl- BaTb 6He3KOHOMU4eCKUMU. 3KOHOML-1K8 )\{e nOHBJ1HeTCfI TaM VI TorAa, rAe V1 KorA8 npoH3BO,QCTBO perYIllo1pyeTcfI Mex8HVl3M8MI-1, KOTopble OCHOB8Hbi H8 l..\eHoBbiX CL-1rH8IlaX, 1. 8. KOIle68HL-1HX pblHOLJHblX l!eH, ,Q!.1HaMIt1Ke npL-16bJIl8171 L-1 y5blTKOB " T. n. Bce 3TO - aTp"6yrbl pblH04HOro X03""CTBa. CIleAOBaTeIlbHO, CTpOro roBOpH, 3KOHOMV1Ka - 3TO CHHOHV1M He C110Ba «npOIll3BOACTBO», a CHHOHV1M nOHflTV1f1 «pbIHO......Hoe X03HVlCTBO». 4aCTO BCTpeLJalOLl.\!.1eCH BbJpa- >KeHV1f1 «3KOHOMV1K8 n8pB06blTHOro CTPOH», «CP80A8IlbH8f1 3KoHOMV1Ka», «3KOHOMHK8 B08HHOro KOMMYH\II3M8», «COLl,It18IlL-1CTlilyeCK8H 3KOHOMHKa» It1 1. n. OCHOB8Hb1 H8 OTO)!{jJ,8cTBIleHHL-1 nOHHTL-1L4 «np0It13BOACTBO» L-1 «3KOHOMV1K8». 3TIt1 CIlOBOC04eTaH\.1f1 CTam1 nplllBblLJHblMH III H8 BbI3bIBalOLl.\!.1MIII COMH8HL-1V1 B Ir1X TeOpeTV1LJeCKOC1 npaBoM8pHOCTV1. Ho ,Q8IlO He TOIlbKO B TOM, 4TO AnH MHorV1X IlIOAeVi CIlOBa «3KOHOMHKa» H «np0It13BOACTBO» 03H8Y81OT O,QHO ItI TO >Ke. Hawe pa3rp8HV1LJ8HL-1e sn1X KaTeropHVI OCHOBaHO Ha nO,QXOA8, CBOVl CTB8HHOM nOHV1M8HV11O np8AM8Ta 3KOHOML-1LJ8CK0L4 TeOpJ.1V1 KaK HaYKL-1 0 pbl- H04HOM X03HlltCTB8. «lIIcTop!l1f1 3KOHOML-1LJeCKOVl MbICIlIt1, - OTMe4a8T L-13B8CT- HblVl 8HrIlL-1V1CKL-1i11 3KOHOML-1CT MapK 5n8yr, - H8 LJTO V1Hoe, K8K !.1CTOpV1H H8- WV1X nonblTOK nOHHTb ,Q8V1CTBL-1e 3KOHOML-1KIII, OCHOBaHHOL4 H8 pblHOLJHblX on8- P8L1,V1HX».1 OTKpOVlT8 Il1060Vl YY86HV1K COBpeMeHHblX 3an8,QHblX 3KOHOML-1C- TOB, - \II Bbl CP83Y YB!.1AIIIT8, 4TO 4L-1T8TeIlIO 06bHCHHIOT TaKH8 K8TeropVlL-1, K8K pbIHOK, pblH04Hbl" cnpoc, npeAIlO>KeH"e, '1eHa " T. n. OAHaKO, eCIl" ell1e pa3 BepHYTbCfI K onpeA8Il8HHIO npeAMeT8 3KOHOMH48CKOali TeOpltl!.1 K8K HaYKe a 6b1- 60pe, KOTOpbl" oCYll1eCTBIl"fOT IlfOA" B YCIlOB""X OrpaH"4eHHblx pecypCOB, TO MO>KHO COrnaCL-1TbCH C T8M, 4TO np06Il8M8 Bbl60pa B npOl!8CCe X03HL4CTB8HHOVI >KV13HL-1 CTOHIl8 14 CTOHT n8pe,Q IlIOAbMVI npltl J11060M COl!1t18nbHOM YCTpOVlCTBe. C 3TOilt TOl.JK!.1 3P8HV1s:1 Mbl !.1 MO>KeM roBOpHTb 06 3KOHOMIo1Ke ItIHbIX, 8IlbT8p- H8TV1BHbIX pblHOLJHOMY X03s:1V1CTBY CIllCTeM. nO,Qp06Hee 0 nOHHTllllt1 pblH04HOro X03HCicTBa, 8 T81OK8 MeXaHIr13M8 PbIH- Ka pe4b nO"AeT B rn. 5-7. OAHaKo 3Ha'OMCTBO C KaTerOp"e" npO"3BOACTBS B Ha"50nee 061l1eM B"Ae npeACTO"T Ha ,QaHHoVl cTyneHL-1 8H8J1L-138. npO"3BOACTBO MaTep"aIlbHblx 6Ilar - OCHOB8 >KL-13HL-1 4eIlOBeK8 L-1 06Ll.\8CTBa. Ho np0L-13Bo,QCTBO - 3TO H8 6\.10IlOrV14eCK!.1L4 npo- 48 , 6Ilayr M. 3KOHOM!.1'-1eCKaR MblCIlb B peTpOCneKT!.1Be. M., 1994. C.5. OCHOBHble 3aKoHoMepHDcmu 3KOHOMUyeCKOU op2aHU3auu 06lL{ecmsa u,ecc; OH OTpa>KaeT, Bo-n8pBblx, B3aHMOA8I1tCTBV1e Y8IlOB8Ka It1 nplt1pOAbl, 8, BO- BTOpbIX, B3S"MOAe"CTB"e IlfOAe" Me>KAY c050" B npO'1eCce HX X03""CTBeHHO" AeHT8I1bHOCT". 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BOT n04eMY Bce 4all1e 3KOHOM"CTbl CTaIl" ynoTpe5Il"Tb TepM"H pecypcbl, nOA KOTOPbIM" nOApa3YMeBafOTc" npO"3BOA- CTBeHHble 5Ilars, c03AaHHbie np"pOAO" "Il" IlfOAbM". PeCYPCbl He05xOA"Mbl AIl" C03,QaH"" nOTpe5"TeIlbCK"X 5Ilar, "Il" KOH84HbIX TOBapoB " YCIlyr (OAe>K- Abl, npoAoBOIlbCTB"", >K"Il"ll1a, aBTOM05"Ile", pa3BIle4eH"" " T. A.). Pe3YIlbTaTOM npO"3BOACTBa "BIlReTC" C03AaH"e MSTep"aIlbHblx " HeMaTep"aIlbHblx 5Ilar, YAoBIleTBOp"fOll1"X 4eIlOBe4eCK"e nOTpe5Hocm. AIl" nOHHMaH"" 3aKoHoMepHocTe" npO'1ecca npO"3BOACTBa He05xOA"MO 50Ilee nOAP06HO oxapaKTep"30BaTb KaTerop"" nOTpe5HocTe" " 5Ilar. __Q9Tpe6HocTH LJ8IlOB8Ka MO)\{HO onp8AeIl!.1Tb K8K COCTOHHH8 H8YAOBIl8T- BOpeHHo-e-TI4HIl" HY>KAbl, KOTopoe OH CTpeM"TC" npeOAOIleTb. II1MeHHO 3TO COCTOHHlt1e H8YAOBIleTBop8HHOCT!.1 38CT8BIlHeT LJ8IlOB8K8 npeAnpVlHHM8Tb onpeAeIleHHble YC"Il"", T. e. OCYll1eCTBIl"Tb npO"3BOACTBeHHYfO Ae"TeIlb- HOCTb. KnSCC"CP"Ka'1"" nOTpe5HocTe" OTIlH4aeTCH orpOMHblM pa3H005pa3"- eM. MHorHe 3KOHOMIr1CTbi np8,Qnp1t1HVlM8IlIt1 nonblTKH «p83IlO>K\.1Tb no nonOLJ- KaM!> Bce MHoro05pa3"e nOTpe5HOCTe" IlfOAe". TaK, A. MapwaIlIl, BblAafO- LU,1.H1CH np8ACTaBL-1TeIlb H80KIlaCC\.1LJeCKOIit WKOIlbl, CCblIl8HCb H8 H8M8l..\KOro 3KOHOMHCTa fepM8HH8, OTMe4a8T, 4TO no- Tpe5HOCT" MO>KHO nOAPS3AeIl"Tb Ha a5co- flK)THb18 III OTHOCVlT8IlbHbI8, BblCWH8 L-1 H!.13- LUllle, HeOTIlO>KHble H MorY!.1e 6blTb OTIlO- >KeHHbIMIII, npHMble VI KOCB8HHble, H8CTOH- ll1He " 5YAYll1"e " AP.' B Y4e6HO" 3KOHOM"- 1 MapwaIlIl A. np!.1HLll.1nbl 3KO- HOMW'ieCKO HaYKI.1, M., 1993,1. 1. C.153. 49 4 KYPC3KOHOMI1'-!eC;KO TeOp1111 
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Map- waIlIl onpeAeIl"Il 5naro KaK «>KeIlaeMYfO Bell1b, YAoBIleTBOp" fO ll1YfO 4eIlOBe- 4ecKYfO nOTpe5HocTb». >K.-5. C3" paCCMaTp"BSIl 5Ilsra «KaK peACTBa, KO- Topble Mbl "MeeM AIl" YAoBIleTBOpeH"" HaW"X nOTpe5HOCTe"». A. WTOpX nOAY8pKLilB8J1, 4TO «npL-1roBOP, npovt3HOCL-1Mbl Ha 1 Wlt1M Y>KA8HIr18M HaCyeT nOIle3HOCT" npeAMeToB... AeIlseT "X 5IlarSM"». CBO"CTBO KaKoro-Il"50 npeAMeTa, KOTopoe n03BoIl"eT YAoBneTBop"Tb onpeAeIleHHYfO nOTpe5HocTb 4eIlOBeKa, ell1e He AenaeT ero 5IlaroM. Hs 3TOT cpaKT c06e BH"MaH"e 06- pall1aeT OA"H "3 B"AHe"W"X npeACTaB"TeIle" aBCTp""CKO" WKOIlbl K. eH- rep. TaK, Hanp"Mep, KopeHb >KeHbWeH" cnoc05eH nOAH"Tb >K"3HeHHbl" TO- HYC 48JlOBeKa. Ho nOKa IlIO,QbMIr1 H8 6blIla nOCT8SJleH8 B npU4UHHo-cnea: cmseHHYIO GSfl3b nOTpe6HOCTb B 03AopOBIleH\.1\.1 opraHvt3M8 C u,8JlLilTeJlbHovt C"IlO" >KeHbweH", 3TO paCTeH"e He HOC"IlO xapaKTepa 6Ilara. Apyr"MH CIlO- BaM", cnoc05HOCTb npeAMeTa YAOBIleTBop"Tb KaKYfO-Il"50 nOTpe5HOCTb AOIl>KH8 6bITb OC03H8H8 4eIlOB8KOM. KnSCC"cp"Ka'1"" 6Ilar, TaK >Ke, KaK " nOTpe5HOCTe", OTIl"4aeTC" 50Ilb- WIt1M p83Hoo6p83vt8M. OTM8TL-1M Ba>KH8I11WL-1e H3 HHX C T04KL-1 3peHL-1s:1 p83J1vt4Hb1X KpIllT8pH- eB KIlaCC"cp" Ka '1"". . 3KOHOMH"IeCKHe ..., He3KOHOMH4ec- KHe 5Ilars. C T04K" 3peH"" OrpaH"4eHHOC- T" 5Ilar no OTHOWeH"fO K HaW"M nOTpe5HO- 50 , CM. nOAP06Hee: MeHrep K. OCHOSaHIIITI nOJlIIIH1yeCK0\l1 3KOHO- Mill\!!. ASCTplll!l1CKaTi WKOJla B nOJlIi\T\II. 4eCK0C1 3KOHOMVlIII. M., 1992. C. 39. OCHOBHble 3aKOHOMepHocmu 3KOHOMU4eCKOU op2aHu3au,uu o6ecmBa CTHM Mbl roBOp/.1M 06 3KOHOML-1yeCKL-1X 6Il8r8X. Ho 8CTb J..1 TaKV1e 6nara, KOTO- pble no Cp8BH8HHIO C H8WL-1M!.1 nOTpe6HOCTHML-1 L-1M8IOTCH B H80rp8HV1yeHHOM KOIl"4eCTBe (Hanp"Mep, B03AYX). TaK"e 6Ilara Ha3blBafOT CB050AHbIM", "Il" He3KOHOM"4eCK"M" (CM. nOAP05Hee rn. 5). . DIlsrs nOTpe5HTeIlbcKHe H npoH3BoAcTBeHHble, "Il" 5Ilara np"Mble It1 6.nara KOCB8HHbJ8. 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B AaHHOM naparpacpe Mbl AOIl>KHbl nOA4epKHYTb MblCIlb MHOr"X 3KO0 MHCTOB - HeOKIl8CCHKOB 0 npou3soaumenbHocmu o6MeH8. CMblCIl Bbl 8- eHHbIX CIlOB 3SKIlf04aeTC" B TOM, 4TO 05MeH cnoc05cTByeT YBeIl"4eHfO oraTCTBa 06Ll.\eCTB8. 3T8 L-1AeH He BcerA8 HBIlHIl8Cb 06enpVl3H8HH0L4 T8K CPH3OKP8Tbl C4HT8IlH np0113BOAIr1T8IlbHbiM TOIlbKO TPYA Be. , X03""CTBeHHOM npO"3BOAcTBe. A CM"T" A P eIlbCKO- . . V1K8PAO Cl.JHT8IlH np01r13BOAL-1- ::"" T:OB o:" n:=;"npBCs4%T:,,B": 4epK"Ba HenpO"3BOA"TeIlbHbl" xapaKTep 05MeHa: B 3TO" ccpep A ::4::T,';,IlbHOCT" H"4ero He C03AaeTC", npO"CXOA"T TOIlbO 4:: 3T ",OpMbl CTO"MOCT" Ha TOBapHYfO " Ha060pOT. B CB"3" C o  H80KIl8CCHKH 38A81OT Bonpoc: 8 npaBOMepHO IlH B006Ll.\8 rOBO V1Tb A M M, 4TO 4eIlOBeK C03AaeT MaTepHaIlbHble npeAMeTbl KaK TaKotble? B apwaIlIl nOHCHH8T 3TY MblCIlb CIleAYIOLl.\!.1M 06pa30M: BC8, 4TO 48IlO 5..: MO>KeT CAeIlaTb C cp"3"4eCKO" np"pOAO" - 3TO Il"60 nepeCTpO"Tb (KOM- Ile3POBaTb) MaTep"aIlbHble npeAMeTbl Ta" 4T06bl CAeIlaTb "X 50Ilee no- nOIlobIM", Hanp"Mep, COeA"H"Tb KYCK" AepeBa " CAeIlaTb CTOIl' Il"50 pac Ilee >K"Tb MaTep"SIlbHble npeAMeTbl TaK, 4T05bl np"pOAa cAesIla "X 50: TBe nOIle3HblMH (noce"Tb 3epHS " nOIlY4"Tb KOIlOCb" nWeH"'1bl) B no - <l>P:" 5 e CBO"X pa B CCY";AeH"" A. MapwaIlIl CCbIIlaeTC" Ha CP"'Iloco':a 3KOHa.« A8L-1CTB\IIT8J1bHOCTL-1 IlOBeK He MO>KeT H"4erO APyroro, KaK IlbKO COeA"H"Tb TeIla np"pOAbl GcraIlb Hoe n p .- 05Me "POA,: COBepwaeT BHYTP" ce5"»,' BO H C 3TO" T04K" 3peH"" TaK >Ke npO"3- TTeIleH, KaK " npO"3BOACTBO, nOTOMY H cnoc06cTByeT nepeMel11eHHfO B npo- , XaeK cD. nary6Ha51 caMO- Hage5lHHocTb. M., 1992. C. 182. 2 Mapwaflfl A. npl1HL\lt1nbl 3KO- C HOMIt14eCKO HaYKIt1, M., 1993, T. 1. . 122. 55 
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rnasa 3 060eM HaKOUJIelDUl 4 3 2 1 o 1 2 3 4 YpoBeBb DOTpe6JIemm PUC. 3.3. HaKonneHue u nompe6neHue e pa3nu4Hblx empaHax Q61,eM HaIl:01LlleHHJI 7 6 5 4 3 2 o 12345678 YpOBeHb nOTpe6JleHJIH PUC. 3.4. KpueaR npou36ooemeeHHblx e03MollCHoemeu: 3KoHoMu4eeKuu poem CTpSHbl A " B, "MeBW"e CpaBH"TeIlbHO He50IlbW"e 05beMbi HaKOnIleH"", HeHaMHoro YBeIl"4"Il" " CBO" pa3Mepbl nOTpe5IleH"". II1Ha" KapT"Ha Ha5IlfOAaeTc" B cTpaHax C " 0, rAe 5b1Il" peaIl"30BSHbl 50IlbW"e 05beMbi HaKOnIleH"". 3T" cTpaHbl nOIlY4"Il" e03Mo)J(Hocmb cYll1eCTBeH- HOro nOBbIWeH"" YPOBH" nOTpe5IleH"" no cpaBHeH"fO co cTpaHaM" A " B.  5, AnbTepHaTHBHaSi CTOHMOCTb, HnH H3Aep>KKH ynYLlleHHblX B03MO>KHOcTei'l C nOMOll1bfO Ta5Il"'1bl 3.1 " KP"BO" npO"3BOACTBeHHblx B03- MO>KHOCTe" MO>KHO nOKa3aTb '1eHY, KOTOPYfO nIlaT"T 051l1eCTBO 3S nPC:"3BOA- CTBO Ka>K,Qoro ,o,on0J1H\.1T8nbHoro MIt1IlIlHOH8 TOHH M8cna. nOCIl8,o,HHH CTOJ1- 68l! T86m-1l..\bl nOK83b1B88T, OT K8KOro KOIlH48CTBa nyw8K H8,o,O OTK83aTbCfI, 60 OCHOBHb/e 3aKOHOMepHocmu 3KOHOMU4eCKOU op2aHU3aLjUU 06l14ecmsa 4T05bl npO"3BeCT" ell1e 1 MIlH. Kr MaCIla. YKa3aHHbie '1"CPPbl nOKS3blBSfOT '1 eH Y MaCIla, Bblpa>KeHHYfO B nywKax, a He B np"Bbl4HblX AIl" Hac AeHe>K- HblX eA"H"'1SX. Hs 3TO 05CTO"TeIlbCTBO HY>KHO 06paT"Tb oc050e BH"MaH"e. 3A8Cb Mbl Bn8pBbie CTaIlKL-1BaeMCH C K8T8ropH8V1 u.eHbl KaK al1bTepHaTHB- HOM CTOHMOCTH. 05blAeHHbie npeACTaBIleH"" CBOA"T '1eHY K onpeAe- IleHHO" CYMMe AeHer, KOTOpyfO HY>KHO 3anIlaT"Tb 3a np"05peTeH"e TOBapa. OAHaKO '1eHa 4erO-Il"50 He 05"3STeIlbHO Bblpa>KaeTC" B AeHbrax. 3KOHOM"- 48CKoe nOH!.1M8HV18 K8Teropl.-1L-1 l..\8Hbl CBH38HO C nOHHTL-1eM al1bTepHaTHBHOVI CTOHMOCTH, "Il" H3Aep>KeK ynYll1eHHblX B03Mo>KHocTeM (opportunity cost _ aHen.). 1I13Aep>KK" ynYll1eHHblX B03MO>KHOCTe" KaKoro-Il"50 5Ilars - 3TO KOIl"4eCTBO APyroro ("Il" APyr"x) 5Ilar, aT npO"3BOACTBa KOTOpblX HY>KHO OT- Ka3aTbC". B HsweM np"Mepe '1eHY MaCIlS Mbl Bblpa>KaeM B KOIlH4eCTBe ny- weK, npO"3BOACTBOM KOTOpblX HY>KHO nO>KepTBOBaTb, 4T05bl nOIlY4"Tb AO- nonHIIIT8IlbHbla:11 MJlH. Kr M8CIl8. TaK"M 05pa30M, '1eHa MO>KeT BblpS>KaTbC" KaK B TOBapax (aT npO"3BOA- CTBa "Il" nOTpe5IleH"" KOTOpblX np"WIlOCb OTKa3aTbCR), TaK" B 50Ilee np"- Bbl4HbiX AIlH H8C AeHbrax. Ho He TOIlbKO B HHX. W8HY MO)\{HO Bblp83HTb It1 B 4acax BpeMeH" (ynYll1eHHoro BpeMeH" C T04K" 3peH"" ero aIlbTepHsmBHO- ro HcnOIlb30BaH""). Hanp"Mep, BbICTO"B 3-x 4aCOBYfO 04epeAb 3a 5ecnIlST- HO" TapeIlKO" cyna, 4eIlOBeK Ha caMOM AeIle np"05peIl 3TO 6Ilaro He Aa- pOM: Be,Qb CYLl.\8CTBYIOT 8IlbTepHaTHBbi VlcnOIlb30BaHJ.1H Bp8M8HH B T84eHI.-18 3THX 3-x 4aCOB. Hanp"Mep, MO>KHO 6blIlO 5bl nocIlywaTb IleK'1"fO, nOCMOT- peTb TeIleB"30p, HSH"TbC" rpY34"KOM B Mara3"H Ha 3 4aca " T. A. BeAb B cYTKax Bcero 24 4aca " BpeM" - 3TO 5Ilaro, K KOTOPOMY TSK>Ke np"IlO>K"MO nOH"T"e peAKOCT".' 4eIloBeK BcerAa AOIl>KeH Bbl6"paTb Me>KAY pa3IlH4Hbl- MH BapIt18HT8M!.1 L-1CnOIlb30BaHIo1H CYTOYHOro 3anaca 4aCOB. «BpeMH - AeHb- fH!» - VI 3T8 KpblIlaT8H cppa38 K8K H8Ilb3s:1 IlYYWe OTp8>K88T 8IlbT8pH8n1B- HOCTb paCnOps:l>K8HHH Orp8HVlY8HHbiM KOIl\.148CTBOM l.J8COB, OTBeAeHHblX H8M np"pOAO" B Te4eH"e Hawe" >K"3HH. IIITaK, BbIHCHVlB, YTO U,8H8 eCTb H8 YTO HHoe, KaK !.13A8P>KKL-1 ynYLl.\8HHbIX B03MO>KHOCTeL4, BepH8MCs:I K nOCIl8AH8MY CTOIl5'1Y Ta6Il"'1bl 3.1. T8K, l.JT06bl np0!.13BeCTL-1 MaCIlO B KOIl!.1- ....ecTB8 1 MIlH. Kr, HaAO OTK838TbCH OT npo- 3BoAcTBa 1 TbIC. nyweK (coKpaT"Tb "X npo- H3BOACTBO C 15 AO 14 TbIC.). AM Hapall1H- BaH"" npO"3BOACTBa MaCIlS C 1 AO 2 MIlH. Kr HY>KHO OTKa3aTbC" Y>Ke aT 2 TbIC. nywe, (14 TbIC. - 12 TbIC.). HaKOHe'1, nOCIleAHee nppall1eH"e B npO"3BOACTBe MaCIla (c 4 AO 5 MIlH. Kr) nOTpe6yeT OTKa3a OT 5 TbIC. 1 3,QeCb Mbl ,QOJUKHbl c,QenaTb OrosOPKY, npItlBe,Q BblCKa3blBaHVle D. Po66J.1Hca: «CJle,QyeT nOMHItITb, LITO pe,QKItIM s:!BJls:!eTCs:! He «BpeM5D> caMO no ce6e, a Hawa co6CTBeH- Has:! B03MO>KHOCTb ,QeCTBOBaTb. Pe,QKOCTb BpeMeHItl - 3TO Bcero JlItIWb MeTaqwpa». Po661t1HC n. npe,QMer 3KOHOMJ.14eCKO HaYKIo1. THESIS. M.. 1993. T 1. C. 17. 61 
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IIIHorA8 yyeHble npoBoAHT 8HaIlOrlt11O M8>K,qy Tp8HcaK- "OHHbIM" "3Aep>KKaM" B 3KOHOM"Ke " TpeH"eM B cp"3"Ke. A>K. CT"rnep M8pHK8HCKL-1 3KOHOML-1CT, YTB8p}l{,q8Il, YTO «ML-1P C Hyn8BblMIt1 TP8HC8K 4H?HHbIML-1 L-13,q8p>KK8ML-1 OK83blB88TCH CTOIlb )\{8 CTpaHHbIM, K8K cpH3HY8C- KIllIo1 MHp 683 C!.1Il Tp8HIrtH».1 .o.8L4CTBlrH8flbHO, 8CIlL-1 OTCYTCTBYIOT Bce n8- eYVlCIleHHble Bblwe BIIIgbl Tp8HCaKl!1r10HHbIX L-13Aep)\{8K, TO, no KOY3Y HL-1- ero He CTO"T YCKOP"Tb TpSHCaK'1"" (CAeIlK") TaK, 4TO Be4HOCTb 5YAeT npO>K"Ta 3S AOIl" ceKYHAbl. 06MeH npo"c- XOAM 6bl MrHOBeHHO, nOTOMY 4TO He Tpe- 60BaIlOCb 6bl 3aTpa4"BaTb pecypCbl Ha no- "CK TO" "HCPOpMa'1"", a KOTOpO" roBOP"- nOCb paHe8 B H8weVl rnaBe. 5' 1 CM. KOY3 P. ct>lt!pMa, pblHOK It! npaso. M., 1993. C. 16. 67 
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Ae"CTB"TeIlbHO, 8CIl" Bce IlfOA" np"Aep>K"BafOTC" Ta- K!.1X «npaBl1Il \.1rpbl», KOTopble Bblp8>KalOTCfI 6L-16IleCKHML-1 3anOB8AflM\t1 «He y6\t1», «H8 YKP8AL-1», «H8 Il>K8CBL-1A8TeIlbCTBYL4» VI 1. n., TO paCCMOTp8HHbl8 H8M!.1 TpaHC8Kl.\HOHHbI8 1r13,Q8P>KKL-1 L-13Mep8H\t1H, 3aw,\.1Tbl npaB C06CTB8HHOC- TH, onnopTYHHCT\t148CKOro nOBeA8HVlfI L-1 ,D.p. CTaHOBHTCH H8MHOro M8HbW8. K8K npaB\.1IlO, B CTpaH8X, rA8 H8C8Il8H\t1e 38KOHonOCIlYWHO, ,o,OCT\.1rHYT L-1 BblCOKL-1Ci ypOBeHb 3KOHOMVl48CKOro p83B\.1H1H. BOT ManeHbK\.1171 npltlM8p: BI1a- A8Il8l.\ 8BTOM061t1Ilfi B WB8V1l...\8p!.11t1 MO)\{eT H8 68CnOKOIIITbCfI 0 TOM, YTO 8ro MaW\.1HY yroHflT, 8CIlH OH OCT8BL-1I1 B HeCi KIlIOYL-1 38>KVlr8H\t1H. EMY Bo06w,8 He Tp86yeTcH 3aTp8T H8 CIIICT8MY CL-1rHaIlIll3al.\\.1L-1. Bblpa>KaHCb 3KOHOMIr1Y8CKL-1M fl3bl- KOM, ero "3Aep>KK" Ha 3all1"TY npaBa c06- CTB8HHOCT!.1 H8MHOro HL-1>K8, l.J8M Y BIl8,o,8Ilb- u,a aBTOM06L-1IlH B cTpaH8, rA8 npaBV1IlO «He YKpaAH» HapywaeTc" HS Ka>KAOM wary. V\TaK, H3 paCCMOTpeHHblX HaML-1 onp8- A8Il8HHL4 CTaHOBV1TCH HCHO, l.JTO T8 L-1IlVl "Ha" C"CTeMa 6YAeT CPYHK'1"OH"pOBaTb KaK "epapx"" "Il" KaK cnOHTaHHbl" nopAOK B 38B!.1CV1MOCTL-1 OT BeIlIll4\.1Hbl TP8HC8Kl...\1II0H- HblX \.13Aep>K8K. 68 1 CM. nOAPo6Hee: HOpT ,D,. V!H- CTVlTYTbl, VlHCTVlTYL\VlOH8JlbHble 1.013- MeHeHVls:! VI QJYHKL\VlOHVlpOsaHVl8 3KOHOMVlKVI. M., 1997. C. 19. 3Aecb >Ke ,D,. HOpT YTsep>KAaeT, '-ITa VlH- CTVlTYTbl ({...a5conIOTHO aH8IlOrVl'.j- Hbl npaBVlIlaM Vlrpbl B KOMaHAHblX cnopn1BHb!X Vlrpax)}. KOOpaUHaUR sbl60pa 8 pa3flUYHbIX X03RucmseHHbiX cucmeMax npeACTaB"M ce6e, 4TO B «paCW"peHHOM nop"AKe 4eIlOBe4ecKoro co- TPYAHL-1Y8CTBa)), KaK Ha3blB88T <P. Xa8K K8nHT8IlIll3M, H806xOAIt1MO C06P8Tb "HcpopMa'1"fO 0 TOM, 4TO, KaK " AIl" KOro npO"3BOAHTb. Hs"50Ilee Aewe- BblM cnoc060M OK8>K8TCs:I 3,Q8Cb cnoHTaHHbl171 nOpH,D,OK, H60 «c06paTb B eA\.1- Hbl" KYIlaK» BCfO pscce"HHYfO "HcpopMa'1"fO 0 '1eHaX, npeAn04TeH""X, Ha- Il"4HbIX pecypcax OKa>KeTC" HenOC"IlbHO" H"KaKoMY L\eHTpy 3aAa4e". Aa, np" 3TOM cYl11eCTBYfOT TpaHCaK'1"OHHble "3Aep>KK" pbIH04HO" KOOPA"Ha'1"", HO OHIt1 OKa3blBalOTCH HL-1)\{e Tex L-13A8p>KeK, KOTOpbl8 B03HIo1KIl!.1 6bl B cIlyya8 '1eHTpaIl"30BaHHoro np"KpenIleH"" Ka>KAoro npO"3BOA"TeIl" K KOHKpeTHoMY nOTpe5"TeIlfO B MscwTa5ax Bce" Ha'1"OHaIlbHo" 3KOHOM"K". A BOT B paMKax CP"PMbl cnoc050M, 3KOHOMRll1"M TpaHCaK'1"OHHble "3- Aep>KK", OKa3bIBaeTC "epapx"" (CM. nOAP05Hee rn. 9). 3Aecb pa60TH"K" B3S"MOAe"cTBYfOT APyr C APyroM He np" nOMOll1" '1eHOBblX C"rHaIlOB; a TOM, l.J8M 8MY 38HL-1MaTbCH 11 4TO npOVl3BOAL-1Tb, pa60THHK Y3H88T OT CB08ro H8- nocpeAcTBeHHoro Ha4aIlbCTBa. KaK "epspx"" YCTpoeHa " apM"", rAe, KaK "3BeCTHo, np"Ka3bl He 05cY>KAafOTC". CeMb" naTp"apXaIlbHoro T"na TaK>Ke YCTpoeHa Ha np"H'1"naX "epapX"4eCKOro ynpaBIleH"". TaK"M 05pa30M, Mbl nOAOWIl" K "HTepeCHOMY BbIBOAY: O'1eH"BaTb 3cp- cpeKT"BHOCTb cnOHTaHHblX nOp"AKOB "Il" "epspx"" He06xOA"MO He C T04K" 3peH"" HOpMaT"BHbIX O'1eHOK (nIlOX"e "Il" Xopow"e), a C T04K" 3peH"" 3KO- HOMV1\t1 TpaHC8Kl!VlOHHbIX 1113,Q8P)\{8K. KOH84HO, 3TO H8 8A\t1HCTB8HHbIL4 KPHT8- pJ.1l71, HO OH OyeHb Ba>K8H. T80pL-1H Tp8HCaKl.\VlOHHbIX Vl3,D,8P>K8K nOMora8T no- HHTb, nOY8MY OKa3aIl8Cb He3QJQJeKTl1BH0ll1 COl.\L-1anV1CT!.148CK8H CVlCTeMa XO- 3HVlCTBa: nonblTK8 nOCTpOVlTb sce 06U{ecmseHHoe npOU3S0aCmso no muny CPUPMbl, "Il" «eAHHO" cpa5p"K"», KaK n"CaIl B. 111. neH"H, OKa3anaCb Heco- CTOHTeIlbHOVl L-13-38 orpOMHblX TpaHCaKl...\HOHHbIX L-13Aep>K8K, C KOTOpblMIII CBfI- 3aHO perYIl"pOBaH"e "3 L\eHTpa (iocnIlaHa). II1HTepecHo, 4TO "AeaIlbHoe 06Ll.\8CTBO, 0 KOTOpOM M8YT8nL-1 COl..\Vl8Il\.1CTbl-YTOnL-1CTbl V1 nOCIl8AOBaTeIlH MapKC"CTCKOro Y4eH"", B TepMHHSX HeO"HCT"TY'1"OHaIlbHO" TeOp"H AOIl>K- HO 5blIlO 6bl npeACTaBIl"Tb c050" C"CTeMY C HYIleBbIM" TpaHCaK'1HOHHbIM" "3Aep>KKaM". TaK, P. KOY3 YTBep>KAaIl, 4TO a6comomHO KOMMYH"CT"4eCK08 06Ll.\8CTBO B 8ro np8,qCTaBIl8HVlVI - 3TO CItICTeM8, B KOTOpOVl Tp8HCaKl.\L-10HHbl8 "3Aep>KK" He CYl11eCTBYfOT. Ho B peaIlbHOCT" C0'1"aIlHCT"4eCKa" C"CTeMa OKa3aIlaCb «n8perpY>K8HHO») TpaHCaKl!L-10HHbIML-1 \t13A8p>KKaM\.1. HaL-1BHaH c0'1"aIl"CT"4eCKa" YTOn"", 4TO MO>KHO B eAHHOM '1eHTpe cocpeAOT04"Tb BCfO pacce"HHYfO B 051l1eCTBe "HCPOpMa'1"fO 0 '1eHHOCT"X pecypcoB, a no- CTOHHHO M8HHIOLl.\VlXCfI np8,o,no4T8HVlHX nOTpe6\.1T8Il8L4 V1 T. n., TaK L-1 OCTaIlaCb yronHeVi, HepeaIl\t130BaHHoVl M84TO. BbIAalOLl.\L-1V1CH BKIlaA B p83B8H48HIr18 VlIlIlI03L-1V1 0 B03MO>KHOCn1 nOCTp08HL-1H BC8ro 06W,8CTB8HHOro X03HL4CTB8 no T"ny "epapx"" BHeCIl" aBCTp""CK"e 3KOHOM"CTbl-HeOIl"5epaIlbl "'. Xa"eK «<nary6Hs" cSMOHaAe"HHOcTb»), n. M"3eC «<C0'1"aIl"3M»), POCC""C'"" 3KOHOM"CT 5. 5pY'1KYC B CBoe" pa50Te «C0'1"aIl"CT"4eCKOe X03""CTBO», BblweAwe" ell1e B 1922 r., " APyr"e 3KOHOM"CTbl. 69 
Inasa 4 Ao C"X nap Mbl "CCIleAOBaIl", KaK"M nYTeM MO>KeT nepeAaBaTbC" "H- cpOpM a '1"" 0 peAK"X pecypcax B pa3Il"4Hb1X X03""CTBeHHbIX C"CTeMax. Ho 06m'1K TOVI L-1IlL-1 L-1HOVI CIilCTeMbl 38B\I1CL-1T \11 OT ynoMHHYTblX p8Hee L-1HCT\I1TYTOB, L-1Il\.1 «np8Bv1n L-1rpbl», KOTOpblX AOIl>KHbl np\l1A8p>KL-1B8TbCf1 Bce X03HVlCTseHHbie areHTbl. B CIleAYfOll1eM naparpacpe " nO"AeT pe4b 0 HeKOTopblX "3 3T"X Ba>K- HeW\I1X np8B\I1Il.  2. npaBa co6CTBeHHOCTlil KaK «npaBliina IIIrpbl» B X03f1ii1CTBeHHbIX CIilCTeMax B COBpeMeHHO" 3KOHOM"4eCKO" TeOp"", KSK HaM "3BeCTHO "3 rn. 2, 9 3, nOIlY4"IlO pa3B"T"e HanpSBIleH"e 3KOHOM"4eCKOro aHSIl"3a, H83blsa8M08 H80\l1HCT\I1TYUL-10HaIl\l13MoM. OAHoii1 \113 H8H60Ilee 1113B8CTHblX Te- Oplt1V1 :3TOro HanpaBIleH\I1H flBIlH8TCH 3KOHOMw.,eCKas:l TeopHst npaB co6- CTBeHHOCTH. Y HCTOKOB T80pL-1\11 npaB c06CTBeHHOCTL-1 CTOHIl\l1 ABa V13Be- CTHblX 8Mep\.1KaHCKHX 3KOHOM\I1CTa - POHaIlbA KOY3, 0 KOTOpOM Mbl MHoro roBOP"Il" B npeAblAYll1eM naparpscpe, " ApMeH AIl4"aH. B ASIlbHe"weM B pa3ps50TKe " "CnOIlb30BaH"" 3TO" TeOp"" np"H"MaIl" aKT"BHoe YSCT"e T8KHe \.13BeCTHble 3KOHOM\I1CTbi He0!.1HCTL-1TYUL-10HaIlbHO WKOIlbl, KaK V1. 6ap- '1eIlb, r. AeMce'1, A. HOPT, P. n03Hep " AP. CBoe05pa3"e nOAXOAa aBTopOB 3TO" TeOp"" K TpaKTOBKe c05CTBeHHOC- TH L-1 e8 \.1CnOIlb30B8H\I11O B K84eCTB8 MeTOAOnOr\l14eCKO \11 06w,eTeope- TV1yeCKOVl OCHOBbl 3KOHOM\I1yeCKoro 8H8Il\l138 COCTOHT B cneAYIOw,8M: Bo-nep- BbIX, B CBO\.1X VlCCJ1eAOBaHV1f1X OH\I1 onepV1pYIOT He np\l1Bbl4HbiM AIlfi Hac no- HSH\tI8M «C06CTB8HHOCTb», a L-1CnOIlb3YIOT T8pMV1H «npaBO Co6cTBeHHOc- TH». He pecypc caM no ce5e "BIleTC" c05cTBeHHocTbfO, a <<nY40K "Il" AOIl" npaB no L-1CnOflb30B8HL-11O P8CYPC8 - BOT 4TO COCT8BIlH8T C06CTB8HHOCTb».1 nOIlHblVi nYYOK npaB, Ha3blBaeMblVi «nepe'"tHeM OHope» (B Y8CTb aHr- Il""CKOro fOp"CTa A. OHope, BnepBble npeAIlO>K"Bwero ero B 1961 I.), co- CTO"T "3 cIleAYfOll1"X 11 3neMeHTOB: 1. npaeo enaoeHuR, T. e. npaBo "CKIlf04"TeIlbHoro cp"3"4ecKOro KOHT- pOIl" HaA 6IlaraM"; 2. npaso ucnOflb30saHUR, 1. e. npaBo npL-1M8HeHL-1H non83HbiX CBOVlCTB 5Ilar AIl" ce6,,: 3. npaeo ynpaef1eHU", T. e. npaBo pewaTb, KTO " KaK 6YAeT 05ecne- 4L-1B8Tb V1cnOIlb30BaHH8 6Il8r; 4. npaeo Ha OOXOO, T. e. npaBo 06IlaAsTb P83YIlbT8TaM\I1 OT L-1Cn0J1b30B8HL-1H 6flar; 5. npaeo cyeepeHa, T. e. npaBo Ha OT- 4Y>KAeH"e, nOTpe6IleH"e, "3MeHeH"e "Il" YH"4TO>KeH"e 6Ilara; 1 Oemsetz H. Toward a theory of property rights - "American Economic Review". 1967, v. 57, NQ 2 70 KOOPOUH8LjUfI Bbl60pa s pa3nUYHbiX X03f1UCmSeHHblx cucmeM8X 6. npaeo Ha 6e30naCHocmb, T. e. npaBO Ha 3Sll1"TY OT 3KCnpOnp"a'1"" 5Ilar " OT BpeAa co CTOpOHbl BHewHe" cpeAbl; 7. npaeo Ha nepeoa4Y 6nae e HaCf1eOCmeo' 8. npaeo Ha 6eccp04Hocmb 06f1aOaHUR 6neoM' 9. 3anpem epeOHoeo ucnonb30eaHUR, T. e. 3anpT "CnOIlb30BaH"" Bell1" cnoc050M, HaHOC"ll1"M BpeA "MYll1eCTBY APyr"X X03""CTBeHHbIX areHTOB' 10. npaeo Ha omsemcmseHHocmb S eUGe S3bICKaHUR, 1. e. B03MO)\{HOCb B3bICKaH"" 5Ilsra B ynIlaTY Aonra; 11. npaeo Ha ocmam04HbiU xapaKmep, T. e. npaBO Ha cYll1eCTBOBaH"e npO'1eAYP "_ "HCTHTYTOB, 06eCne4"BafOll1"X BOCCTaHOBIleH"e HapyweHHblx npaBOMOl.JIIIL-1. npaBa c06CTBeHHOCT" nOHHMafOTC" KaK CSHK'1"OH"POBSHHble 051l1e- CTBOM (3aKOHSM" rOCYAapCTBa, aAM"""CTPST"BHbIM" pacnOp">KeH""M", TPSA"'1"M", 06bI4a"M" " T. A.) noseAeH4eCKHe OTHOWeHH>I Me>KAY 111O,qbM, KOTOpbl8 B03HHK81OT B CBH3H C CYLl.\eCTBOB8HH8M 6Il8r, L-1 K8C8IOT- CH HX \.1CnOIlb30B8HL-1f1. 3T\I1 OTHOWeHL-1H npeACTaBIlHIOT HOpMbl nOB8AeHV1H no nOBoAY 5Ilar, KOTopble Ilf050e Il"'10 AOIl>KHO c06IlfOAaTb B CBO"X B3a"MOAe,,- CTB""X C APyr"M" IlfOAbMH "Il" >Ke Hecm "3Aep>KK" "3-3a "X Hec05IlfOAe- HHH. IIIHa48 roBOpH, npaBa co6cTBeHHocTH eCTb He l.JTO HHoe, KaK onpe- ,qel1eHHble «npaSHl1a Hrpbl», npL-1HHTb18 B 06Ll.\8CTB8. «np8sa coocms8H- Hocmu - 3mo npaea KOHmponupoeamb ucnonb30eaHue onpeoeneHHblX pe- cypcoe U pacnpeOef1Rmb e03HUKalOu<ue npu 3mOM 3ampambl U ebleOObl. VlM8HHO npaBa c06CTBeHHOCTL-1 - VlIlItI TO, 4TO, no MH8HvtlO IlIO,Q8M, HBflH8TCH COOTBeTCTBYfOll1"M" npaB"IlaM" "rpbl, - onpeAeIl"fOT, KaK"M "MeHHO 06pa- 30M B 051l1eCTBe OCYll1eCTBIl"fOTC npO'1eCCbl npeAIlO>KeHH" " cnpoca».' BTOp8H OTIlIr1l.J\I1T8IlbHafi 48PT8 TeOpL-1L-1 npaB c06CTBeHHOCTH 3aKIlIOY88T- CH B TOM, YT? cpeHOMeH c06CTBeHHOCTH BbIBO,QHTCH B HeVlH3 np06IleMbi OT- HOCHTeIlbHOH peAKOCH1, ItIIlH OrpaHVlyeHHOCTVI pecypCOB: «683 K8K0I71-Il!.160 npeAnOCblIlKItI P8AKOCTeVl 6eCCMbicneHHO roBOpVlTb 0 c06CTBeHHOCTL-1» 2 npaBAS, TaKO" nOAxoA He "BIl"eTC OTKpbIT"eM BbiweHa3BaHHbiX aBTOpo; BnepBble OH 6blIl 060CHOBaH ell1e B 1871 r. aBCTp""CK"M 3KOHOM"CTOM Kap- JlOM MeHrepoM B KHHre «OCHOB8HHH nOIlItITVlY8CKOVl 3KOHOM\.1!.1». C06CTB8H- HOCTb, nHcaIl K. M8Hr8p, CBOvtM KOH8'-1HbIM OCHOBaH"eM "MeeT CYll1eCTBOBaH"e 6Ilar, KOIlH'-I8CTBO KOTOpblX MeHbwe no cp8BHe- HHIO C nOTp86HOCTHMvt B HL-1X. n03TOMY HHCT\.1TYT c06CTBeHHOCTL-1 flBIlH8TCH eAL-1H- CTBeHHO B03MO>KHbIM IIIHCTvtTYTOM pa3pe- weH"" np06IleM ({HeCOpS3MepHocm Me>K- AY HaA06HOCTbfO " AocTynHblM pacnop"- >K8H\.11O KOflH'-IeCTBOM 6Ilar».3 TaKoe Heco- OTB8TCTBL-1e BeAeT K TOMY, '-ITO 1\8HTP8Ilb- 1 XeHe n. 3KOHOMY1'-1eCKIo1 06- pa3 MbIWJl€HV1S1. C. 325. 2 Toumanoff P.G. Theory of market failure - «Kyklos», 1984, v. 37, NQ 4. 3 MeHrep K. OCHosaHIiISI nOJl\iI- TIiI'-IeCKO 3KOHOMV1Y1. ASCTpY1C1cKaSl WKOJla s nOJlY1TV1'-1eCKOC1 3KOHOMY1Ii1. M., 1992. C. 79. 71 
Inasa 4 HblM MOM8HTOM OTHOW8HHII1 C06CTB8HHOCT\l1 CT8,"!OBV1TCH \.1X UCKn10481OUl,uiJ XapaKmep. TaKL-1M 06pa30M, OTHOW8HL-1f1 C06CTB8HHOCH1 - 3TO CIr1CT8Ma HCKJllOyeHL-1V1 "3 AocTyna K MaTep"aIlbHblM " HeMaTep"aIlbHblM pecypcaM. II1HbIM" CIlO- BaM", 06eCne4eH"e npaB C06CTBeHHOCT" npeAYCMaTp"BaeT "CKIlf04eH"e APyr"X Il"'1 "3 4"CIla nOIlb30BSTeIle" OrpaH"4eHHb1X peCypCOB. Ho CSMO 068Cn8Y8HIII8 3TOro np8Ba, KaK OTM84a8T Vl3BeCTHblVl !.1CI1aH,QCKItI 3KOHOML-1CT T. 3rrepTCCOH, COnp">KeHO C "3Aep>KKaM". B HeKOTOpblX CIlY4a"X 3T" "3Aep- )\{K\II MOrYT 6blTb 04eHb BbICOKIllMH. XOPOWO 1t13BeCTHO, 4TO BI1aAenblJ,bJ ,0.0- MOB B pa"OHaX C BbICOK"M ypOBHeM npecTynHOCT" «OTKa3bIBafOTC" OT H"X, KOrAa "3Aep>KK" 05eCneyeH"" npaB C06CTBeHHOCT" CBOA"T 4"CTYfO '1eH- HOCTb 3T0l71 C06CTB8HHOCTL-1 K HYIlIO».1 OTCYTCTB"e "CKIlf04eHH" "3 AocTyna K pecypcaM, "Il" CB050AHbl" AOC- Tyn K HV1M, 03Ha48eT, 4TO OH!.1 - HL-1YbVl, 4TO OHL-1 He np\.1H8,QIl8>K8T HIIIKOMY "Il", 4TO TO >Ke caMoe, BceM (051l1a" c05cTBeHHocTb). TaK"e pecypCbl He COCT8BIlHIOT 06b8KT8 C06CTB8HHOCTL-1. no nOBoAY HX L-1CnOIlb30B8HL-1f1 M8)\{AY IlIOAbMH He B03HHK81OT 3KOHOML-1yeCKL-1e, pblHOYHble OTHOW8HVlH. C T04K" 3peH"" aBTopOB TeOp"H npaB c06CTBeHHOCT", "CKIlf04"Tb APY- r"x "3 cB050AHoro AOCTyna K pecypcaM 03Ha4aer cne'1"cp"'1"pOBaTb npaBa c05CTBeHHOCT" Ha H"X. Apyr"M" CIlOBaM", Cne'1H(jJHKaLlH" npaB c05- CTseHHOCTH - 3TO 3aKpenl1eHHe OT,qel1bHbiX npaSOMO\.lH.-:t 3a O,qHHM Hl1lt1 HeCKOl1bKHMH 3KOHOMMl.JeCKItIMItI cy6"beKTaMH. T8K, nepe4V1cIleHHbl8 BblW8 11 npaBOM04"" "3 <<nepe4H" OHOpe» MorYT 5blTb 3aKpenIleHbi He 05R3a- T8IlbHO 38 O,QHHM cPL-13Ir1Y8CK!.1M HIl\.1 tOpL-1AL-14eCKL-1M IlHU,OM, 0 yeM Mbl nO,Qp06- Hee CKa>KeM AaIlee. fOCYASPCTBY np"HSAIle>K"T oc050 Ba>KHa" pOIlb B cne- '1HCP"Ka'1"" npaB c05CTBeHHOCT", 'OTopble np"H"MafOT B"A cpOpMSIlbHblX npaBL-1Il (3aKOHOB, npOnL-1C8HHbIX B pa3IlIIIYHbiX 3aKOHOAaT8IlbHbiX aKT8X III, npe>KAe Bcero, B KOHCT"TY'1H"). CMblCIl " '1eIlb cne'1Hcp"KS'1"" COCTO"T B TOM, 4T06bl C03AaTb YCIlOB"" gnH npH06p8T8Hlllfi np8B C06CTB8HHOCT\.1 T8ML-1, KTO l!eHIllT HX BbIW8, KTO cno- c06eH 1113BIl8Yb 1113 HHX 60IlbWYIO nOIlb3Y. «ECIlI.1 npaBa H8 COB8pW8HL-1e on- peAeIleHHblX Ae"CTB"" MorYT 5blTb KynIleHbl " npOAaHbl, - n"WeT P KOY3, - "X B KOH'18 KOH'10B np"06peTafOT Te, KTO Bblwe '1eH"T AapyeMble "M" B03- MO>KHOCT" npO"3BOACTBa "Il" pa3BIle4eH"". B 3TOM npO'1eCce npaBS 5YAYT np"06peTeHbl, nOApa3AeIleHbi " CKOM6"H"pOBaHbl TaK"M 06pa30M, 4T06bl AonYCKaeMa "M" Ae"TeIlbHOCTb np"HOC"- Ila AOXOA, "MefOl11"" HS"BbICWYfO Pb1H04- HYfO '1eHHOCTb».' TaK"M 06pa30M, OCHOB- Ha" '1eIlb cne'1"cp"Ka'1"", T. e. 4eTKO" on- peAeIleHHOCT" npaB co5CTBeHHOCT", 3a,- IllOya8TCfI B !.13M8H8HL-1111 noa8geHHH X03f1V1- CTBYfOl11"X cy5beKToB TaK"M 05pa30M, 4TO- 72 1 3rrepTCCOH T. 3KOHOMlilyeC- Koe nOBegeHlr1e Ir1 Ir1HCTIr1TYTbl. M., Aeno. 2001. C. 50. 2 KOY3 P. ct>lr1pMa, pblHOK Ir1 npa- BO. M., 1993. C. 14. KOOpaUHaU,UR sbl60pa s pa3J1UYHbIX X03RucmseHHblX cucmeMax 5bl OH" np"H"MaIl" Hs"60Ilee 3cpcpeKT"BHble peWeH"". BeAb TOIlbKO Ha C06CTB8HHIIIKa n8A8tOT B KOHe4HOM CyeT8 BC8 nOIlO)\{I.neIlbHble III OTpL-1lJ,a- TeIlbHble P83YIlbT8Tbi ocyw,eCTBIlHeMol71 14M AeHTeJ1bHOCn1. n03TOMY OH L-1 OKa3blB8eTCfI 3aHHTepeCOB8HHbiM B M8KCL-1M8IlbHO nOIlHOM ItIX YY8T8 npL-1 np"HRT"" peWeH"". np"BeAeM np"Mep, n03BOIl"fOll1"" IlY4we nOH"Tb np05IleMY cne'1"Cp"- K8L1,VlV1 npaa C06CTB8HHOCTIt!. HepegKo HaM npHXOAL-1TCf1 CT8IlKHB8TbCfI C TaK H83blB8eMoVl «6ecx03HOIII» 38MIl8L4 B Y8pTe ropOA8. KaK npaSltlflO, 3TO CTH- X""Hble MycopHble CBaIlK", Kpowe4Hbie OropOAbl Ha OKpa"HaX ropOAS, co- opY>KeHHble B nopRAKe «caM03aXBaTS» Bce TO" >Ke HH4e"HO 3eMIl" " T.n. KOHCPIl"KTHble C"Tya'1"" no 3TOMY nOBOAY B03H"KafOT "3-3a TOro, 4TO Ka>K- AblVl H3 ero yyaCTHV1KOB nOIl8r8eT: OH UMeem npaso CB8IlL-1B8Tb MYCOP V1IlItl Bblpall1HBaTb peA"CKY; B TO >Ke BpeM" APyr"e nOIlarSfOT, 4TO OH" UMeIOm npaeo Ha 4"CTbl" B03AYX " '1"B"Il"30BaHHbl" ropOACKO" B"A. Ha caMOM g8Il8 BCH np06IleM8 38KIl1048eTCfI B TOM, YTO np8Ba c06CTBeHHOCTItI He cne- '1"CP"'1"pOBaHbl, npaBOM04"" He 3aKpenIleHbi H" 3S OAH"M "3 Y4aCTH"KOB KOHcpn"KTS. YeM onpeAeIleHHee npaBa c06CTBeHHOCT", TeM C"IlbHee CT"MYIl y XO- 3""CTBYfOll1erO cy5beKTa Y4"TbIBaTb Te BblroAbl "Il" TOT Yll1ep6, KOTOpble ero peWeH"" np"HOC"T APyroMY Il"'1Y. II1MeHHo n03TOMY B npo'1ecce 05MeHs npaBa c06cTBeHHocm HS Te "Il" "Hble 6Ilara 5YAYT nep8AsHbi TOMY 3KOHO- MHY8CKOMY areHTY, AIlH KOro OHL-1 np8gcTaBIlfilOT H81t1BblCWYfO U,8HHOCTb. TeM caMblM 06ecne4"BaeTC" 3cpcpeKT"BHOe pacnpeAeIleH"e pecypcoB, nOCKOIlb- KY B XOAe 06MeHs OH" nep8Mell1afOTC" aT MeHee npO"3BOA"TeIlbHOro K 50- Ilee np0L-13BOAV1TeIlbHoMY L-1CnOIlb30B8HL-1IO, OT IlHLI" MeHe8 V1X l!eHHVlX - K Il"'1aM, '1eH"ll1"M "X 50Ilbwe. B 3'OHOM"4eCKO" HaYKe 3Ta np05Il8Ma paCCMSTp"BaeTC" B "3BeCTHO" TeopeMe KOY3a, C KOTOpO" Mbl nOAP05HO n03HaKOM"MC" B rn. 15. 3KOHOM"4eCKa" TeOp"" pSCCMaTp"BaeT pa3Il"4Hble pe>K"Mbl npaB c05- CTB8HHOCTVI: . 4acmHa" c06cmeeHHocmb (private ownership). B 3TOM cIlY4ae "CKnfO- Y!.1T8IlbHbIMH npaB8MItI nOIlb3YfOTCH OT,Q8IlbHble ItIH,QL-1BY1,Qb1. . eocyoapcmeeHHaR c06cmeeHHocmb (state ownership). II1CKIlf04"- TeIlbHble npaBa np"HaAIle>KaT rocYAapcTBY, "Il" T04Hee, TeM, KTO ero KOHTpOIl"pyeT. . KOMMYHanbHaR c06cmeeHHocmb (communal ownership). V1CKIlf04"- TeIlbHble npaBa np"HaAIle>KaT HeKoeMY c0051l1eCTBY IlfOAe", KOTopble KOHT- POIl"PYfOT AocTyn K pecypcy. . 06u<aR c06cmeeHHocmb, "Il" ce0600Hblii oocmyn (common ownership). 3T" 5a3"CHble pe>K"Mbl npaB C05CTB8HHocm MorYT cOCYll1eCTBOBaTb B caMblX pa3Il"4Hb1X COyeTaH""X B pa3Hbix CTpSHSX. 73 
Inasa 4 OCT8HOBI.1MCs:I H8CKOIlbKO nO,Qp06H8e Ha Tex, nOCn8,QCTBI.1HX, KOTOpbl8 BblT8K81OT 11\3 YKa38HHbiX p8>KII\MOB npaB C06CTS8HHOCTV1. npaBO Y8CTHOVI C06CTB8HHOCTV1 03H8ya8T, 4TO OT,Q8nbH08 cPL-13V1Y8CK08 \.1IlV1 IOpV1,QVl48CKOe .m1l..\o 06IlaAa8T BC8M nY4KOM np8S C06CTBeHHOCTL-1 It1IlV1 TOIlbKO He'OTOpbIM" "3 11 npaBOM04"" «nepe4H" OHOpe». AonycT"M, Bbl Mo)\{eT8 06n8A8Tb I1V1Wb H8KOTOpbIMV1 V13 nepeYHCIl8HHbiX np8B, HO He 06Il8- AaTb OCTaIlbHbIM" npaBaM". HeKOTopble npSBa CYl11eCTBYfOT Il"Wb B onpe- AeneHHOVl KOM6It1H8l...\HH 1.1, B3s:1Tble C8MV1 no c86e, He ItIMelOT HI.1K8K0l71 U,8HHO- CT" (Hanp"Mep, npaBOM04"e ceAbMoe 6e3 npaBOM04"" nepBoro). KOM5"Ha- '1"" 3T"X npaB C Y4eTOM TOro, 4TO "M" 05IlaAafOT pa3Il"4Hble cp"3"4eCK"e " fOp"A"4eCK"e n"'1S MorYT 5blTb BeCbMS pa3Ho06pa3HbIM". n03TOMY MO>K- HO rOBOp"Tb 0 pa3H005pa3"" cpOpM c06CTBeHHOCT". npaBO roCYAapCTBeHHO" c06CTBeHHOCT" 03HayaeT, 4TO BceM nY4KOM np8B L-1nL-1 p83IlV14HbIM\.1 era KOMnOH8HT8ML-1 06Il8A8eT V1CKIlIOYV1TeIlbHO rocy- AapCTBO, np"4eM, 4eM B 50Ilbwe" CTeneH" Bce 11 npaBOM04"" peaIl"3YfOT- Cs:I rocY,QapcTBoM, T8M B 60IlbW8V1 CT8n8HL-1 T8KaH CVlCT8M8 X03HL4CTBOB8HV1s:1 38cIlY)\{\.1Ba8T H83B8HV1e 1.18papxHV1. CB060AHbl" AocTyn, "Il" 061l1a" c05cTBeHHocTb nopO>KAaeT np05IleMY, KOTopaH B 3KOHOMItIY8CKOCi HaYK8 H83blB88TCs:I «Tpare,QHeH 06HH». 3TV1M TepM"HOM 0503Ha4SeTC" TeHAeH'1"" K xUIl.{HU4ecKoMY ucnonb30eaHUIO 05- Il.{eii c06cmeeHHocmu. Ae"CTB"TeIlbHO, npeACTaB"M ce5e 03epo "Il" peKY, B KOTOpO" BOA"TC" pbl5s, np" 3TOM npSBa c06CTBeHHOCT" Ha ee YIlOB xa- paKTep"3YfOTC" cB050AHbiM AocTynoM. H"KaK"M 3aKOHOAaTeIlbCTBOM He on- P8A8Il8Hbi V1CKIlIOYIt1T8nbHble npaB8 H8 COBepW8HIt18 X03HVlCTBeHHOH ,Qes:l- TeIlbHOCT\.1, B ,QaHHOM CI1YY88, PbI60IlOBCTB8. B TaKOM cIlyya8 X03s:1HCTSYIO- 1118 Cy6"b8KTbJ, H8 OrpaHL-1yeHHbl8 B CBOL-1X ,Q8HCTBL-151X HIIIK8KL-1ML-1 3aKOH8MVI, L-1IlL-1 «npaBL-1IlaML-1 L-1rpbl», 6YAYT 3KcnnY8TL-1pOB8Tb H8nL-1YHbI8 3an8Cbl pbJ6bl BnJlOTb ,0.0 nOIlHoro L-1X VlCTOLl.\eH\.1s:1. K8)j{AbIVl PYKOBO,QCTBY8TCs:I nL-1Wb CBOV1M CTp8MIl8HIII8M K MaKCI.1MI.13al!L-1L-1 Bblro,Qbl, VI B P83YIlbT8T8 CKIl8AbIBa8TCf! C\t1- Tyal!Vls:I «cBepX\t1CnOIlb30B8HI.1SH) p8cypca. Yrp03a I.1CTOU..\8HL-1H Orp8Ht.148HHblX pecypCOB MO>KeT np"BeCT" K "3MeHeH"fO pe>K"Ma OTKpblTOro AOCTyns " ne- pexoAY K 4aCTHo", roCYAapCTBeHHO" "Il" KOMMYHaIlbHO" ee cpopMaM. COBpeMeHH8s:1 X03HVlCTB8HH8s:1 CI.1CTeM8 3anap,Hblx CTp8H L-1M8HY8TCSi «CMewaHHoH 3KOHOMHKOH», III Bce-T8KVI Mbl He COBepWL.1M 60IlbWOVl OWV16- KL-1, eCIlL-1 H830B8M 3TV1 CTp8Hbi K8mnaIlL-1CTL.1Y8CKIt1ML-1. Bo-nepBbIX, onp8Ae- Il"fOll1"M cnoc060M nepeAa4" "HCPOpMS'1"" B H"X "Bn"eTC" MexaH"3M '1e- HOBblX CV1rH8IlOB, L.1JlL-1 cnOHT8HHblH nopSiAOK. BO-BTOpbIX, B 48CTHOH c06- CTBeHHOCT" HaXOA"TC" npe05IlSAafOll1a" AOIl" peAKHX (orpaH"4eHHbIX) pe- CYPCOB, fJl8BHbiM L-13 KOTOpblX HBIlSi8TCH K8nL-1T8Jl. n03TOMY T8pML-1H «CM8- waHH8Si 3KOHOML-1K8» OTp8)j{88T BC8ro IlL-1Wb TO 06CTOs:lTeIlbCTBO, YTO B YVlC- TOM BV1A8 Mbl He H86JlIOfJ,8eM H\t1 cnOHT8HHOro nOps:lAK8, H\II \lie pa PX\t1 1.1; HV1 74 KOOpaUHaLjUR sbl60pa s pa3nUYHbiX X03RucmseHHbiX cucmeM8X np8BoBoro p8>KL-1M8 V1CKnIOYVlTeIlbHO Y8CTHOVI C06CTB8HHOCTIt1, L-1CKIlIOYL.1T8Ilb- HO 06ll.!eH C06CTB8HHOCT!.1, HCKIlIOY\t1TeIlbHO roCYA8PCTB8HHOH HIlVI KOMMY- H8IlbHOVl co6CTBeHHocT/II. «CM8W8HH8H 3KOHOMIr1K8» 03H8yaeT COCYLl.\8CTBO- BaH"e MeXSH"3Ma pbIH04HO" KOOPA"Ha'1"" " rOCYAspCTBeHHoro perYIl"pO- B8HHH 3KOHOMHKItI. Pe4b H8 L.1A8T 0 H8K08M «Tp8Tb8M nYTH», no KOTOPOMY "K05bl "AYT TaK"e cTpaHbl, KaK BeIl"K05p"TaH"", ABCTP"", WBe'1"", 71no- H"", IO>KHa" Kope" " T. n. 50Ilee Taro, paCW"peH"e rOCYAapCTBeHHoro ceK- Topa C HeH368>KHOCTblO 6YA8T YCL-1IlHB8Tb !.1ep8pXIt1Y8CKL-18 KOMnOH8HTbi B fJ,8HHOVl CHCTeMe X03H1cTB8HHbIX CBfl38V1. A 3TO YpeBaTO H8p8cT8HVleM TP8HC8Kl..\L-10HHbIX 1t13,Q8p)j{eK, nepe48pKL-1B81OLl.\HM 61l8rL-18 H8M8P8HL-1H, C KOTO- PbIM" CB"3aHO YC"IleH"e POIl" rocYAapcTBa B 3KOHOM"Ke. B 3TOM CMblCIle " cIleAyeT nOH"MaTb 5ecKOMnpOM"CCHOe Bb1CKa3b1BaH"e n. M"3eca: «npO"3- BOACTBO MO>KeT HanpsBIl"TbC" Il"50 pb1H04Hb1M" '1eHaM"..., Il"60 npaB"- TeIlbCTBeHHblM COBeTOM no ynpaBIleH"fO npO"3BOACTBOM. TpeTbero pewe- H"" He CYll1eCTByeT. HeB03MO>KHa TpeTb" CO'1"aIlbHa" C"CTeMa, KOTopa" 6blIla 6bl H!.1 COU,H8IlHCTV1Y8CK0L4, Hit! K8nL-1T8IlIIICTL-1Y8CKOVl».1 OCHOBHble nOHHTHfI; CnoHT8HHblVi nOp5lAOK VlepapXVl5I TpaHCaKLJ,1t10HHble Vl3,Qep)l(KIt1 npaBa C06CTB8HHOCTIt1 Cne'1"cpH'S'1"" «nepeyeHb OHOpe» 4aCTH 851 C06CTB8HHOCTb fOCY,Q8pCTB8HHa51 c06CTBeHHOCTb KOMMYHanbHa51 c06CTBeHHOCTb 06W,851 C06CTB8HHOCTb (cBo60AHbIVi AocTyn) TpareA"" 061l1"H «GMewaHHa51 3KDHOMIt1K8» spontaneous order hierarchy transaction cost property ri9hts specification «Honore's list» privat8 ownership state ownership communal ownership common ownership tragedy of commons «mixed economy» , MI13eC n. 5topOKpanM1. 3an- I1aHlilpOBaHHbl xaoc. AHTIiI- KanI1TaI1Ii1CTIiI4eCKal=! MeHTanb- HOCTb. M., 1993. C. 113. 75 
rnaea 5 Pa3Aen II. MKP03KOHOMKA 1113YY8HVle MVlKp03KOHOML-1KL-1 AaeT OTB8Tb! Ha MHOroYVlCIl8H- Hble BonpOCbl, CB"3aHHble C np05neMaM" UHou8uoyanbHoeo 8b/60pa B Pbl- HOYHOM X03f1CTBe: KaK nplt1HHMalOTcH peW8H\.1H 0 TOM, YTO np0\.13BO,lJ,L-1Tb, YTO nOKynaTb, K8K pacnp8,Q8IlJ.1Tb CBOVI C68pe>K8HVlH BO Bp8MeH\.1, K8K cp,e- IlaTb Bbl60p B nOIlb3Y AOnOIlH"TeIlbHO" PS60Tbi "Il" Aoyra " T. A. nOCKOIlb- KY pe4b "AeT a Ae'1eHTpaIl"30BaHHO" C"CTeMe, KOTOPO" " "BIl"eTCR pbIHOK, "HcpopMa'1"OHHbIM c"rHSIlOM AIl np"H"T"" peWeH"" BO Bcex YKS3aHHbiX " MHOr"X APyr"x np"MepaX BIl"eTC" L<eHa. He CIlY4S"HO "KP03KOHOM"KY KaK pa3AeIl 3KOHOM"4eCKOH TeOp"" 4SCTO Ha3blBafOT HaYKO" a '1eHo06pS30- BaH"". B '18HTpe Haw8ro BH"MaH"" " 6YAeT HSXOA"TbC" npo'1ecc YCTaHoB- Il8HII1H l!8H Ha MHoroYJ.1CIl8HHbI8 TOBapbl 14 YCIlyrVl H8 pblHKe 6Il8r, a TaJOKe YCTaHOBIleH"e '1eH HS pblHKax cpaKTopoB npO"3BOACTBa, T. e. pblHKe TpYAa, pblHKe Kan"TaIla, pblHKe 3eMeIlbHbiX pecypcoB. Oc060e BH"MaH"e 5YAeT y,QeIleHo VI T8M cnyyas:lM, KorAa 8HOB0j.1 ClI1rHan HCKa}\{88TCs:I, !.1Il 111 , APyrIt1ML-1 CIlOBaM", '1eHa AaeT HeBepHYfO "HcpopMa'1"fO a nOTpe6HOCT"X 051l1eTBa. T8KIt1M 06pa30M, HaM np8ACTaBJ.1TCH B03MO)\{HOCTb CpaBHJ.1Tb pblH04Hbllr1 M8- xaH"3M C aIlbTepHaT"BHbIM" C"CTeMaM" X03""CTBa " ASTb O'1eHKY 3cpcpeK- T"BHOCT" "X CPYHK'1"OH"pOBaH". rnaBa 5_ 05Ll\A5I XAPAKTEPIo1CTIo1KA PH04HO3KOHOMIo1KIo1 «PbIHOK He npOU3Booum npeOMemos, a nepeoaem UH- cpopMau,wo 0 HUX». (/J. A CPOH Xai)eK  1. PblHOK iii ycnoBIiIR ero B03HIiIKHOBeHIiIR B CSMOM 061l1eM B"Ae pblHOK MO>KHO onpeAen"Tb KaK CT"- X""Hbl" nopAoK. 3m xapaKTepHa" 4epTa pblHKa 05CY>KAaIlaCb B rn. 4. 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AIlH B03HLr1KHOBeHL-1H pblHK8 K8KOro-Il!.160 npo,qYKT8 B8>KH8 L-1 BeIlL-1YVlH8 TpaHC8Kl...!L-10HHbIX Vl3,qep>K8K. .o.onYCT\.IIM, Bbl pewV1IlV1 38Hs:lTbCfI Bbln8l.JKOVl n!.1- pO>KHbIX y ce6" AOMa C '1eIlbfO "X nOCIleAYfOll1e" npOAa>K" B caMblX O>K"BneH- HblX T04Kax Bawero ropoAa. OAHaKo He06xOA"MO nOIlY4"Tb pS3peWeH"e ca- H3nHA8McT8HU,VlV1 Ha no,q06HYIO A8s:1T8IlbHOCTb, flVlll,8H31./11D OT MYHHlJ,t./In8IlIr1Te- T8, BepOs:lTHO, np\.llAeTCfI nIlaTL-1Tb A8Hb p3K8TL-1P8M, eCIlL-1 peYb V1,q8T 0 HblHew- H"X POCC""CK"X YCIlOB""X " T. n. ECIl" Bce 3m TpaHCaK'1"OHHble "3Aep>KK" AIl" >KeIlafOll1HX 3aH"TbC" npO"3BOACTBOM n"pO>KHbIX Ha npOAa>KY, no npeA- B8pHTeIlbHbJM p8c4eT8M, OK8>KYTCs:I Bblwe npeAnoIlar88Moro Aoxo,qa, TO pblHOK n"pO>KHbIX TaK " He 5YAeT C03AaH. TaK"M 06pa30M, TpaHCaK'1"OHHble "3Aep>KK" onpeAeIl"fOT YCIlOB"" " rpaH"'1bl pbIH04HO" Ae"TeIlbHocm. 1I1, H8KOH8l...!, B8>KHbIM YCIlOBt./I8M B03H\IIKHOB8HL-1H pblHKa flBIlH8TCH CSO- 50,!\Hb.ii 05MeH pecypcaMH. BeAb 061l1eCTBeHHoe pa3AeIleH"e TpYAa, cne- '1HaIl"3a'1"H " 06MeH MOryT CYll1eCTBOBaTb " B "epapX"4eCK"X C"CTeMaX, rAe LjeHTp onpeAeIl"eT KOMY " 4TO npO"3BOA"Tb, KOMY " C KeM 06MeH"BaTb- C" npO"3BeAeHHo" npoAYK'1"e". TOIlbKO cB050AHbl" 05MeH, cYl11eCTBYfOl11"" B cnOHTaHHblX (CT"X""HbIX) nop"AKax, n03BOIl"eT CCPOpM"pOBaTbc" cB060A- HblM lJ,eH8M, KOTopble LII 6YAYT no,qcK83blBaTb X03s:1V1CTBeHHbIM ar8HT8M H8L-1- 50Ilee 3cpcpeKmBHbie HanpaBIleH"" "X Ae"TeIlbHOCT".  2. 3KOHOMIII'IeCKllle III He3KOHOMIII'IeCKllle 6nara. TOBap 611aro - 3TO cpeACTBO y,qOBIleTBopeHHH nOTpe6HOCT8V1 4eIlOBeKa (CM. rn. 3). CIl8AyeT yeTKO p83rpaHLIIYHB8Tb 3KOHOMVl48CKVl8 \II H83KOHOMH4eCKHe 5Ilara. 3TO pa3Il"4"eCB"3aHO C nOH"T"eM peAKOCT", 0 KOTOpOM Y>Ke WIla pe4b p8Hee. DIlaro He3KOHOMVlyeCKOe !.1MeeTCs:I B HeOrp8HL-1Y8HHOM KOJlL-1ye- CTBe. 3KOHOM!.14eCKOe 6Il8ro s:lBIlH8TCH pe,qKL-1M 6IlaroM. IIIMeHHo COOTHOW8- H"e Me>KAY nOTpe6HOCTbfO, "Il" HaA06HOCTbfO (B TepM"HOIlOr"" K. MeHre- pa, B"AHOrO npeACTaB"TeIl" aBCTp""CKO" WKOIlbl), " AOCTynHblM AIl" pacno- . pH>KeHVlH KOIlVlyeCTBOM 6nar, ,o,8IlaeT VlX 3KOHOMV1yeCKIo1M!.1 HIlH He3KOHOMV1Y8C- K!.1ML-1. T8K, eCIlV1 Bbl )\{\.1B8T8 B TaVlre, CTBOIlbl ,o,epeBbeB AIlH nOCTpOL4KVI >KHIlH- w.a H8 HBflHIOTCs:I ,QIlH B8C 3KOHOMV1yeCKIr1MLII 6Il8raMVI. Be,qb L-1X KOIllr1Y8CTBO B orpOMHoe 4"CIlO pa3 npeBblwaeT Bawy nOTpe6HOCTb B 3TOM CTpO"MaTep"a- fie. III so,qa ,qIls:! nlo1Tbs:l, eCIlIr1 Bbl >KVlBeTe H8 6epery YHCTeHwero 038P8, He 79 
Inaea 5 flBIls:l8TCH 3KOHOMIt1yeCKIt1M 6IlaroM. T8KOBbiM oa CTaH8T ,o,nH B8C IlIt1Wb B nYCTbIH8, rA8 nOTpe6HOCTb Y8IlOBeKa B nHTbe OKa3b1B88TCH BbIW8, Y8M AocTyn- Hoe AIlH y,o,OBIleTBOp8HL-1H 3TOVI nOTpe6HOCTH KOnlt1Y8CTBO BOAb!. HeoKIlacclt1Y8C- K8f! WKOIla nO,QY8pK!.1Ba8T, YTO TOBap - 3TO 3KOHOM!.1Y8CK08 6Ilaro, np8,QHa3Ha- 4eHHoe AIl" 05MeHa, HO B 3TOM onpeAeneH"" OTcYTCTByeT YKa3aH"e Ha TO, 4TO TOBap AOIl>K8H 05"3aTeIlbHO 5blTb npOAYKTOM TpYAa. TOBapbl, nOA4epK"BaeT K. MeHrep, 3TO «3KOHOMH4eCKHe 5Ilara, He3a- B"C"MO aT "X cnOC06HOCT" K nepeAB">KeH"fO, He3aB"C"MO OT Il"'1, npeAIlS- rafOl11"X "X AIl" npOAa>K", aT "X MaTep"aIlbHOCT", He3aB"C"MO OT xapaKTe- pa "X KSK npOAYKTa TpYAa, npeAHS3HS4eHHbie AIlR 05MeHa».1 Ba>KHe"W"- MH xapaKTep"CT"KaM" TOBapa "BIl"fOTC" nOTpe5HTeIlbHaR '18HHOCTb (CTO- HMOCTb) H MeHOBS" 4eHHOCTb (CTOHMOCTb).' 3T" KaT8rOp"" BBeAeHbl B HaY4Hbl" 050POT MHOro CTOIleT"" Ha3aA. Ap"CTOT8Ilb, A. CMHT, A. P"Kap- AO, T. MaIlbTYC, K. MapKC, A>K. C. M"IlIlb " MHOr"e APyr"e 3KOHOM"CTbl nOA- 4epK"BaIl" pa3Il"4"e Me>KAY nOTpe5"TeIlbHO" " MeHOBO" '1eHHOCTbfO. nOIle3HOCTb 5Ilara, ero CBO"CTBa, 6IlaroAap" KOTOpblM OHO MO>KeT YAOBIl8TBOP"Tb TY "Il" "HYfO nOTpe6HOCTb IlfOAe", AeIlafOT 5Ilaro nOTp8- 5HTeIlbHO;;; 48HHOCTblO. nOTpe5"TeIlbHa" '1eHHOCTb MO>KeT HenocpeA- CTBeHHO YAOBIleTBOp"Tb IlH4HYfO nOTpe5HOCTb 4eIlOBeKa "Il" CIlY>K"Tb cpeA- CTBOM npO"3BOACTBa MaTep"aIlbHblX 5Ilar. Hanp"Mep, xIle6, MaCIlO, KapTO- cpeIlb " T. A. YAOBIleTBop"fOT nOTpe5HOCTb B n"ll1e, TKaHb - nOTpe6HOCTb B OA8>KA8 " T. A. nOTp86HTeIlbHYIO u,eHHOCTb HM810T !.1 MHOrL-18 6nara, He C03A8HHbie 4e- IlOBe4eCK"M TPYAOM, Hanp"Mep, BOAa B "CT04H"Ke, nnOAbl A"KOpacTYll1"X Ae- peSbeB. Ho H8 BCHK08 6Ilaro, HM81OLl.\ee nOTp861t1TeIlbHYlO u,eHHocTb, HBnfl- eTCH TOB8pOM. LlT05bl 6Ilaro Morno CTaTb TOBapOM, aHa AOIl>KHO 6blTb npeAHa3Ha4eHo AIl" 06MeHa. He06xoAHMO OTMeT"Tb, 4TO nOTpe6"TeIlbHa" '1eHHOCTb 6Ilara AOIl>KHa YAoBIleTBOp"Tb nOTpe5HOCT" H8 Taro, KTO ero npO"3BeIl, a nOCTY- naTb AIl" nOTpe5IleHH" APyr"M IlfOA"M, 4epe3 06MeH " YAoBIleTBop"Tb no- Tpe5HOCT" APyr"x 4IleHOB 061l1eCTBa. MeHosafi u.eHHocTb - 3TO KOIllt1ye- CTB8HHoe oTHoweHHe, B KOTOpOM nOTp86H- TeIlbHble '1eHHOCm OAHOro pOAa 05M8H"Ba- IOTCH Ha nOTpe6101T8IlbHbl8 l...!8HHOCTJ.1 APYro- ro pOAa. Hanp"Mep, 1 Tonop 06MeH"BaeT- CfI Ha 20 Kr 38pHa. B 3TOM KOIlHyeCTBeHHOM OTHoweHHH 06MeHJ.1SaeMblx TOBapoB It1 Bbl- pS>KeHa "X MeHOBS" '1eHHOCTb. CTOPOHH"- K" TPYAOBO" TeOp"" CTO"MOCT" C4"Tan" (A. CM"T, A. P"KapAO, K. MapKc " AP.), 4TO 80 1 MeHrep K. OCHOBaHIo1S1 nOJlIo1- TIo14eCKOVI SKOHOMIo1Io1. ABcrplo1i1cKaSi WKOJla B nOIWJTIo14ecKoi1 3KOHOMIo1\11. M., 1992. C. 201-202. 2 B AopeSOntOl,\1r10HHble BpeMe- Ha \II nepsoe AeCSlTlo1neT\IIe nOCJle OKTSl6pbCKOVl peBOntOl,\\II\II 1917 r aHrI1lo1iiicK\II TepM\IIH «value» 101 He- Mel.\KIr1 «Wert)} B PyccKoliI 3KOHO M\II4eCKOVl JlIr1TepaType nepesoAIo1- JlIo1Cb CI10BOM «L4eHHOCTb». 06waR xapaKmepucmuKa pbIHOYHO[J 3KOHOMUKU TOBapbl B onpeAeIleHHblX KOIl"4eCTBax np"paBH"BafOTC" APyr K APyry, no- TOMY 4TO OH" "MefOT 051l1YfO OCHOBY - TPYA. 3TO" OCHOBO", no "X MHeH"fO, He MO>KeT 5blTb H" OAHO "3 np"pOAHbiX CBO"CTB TOBapa - Macca, 05beM, cpopMa " T. n., a TOIlbKO TPYAOBble 3aTpaTbi. H805XOA"MbIM YCIlOB"eM 06- M8Ha HBIlf!8TCH pa3IlHY!.1e nOTpe6HT81lbHbiX l...!8HHOCT8 06M8HHBaeMbix TO- BapoB, HO nOTpe5"TeIlbHble '1eHHOCT" pa3Il"4Hb1X TOBapoB, KaK Ka4eCTBeH- HO pa3HopoAHble, C T04K" 3peH"" TeOpeT"KOB TPYAOBO" CTO"MOCT" "BIl"- IOTCH KOIlL-1yeCTB8HHO HecoH3M8pHMbIMH. OAHaKo B cOBpeMeHHo" 3KOHOM"4eCKO" TeOp"" np"H"T "HO" nOAxoA, BeAYll1"" CBoe Ha4aIlO C pa50T npeACTaB"TeIle" TeOp"" npeAeIlbHo" nOIle3- HOCT": K. MeHrepa, E. 5eM-5aBepKa, "'. B"3epa. He TpYAoBa" CTO"MOCTb Il8>KV1T B OCHOB8 06M8H8, 8 non83HOCTb, npL-148M V1M8HHO np06Il8M8 cpaB- HeH"", CO"3MepeH"" pa3Il"4Hb1X nOIle3HOCTe;;; 3aHHMaeT Ba>KHe"Wee Mec- TO B It1X yyeH!.1H. ECIl" >Ke CTO"MOCTb TOBapa onpeAeIl"eTC" 3aTpaTaM" TpYAa Ha ero npo- "3BOACTBO, TO TpYAa KaKoro Ka4eCTBS " KaKOBa AOIl>KHa 5blTb npOAOIl>K"- T8IlbHOCTb 3TOro TpYAa, C03"AafOll1ero CTO"MOCTb? HenocpeACTBeHHblM "3- Mep"TeIleM TPYAOBblX 3aTpST "BIl"eTC" B TeOp"" TPYAOBO" CTO"MOCTH pa- 5048e BpeM". CTO"MOCTb TOBapa 5YAeT onpeAeIl"TbC" H8 "HA"B"AyaIlbHbIM PS504"M Bp8MeHeM, 3aTpa4eHHbiM Ha npO"3BOACTBO eA"H"'1bl TOBapa, a TaK Ha3blBaeMbiM 06U.jecmeeHHO H806xOOUMbiM pa604UM ep8M8H8M. 3Ta KaTerOp"" xapaKTep"3yeT BpeM", {(KOTOpOe Tpe5yeTc" AIl" "3roToBIleH"" KaKoVl-IlVl60 nOTp861.n8nbHOH CTOHMOCTIt1 npH H8IlL-1YHbIX 06Ll.\8CTB8HHO HOp- MaIlbHblX YCIlOB""X npO"3BOACTBa " np" cpeAHeM B AaHHoM 061l1eCTBe ypoBHe YMeIlOCT" " "HTeHC"BHOCT" TPYAa».' 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BH"THoro OTBeTa TpYAOBa" TeOp"" HS 3TOT Bonpoc He AaeT. 05paT"MC" K 60Ilee pa3BepHYTO" xapaKTep"CT"Ke TeOp"" npeAeIlbHO" non83HOCT!.1, KOTOpa.A, no MHeH\I!1O MHorHX 3an8AHbiX 3KOHOMHCTOB, npm-13- BeIla HaCTO"ll1"" nepeBopOT B 3KOHOM"4eCKO" TeOp"", cp"rYP"PYfOl11"" nOA H83B8HH8M «Cy6b8KTV1BH0I71 p8BOIlIOl...!!.1\1!». 1 MapKC K., 3HreIlbC 4>. C04. 1. 23. C.47. 81 6 KVDC3Kn"m..",u""n';; T"nn"". 
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Ho 4TO HBIl"eTC" 051l1eCTBeHHO He06xOA"MbIM BpeMeHeM B AaHHblX CIlY4a"x? MO>KHO 3aMeT"Tb, 4TO np"BeAeHHble np"Mepbl He T"n"4- Hbl, T8K K8K OHIt1 K8C81OTCH CB060AHO H8BOCnp0!.13BOAL-1MbIX TOBapOB. Tor,o,a _ APYro" np"Mep: HeCBe>K"e, a nonpOCTY TYXIlble KYP"Hble ""'1a (TOBap CBO- 50AHO BOCnpO"3BOA"Mbl"). B K"Tae (rAe TaKoro pOAa ""'1a - 6IlfOAO K"TS"- CKO" KYXH") "X CTO"MOCTb, AonYCT"M, onpeAeIl"eTC" 051l1eCTBeHHO He06- XOA"MbIM pa604"M BpeMeHeM. nepeBe3eM 3T" ""'1a (Ha noe3Ae "Il" caMO- IleTe) B POCC""CKYfO rny5"HKY. Ka3aIlOCb 5bl, CTO"MOCTb 3TOro npOAYKTa AOIl>KHa ell1e YBeIl"4"TbC" (Y4"TbIBa" 3aTpaTbi TpYAa Ha TpaHCnOpT"pOBKY), OAHaKO B POCC""CK"X YCIlOB""X ""'1a TaKoro Ka4eCTBa Bo061l1e He 6YAYT KynIl8Hbi. OHIt1 He IIIM810T nOTpe6Io1T8J1bHOVl1\8HHOCTII1, cneAOB8T8JlbHO, L-1 H8 itlM810T Bo06Ll.\e HIo1K8KO l!8HHOCT\l1. 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B 3aB"C"MOCT" OT OTB8T8 Ha 3TOT Bonpoc Y48Hbl8 p83A8IlV1IlL.1Cb Ha ABa (<JlarepH» - op.QIiIHa- l1HCTOB iii Kap.QIiIHal1HCTOB, OAH8KO CYTb 3TOVI npo6IleMbi MO)\{HO YHCH!.1Tb IlHWb nocIle 1t13YY8HItIs:I C8MOYI KaT8ropHlil np8,o,eIlbHOVl nOIl83HOCTItI, KpL-1BOVl cnpoca " APyr"x Ba>KHbIX KaTerop"" 3KOHOM"4eCKO" HaYK". 06paT"MC" K 60Ilee nOAP06HO" xapaKTep"CT"Ke np05IleMbi '1eHHOCT" B KOH'1en'1"" TeOp"" npeAeIlbHO" nOIle3Hocm. Y4eHble, pa3pa60TaBW"e 3TY TeOp"fO, - Y A>KeBOHC, A. MapwaIlIl (BeIl"K06p"TSH""), E. 5eM-5aBepK, K. MeHrep, "'. B"3ep (ABCTP""), n. 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T. e. cnoc05HoCTb Ilara YAoBIleTBopRTb KaKYfO-Il"50 nOTpe5HocTb nfOAe" , 5) KOHKpeTHYfO nOIle3HOCTb, KOTopa" 03Ha4aeT cy6beKmueHYIO OL<eH- KY none3Hocmu AaHHoro 3K3eMnIl"pa 3TOro 5Ilara. 3Ta cy5beKT"BHa" O'1eHKS 3aB"C"T OT ABYX cpaKTopoB: OT "MefOl11eroC" 3snaca AaHHoro 5Ila- ra " aT CTeneH" HaCblll1eH"" nOTpe5HOCT" B HeM (CTeneH" "HTeHC"BHOC- T" nOTpe5HOCT"). no Mepe YAOBIleTBOpeH"" nOTpe5HOCT" «CTeneHb HaCbl!:l1eH"» paCTeT, a BeIl"4"Ha KOHKpeTHO" nOIle3HOCT" (CTeneHb «HaCTORTeIlbHO" nOTpe6HOCT"») nSAseT. 3TO 03Ha4aeT, 4TO Ka>KAOe nOCIleAYfOll1ee 6Ilaro, YAOBIleTBOp" fO ll1 ee AaHHYfO nOTpe5HOCTb, 05IlaAseT MeHbwe" nOIle3HOCTbfO, 4eM peAbIAYll1ee, a np\.1 orpaHHY8HHOM 38naC8 6nara !.1MeeTCH ero ((np8AeI1bHbl» 3K3eMnm:lp, YAOBIleTBOp" fO ll1"" «HaCTO"TeIlbHYfO nOTpe5HOCTb». OTCfOAa AeIlaeTC" BbIBOA, 4TO LleHHOCTb 5Ilsra AaHHoro pOAa onpeAeIlReTCJI nOIle3HOCTbIO npeAeIlb- Horo 3K3eMnl1f1pa, YAOBl1eTBOpsuow.ero HaHMeHee HaCTOHTel1bHYK> no- Tpe5HOCTb. 3 _ II1IlIlfOCTp S '1"e" np06neMbi npeAeIlbHO" nOIle3HOCT" Y E. 5eM-5aBepKa CIlY>K"T n03a"MCTBOBaHHbl" "M "3 pa50Tbi K. MeHrepa np"Mep :' n"TbfO MeWKaM" 3epHa, KOTOPbIM" 06IlaAaeT CTap"K-OTWeIlbHHK, >K"BYll1"" B Ilecy. nOne3HOCTb 3TL-1X M8WKOB 3epH8 pacnOIla- raeTC" B y5blBafOll1eM nop"AKe: nepBbl" MeWOK ynoTpe5IleTC" AIl" YAoBIleTBope- H" caMblX HacYll1HblX nOTpe5HOCTe" n"Ta- H"", BTOPO" - AIl" YIlY4weH"" nHTaH"", TpeT"" - AIl" oTKopMa AOMaWH"X nT"'1, Y8TB8pTbll71 - AIlH H3roToBIleHVlR nHB8, nfl- Tbl" - AIl" 3a5aBbi (KopMIleH"" nonyraeB). n"W"BW"Cb KaKoro-Il"50 OAHorO MeWKa, oTweIlbHK OTK83anCH 6bl IlWb OT KopMa nonyrseB, T. e. YAoBIleTBOpeH"" Ha"MeHee HSCTO"TeIlbHO" nOTpe5HOCT". n03TOMY MeHHO 810 onp8A8IlHeTCH l...\8HHOCTb K8>K- 84 1 XaC1eK <D. nary6Ha caMOHa A8f1HHOCTb. M., 1992. C. 175. 2 6aM-6aB8pK E. OCHOBbl T80- pl.1l.1 l..\8HHOCH1 X03T1CTBeHHbIX 6Ilar. ABCTpl.1i1icKaTi WKOIla B nOIlI.1- H148CKOili 3KOHOMI.H1. M., 1992. C.262. 3 TepMIIIH «npeAeIlbHaTi nOIle3 HOCTb» 6blIl BB8AeH B 3KOHOMIII48C- KYIQ HayKY <t:>pl.1API.1XOM cpOH B1II38- paM (1851-1926), B"AHbIM npeA- CTaBm8Il8M aBcTpIIIC1cKOili WKOIlbl. 06U(aR xapaKmepucmuKa pblH04HOU 3KOHOMUKU AOro "3 n"T" MeWKOB 3epHa. no onpeAeIleH"fO 5eM-5aBepKS, «BeIl"4"Ha u,eHHOCT!.1 M8TepH8IlbHore 6Il8r8 onp8AeIlH8TCH B8>KHOCTblO TOVI KOHKp8THOVI nOTpe5HOCT" ("Il" 4aCT"4HO" nOTpe5HOCT"), KOTOpa" 3aH"MaeT nOCIle- AHee MeCTO B P"AY nOTpe5HOCTe", YAOBIleTBop"eMbIX BceM HaIlH4HbiM 3snSCOM MaTep"SIlbHbIX 6Ilar AaHHoro pOAa».' CIleAOBaTeIlbHO, nOIle3- HOCTb nOCIleAHe" eA"H"'1bl Ka>KAoro 5Ilars, T. e. eA"HH'1bl, KOTopa" YAOB- IleTBopH8T H8HM8H8e H8CTOHT8IlbHYIO nOTp86HOCTb, !.1 8CTb np8geIlbH8H. nOIle3HOCTb. no MHeH"fO CTOPOHH"KOB AaHHO" TeOp"H, cy5beKT"BHa" O'1eH- Ka Ka>KAoro 5Ilara 4eIlOBeKOM HenocpeACTBeHHO onpeAeIl"eTC" npeAeIlbHO" nOIle3HOCTbfO 3TOro 5Ilara, a 05beKT"BHble MeHOBble npOnOp'1"H "Il" '1eHbl TOBSpOB 3aB"C"T OT cy5beKT"BHb1X O'1eHOK ", B KOHe4HOM C4eTe, TO>Ke on- peAeIl"fOTC" npeAeIlbHO" nOIle3HOCTbfO (CM. TaK>Ke a npeAeIlbHO" nOIle3HO- CT" B 9 9 HaCTO"ll1e" rnaBbl). T8n8pb CT8HOBHTCH B03MO)\{HbiM 06bHCHVlTb !.1 «napagoKc CMVlT8»: HY>K- HO pa3Il"4aTb o51l1YIO nOIle3HOCTb Bcero 3anaca 5Ilara " ero npeAeIlbHYIO n0l1e3HOCTb. 06Ll.\8H nOIle3HOCTb BC8re 3an8C8 BOAbl, KOHeYHO, BblW8 06- 8171 nOIl83HOCTL-1 aIlM830B, HO l...\8HHOCTb 3TVlX 3KOHOMVl4eCK\.1X 6Il8r 06bHC- HR8TCfI np8A8IlbHol71 nOIl83HOCTblO, a OHa BblW8 Y aIlMa30B. POAOHa48IlbH\.1KOM HOBore H8np8BIleHH B T80pL-1H l...\8HHOCT!.1 VI U,8H HB- IlReTCH Bblg81OLl.\L-1V1CH aHrnVlL4CKVlII1 3KOHOMHCT A. MapwaIlIl. no ero MH8HII1IO, TeOp"" npeAeIlbHO" nOIle3Hocm CTpaAaeT onpeAeIleHHO" OAHOCTOpOHHOC- TbfO, nOCKOIlbKY 06b"CHReT '1eHHOCTb monbKO OAH"M cpaKTOpOM. W"POKO "3BeCTHO MHeH"e A. MapwaIlIla 0 He05xOA"MOCT" C"HTe3a npeAeIlbHO" no- Ile3HOCT" " "3Aep>KeK npO"3BOACTBa np" onpeAeIleHH" TOro, 4eM onpeAe- IlHeTCH CTOHMOCTb TOB8pa. «Mbl MornL-1 6bl C p8BHbiM OCHOB8HV18M cnopHTb o TOM, perYIl"PyeTc" Il" CTO"MOCTb nOIle3HOCTbfO "Il" "3Aep>KKSMH npO"3- BOACTBa, KaK " 0 TOM, pa3pe3aeT Il" KYCOK 6YMar" BepXHee "Il" HH>KHee Il83BH8 HO)l{HHl...\».2 II1MeHHo C pa50TaM" A. MapwaIlIla CB"3aH OTXOA HeOKIlaCC"4eCKO" WKOIlbl OT nonblTOK nOCTpOL-1Tb MOHVlCTHY8CKYIO T80pL-11O CTOHMOCTH H l...\eHbl. npHHl...\L-1n MOHL-13Ma o3Ha4a8T, 4TO gOIl)l{eH 6blTb H8V1AeH eAHHblM HCTO"'lHHK CTOVIMOCTVI, eAHHoe OCHOBaHiote u,eHbl, e.QHHbIM HCTO"'lHiotK ,QOXOAOB 06e- CTB8 B pblHOYHOM X03HVlCTB8. TaKL-1M 8gHHcTBeHHbiM !.1CTOYHVlKOM, H8npHM8p, B TeOp"" K. MapKca "BIl"eTC" TPYA, " TOIlbKO TPYA. TeOpeTHK" aBCTp""C- KO" WKOIlbl "ll1YT TaKoe eA"HOe OCHOBaH"e B KaTerOp"" npeAeIlbHo" nOIle3- HOCT". B TeOp"" >Ke A. MapwaIlIla onpeAeIleH"e CTO"MOCT" " '1eHbl CBOA"TC" K BblHCHeHVlIO B3aHMOAev.cTBHH pbIHO"'lHbIX CHl1, l1e>KaVlX KaK Ha cTopoHe cnpoca (npeAeIlbHa" nOIle3HocTb), TaK H npeAIlo- JKeHH" (H3Aep>KKH npoH3BoAcTBa TOBaps). no MHeH"fO A. MapwaIlIla, '1eHHOCTb TOBa- ps B paBHO" Mepe onpeAeIl"eTC" nOIle3HO- CTbfO " "3Aep>KKaM" npO"3BOACTBa. AaTb pa3BepHYTYfO xspaKTep"CT"KY j 68M-6aB8pK E. OCHOBbl T80- pl.1l.1 l..\8HHOCTI.1 x03ilicTBeHHblx 6f1ar. YKa3. C04. C. 278, 279. 2 Mapwaf1f1 A. npJIIHl..\lIInbl 3KO- HOMI.14eCK0l.1 HaYK\.1. M., 1993. 1. II. C.31-32. 85 
Inasa 5 BTOPO" CTOpOHe ("3Aep>KKaM npO"3BOACTBa) B 3TOM nspsrpacpe He npeA- CT8BIl8TCH B03MO)\{HbIM, T8K KaK p,IlH :noro HY>KHO n03H8KOM\.1TbCH C K8T8- rop"e" npeAeIlbHblX "3Aep>KeK (rn. 6), S TaK>Ke C TeOp"e" npeAeIlbHblx npo- AYKTOB " npeAeIlbHo" npO"3BOA"TeIlbHOCT" cpaKTOpOB npO"3BOACTBa (rn. 10). Ho Y>Ke 3AeCb MO>KHO 3SMeT"Tb, 4TO B TeOp"" HeOKIlaCC"KOB np" onpeAeIleH"" '1eHHOCT" TOBSpOB "CnOIlb3yeTC" cBoe05ps3Hbl" nOAxOA K O1.\8HK8 np0L-13BOp,CTB8HHbIX P8CYPCOB, H8np8BIl8HHbiX H8 \.13roTOBIl8H\I18 TO- Bapa, B TOM 4"CIle " cpaKTopa TpYAa. n04eMY OCYll1eCTBIl"fOTCR 3aTpaTbi TpYAa HS npO"3BOACTBO KaKoro-Il"50 TOBSpS (_ He TOIlbKO TPYAa, HO " APY- r"x cpaKTopoB - Kan"TaIla " 3eMIl")? nOTOMY 4TO 051l1eCTBO "CnblTblBseT nOTp86HOCTb B K8Koli1-TO KOHKp8THOCi nOIl83HOCTL-1. IIIM8HHO 1.\8HHOCTbKl 3TO. ro TOBapa, 3TO" nOIle3HOCTbfO " 5YAYT onpeAeIlRTbc" '1eHHOCT" 3aTpaT TPY- AS, Kan"TaIla " 3eMIl". II1MeHHo '1eHHOCTb KOHe4Horo TOBapa onpeAeIl"eT '1eHHOCTb TOro "Il" "HOro cpaKTopa npO"3BOACTBa, MacwTa5s era np"MeHe- HL-1H L-1 B l!8IlOM - S8IlL-1YL-1HY 1r13Aep>K8K np0L-13BOp,CTB8. CTOVlMOCTb roTOBOro TOB8p8 BMeHfleTCfI CTOItIMOCTL-1 ItICnOIlb30B8HHbiX npH 8ro !.13rOTOBIleH!.1\.1 cpSKTOpOB npO"3BOAcTBa. nO"CH"M 3TOT np"H'1"n Ha KOHKpeTHblx np"Mepax. PS3pa60TKa HecpTRHblX MeCTOpO>KAeH"", A05bl4S HecpT" " npO"3BOACTBO 5eH3"Ha oCYll1eCTBIl"fOTC" nOToMY, 4TO IlfOA" '1eHRT TaKoe 6Ilaro, KaK SBTO- M06\o1Ilb. 48M BblW8 Ol.\eHKJ.1 nOIl83HOCT\.1 3TOro 6Il8r8, TeM B 60IlbW\I1X Macw- Ta5sx 5YAYT OCYll1eCTBIl"TbCR 3aTpaTbi TpYAa " APyr"x cpaKTopoB HS A05bl4Y HecpT" " "3roTOBIleH"e 5eH3"Ha. He nOToMY Aopor 5eH3"H, 4TO BbICOK" 3aTpa- Tbl Ha A06bl4Y HecpT", S Ha050por: "3-3a BbICOKO" '1eHHOCT" AIl" aBTOM05"Il"- CTOB 6eH3"Ha 5YAYT BbICOK" " 3aTpaTbi Ha A06bl4Y HecpT". 3TOT np"H'1"n E. 5eM-5aBepKoM on"CaH TaK: «He nOToMY AOporo TOKa"cKoe B"HO, 4TO AO- por" TOKa"CK"e B"HOrpaAH"K", S Ha060p0T>'.' Ha4"Ha" C pa50T A. Map- waIlIl8, B 3KOHOM\.1Y8CKOVI T80p\.1\.1 OTY8TIl\l1BO npOHBL-1IlCH OTXOp, OT nO\.1CKOB Cy6CTSH'1"" CTO"MOCT" _ nepexoA K CPYHK'1"OHaIlbHoMY aHSIl"3Y, K OOHO- speMeHHoMY onp8A8Il8H\.11O B38V1MOBIlHHH\.1 l!eHbl !.1 cnpoc8-np8p,IlO)\{8HVlH.  4. npOIllCXOJKAeHllle AeHer Bonpoc 0 npO"CXO>KAeH"" AeHer pa3Il"4HbIM" TeOpeT"4eC- K\.1M\.1 WKOIlaML-1 CB3bIBaeTCH C npOl.\eCCOM p83BL-1TL-1H 06M8H8. II1CCIleAOBaTb npO"CXO>KAeH"e AeHer - 3TO "CCIleAOBSTb pa3B"T"e TOp- roSIlL-1, 06M8H8, B03HL-1KHOB8HL-18 TOro 3T8n8 Y8IlOB848CKOVl l.\HBV1IlL-138l!L-1H, KOTOpblVl "'. Xa"eK Ha3BSIl «paCW"peHHbIM nop"A- KOM 4enOB8Y8CKOro COTPYAHL-1Y8CTsa». CaMO" npOCTO" cpOpMO" 05MeHa "BIl"- eTC" 5apTep. 5apTep - 3TO HenocpeACTBeH- 1 5eM-5aBepK E. OCHOBbl Teo- plo1lo1 u,eHHOCTIo1 x03liicTBeHHb1X 6Jlar. YKa3. COY. C. 334. 86 06U4aR xapaKmepucmuKa pblHOYHOU 3KOHOMUKU Hbl" 06MeH OAHOro TOBapa Ha APYro". Hanp"Mep, 3eMIleAeIle'1 06MeH"Ba- eT 500 Kr 3epHa Ha OAHY KOPOBY, np"HSAIle>Kall1YfO CKOTOBOAY. OAHaKo 5ap- TepHble CAeIlK" MorYT 5ecnpen"TcTBeHHo oCYll1eCTBIl"TbC" n"Wb np" orpa- H"4eHHOM Ha60pe npeAIlsraeMblx K 06MeHY TOBapoB. KOIl"4eCTBO Y4aCTH"- KOB np" 5apTepHoM 06MeHe TaK>Ke OrpaH"4eHo. np" BOBIle4eH"" B TOproB- IlfO 50IlbWOro KPyra X03""CTBYfOll1"X cy5beKToB 5apTep HaTaIlK"BaeTC" Ha cepbe3Hble_ 3aTpYAHeH"". Hanp"Mep, Bbl XOT"Te 05MeH"Tb CBOfO nWeH"'1Y Ha MeAHbl" KYBW"H, HO BIlSAeIlb'1Y KYBW"Ha He Tpe5yeTc" Bawe 3epHO. nOTpe5yeTc" MHO>KeCTBO npOMe>KYT04HbIX TOproBblX CAeIlOK, npe>KAe 4eM Bbl H8KOH81.\ CT8H8Te 06Il8p,aT8Il8M KYBWL-1H8. 3TO 3aTPYAHe"e, OTMe4aIl K. MeHrep, Ka3aIlOCb 5bl HenpeOAOIl"MbIM, eCIl" 5bl «B CaMO" np"pOAe Bell1e" He CYll1eCTBOBaIlO cpeACTBa, KOTOpoe caMO no ce5e " 5e3 BC"KOro... COrnaWeH"" "Il" rocYAapcTBeHHoro np"HY>K- AeH"" np"BOA"T K peWeH"fO YKs3aHHoro 3sTpYAHeH""»' AeIlo B TOM 4TO no Mpe pa3B"T"" _05MeHa B pS3HbiX per"OHaX BbIAeIl"eTC" TOBap, 06Il'aAa- fOl11"" Hs"50IlbWe_ cnoc05HOCTbIO K C5blTY (TepM"H K. MeHrepa). Bblpa- >KaCb COBpeMeHHblM R3bIKOM, pe4b "AeT a TOBape, 05naAafOll1eM Ha"60Ilb- we" IlHKBHAHOCTblO. n"KB"AHbl" TOBap ("Il" Ilf050e APyroe 5Ilaro) - 3TO IlerKOpeaIl"3yeMbl" TOBap. C nOH"T"eM Il"KB"AHOCT" Mbl ell1e 5YAeM Heo- AHoKpaTHo BCTpe4sTbc" B nocIleAYfOll1"X rnaBax Y4e5H"Ka. nOK8 HaM Tpe6yeTc BblflCH\.1Tb, OT yero >Ke 3aB\.1CL-1T cnoc06HOCTb TOB8- pa K C6bITY, "Il" Il"KB"AHOCTb. Bo-nepbIX, 3Ta cnoc06HOCTb OrpaH"yeHa KPyroM Il"'1, KOTOpblM MO>KHO C5blTb CBO" TOBap. BIlaAeIle'1 TOBapa He MO>KeT npOAaTb CBO" TOBap TeM IlH'1aM, KOTopble He "MefOT nOTpe6HOCT" B H"X; KOTOpble B C"IlY npaBOBblX " cp"3"4eCK"X CHOBaH"" OTCTpaHeHbl OT "X np"06peTeH""; KOTOpble He 3Ha- lOT 0 nOHB\I1BW8L-1CH B03MO>KHOCTH 06MeH8 (MaIlOH3BeCTHbI8 TOBapbl 06Il8A81OT BeCbMa OraH"4eHHO" cnoc06HOCTbfO K C6bITY) " B C"IlY ell1e HeKOTOpblX or- paHHyeHVlL-1. B,O-BTOPbIX, cnoc06HOCTb TOBapOB K C6blTY OrpaH"4eHa 05IlaCTbfO, B KO- Topm" TOB8p MO>KeT HaL4TL-1 C6bIT. 3TO 03H8ya8T, 4TO nOMHMO H8IlIIIY\.1H Kpyr8 Il"'1, ,KOTOPbIM MO>KHO C5blTb TOBap, He AOIl>KHO 6blTb HenpeOAOIl"MbIX npen"T- CTB"" (cp"3"4eCK"X "Il" npaBOBblX) np" TpaHcnopmpOBKe TOBaps B AaHHYfO MeCTHOCTb; TpaHcnopTHbl8 H3,q8p>KKH He AOIl>KHbl 6blTb CIlL-1WKOM BbICOK!.1. B-TpeTb"X, cnoc05HOCTb TOBapOB K C6blTY OrpaH"4eHa KOIl"4eCTBeHHO 3Ta CnOCO?HOCTb OrpaH"4eHa pa3MepaM" ell1e HeYAOBIleTBopeHHblx no: Tpe5HOCTe"; KpOMe TOro, BcerAa cYl11eCTBYfOT rpaH"'1bl KOIl"4eCTBeHHoro 05beMa c5blTa, C"IlbHO pa3Il"4SfOll1"eC" Y pa3Hbix TOBSpOB. TaK, K. MeHrep npeAIlars- eT CpaBH"Tb cnoc05HOCTb K C5blTY ,aKoro- Il"50 HaY4Horo TpSKTSTa a nepyaHCK"X ApeBHoCT"X " cnoc05HOCTb K C6blTY M"Ca "Il" xIle5a. 1 MeHrep K. OCHOBaHIo1 nOJlVl- H1yeCKOVl 3KOHOMIo1Io1. ABCTpl.1liicKa WKOJla B nOJlIo1Tlo1yeCKOVl 3KOHOMIo1I.1. M., 1992. C. 218. 87 
rnaea 5 B-4eTBepTbIX, CnOC06HOCTb K C6blTY 3aB"C"T aT npOMe>KYTKa BpeMeH", B T8Y8H1-18 KOTOpOro B03MO>KeH C6bIT. 3TH p83IlIIIYH TOBapOB CTaHYT HCH88, eCIl" CpaBH"Tb B03MO>KHOe BpeM" peaIl"3a'1"" CBe>Ke" KIly6H"K", YCTP"'1, Kon48HOVl KOIl6aCbJ, nOIlL-1THyeCKL-1X r838T, OCTpOMOAHblX TOB8pOB L-1 1. ,0..1 II1TaK, TOBSP, "MefOl11"" Ha"50IlbWYfO cnoc05HOCTb K C5bITY, CTaHOB"T- C" AeHbrSM". AeHbrH - 3TO S5COIllOTHO IlHKBHAHoe cpeACTBO 05MeHa. .o.eHbrH ftBflHIOTCH OAHHM L-13 H8H60Ilee 3H8YHTeIlbHblX KOMnoH8HTOB 3KOHO- M"4eCKO" >K"3H" 051l1eCTBa. OH", KSK "CHO "3 npeAblAYll1ero aHSIl"3a, no- HBVlIlVICb Ha onp8A8Il8HHOM 3T8ne pa3BIIITHH X03HVlCTB8HH0L4 >KV13H\.1 06Ll.\8- CTBa, HO He KaK npOAYKT KaKoro-Il"50 3aKOHOAaTeIlbHoro aKTa roCYAapCTBS, a KaK pe3YIlbTaT pa3B"T"R 3KOHOM"4eCKHX OTHOWeH"", KSK pe3YIlbTST ecme- cmseHHoQ X03f1CTB8HH0I71 >KV13HH IlIOA8. 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Ta >Ke 3aB"C"MOCTb MO>KeT 6blTb CcpopMyn"pOBaHa "Ha4e: eCIl" Ha pblHOK nOCTY- na8T 60f1bWe8 KOIlL-1Y8CTBO K8KOrO-IlL-160 TOB8pa, TO, nplt1 npOYIliX paBHbJX YCIlOBHHX, OH MO}f{8T 6blTb pe8IllA30B8H no M8H8e BblCOKOiii u,8He. 3aKOH cnpoca L-1M8eT CV1IlY B OTHOW8HL-1L-1 np8KTL-1Y8CKL-1 Bcex TOBapOB. KOHcp"rypa'1"" KP"BO" cnpoca " 3aKOHOM8PHOCT" nOTpe5"TeIlbCKoro nOBe- ,Q8HIIIH MorYT 6blTb 06bflCHeHbi npL-1 nOMOli..\L-1 ABYX 1I13B8CTHbJX B 3KOHOMHY8C- KO" TeOp"" 3cpcpeKTOB: 3c1>cI>eKTa AOXOAa H 3c1>cI>eKTa 3aMell1eH..H. 3cpcpeKT AOXOAa nOKa3blBaeT, KSK "3MeH"eTC" peaIlbHbl" AOXOA nOTpe- 5"TeIl" " ero cnpoc np" "3MeHeH"" '1eH Ha TOBapbl. Hanp"Mep, np" CH"- >KeH"" '1eHbl ,,5IlOK B 3 pa3a (c 3 AO 1 AOIlIl. 3a Kr) Bbl Ha CBO" nocTo"HHbl" AOXOA B 300 AOIlIl. CMO>KeTe Kyn"Tb Y>Ke He 100 Kr, a 300 Kr "6IlOK. ECIlH >Ke Bbl XOTL-1T8 coxpaHHTb CB08 nOTp86Il8HY18 H6IlOK Ha npe}f{H8M ypoBHe, T. e. 100 Kr, TO Ha «BbICB060>KAeHHble» AeHbr" MO>KHO np"06peCT" AonOIlHHTeIlb- Hoe KOIl"4eCTBO M"CS, KOHcpeT "Il" APyr"X TOBapOB. nOH">KeH"e '1eHbl TO- Bapa CAeIlSIlO Bac peaIlbHO 60ra4e " n03BOIl"IlO paCW"p"Tb 06beM cnpo- CS, B 4eM " 3aKIlf04aeTC" CMblCIl 3cpcpeKTS AoxoAa. CIleAyeT OTMeT"Tb, 4TO Aa>Ke nOCIle TOro, KaK pOCT cnpoca AaHHoro nOTpe5"TeIl" cpSKT"4eCK" np"- oCTaHoBHIlcH, nplll ,qaIlbHeCiw8M nOHII1>K8HL-1H Ll8Hbi CYMM8 nOKynoK Ha PbIH- K8 6y,q8T YB8IlL-1YHB8TbCH B CBH3V1 C T8M, YTO IlIOAL-1 C 60Ilee HH3KIt1M ypOB- HeM AoxoAa Ha4HYT YAoBIleTBop"Tb CBO" nOTpe5HOCT". 3cpcpeKT 3aMell1eH"" AeMOHCTp"pyeT B3S"MOCB"3b Me>KAY OTHOC"TeIlb- HbIM" '1eHaM" TOBapoB " 05b8MOM cnpocs nOTpe6"TeIl". CHH>K8H"e '1eH Ha ,,5IlOK", KSK B HaweM np"Mepe, np" He"3MeHHOM ypoBHe '1eH Ha APyr"e TOB8pbl 03H84a8T HX OTHOCL-1T8IlbHOe y,q8weSJ18HVle no Cp8BH8HIAIO, Hanp\l1- Mep, C rpywaM", CnHBaM" " AP. nOTpe6"TeIlb Ha4HeT 3aMell1aTb OTHOC"- TeIlbHO 60Ilee AOpOr"e rpyw" nOKynKO" 50nee AeweBblx "5IlOK " KynHT "X He 100, a 150 "Il" 200 Kr. 3cpcp8KT oxoAa " 3cpcpe'T 3aM81l1eH"" Ae"CTBYfOT He "30Il"pOBaHHO, a BO B3a"MOAe"CTB"" APyr C APyroM, " B pa3n"4HblX C"Tya'1""X MO>KeT npe- 06Il8AaTb 60Ile8 CL-1IlbH08 BIlHflH\I1e OAHOro 1113 HL-1X. B cIr1Tyau,L-1HX C nOKynKoVl HOpMSIlbHblX TOBapOB (T e. TOBSpOB, cnpoc Ha KOTopble YBeIl"4"BaeTC" no Mep paCTa AoxOAa nOTp85"T8Il") 3cpcpeKT AoxoAS " 3cpcpeKT 3aMell1e- H!.1f1 A8L-1CTBYIDT B OAHH8KOBOM Hanp8sIl8HHH, Bb13b1B8s:1 60IlbWL-1V1 06b8M cnpoca npV1 CHL-1)\{eHIt1L-1 U,8H Ha TOB8pbl. 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B 3KOHOM"4eCKO" TeOp"" CYll1eCTByeT On"CaH"e " TaKO" C"Tya'1"", Kor- Aa CH">KeHHe '1eHbl np"BOA"T K YMeHbWeH"fO cnpoca, S YBeIlH4eH"e '1eHbl - nOBblWeH"fO cnpoca Ha TOBap. 3TS C"Tya'1"" Ha3bIBSeTC" 3<jJ<jJeKTOM rH<jJ<jJeHS, a H"3W"" TOBap, KOTOpbl" 3aH"MaeT 3HS4"TeIlbHOe MeCTO B CTpYKType nOTpe5IleH"" (Ha Hero np"XOA"TC" 60IlbWa" AOIlR 5fOA>KeTa Bcex nOTpe5"TeIlbCK"X paCXOAOB), Ha3b1BaeTC" TOBapOM rH<jJ<jJeHS, no "MeH" aHrn""CKoro 3KOHOM"CTa P. r"cpcpeHa (1837-1910). npeAnoIlaraeTc", 4TO r"cpcpeH On"CaIl 3TOT 3cpcpeKT, KorAa Ha5IlfOAaIl, KaK 5eAHbie pa504"e ce- Mb" paCW"p"fOT nOTpe5IleH"e KapTocpen", HecMoTp" Ha ero nOAOpO>KaH"e. 06b"CHeH"e CBOA"TC" K TOMY, 4TO KapTOcpeIlb 3SH"MaeT 50IlbWYfO AOIlfO paCXOAOB Ha eAY B 5eAHbix CeMb"X. 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II1MeHHO 3KOHOM"4eCKa" cB050Aa n03BOIl"eT PblHKY r"5KO p8ar"pOBaTb Ha H3M8HfllOLl.\\.1eCH YCIlOBHH III 06ecne4V1B8Tb KaK Y8CTH4Hoe, T8K VI 061l..\88 paBHOBeC11e.  8. 3naCn'''IHOCTb cnpoca III npeAnO>KeHlllfl PaCCMOTpeB OCHOBbl pblH04Horo p8BHOBeCV1H, Mbl nOK8 8Ll.\e He BblflCHV1IlH, n04eMY KPHB8H npe,qIlO>KeHHfI BblrIlHAHT T8KIIIM, a He V1HbIM 05pa30M, " n048MY "MeHHO TaK"M, S He "HbIM 05pa30M BbllIl"AHT Kp"Ba" cnpoca. B CBOIO 04ep8Ab, 8CJlH Mbl H8 BblHCHHM :noro, TO He nOi71MeM, OT48- ro Kp".Ba" npeAIlO>KeH"" nepeceKaeTCR C KP"BOil cnpoca B AaHHO", a He B APYro" T04K8. B CB"3" C 3T"M 3aB"C"MOCTb BeIl"4"Hbl cnpoca " npeAnO>Ke- H"" OT COOTBeTCTBYfOll1e" pbIH04HO" '1eHbl TOBapa HY>KAaeTC" B 50Il88 Ae- TanbHOM p8CCMOTp8HHV1. Pa3Il"4Hble TOBapbl OTIl"4afOTC" APyr aT APyra no CTeneH" peaK'1"H cnpoc " npeAIlO>KeH"" Ha "3MeHeH"8 '1eHbl. PaCCMOTp"M TP" Bap"aHTa KP"BO" cnpocs (P"c. 5.6). OCHOBHblM MOMeHToM, Ha KOTOpbl" HY>KHO 05pa- T"Tb BH"MaH"e, "BIl"eTC" 3AeCb 051l1a" cYMMa AeHer, KOTOpyfO nOKynaTeIl" ynIla4"BafOT npoAaB'1aM. 051l1aR BblpY4Ka, HIlH BSIlOBOii AOXOA, npoAaB- '1a BcerAa paBHS '1eHe, YMHO>KeHHO" Ha KOIl"4eCTBO npoAaHHoro TOBapa, Il" npO"3BeAeHHfO P x Q. Ha P"C. 5.6a npeACTaBIleH CIlY4a", KorAa naAe- H "e '1eHbl B 3 pa3a Bbl3BaIlO pOCT cnpoca TO>Ke B 3 pa3a, " 061l1a" BblPY4Ka e "3MeH"IlaCb. Ha P"c. 5.66 CH">K8H"e '1eHbl B 3 pa3a conpoBo>KAaIlocb CTOM 3sKynoK IlHWb B 2 pa3a, " 061l1s" BblpY4Ka COKpaT"Ilacb. Apyra" Ty a '1"" npeACTBBIleHa Ha P"C. 5.6B. BblpY4Ka B03pacTaeT, nOTOMY 4TO 05beM cnpoca BblpOC 60IlbW8, 4eM ynaIla '1eHa. 101 
Inasa 5 p p p 3 3 2 2 I I I I I - - 1- - - I I I I I I I 1 - - -J- - - - - -, I I I I 1 o 1 a) Puc. 5.6. 3 Q 0 5) 1 2 2 3naCmU'"IHOCmb cnpoca 3 2 -- 1---:- 3 o 0 B) 3 Q 1 2 To, B KaKo" Mepe 05beM cnpoca Ha pblHKe B03pacTaeT np" AaHHoM CHH)\{eHL-1V1 Ll8Hbi HIlItI cOKpa88TcH nplll A8HHOM nOBbIW8HL1H l!eHbl, X8- paKTeplr13Y8T CTeneHb 311aCTH"IHOCTVI cnpoca B 38BHCHMOCTL-1 OT l..\eHbl. K03CPCP"'1"eHT 3IlaCT"4HOCTH cnpoca B 3aB"C"MOCT" aT '1eHbl (E P ) D npeACTaBIlHeT c060111 OTHoweHV18 L13M8HeHVlH 06b8Ma cnpoca K BbI3B8B- weMY ero 1t13MeHeH\.11O Ll8Hbl: E P = /'"Ql1P D Q P (3) K03CPCP"'1"BHT 3IlaCT"4HOCT" nOKa3blBaeT, Ha CKOIlbKO npO'1BHTOB MeH"- eTCR pa3Mep cnpoca Ha TOBSp B pe3YIlbTaTe "3MBHeH"" ero '1eHbl Ha OA"H npO'1BHT. KorAa CH">KeH"e '1eHbl B T04HOCT" KOMneHC"pyeTc" COOTBBTCTBY- IOI.1.\HM pOCTOM BeIlL1l.JVlHbl cnpoca, T8K YTO 06Ll.\8H BblPYYK8 OCTaeTCH HeL13- MeHHO" (P"c. 5.6a), Mbl rOBOp"M a eA"H"4HO" 3IlSCT"4HOCT" cnpoca (ED = 1). KorAa CH">KeH"e '1eHbl Bbl3blBaeT MeHbW"" pOCT 05beMa cnpoca (P"c. 5.65), cnpoc He3IlaCT"4eH (ED < 1). KorAa CH">KeH"e '1eHbl Bbl3blBaBT 50IlbW"" pacT BeIl"4"Hbl cnpocs (P"C. 5.6B), Mbl roBOP"M 05 3IlaCT"4HOM cnpoce (ED> 1). K03CPCP"'1"eHT 3IlaCT"4HOCT" cnpoca no '1eHe, KaK npaB"- IlO, HBIlH8TCH OTpHLl8T8IlbHO BeIlVlYHHOVl; OAHaKO B 3KOHOMHY8CKOVI T80pVl!.1 np!.1HHTO nOIlb30BaTbCH 86cOIlIOTHbiM 3HayeHL-1eM 3Tore nOK838T8IlH, H8 npL-1HIIIM8H BO BHL-1M8- HL-18 3H8K «MVlHYC».1 H8 CTeneHb 3IlaCTHYHOCn1 cnpoc8 BIlL-1- "eT '1eIlbl" P"A cpaKTopOB: HaIl"4"e TOBa- pOB-cy6cmumymoB (T. e. B3a"M03aMeH"B- 102 1 HanplllM8p, nOSblW8HIIIB L\8H Ha f'l6nOKIII Ha 10% Sbl3Bano YM8Hb- weHIIIB SBnlll4111Hbi cnpoca Ha 5%. K03cPcPlIIL\IIIBHT 3naCTIII4HOCTIII pa- B8H: (-5%)/10% ::; -0,5. Ho Hac 6y ,QeT IIIHTepeCOBaTb a6comOTH08 3Ha48HIo1B, KOTOpOB pasHo 0,5. Q6U{aR xapaKmepucmuKa pblHOYHOU 3KOHOMUKU MblX TOBapoB, Hanp"Mep, 4a" " Kocpe), pa3Mep AoxoAa nOTpe5HTeIlR, Ka4e- CTBO TOB8pa, y,q8IlbHb1Vl B8C TOB8p8 B 61O,Q>KeTe nOTpe6L-1TeIlH, HBIlH8TCH IlVt TOBap npeAMeTOM POCKOW" "Il" npeAMeTOM nepBO" He05xOA"MOCT", O>K"- AaH"" nOTpe6"TeIl" " T. A. K8K Y>K8 OTM8Y8IlOCb, cnpoc H8 A8HHbl Toaap 3aBIt1CHT He TOJlbKO OT ere '1eHbl, HO " aT '1eH Ha APyr"e TOBapbl. 3AeCb HY>KHO OTMemTb, 4TO nOM"MO TOBapoB-cy5CT"TYTOB, CYl11eCTBYfOT " TOBapbl - KOMnneMBHmbf (B3a"MOAO- nOIlH"eMble TOBapbl, Hanp"Mep, cpOTosnnapaTbl " cpOTonIleHKa). nOM"MO 3T"X rpynn TOBapOB, CYl11eCTBYfOT " He3aBUCUMbiB TOBapbl (Hanp"Mep, Ka- paHAaW" " MOIlOKO). 3IlaCT"4HOCTb cnpoca Ha OAHH TOBap OTHOC"TeIlbHO '1eHbl Ha APYro" TOBap Ha3b1BaeTC" nepeKpBcTHoi1 3IlSCTH4HOCTblO. K03cp- cp"'1"eHT nepeKpeCTHO" 3IlaCT"4HOCT" cnpoca npeACTaBIl"eT c060" OTHO- weHHe Vl3MeHeHHfI cnpoca H8 Toa8p j K Sbl3BaBweMY ere H3MeHeHIo11O l!8Hbl Ha TOBap j: EP = /'"Qi /I,,['j il Q .' P . . 1.1 (4) np" "3MeHBH"" '1eHbl Ha TOBap-cy5cmTYT K03CPCP"'1"eHT nepBKpeCTHO" 3IlaCT"4HOCm oKa3blBaeTCR 50Ilbwe HYIl" (pOCT '1eH Ha Kocpe Bbl30BeT pacT cnpoca Ha 4a,,); np" "3MeHeH"" '1eHbl TOBapa-KOMnIleMeHTa K03CPCP"'1"BHT nepeKpeCTHOH 3IlaCT"4HOCT" oKa3blBaeTC" MeHbWB HYIlR (pOCT '1eHbl Ha cpOTOnIleHKY BBAeT K YMeHbWeH"fO cnpoca Ha cpOToannapaTbl). np" "3MeHe- HH" '1eHbl He3aB"C"MOro TOBapa K03cpCP"'1"eHT nepeKpeCTHO" 3IlaCT"4HOCT" paBBH HYIlfO (pOCT '1eHbl Ha KapaHAaw" He "3MeH"T cnpoc Ha MOIlOKO). CIleAyeT TaK>Ke OTMemTb, 4TO KOIle5aH"" '1eH TOBapOB C pa3Il"4HO" 3JlaCTHYHOCTbIO cnpoca no-p83HOMY BIlL-1f1IOT Ha L13MeHeHVte LleH OCTaJ1bHbIX TOB8pOS. T8K, eCIlH u,eHa Tosapa C He3IlaCTVll.JHbIM cnpOCOM B03p8CT8eT, TO 051l1"B paCXOAbl Ha nOKynKY 3TOro TOBspa paCTYT, 4TO np" He"3MeHHOM AO- xOAe np"BOA"T K COKpall1eH"fO cnpoca Ha APyr"e TOBapbl, a CIleAOBaTeIlb- HO, It1 K CHH>KeHL11O V1X l!eH. KorAa Mbl roBOP"M a cnpoce, TO nOApa3YMeBaeM, KOHe4HO, nIlaTe>KeC- nO05Hbl" cnpoc. n03TOMY, KaK Y>Ke 5blIlO nOKS3aHO paHee, OAH"M "3 Ba>K- He"w"X cpaKTopOB, BIl""fOll1"X Ha cnpoc, "BIl"eTC" ypOBeHb AOXOAOB. np" 113MeH8HVIVI AOXOAOB cnpoc H8 TOBapbl H3MeHH8TCH no-p83HOMY. B CBH3V1 C T"M Mbl roBOP"M 06 3IlaCTH4HOCTH cnpocs B 3SBHCHMOCTH aT AOXOAa. YaCTHOCTVI, XopOWO 1113B8CTHO, 4TO 1t13MeH8Hllle AOXOgOB nOKynaTeIleVl OKa- 3blS8eT ropa3,Q0 60Ilbwee B03AeVlCTBL-1e Ha nOKynKH TOB8pOB AIlHT8IlbHOro nOIlb30BaH"", 4eM Ha nOKynK" npOAOBOIlbcTBeHHblX TOBapOB. Apyr"M" CIlO- BaMIit, 3JlaCT!.14HOCTb cnpOC8 H8 npOMblWIl8HHbl8 TOBapbl 06bll.JHO 6bJBaeT 60Ilbwe. 103 
Inasa 5 BIl""H"e AOXOAa HS cnpoc OnpeAeIl"fOT K03CPCP"'1"eHTOM 3IlSCT"4HOCT": E 1 = L'lQ . M D Q' I rAe E 1 - K03cpcpH'1"eHT 3IlaCT"4HOCT" cnpoca B 3aB"C"Mocm aT AO- D _ xOAa, Q - BeIl"4"Ha cnpoca, a I - AOXOA nOKynaTeIle". AIl" 50IlbW"HCTBa TOBapOB 3aB"C"MOCTb Me>KAY AOXOAaM" " cnpOCOM np"Ma", T. e. C pOCTOM AOXOAOB cnpoc YBeIl"4"BaeTc". OAHaKO B HeKOTO- pblX CIlY4a"x 3aB"C"MOCTb MO>KeT 5blTb 05paTHO". 05bl4HO 3TO KacaeTCR, KaK OTMe4aIlOCb B S 7, TOBapoB H"3KOro Ka4eCTJ3a, C H"3K"M" nOTpe5"TeIlb- CK"M" CBo"CTBaM", KOTopble nOTpe5Il"fOT Ha"50Ilee 5eAHbie CIlO" HaceIle- H"H. C pOCTOM AOXOAOB TaK>Ke 05bl4HO naAaeT cnpoc Ha TaK"e npoAYKTbl n"TaH"R, KaK xIle5 " KapTocpeIlb, nocKoIlbKY nOTpe5"TeIl" nOIlY4afOT B03- MO>KHOCTb BKIlf04aTb B CBO" pa'1HOH 50Ilbwe M"ca, OBOll1e" " CPPYKTOB. Ha OCHOBe aHaIlH38 B3aHMOCBH3V1 M8)I{,QY H3MeHeHVleM AoxoAa L-1 cnpo- COM Ha pa3Hbie TOBapbl MO>KHO nOCTpO"Tb rpacp"K «AoxoA-paCXOAbl» An" oTAeIlbHoro 5Ilara (np" npeAnOIlO>KeH"", 4TO '1eHa 5Ilara OCTaeTC" He"3- MeHHO"). TSK"e rpacp"K" Ha3blBafOT KpHBblMH 3HreIl".' Ha P"c. 5.7 nOKa- 3aH np"MepHbl" B"A KP"BbIX 3HreIl" AIl" HopMaIlbHblx TOBapoB (Kp"Ba" E,), npeAMeToB POCKOW" (Kp"Ba" E,) " H"3KOKa4eCTBeHHbIX TOBapoB (Kp"Ba" E 3 ). Ha OC" a5c'1"cc OTKIlaAbIBaeTC" ypOBeHb AOXOAa (I), a Ha OC" OPA"HaT - paCXOAbl Ha nOTpe5IleH"e ASHHoro 5Ilsrs (C). P8CCY>KA8HHH OTHOCHTeIlbHO 3IlaCTL-1YHOCTIt1 cnpoca B l...\eIlOM MorYT 6bITb np\.1MeHeHbl VI npLo1 8H8IlH38 B03A8ViCTBL-1H l...\8Hbl Ha np8AIlO>K8HHe. 311aCn1l4- HOCTb npeAJ10>KeHH - 3TO nOK838TeJlb OTHOCL-1TeIlbHoro Lo13M8H8HL-1H np8,Q- Ilar8eMoro H8 pblHKe KOIlHyeCTB8 TOBap8 B COOTBeTCTBl1\r1 C OTHOCL-1T8IlbHbIM "3MeHeH"eM KOHKypeHTHo" '1eHbl. K03CPCP"'1"eHT 3IlaCT"4HOCT" npeAIlO>Ke- (5) c E, E, , 3pHCT 3HreJlb (1821-1896)- HeMeLl,K!iI CTaTcn1K, 3aHVlMaB- WVl!ilC aHaJl30M BJlVlH 3Me- HeHVI AOXOA8 H8 CTPYKTYPY nOTpe 6TeJlbCKX pacxoAoB. o I Puc. 5.7. KpUBbie 3H2enR 104 06U4aR xapaKmepucmuKa pblH04HOO 3KOHOMUKU p Es< 1 o Puc. 5.8. Q 3nacmu4Hocmb npeOnO}l{eHUR H"" (E P ) npeACTaBIl"eT c060" OTHOWeH"e "3MeHeH"" npeAIlO>KeH"" K S Bbl3B8BW8MY ero H3M8H8HV11O U,8Hbl: E P = L'lQ . M SQ' P (6) Ha P"C. 5.8 nOKa3SHbi TP" Il"HH" npeAIlO>KeH"" C pa3Ho" 3Ilacm4HOC- _TblO. 3Il8CTVlYHOCTb npeAIlO>KeH\r1f1 TOB8pa 38BVlCL-1T OT MHOr\r1X cpaKTopoB: OT CTPYKTYPbl "3Aep>KeK Ha pa3HbiX npeAnp""T""X, CTeneH" 3srPY3K" npO"3- BOACTB8HHblX MOHOCT8V1, H8IlHY\r1H cB060AHOVi pa60Y8Vi C\.1Ilbl, 6bJCTpOTbl nepeIl"Ba Kan"TaIla "3 OAHO" OTpaCIl" B APYryfO " T. A. rOBOpfl 06 3J18CTH4HOCTLo1 enpoc8 L-1 np8AIlO>KeH\r1H, T. e. 0 TOM, HaCKOIlb- KO npH Vl3M8H8HHH l\eHbJ H3M8HHIOTCH cnpoc !.1 npeAIlO>KeHH8, Mbl AOJl>KHbl VlM8Tb B B\.1AY, 4TO 3T\.1 L-13M8HeHHH npO\.1Cxo,qHT BO Bp8M8HH H, CIl8AOB8TeIlb- HO, BpeM" CTaHOB"TC" OAH"M "3 cpaKTopOB 3IlaCT"4Hocm. Oc05eHHO 50Ilb- woe 3H8yeHL-1e cp8KTOp BpeM8HH \r1MeeT AIlH xap8KTepHCTL-1KIr1 3Jl8CT!.14HOCTIt1 npeAIlO>KeH"": npe>KAe 4eM npeAIlO>KeH"e nOIlHocTbfO np"cnOC05"TC" K HO- BOMY ypOBHfO '1eH, AOIl>KeH npO"T" onpeAeIleHHbl" npOMe>KYTOK BpeMeH". II1cXOA" "3 3Toro, Hawe nOH"MaH"e pblH04Horo pSBHOBeC"" AOIl>KHO 6blTb AOn0J1H8HO aH8JlL-130M corn8COBaHHH cnpoca VI npeAIlO>K8HVlH C Y4e- TOM 3I18MeHT8 BpeMeHVI. npeAnOIlO>K"M, cnpoc Ha KaKO"-Il"50 TOBap BblpOC. nOCKOIlbKY npeAIlO- )l(eH"e 3TOro TOBapa cpa3Y B03paCT" He CMO>KeT, C"Tya'1H" MrHOBeHHoro paBHOBeCHR 5YAeT xspaKTep"30BaTbC" Il"Wb nOBbIWeH"eM '1eHbl (P"C. 5.9a). KpBa" npeAIlO>KeH"" S, npeACTaBIl"eT c050" BepmKaIlbHYfO Il"H"fO C HYIl8BOVl 3IlaCTVll.JHOCTblO, L-1 CABHr KpHBOVi cnpoca B nOflO>KeHVle D YB8IlVl- 4HB88T l!eHY paBHOB8CL-1H ,0.0 P2" 2 105 
inasa 5 P 5, P P P, P, P, P, P 4 P, - - -- P, D, Q, Q, o a) Puc. 5.9. Q, Q 0 6) 0 0 B) CoznacoaaHue cnpoca u npeiJnOJKeHUR c YLlemoM cpaKmopa apeMeHu B YCIlOB""X KpSTKOcp04Horo paBHOBeCH" (P"c. 5.96) 4"CIlO npeAnp"- "T"" , pa60TSfOll1"X Ha AaHHOM pblHKe, ell1e He MeH"eTC". OAHaKO npeAIlO- >KeHL-1e HeCKOIlbKO YBeIlHYHB8eTCH, H KpL-1B8f1 8 2 CT8HOBHTCfI CIlerKa H8KIlOH- HOVl, nOCKOIlbKY npeAnpHHHM8TeIlL-1 MorYT 60Ilee HHTeHCIIIBHO L-1CnOIlb30BaTb "MefOl11"eC" npO"3BOACTBeHHble MOll1HOCT". B 3TOM CIlY4ae 05beM npeAIlO- >KeHIr1H HeMHoro B03p8CT88T ,0.0 Q3' 8 l!eHa p8BHOBeCIr1H P3 CT8HOBIr1TCH HIr1>Ke. HaKOHe'1, KorAa paCCMaTp"BaeM AIlHTeIlbHoe pSBHOBeCHe (P"C. 5.9B), npeAIlO>KeH"e nOIlHOCTbfO np"CnOCa5Il"BaeTC" K "3MeH"BWeMYC" cnpocy. BbICOKL-1e 1...\8Hbl n03BOIlHIllr1 C03A8Tb HOBbie MOHOCTL-1, B OTpaCIlb npL-1WIlH HOBbie npeAnp"H"MaTeIl", 05beM npeAIlO>KeH"" BblpOC AO Q" a '1eHa paB- HOBeC!.1H eLl.\8 60Ilee CHIr13HIl8Cb. TaK"M 05pa30M, 3IlaCT"4HOCTb npeAIlO>KeH"" paCTeT no Mepe YBeIl"4e- H"" paCCMaTp"BaeMoro nep"OAa BpeMeH", 4TO cnoc05cTByeT YCTaHOBIle- HIr1IO HOpM8IlbHbiX l!eH. To, HaCKo.nbKO 6blCTpO npeAIlO>KeHH8 MO>KeT npL-1cno- C061r1TbCH K L-13MeHL-1BWL-1MCfI l!eH8M B KOH84HOM L-1Tore 38BL-1C!.1T OT CT8neHH M061r1IlbHOCTIr1 3KOHOML-14eCKHX pecypCOB. C nOHHTHeM 3Il8CTL-14HOCTH cnpoc8 III npeAIlO>KeHV1H CBH38HO nOHfiTHe rH6KocTH u,eHbl, KOTOp8f1 MO}l{eT 6blTb onpeAeIl8H8 K8K BeIlHl.JHH8, 06P8T- H8f1 3Il8CTHYHOCTH. OH8 1r13M8pHeT BIlL-1f1HIr18 AaHHoro H3M8HeHHS:! BeIlL-14I11HbJ cnpoca " npeAnO>KeH"" Ha '1eHY. nOHHn1H 3IlaCTHYHOCTL-1 cnpoca L-1 npeAIlO>K8HJ.1H no l!eHe Ir1M81OT 60IlI;;a- W08 npaKTHyeCKOe 3H8Y8HL-1e He TOIlbKO AIls:! nOHHMaHHH nOBeAeHHs:! nOTpe- 5"TeIlR Ha pblHKe "Il" '1eHOBO" cTpaTer"" CP"PM, HO " AIl" SHSIl"3a nocIleA- CTBL-1V1 3KOHOM\.1l.JeCKOiil nOIlL-1T1t1KIr1 rocYAapcTB8, B Y8CTHOCTIII, nOIlHT!.1K!.1 H8IlO- ro05IlO>KeH"". OAH"M "3 Ba>KHe"WHX 3AeCb "BIl"eTC" Bonpoc pscnpeAeIle- HHSI Ha110rOBOro 6peMeHH, T. 8. KTO pe8IlbHO ynIl8l.JL-1B8eT TOT \.1nL-1 !.1HOVI HaIlor. npO"IlIlfOCTp"pyeM 3TO Ha YCIlOBHOM np"Mepe (CM. P"C. 5.10). npeA- 106 06aR xapaKmepucmUKa pblHOYHOU 3KOHOMUKU P P D \,,35 l't\ , 1171 1,00 <>, ,85 Q 1,15 1,00 0,65 Q 0 6) Q o s) Puc.5.10. 3naCmUI.fHOCmb U pacnpeiJeneHue Hanozoaoao 6peMeHU n011Q}KIr1M, p8BHOS8CH8H l...\eH8 TOBapa H8 pblHK8 COCT8BIlfl8T 1 ,qOIlIl., H ro- cYAapcTBo BBOA"T AonoIlHHTeIlbHbl" HaIl or HS npO"3BOA"TeIl" B pa3Mepe 50 '1eHTOB Ha Ka>KAYfO eA"H"'1Y AaHHoro TOBapa. Kp"Ba" npeAIlO>KeH"R B 3TOM cIlY4ae CAB"raeTC" BBepx HS BeIl"4"HY HaIlora, H '1eHa TOBspa AOIl>KHa B03- paCT". £CIlH 6bl YBeIlH4eHH8 l!8Hbl B TOYHOCTIII cOOTBeTcTBoBa110 pa3Mepy H8- 110ra, TO 3TO 6bJ 03Ha48IlO, 4TO npoH3BOAHTeIlb nOIlHOCTblO n8p8KIl8AbiBaeT ynIlaTY HaIl ora Ha nOKynaTeIl" (3TO B03MO>KHO B CIlY4ae HYIleBO" 3IlaCT"4- HOCT" cnpoca). Ha p"cYHKax 5.10s " 5.105 nOKa3aHO, 4TO peaIlbHoe psc- npeAeIleH"e HaIlorOBOro 5peMeH" Me>KAY npOAaB'10M " nOKynaTeIleM 3aB"- CIr1T OT 3Il8CTHYHOCTH cnpoc8 V1 npe,QIlO>KeH!.1H. npH H€3J1aCTH4HOM cnpoc€ H 3Ilacm4HOM npeAIlO>KeH"" (P"c. 5.10a) '1eHa C"IlbHO YBeIl"4"BaeTC" " 50IlbWYfO 4aCTb HaIlora ynIla4HBaeT nOKynaTeIlb (B HaweM np"Mepe 35 I...\€HTOB 1.-13 06Ll.\81i1 CYMMbl H8Ilor8 cpaKTIt14eCKL-1 nIl8un nOKyn8T8Ilb H TOIlb- KO 15 '1eHTOB - npO"3BOA"TeIlb). np" 3IlaCT"4HOM cnpoce " He3IlaCT"4- HOM npeAIlO>KeH"" (P"c. 5.105) nC:BbIWeH" ':1.:.>'bl np"B. TO 4JQ... nOTp Te J1H cYll1eCT,,.!:'_() _£() a llj".KJT 3aKmK:.:.o;amr:Qro TOBpa, nepe- KIQ aRcBoHa TOBapbl-cy5cT"TYTbl, " npO"3BoA'<TeIlfO y,,{e He YAseTc"nepenO>K"Tb Ha nOKynT!'[1B_6[JeM" ynIl?TIHanQra ('1eHa B03pac- T8eT TOIlbKO H8 15 l...\eHToB,- 8 OCT8IlbHYIO CY-MMY H8Ilor8 nTL-1T C8M np0L-13- BOA"TeIl b). 
 9. Inasa 5 Cnpoc 11 nOIle3HOCTb, Teopl1J1 nOTpe611TeIlbCKOrO Bbl60pa KaK Y>K8 6blIlO nOKa3aHO, '1eHS paBHOBeC"" Ha KOHKypeHT- HOM pblHKe OnpeAeIl"eTC" T04KO" nepeCe4eH"" KP"BbIX cnpoca " npeAIlO- >KeH"". B AaHHOM naparpacpe 50Ilee nOAP05HO OCTaHOB"MC" Ha 3KOHOM"- 4eCK"X np"H'1"naX, Il8>Kall1HX B OCHOBe KP"BO" cnpocs, T. 8. '1eHbl nOKyna- TeIl>!. 3aTeM B CIl8AYfOll1e" rnaBe npoaHanH3"pyeM np"H'1"nbl, onpeAeIl"fO- ll1"e KP"BYfO np8AIlO>KeH"", T. e. '1eHY npOAaB'1a. 04eB"AHO, 4TO nOKynaTeIlb np"05peTaeT TOBap paA" ero nOTpe5"TeIlb- HOH l!8HHOCTIt1, nOTOMY YTO 3TOT TOB8p 06Il8A8eT nOIl83HoCTblO \.1 H805xo- AHM eMY AIl" YAoBIleTBOpeH"" ero nOTpe6HocTe". 3TO 061l1ee " cOBepweH- HO 6eccnopH08 nOIlO>K8HHe He A88T HaM nOl.JT\.1 HL-1yero AIlH nOHHM8HIt1H no- B8A8HY1H nOKyn8T8IlH H8 pblHKe, eCJlH Mbl H8 p8CCMOTp!.1M H8KOTOpbl8 38KO- HOMepHocm caMoro npO'1eCca nOTpe5IleH"". Bo-nepBbIX, 60JlbW8H Y8CTb nOTpe6HocT8i1 yeIlOBeKa p8HO L-1IlH n03AHO HaCbl88TCH, T. 8. nOCTeneHHO YAOBIleTBopH8TCH no Mape TOro, K8K L-1CnOIlb- 3yeTc" 5Ilaro. BO-BTOPbIX, nepeXOA OT HenOIlHoro YAOBIleTBOpeH"" nOTp85- HOCTH K 88 nOJlHOMY YAOBIl8TBopeHHIO npOHCXOAIt1T He BH838nHo, 8 l.J8p83 60.nee V1IlIt1 M8H88 MHOroYHCIl8HHbl8 cTyneH!.1. Ho eCIl" Hanp">KeHHOCTb nOTpe5HOCT" y5blBaeT no Mepe TOro, KaK no- Tp86HOCTb YOBIleTBopHeTCH, TO iii nOIl83HOCTb 6Il8r8 ADH nOTp86L-1TeIlH TO>Ke AOIl>KHa y5blBaTb no Mepe pOCTa KOIl"48CTBS 3TOro 6Ilara. TaK, eCIl" AIl" roIloAHOro 4eIlOBeKa nepBa" He50Ilbwa" nop'1"" eAbl 5YAeT "MeTb Ha"- 50IlbWYfO nOIle3HOCTb, TO no Mepe YTOIl8H"" rOIlOAa Ka>KAa" nOCIleAYfOll1a" nop'1"" eAbl 5YAeT "MeTb Bce MeHbWYfO nOIl83HOCTb. AIl" 60Ilee T04Horo On"CaH"" npO'1ecca y5bIBaH"" nOIle3HOCT" B 3KO- HOMH4ecKol71 HaYK8 HcnOIlb3Y8TCH Y>Ke L-13BeCTHoe H8M nOHHTHe npe. Ael1bHOH n0l1e3HOCTH, T. 8. A05aBOYH0L4 nOIl83HOCTL-1, npH6aBIlHeMO Ka>KAO" nocIleAHe" nOp'1"8" TOBapa, a 4eM KpaTKO rOBOp"IlOCb B 9 3. II1cnoIlb3Y" 3TO nOH"T"e, CCPOPMYIl"PY8M 3SKOH y5blBalOI.L\eii npeAeIlb- HOH n0l1e3HOCTH: no Mepe YBeIl\.1yeHI-1H KOIlH48CTB8 nOTpe6IlH8Moro TO- Bapa ero npeAeIlbHS" nOIle3HOCTb "MeeT TeHAeH'1"fO K COKpall1eHHfO. 3TOT 38KOH 06bll.JHO H83blB81OT nepBblM 3aKOHOM rOcceHa. 1 Hs P"C. 5.11 a Ha a5c'1"cce OTIlO>K"M KOIlHyeCTBO nOTpe6IlHeMoro TOBap8 Q, H8 OPA"HSTe - 051l1YfO nOIle3HOCTb TV. no Mepe YB8Il"4eH"" KOIl"4eCTBa nOTpe5Il8H- HOro TOBapa 051l1a" (CYMMapHaR) nOIl83- HOCTb B03paCTseT, HO np"pOCT nOIle3HOCT" (He3aWTp"XOBaHHble np"MoyroIlbHHK") C Ka>KAO" HOBO" nop'1"e" TOBapa COKpall1a- 108 1 V1A8s:! y6b1S8JOLl.{eU npeA8flb- Hoiil non83HOCTYI 6bl.n8 BnepSbl8 BblCK838H8 H8M8l\KItIM 3KOHOMVlC- TOM repMaHOM rOCC8HOM B 1854 f., XOTSI caM repMVlH «npe,l.\e.nbH8S1 no- J183HOCTb>} OH He ynoTpe6m:1Il. 06U(8R xap8KmepucmUKa pbIHOYHO{J 3KOHDMUKU TV MU 6 6 5 5 4 4 3 3 2 2 1 0 0 1 2 s) 5) Puc.5.11. 06U4aR u npedenbHBR none3Hocmb 4 Q eTC" , nOKa H8 AO"AeT AO HYIl>!. ECIl" npeAnOIlO>K"M, 4TO 5Ilaro MO>KHO pa3- A8Il"Tb Ha 58CKOHe4HO MaIlbl8 nOp'1HH, TO 3aM8AIl"fOll1""C" pOCT 051l1e" nOIle3Hocm MO>KeT 5blTb "305pa>KeH He B B"A8 cTyneH4aTO" A"arpaMMbl, a K8K HenpepblBH8H BblnYKJl8H IlIr1HIi1H. Ha P"c. 5.115 B B"Ae np"MoyroIlbH"KOB OTIlO>K8Ha TOIlbKO np8AeIlbHa" no- Ile3HOCTb MU, KOTOpa" no Mep8 YB8Il"48H"" KOIl"4eCTBa TOBapoB y5blBaeT. TaK!.1M 06pa30M, MO>KHO <::1Q8Il8Tb BbIBOA, 4TO B8nH4L-1H8 np8AenbH0L4 nOIl83HO- CTJ.1 38BI-1CL-1T OT KOIlHY8CTB8 A8HHOro TOB8pa It1 CTeneHL-1 nOTp86HOCTH B H8M. BMecTe C TeM, y 4eIlOBeKS CYll1eCTBY8T MHO>KeCTBO nOTpe5HocTe", KO- TOpbl8 x8p8KTeplt13YIOTCH pa3Jlw"'IHO CTeneHblO Ir1HT8HCL-1BHOcn1. XOTfi OLl8H- K8 HHT8HCHBHOCTH nOTp86HOCTH Cy6b8KTHBH8, HO MO>KHO H 06b8KTL-1BHO OT- A8JlHTb nepBVl4Hbl8, H80TIlO>KHble nOTp86HOCTIt1 OT M8H88 H8CYLl.\HbJX no- Tpe6HocT8V1. 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Pe8IlbHblL4 ,QOXO,Q nOTpe- 6V1Ten MO>KeT p8CCM8TpVlB8TbCH K8K HeVl3- M8HHbIL4, 8CIlL-1 nOTpe6HTeIlb OCTaeTCs:t H8 OAHOCi L-1 TOVI >Ke Kplr1BOVl 6e3pa3Il!.1YIt1.1 114 1 TaKO cnoco6 3MepeHwR 3cpcpeKTa 3aMew,eHs:I np He!l13- MeHHOM pea.nbHOM AoxoAe 6blJ1 npeA.nmKeH aHrmHkKM 3KOHOMIi1- CTOM ,Q}fC XIi1KCOM. Q6U{aR xapaKmepucmUKa pblHOYHOU 3KOHOMUKU TORap B K M o TOBap A Puc. 5.15. 3CPCPeKm doxoda U 3cpcpeKm 3aMeeHUJl npOBeAeM Bo05pa>KaeMYfO 5fOA>KeTHYfO Il"H"fO K M , KOTOpa" napaIlIleIlb- Ha HOBOVI 61O,QW8THOVI Il!.1HIt1J.1 KM H K8C8eTCH nep08Y8IlbHOVl KpHBOVl 683- pa3IlIt1l.Jl1H U 1 . 3T8 61O,q>KeTHa m1HV1H OTp8>K8eT HOBoe COOTHOWeHL-1e u,eH TO- BapOB A " 8, OAHaKO T04Ka paBHOBeC"" E3 COOTBeTcTByeT npe>KHeMY YPOB- HfO peSIlbHoro AOXOAa. TaK"M 06pa30M, nepeXOA T04K" paBHOBeC"" nOTpe- 6v1TeIlH H3 nOIlOWeHL-1H E 1 B nOJlO>KeHJ.1e E3 Bbl3BaH L-13MeHeHV18M l!8H, L-1, CIl8- AOBaTeIlbHO, np"pOCT nOTpe6IleH"" TOBapa A B pa3Mepe A,A3 eA"H"'1 05yc- IlOBIleH 3cpcpeKTOM 3aMell1eH"". COOTBeTCTBeHHO, nepeXOA T04K" paBHOBe- CVI nOTpe6r.nenH !.13 nOnO>KeHL-1 E3 B nOIlO>KeHJ.18 E 2 J.1 npHpOCT nOTpe6Ile- H" TOBapa A B pa3Mepe A3A, eA"H"'1 npeACTaBIl"eT c050" 3cpcpeKT AOXO- Aa, nOCKOIlbKY 05YCIlOBIleH pOCTOM peaIlbHoro AoxOAa nOTpe5"TeIl" B CB"- 3vt C H3MeH8H!.18M COOTHOW8HL-1H l!eH. 05paT"M BH"MaH"e, 4TO B HaweM np"Mepe K 061l1eMY YBeIl"4eH"fO cnpoca Ha TOBap A np"BeIlO Ae"CTB"e KaK 3cpcpeKTa AOXOAa, TaK " 3cpcpeK- Ta 3aMell1eH"" (pe3YIlbTaTbl Ae"CTB"" 3T"X ABYX 3cpcpeKTOB CYMM"pOBa- Il"Cb). 3TO xapaKTepHO AIl" HopMaIlbHblX 6Ilar, 05beM nOTpe5IleH"" KOTO- pblX B03paCTaeT np" YBeIl"4eH"" AOXOAa. KaK Y>Ke 6blIlO nOKa3aHO paHee, np" CH">KeH"" '1eHbl HS H"3KOKa4eCTBeHHoe 5Ilaro 3cpcpeKT AOXOAa Ae,,- cTByeT B HanpaBIleH"", npomBOnOIlO>KHOM 3cpcpeKTY 3aMell1eH"", np"4eM B CIlY4ae C TOBapOM f"cpcpeHa 3cpcpeKT AOXOAS nepeBeW"BaeT 3cpcpeKT 3aMe- ll1eH"" " 061l1"" 3cpcpeKT OKa3bIBaeTC" OTp"'1aTeIlbHbIM. AHIlI.13 KpHBOVl npeAeIlbHOVl nOIl83HOCTV1 n03BOIlHeT OCMbICIl!.1Tb Ir1 T8KYlO Ba>KHeHWYIO K8T8ropllllO, K8K !.13n1t1WeK nOTpe6J.1T8IlH. CMblcn 3TOVI K8Teropl.1!.1 3aKIlf04aeTC" B cIleAYfOll1eM: nOTpe5"TeIlb nIlaTHT 3a Ka>KAYfO eA"H"'1Y TO- Bapa OA"HaKOBYfO '1eHY, paBHYfO npeAeIlbHO" nOIle3HOCT" nOCIleAHe", H8HMeHee l!eHHOL4 ,QIlH Hero 8AL-1HVll!bl. A 3TO 3H8YL1T, 4TO H8 K8>K.QOVl e,QvtHH- 115 " 
Inasa 5 P 80 60 40 20 0 1 2 3 4 Q PUc. 5.16. li13nuweK nompe6umenR '1e TOBapa, npeAwecTBYfOl11e" 3TO" nocIleAHe", nOTpe6"TeIlb nOIlY4aeT He- KOTOPYfO BblrOAY. nO"CH"M "AefO "3IlHWKa nOTpe5"TeIl" rpacp"4eCK" (P"c. 5.16). ECIl" 6bl nOTpe5"TeIlb np"05peTaIl TOIlbKO OAHY eA"H"'1Y TOBapa, TO OH COrnaCeH 5blIl 5bl ynIlamTb 80 AOIlIl. 3s BTOpyfO eA"H"'1Y (eCIl" 5blIlO 5bl Bcero ABe eAHH"'1bl TOBapa) nOTpe6"TeIlb 3anIlamIl 6bl 60 AOIlIl. Pb1H04- Ha" '1eHa Ka>KAO" "3 ABYX eA"HH'1 np" 3TOM COCTaB"Ila 5bl OAHY " TY >Ke BeIl"4"HY - 60 AOIln. (BeAb '1eHa YCTaHaBIl"BaeTC" HS ypOBHe npeAeIlbHo" - B ASHHOM cIlY4ae BTOpO" - eA"H"'1bl). LITO >Ke nOIlY4aeTC"? II1HA"B"AY- aIlbHa" O'1eHKa nOIle3HOCT" 1- eA"H"'1bl - 80 AOIlIl., 2-" - 60 AOIlIl., "X cYMMa - 140 AOIlIl. Ho no eA"HO" '1eHe nOKynafOTc" 05e eA"H"'1bl, TaK 4TO nOTpe5"TeIlb 3anIlaT"T (60 + 60) = 120 AOIlIl.; 3-fO eAHH"'1Y nOKynaTeIlb O'1eH"BaeT B 40 AOIlIl., " 3Ta npeAeIlbHa" nOIle3HOCTb 6YAeT onpeAeIl"Tb pblH04HYfO '1eHY Bcex Tpex eA"H"'1. CIleAoBaTeIlbHo, pblH04Ha" '1eHa, yn- Ila4eHHa" nOTpe5"TeIleM np" nOKynKe Tpex TOBapoB, COCTaB"T (40 + 40 + 40) = 120 AOIlIlapoB. A BeAb eCIl" CYMM"pOBaTb "HAHB"AyaIlbHble O'1eHK" npeAeIlbHo" nOIle3HOCT" Ka>KAO" "3 Tpex eA"H"'1, TO nOIlY4"IlOCb 5br: (80 + 60 + 40) = 180 AOIlIl. II1TaK, H3IlHweK nOTpe6HTenR - 3TO PS3H"'1 S Me>KAY TO CYMMO" AeHer, KOTOPYfO nOTpe5"TeIlb 5blIl 5bl cornaceH ynIla- T"Tb, " TO" CYMMO", KOTOpyfO OH peaIlbHo ynIlamIl. A. MapwaIlIl 06b"CH"- eT 3TO cIleAYfOll1HM 05pa30M: "3Il"WeK nOTpe5"TeIl" - 3TO "35b1TOK '1eHbl, KO- TOPYfO nOTpe6"TeIlb roTOB 6blIl 6bl 3anIlaT"Tb (cKopee, 4eM Bo051l1e 050"T"Cb 6e3 AaHHoro TOBapa), cBepx TO" '1eHbl, KOTOPYfO OH Ae"CTB"TenbHO nIlamT. Ha rpacpHKe "3Il"WeK nOTpe5"TeIl" - 3TO 3awTpHxoBsHHa" 05IlacTb, or- p8H!.1yeHH8H cBepxy KpHBOi1 cnpOC8, 8 CHV13Y - IlHHlileVl U,8Hbl. 4eM HH>Ke LleHa, TeM 50nbwe BeIlH4HHS H3IlHWKS nOTpe5HTeIlR. np" nOKynKe ABYX eAHH"'1 TOBapa "3Il"WeK nOTpe6"TeIl" COCTaB"T: 140 - 120 = 20 AOIlIl.; np" nOKynKe Tpex eA"H"'1 180 - 120 = 60 AOIlIl. 116 06waR xapaKmepucmuKa pblHOYHOU 3KOHOMUKU t ' : (/...'. " ,I,i...." KOHl\em..\HH 1113Illt1WK8 nOTpe6L-1TeIlH WlilpOKO \.1CnOIlb3yeTcH HeOKIl8CCIiI- 48CKOVI WK0I10i1 nplll rpacpHYeCKOM aH8Illll3e np06Il8M H8noro06IlO>KeHHH, MOHOnOIl"CT"4ecKoro '1eHo05pS30BaH"" (CM. rn. 7, S 6) " AP. TaK"M 05pa30M, 6b1Il" paCCMOTpeHbl 50Ilee nOAP05HO Te cpaKTOpbl, KO- TOpble Ile>KaT B OCHOBe KP"BO" cnpoca. CYll1eCTBeHHaR np"4"Ha "3MeHeH"R 05beMa cnpoca KaK 05paTHo CPYHK'1"" '1eHbl 3aKIlf04aeTCR B npO"CXOAR- ll1eM y5bIBaH"" npeAeIlbHO" nOIle3HOCT" TOBapa. TOIlbKO TorAS, KorAa '1eHa TOBapa CH">KaeTC", nOTpe6"TeIlb 5YAeT roTOB KynHTb nOCIleAYfOll1"e KOIl"- 4eCTBa 3TOro TOBapa, np"HOC"ll1"e eMY MeHbwee YAOBIleTBOpeH"e. Teop"" npeAeIlbHO" nOIle3HOCT" " TeOp"" nOTpe5"TeIlbCKoro Bbl60pa n03BOIlRfOT IlY4we nOHRTb, KaK BeAeT ce6" HS pblHKe 3KOHOM"4eCK"" cy5beKT, a TafOKe npO"3BeCT" 50Ilee T04Hbl" aHaIlH3 cnpoca " BIl""H"e ero KOIllll4eCTBeHHblX L-13MeHeHHVI H8 pbIHOl.JHOe paBHOB8CV18. 3TIII T80pH\.1 nOA- l.JepKIiIBaIOT B03AeC1cTBIt18 H8 3KOHOMW-IeCKYIO CL-1CTeMY IiIMnYIlbCOB, BbITeK8- fOl11"X "3 "3MeHeH"" BKYCOB " npeAn04TeH"" nOTpe5"TeIle".  10. PblHO'IHOe x03fliilcTBO H ,QenepCOHH<p H 4 H pOBaHHbIH MexaHH3M 4eH KaTerop"" cnpoca, npeAIlO>KeH"" " '1eHbl "BIl"fOTC", KaK 5blIl0 OTMe4eHO B npeAblAYll1"X naparpacpax, B3a"MOCB"3SHHbIM". Ha pblH- Ke npolilCXOAHT nOCTOHHHbl8 KOIle6aHHH pblH04HbJX l\8H nOA B03Aei1cTBIt18M H3MeH8HV1171 B cnpOC8 H npeAIlO>KeHHIiI. 3KOHOMH4eCKa" TeopH" "CCIleAyeT KOIle5aHHR pblH04HbiX '1eH BOKpyr H8Koero COCTOHHIiIH p8BHOBeCL-1f1. P8BHOB8CHaH Ll8H8, YCTaHaBIlHBalOaHCfI npH paBeHCTBe cnpoca " npeAIlO>KeH"" Ha Bcex pblHKax, OTpa>KSeT HeKYfO «HopMaIlbHYfO '1 eH Y» , np" KOTOpO" npeAeIlbHa" 051l1eCTBeH- Ha5=:; non83HOCTb V1 np8,qeIlbHble 068CTBeH- Hble "3Aep>KK" ypaBHOBeW"BafOT APyr APyra (BcnOMH"M TeOp"fO '1eHbl A. MapwaIlIla). 3T8 «HOpM8nbH8H l\8Ha» - COCT05=:;HHe H8V1- 50Ilee 3cpcpeKT"BHoro np" AaHHOM He"3MeH- HOM ypOBHe TeXHOIlorHIII IiIcnOIlb30B8HI-1H Bcex OCHOBHblX cpaKTOpOB npO"3BOACTBa: " TPYA8, VI Kan1-1TaIl8, H 3eMJI!.1. KOIle5aH"" pblH04HbiX '1eH " onpeAeIl"- fOT Ba>KHe"W"e CPYHK'1"" pblHKa: 1. PacnpeAeIleHHe OCHOBHblX !jISKTO- pOB npOH3BOACTBa (aIlIlOKaTHBHa" !jIYH- K'1H" pbIHKa).' B Tex OTpaCIl"X, rAe Ha6IlfO- 1 ABTOpbl YlJe6HIIIKa - He CTO- pOHHVlKVI 6e3AYMHoro IIICnOJlb30sa.. Hillfl aHrJllIIl\Vl3MOS. Ho B ,QaHHOM CJlY4ae pe4b VI,QeT 0 nepeSO,Q8 Ta- KIIIX CJlOB, KaK allocation III distribution. Ha PYCCKVI .Il3blK OHIII lJaCTO nepeBO,Q5ITC5I O,QVlHaKOBO KaK «pacnpe,Q8neHllle)). M8>K,QY T8M 8CTb OTTeHKIII B IIIX 3Ha48HIIII-1 Ha aH- rJllIICI<OM .Il3b1K8. nepS08 1113 YKa- 3aHHbiX GJloa npaSVlJlbH88 6bJJlO 6bl n8peS8CTill KaK «pa3MeIl.\8Hllle» (pel.Jb l-1,QeT 0 pa3MelJ.\8HIIIIII , VlJlIII pacnpe,Q8JleHIII\II cPaKTOPOS npOVl3- BO,QCTsa), a BTOp08 - C06CTS8HHO KaK «pacnpeA8n8HI-18», T. 8. pac- np8,Q8neHl-1e ,QOXO,QOS. 117 
Inasa 5 Aa8TCH nOBbIW8He 1\8H, np0L-1CXO.QL-1T O>KHBJ1eH!.1e np0V13BOACTB8, CIOA8 ne- peIlHB810TCH K8nL-1T8Ilbl, TPY.Q L-1 HHbie peCypCbl. EeJlJ.1 B pe3YIlbT8Te T8Kora nepem1S8 np0L-130HA8T np8SbiWeHIt1e npeAIlO>K8HL-1s:1 TOB8pOB H8A cnpOCOM Ha HV1X, H8YH8TCs:I 06P8THblVl npOl\ecc: H84HYT eHL-1>KaTbCH pblHOYHbJe '1eHbl " npO"30"AeT OTTOK pecypCOB "3 AaHHO" OTpaCIl". 2. CTHMYIlHpoBaHHe TeXHH4eCKoro nporpecca. ECIl" KaKO"-TO CP"P- Me YAaeTC" YMeHbW"Tb 3aTpaTbi cpaKTOpOB npO"3BOACTBa Ha eA"H"'1Y npo- AYKl\HH ,0.0 ypOBHH 60Ile8 HIt13KOra, l.JeM CJlO)\{L-1BWHIltCH YPOB8Hb pblHOYHOVl '1eHbl, TO 3Ta cp"pMa nOIlY4"T np"6bIIlb. AIl" 3TOro He06xOA"MO COBepweH- CTBOBaTb T8XHOIlOrL-1lO, yeIlOB8yeCKIt18 3H8HVlH, HcnOIlb30BaTb AOCH1>KeHL-1H HaY4HO-TeXH"4ecKoro nporpeccs, 3KOHOM"Tb pecypCbl. CIleAoBaTeIlbHo, 6e3 BCHKL-1X Il03YHroB \.1 npH3blBOB pblH04HaH CL-1CTeM8 3aCT8BIlHeT 3KOHOM\.148C- K"X cy5beKTOB Y4aCTBOBaTb B npO'1eCce COBepweHCTBOBSH"" " pa3B"T"" T8XH!.1KV1, TeXH0J10rVU1, H8YKH It1 T. n. 3. 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,nasa 6 npVl6blIlb BOVlAyr npOl!eHT Ha C06CTBeHHblVl K8nL-1T8Il, ap8H,QH8H nIl8T8, KO- TOpylO MO>KHO 6blIl0 6bl nOnY4L-1Tb, C,Q8B8H BH8eM c06CTBeHHoe 3,QaHlo1e, ,0.0- XOA OT npOAa>K" c06CTBeHHbiX YCIlyr TpYAa " T. n. B CBH3H co CK838HHbiM BbIW8, !.1MeIOTCH CYLl.\eCTBeHHble p83IlW...IL-1f1 Me>K- AY nOH"m"M" 5yxramepCKaR " 3KOHOM"4eCKS" np"5bIIlb. 5yxraIlTepCKaR npH6blIlb - 3TO pa3H"'1a Me>KAY 051l1e" BbIPY4KO" CP"PMbl " "BHbIM" (Ae- He>KHbIM") "3Aep>KKaM". 3KOHOMH4eCKa" npH5blIlb - 3TO pa3HH'1a Me>KAY 061l1e" BbIPY4KO" CP"PMbl " BCeM" "3Aep>KKaM" ("BHbIM" " He"BHbIMH, BKIlf04aR HopMaIlbHYfO np"5blIlb npeAnp"H"MaTeIl"). TaK"M 05pa30M, 3KO- HOM"4eCKa" np"5blIlb npeACTaBIlReT c060 AOXOA, nOIlY4eHHbl" CBepx HOp- MaIlbHO" np"5bIIl". OnpeAeIl"M Tenepb OCHOBHble B"Abl "3Aep>KeK CP"PMbl B KpaTKocp04- HaM nep"OAe. 1I13Aep>KK" nOApa3AeIl"fOTC" HS ABe 50IlbW"e KaTerOp"": nOCTOHHHble L-1 nepeMeHHLE!:__..nQ.QIPfl.I:IJ:.le W3Aep>K_K:.I1..- 3TO paCXOAbl, KO- TOpbl8 OCT81OTCH HeH3MeHHbIMV1, KaKOBO 6bl HVI "6bJ.rl0 K0J1L-1Y8CTBO np0L-13BO- A"MO" npOAYK'1"". K H"M OTHOC"TCR nIl.aTa3.iJspeHAY nOMell1eHH", 3aTpa- Tbl Ha 060PYAOBilH"e, onIlaTa ynpaBIleH4ecKoro " a,i(M""ffiiWcTpamBHoro nep- COHaIla " T. n. ECIl" Ha OC" a5cL1"CC 5YAeM OTKIlaAblBaTb 05b  POAYK'1H" Q, a Ha OC" OPA"HaT - "3Aep>KK" C, TO nOCTO"HHble "3Aep>KK FC YAYT Bbl- rn"AeTb KaK np"Ma" Il"H"", napaIlIleIlbHa" OC" a6c'1"cc (P"c. .1). nepeMeHHble H3Aep>KKH M8HHIOTCH B npHMOIl1 38B!.1CL-1MOCTV1 OT 06beM8 n . PO"3BOAcTBa. OH" CB"3aHbl C 3aTpaTaMH.!:!a nOKynKY Cblpb" " pa504e" C"- Ilbl. A"HaM"Ka nepeMeHHblx "3 A ep>KeK@) HepaBHoMepHa: Ha4"Ha" C HY- Il", no Mepe paCTa npO"3BOACTBa OH" nepBOHa4aIlbHO paCTYT 04eHb 6bICT- po; 38TeM, no M8pe ,QaIlbH8Hwero YB8Il1-1Y8HV1H 06b8MOB npOIll3BOACTBa, H8l.J!.1HaeT CK83blBaTbCH cpaKTOp 3KOHOMVlL-1 H8 M8CCOBOM npm13BO,QCTBe, L-1 pOCT nepeMeHHblX "3Aep>KeK CTilHOB"TC" Y>Ke 60Ilee MeAIleHHbIM, 4eM YBe- Il"4eH"e npOAYK'1"". B AaIlbHe"weM, oAHaKo, KorAa BCTynaeT B Ae"CTB"e r '.'.", e F o Te  ' " L:; \ ,Cj..lt,...--" i ' ,!/:::: . + j.: 'j ',,-, :;'. t i.'. Q nOcmoRHHble, nepeMeHHble u ean06ble U30ep>KKU cPUPMbi Puc.6.1. 124 MexaHU3M pblHKa cosepweHHoO KOHKypeHLjUU 4d \ e AC-".:;'.,- Ave cj" I;" AFe f:! fj) Un , . o Q PUC. 6.2. CpeOHue U30ep>KKU cjWPMbi 38KOH y6blBalOLl.\eVl np0!.13BO,QV1TeIlbHOCTV1, nepeM8HHbie 1113Aep>KKV1 CHOBa H8l.JV1HaIOT 06roHSHb pOCT np0L-13Bo,qCTB8. CIleAyeT nOA4epKHYTb, 4TO 0 pa3AeIleH"" "3Aep>KeK Ha nOCTO"HHble " nepeMeHHble MO>KHO roBOpHTb TOIlbKO npHMeHJ.1TeIlbHO !LC: CP  nep"OAY CP Y HK'1"OH"pOBaH"" CP"PMbl. Apyr"M" CIlOBaM", "CXOA" "3 aHaIl"- 38 BHAOB [ir :!,u,t:::')Kt:::'1\. VI VIA. ,L\Vf H8MV1KIr1, Mbl MQ}KeM npOBeCTL-1 pa3IlH4V18 M8>K.QY , KpaTKocp04HbiM " Aonrocp04HbiM nep"OAaM" CPYHK'1"OH"pOBaH"" CP"PMbl. B KpaTKocp04HOM nepHOA e nOCTOs:lHH bIS H3Aep>KKV1 OCT8IOTC IA'ii'1 rllLI - M", " cp"pMa MO>KeT "3MeH"Tb 05beM BbrnYCKaeMO" npOAYK'1"" TOIlbKO C OblO H3MeHeHHH BeIlV1l.J!.1Hbl nepeMeHHblX V13Aep>KeK. B AOl1rOCpO\fHOM nepHOAe Bce H3A8P>KK!.1 CT8HOBflTC a np.rAMA''''H'''H....'MI/I TO eCTb 3TO ,QOCT8TO'-/- HO ,QIlV1TeIlbHbIL4 BpeMeHHOVl Ir1HTepBaJ1 AIlH TOro, 4T06bl cpV1pM8 Morn8 V13- MeHV1Tb CBOV1 np0V13BOACTBeHHbre MOHOCTH. BSIlOBble (o51l1He) H3Aep>KKH (TC) npeACTaBIl"fOT c060" CYMMY nOCTO- "HHbIX " nepeMeHHblX "3Aep>KeK np" Ka>KAOM KOHKpeTHOM ypOBHe npO"3BOA- CTBa. Ha rpacp"Ke (P"c. 6.1) CYMM"pOBaH"e VC " FC 03Ha4aeT CAB"r BBepx Il"H"" VC Ha BeIlH4"HY OF no OC" OPA"HaT. HepaBHoMepHoe "3MeHeHHe BanOBblX "3Aep>KeK np"BOA"T K TOMY, l.JTO M8HHIOTCH no Mepe pOCT8 06b8M8 np0!.13Bo,qCTB8 VI V13A8p>KK!.1 Ha eAL-1- H"'1Y npoAYK'1"", "Il" cpeAHHe H3Aep>KKH. CpeAH"e "3Aep>KK" paBHbl Ba- IlOBbJM L-13,Qep>KK8M, AeIleHHblM Ha npoV13BeAeHHo8 KOIlJ.14eCTBO TOBap8 (AC = TC/Q). 3TOT B"A "3Aep>KeK "MeeT oc050e 3Ha4eH"e AIl" nOHHMaH"" pbIHOGHC>ro p8BHOBeCV1f1, nocKoIlbKY npeAnpHHHMaTeJ1b cTpeMHTcH L-1X MHHH- M"3"pOBaTb. Kp"Ba" CpeAH"X "3Aep>KeK 05bl4HO "MeeT U-05pa3HYfO cpop- MY (P"C. 6.2). CHa4aIla CpeAH"e "3Aep>KK" BeCbMa BbICOK"e. 3TO CB>I3aHO C TeM, YTO 60JlbWV18 nOCTOHHHble V13Aep>KKV1 paCnpeA8JlHIOTCR H8 He- 3Ha4"TeIlbHbl" 05beM npoAYK'1"". no Mepe paCTa npO"3BOACTBii nOCTO"H- Hble "3Aep>K'" np"XOA"TC" Ha Bce 50Ilbwee 4"CIlO eA"HH'1 npOAYK'1"", " CpeAH"e "3Aep>KK" 5blCTpO naAafOT, AOXOA" AO M"H"MYMS B T04Ke M. no 125 
Inasa 6 Mepe pOCTa 06beMa npO"3BOACTBa OCHOBHoe BIl""H"e Ha BeIl"4"HY cpeA- HL-1X 1t13Aep>KeK H8YV1H8IOT OK83blBaTb He nOCTOHHHbI8, 8 nep8M8HHbie \.13- Aep>KK". n03TOMY BCIleACTB"e 3aKOHa y5blBafOll1e" AOXOAHOCT" KP"BS" H8YV1H8eT III,QTVI BB8pX. CIleAyeT 05paT"Tb BH"MaH"e, 4TO Kp"Ba" CpeAH"X "3Aep>KeK HenocpeA- CTBeHHO 3aB"C"T aT KP"BbIX CpeAH"X nOCTO"HHbIX "3Aep>KeK (AFC) " cpeA- H"X nepeMeHHblX "3Aep>KeK (AVC). nOCTO"HHble "3Aep>KK" OCTafOTC" He"3- MeHHbIM" Ha npOT">KeH"" KpaTKocp04HOro nep"OAa, n03TOMY no Mepe YBe- Il"4eH"" KOIl"4eCTBa npO"3BeAeHHO" npOAYK'1"" BeIl"4"Ha CpeAH"X noCTO- "HHbIX "3Aep>KeK y6blBaeT. LJTO KaCaeTC" CpeAH"X nepeMeHHblX "3Aep>KeK, TO OHIt! CH8Y8Il8 HL-1)\{e, 48M CpeAH!.18 nOCTOHHHble L-13,qep>KKV1, HO 38TeM H8- YHH810T B03p8CT8Tb, np\.16IlH>K8HCb K cpe,QHL-1M B8IlOBbiM L-13Aep>KK8M. no- CKOIlbKY TC = FC + VC, TO, pa3AeIl"B 05e 4aCT" 3TOro ypaBHeH"" Ha Q, nOIlY4aeM: AC = AFC + AVC. Apyr"M" CIlOBaM", KP"BYfO AC MO>KHO nOIlY- 4"Tb, ecn" CYMM"pOBaTb Kp"Bble AFC " AVC. Kp"BS" CpeAH"X "3Aep>KeK "MeeT 60Ilbwoe 3Ha4eH"e AIl" npeAnp"HH- M8TeIlH, nocKoIlbKY n03BOIlH8T onpe,q8IlVlTb, npJlf K8KOM 06b8Me npoIlf3Bo,Q- CTBa "3Aep>KK" Ha eA"H"'1Y npoAYK'1"" 6YAYT M"H"MaIlbHbIM".  2. PaBHOBeClile cplllpMbl B KpaTKocpO....HOM neplllo,qe B OAHOVI \11 TOVI >K8 OTp8CIlL-1 ,q8VrCTBYIOT He O,QV1HaKOBble, 8 COBepweHHO pa3Hbie CP"PMbl C pa3HblM" MaCWTa6aM", OpraH"3a'1"e" " Tex- HL-1yeCKoVr 6830111 np0L-13BOACTS8, 8 3H84V1T, VI C pa3HbiM YPOBH8M 1r13A8P>K8K. CpaBHeH"e CpeAH"X "3Aep>KeK CP"PMbl C ypOBHeM '1eHbl AaeT B03MO>KHOCTb O'1eH"Tb nOIlO>KeH"e ,a>KAo" CP"PMbl Ha pblHKe. B YCIlOB""X COBepweHHO" KOHKypeH'1"" np" Ilf050M CIlO>K"BWeMC" ypOBH8 l!8Hbl CYLl.\eCTBY8T cBoero P0,Q8 «BH8WHL-1V1 np8A8Il», np!.1 KOTOpOM npOH3BOAL-1TeIlI.1 BCTyn810T B ,q8HHYIO OTp8CIlb HllV1 >Ke BbIT811K\r1B8IOTCH !.13 H8e. nOBblW8HHe L..(eHbl 06YCIlOBIlHB8eT nOHBIl8HVle HOBblX CPL-1PM 14 coxpa- HeHL-18 CT8pbIX. CHL-1>K8HVl8 L..(8Hbl nplr1BOAVlT K TOMY, YTO np8AnpVlHT\.1H C Bbl- COK!.1M ypOBH8M L-13,Qep)f{8K CT8HOBs:lTCH y6bITOYHbIML-1 VI AomKHbl AaHHYIO OT- p8CIlb nOK!.1HYTb. H8 pL-1c. 6.3 nOK838Hbi TpVl B03MO)\{HbiX B8p!.18HTa nOIlQ)K8HHH cpHPMb! H8 pblHKe. ECIl" Il"H"" '1eHbl P Il"Wb KaCaeTC" KP"BO" CpeAH"X "3Aep>KeK AC B M"H"MaIlbHO" T04Ke M (P"c. 6.3a), TO cp"pMa B COCTO"H"" Il"Wb nOKpblTb CBOL-1 ML-1HIIIM8IlbHble CP8AHL-18 !.13Aep)\{KVI. TOYK8 M B A8HHOM CIlYY8e s:lBIls:leT- CH TOYKOVI HYIleB9.VI. npL-16bIIlVI. CIleAyer oc060 n0/14epKHYTb, 4TO, roBOP" 0 HyneBo" np"5bIIl", Mbl He "MeeM B B"AY, 4TO cp"pMa Bo061l1e He nOIlY4aeT H"KaKO" np"6bln". KaK Y>Ke 126 MexaHU3M pblHK8 coeepweHHoO KOHKypeHLjUU C C C AC AC  AC P P P I I I I I I 0 Q, Q 0 Q, Q, Q 0 Q s) 5) B) Puc. 6.3. nOnOJKeHUe KOHKypeHmHoii q,UPMbl Ha pblHKe 6btll0 nOK838HO, B H3A8P>KKV1 npoVl3BoACTB8 BKIlIOl.J8IOTCfI He TOI1bKO 38TP8- Tbl Ha Cblpbe, 050PYAOBaH"e, pa604YfO C"IlY, HO " npO'1eHT, KOTOpbl" CP"P_ Mbl MornH 6b! nOIlYYHTb Ha CBOL4 Ka, mn811 eCIlL-1 6bl BKIl8AbIB8IlL-1 8ro B APY- rHe OTpaCIlL-1. IIIHblMH CIlOB8MIII, HOpMal1bHaJ1 npH6bll1b K8K HOpM8IlbH8H OTAa4a OT Kan"TaIlS, onpeAeIl"eMa" nYTeM KOHKypeH'1H" BO Bcex OTpaCIl"X C OA"HaKOBbIM ypOBHeM p"CKa, "Il" B03Harpa>KAeH"e cpaKTopa npeAnp"H"- MaTeIlbCTBa, "BIl"eTC" COCTaBHO" 4aCTbfO "3Aep>KeK. 05bl4HO cpaKTOp npeA- np"H"MaTeIlbCTBa paCCMSTp"BaeTC" KaK nOCTO"HHbl" cpaKTOp. B CB"3" C 3TL-1M HopMaIlbH8H npVl6blI1b OTHOCV1TCH Ha nOCTOHHHble L-13Aep>KKVI. ECIl" CpeAH"e "3Aep>KK" H">Ke '1eHbl (P"c. 6.36), TO cp"pMa np" onpe- AeIleHHblX 05beMax npO"3BOACTBa (OT Q, AO Q,) nOIlY4aeT B cpeAHeM np"- 5blIlb 60Ilee BbICOKYfO, 4eM HopMaIlbHa" np"5bIIlb, T. e. cBepxnp"6bIIlb, "Il" KBS3HpeHTY. HaKOHe'1, eCIl" CpeAH"e "3Aep>KK" CP"PMbl np" Ilf050M 05beMe npO"3- BOACTBa Bblwe pbIH04HO" '1eHbl (P"C. 6.3B), TO AaHHa" cp"pMa Tepn"T y5blT- K" " pa30p"TC", eCIl" He 5YAeT peOpraH"30BaHa "Il" He Y"AeT C pblHKa. A"HaM"Ka CpeAH"X "3Aep>KeK xapaKTep"3yeT nOIlO>KeH"e CP"PMbl Ha pblHKe, OAH8KO C8M8 no ce6e He onpe,qellHeT IlL-1HHL-1 np8AIlO>K8HI4H VI T04KH OnT\.1M8IlbHOro 06b8M8 npoH3BoACTB8. J].eVlCTBIIIT8IlbHO, eCIlVl CP8AHVl8 1113- Aep>KK" H">Ke '1eHbl (P"c. 6.35), TO Ha 3TOM OCHOBaH"" Mbl MO>KeM Il"Wb YT- Bep>KAaTb, 4TO B "HTepBaIle OT Q, AO Q, HaXOA"TC" 30Ha np"5blIlbHoro npo- H3BOAcTBa, a np" 05beMe npO"3BOACTBa Q3' KOTOPOMY COOTBeTCTBYfOT M"- H"MaIlbHble CpeAH"e "3Aep>KK", cp"pMa nOIlY4aeT MaKC"MaIlbHYfO np"5blIlb Ha eA"H"'1Y npOAYKTa. OAHaKO 03Ha4aeT Il" 3TO, 4TO T04Ka Q3 - 3TO T04Ka onmMaIlbHoro 06beMa npO"3BOACTBa, rAe cp"pMa AOCT"raeT cBoero paBHo- BeCL-1H? np0L-13Bo,q!.1TeIlH, K8K 1r13B8CTHO, L-1HTepecY8T H8 nplt!6blllb H8 e,qIt!HH- '1Y npoAY K '1"", a MaKC"MYM 051l1e" MaCCbl nOIlY4aeMo np"6bIIl". Kp"Ba" CpeAHL-1X !.13,qep>KeK He nOK83b1B88T, r,qe ,qOCTlt!r8eTCfI 3TOT M8KCHMYM. B CBs:l3!.1 C 3THM H806xOAHMO p8CCMOTpeTb T8K H83blB88Mbie npe,qel1b- 127 
fnasa 6 C AC AVC PUG. 6.4. o npeoenbHble U30epJKKU q,UPMbl Q ..-H..!!.aep T. e. AOnOIlH"TeIlbHble "3Aep>KK", CB"3aHHble C npO"3BOA- CTBOM AOnOIlH"TeIlbHO" eA"H"'1bl npOAYKTa Ha"50Ilee AeWeBblM cnOC060M. npeAeIlbHble "3Aep>KK" nOIlY4afOTCR KaK pa3HOCTb Me>KAY "3,qep>KKaM" npO"3BOACTBa n eA"H"'1 " "3Aep>KKaM" npO"3BOACTBa n-1 eA"H"'1: MC = TC o -TC o _,' Ha P"c. 6.4 nOKa3aHa A"HaM"Ka npeAeIlbHblx "3Aep>KeK. Kp"Ba" npeAeIlbHblx "3Aep>KeK He 3aB"C"T OT nOCTO"HHbIX "3Aep>KeK, nOTOMY 4TO nOCTOHHHbl8 H3Aep>KK\.1 CYLl.\eCTBYIOT He38BI.-1CHMO OT TOro, npo- H3BOAVlTCfI JlVl AonOIlHHTeJlbH8H eAHHH8 npOAYKHH. CH848n8 npeAeIlbHble "3Aep>KK" COKpall1afOTC", OCTaBS"Cb H">Ke CpeAH"X "3Aep>KeK. 3TO 05b"C- H"eTC" TeM, 4TO eCIl" "3Aep>KK" Ha eAHHH'1Y npOAYK'1"" y6blBafOT, cIleAO- BaTeIlbHO, Ka>KAbl" nOCIleAYfOll1H" npOAYKT CTO"T MeHbwe CpeAH"X "3Aep- >KeK npeAWeCTBYfOl11"X npOAYKTOB, T. e. CpeAH"e "3Aep>KK" Bblwe npeAeIlb- HbIX. nOCIleAYfOll1"" paCT CpeAH"X "3Aep>KeK 03Ha4aeT, 4TO npeAeIlbHble "3- Aep>KK" CTaHOB"TC" Bblwe npeAweCTBYfOl11"X cpeAHHX "3Aep>KeK. TaK"M 05- pa30M, Il"H"" npeAeIlbHblX "3Aep>KeK nepeceKaeT Il"H"fO CpeAH"X "3Aep>KeK B ee MVlHHM8IlbHOH T04K8 M. npOH3BOACTBO AOnOIlH"TeIlbHO" eA"H"'1bl npoAYK'1"", nop0>KAa" AOnQJ1- H"TeIlbHble "3Aep>KK", C APYro" CTOpOHbl, np"HOC"T " AonoIlHHTeIlbHbl" AO- XOA, BblPY4KY OT ee npOAa>K". BeIl"4"Ha 3TOro AOnOIlH"TeIlbHoro, "Il" npeAeIlbHoro AOXOAS (npeAeIlbHoH BbIPY4K") npeACTaBIl"eT c060" pa3- HOCTb Me>KAY BaIlOBO" BblPY4KOH aT npOAa>K" n " n-1 eA"HH'1 npoAY K '1"": MR = TRo - TRo_,' B YCIlOB""X cB050AHO" KOHKypeH'1"H, KaK "3BeCTHo, npOH3BOAHTeJlb He MO>KeT nOBIl\.1HTb H8 ypoa8Hb pbJH04HOVl l!8Hbl, 14, cneAO- BaTeIlbHO, npOAaeT Ilf050e KOIl"4eCTBO CBoe" npOAYK'1"H no OAHO" " TO" >Ke '1eHe. 3TO 3Ha4HT, 4TO B YCIlOB""X CB060AHO" KOHKypeH'1"" AOnOIlH"TeIlb- Hbl" AOXOA aT npOAa>K" AOnOIlH"TeIlbHO" eA"H"'1bl npoAYK'1"" 5YAeT np" Ilf050M 05beMe OA"HaKOB, T. e. npeAeIlbHbl" AOXOA 5YAeT paBeH '1eHe: MR=P. 128 MexaHU3M pblHKa cosepweHHou KOHKypeHLJ,UU P MC P, MR o Q, Q PUG. 6.5. PaSHoaecue q,UPMbl Ha pblHKe cosepweHHoii KOHKypeHI..(UU I BBeA" nOH"T"" npeAeIlbHblx "3Aep>KeK " npeAeIlbHOro AoxoAa, Mbl MO- >KeM Tenepb 50Ilee T04HO onpeAen"Tb T04KY paBHOBeC"" CP"PMbl, "Il" T04- KY, rAe OHa npeKpall1aeT Hapall1"BaTb npO"3BOACTBO, A05"BW"Cb MaKC"- MaIlbHO B03MO>KHO" np" AaHHO" '1eHe MaCCbl npH5bIIl". 04eB"AHO, 4TO cpHpMa 6YAeT paCW"p"Tb 05beM npO"3BOACTBa, nOKa Ka>KAa" AOnOIlH"TeIlb- HO npO"3BeAeHHa" eA"H"'1a npOAYK'1"" 5YAeT np"HOC"Tb AOnOIlH"TeIlbHYfO np"5bIIlb. Apyr"M" CIlOBaMH, nOKa npeAeIlbHble "3Aep>KK" 5YAYT MeHbwe, 4eM npeAeIlbHbl" AOXOA, cp"pMa MO>KeT paCW"p"Tb npO"3BOACTBO. ECIl" npeAeIlbHble "3Aep>KK" Ha4HYT npeBblwaTb npeAeIlbHblH AOXOA, cp"pMa 5y- AeT HeCT" y5bITK". Ha P"c. 6.5 nOKa3aHo, 4TO C YBeIl"4eH"eM npO"3BOACTBa Kp"Ba" npe- AeIlbHblX "3,qep>KeK (MC) "AeT BBepx " nepeceKaeT rop"30HTaIlbHYfO Il"H"fO npeAeIlbHoro AoxoAa, paBHoro pbIH04HO" '1eHe P" B T04Ke M, COOTBeTCT- BYfOl11e" 05beMY npO"3BOACTBS Q,. nf050e OTKIlOHeH"e aT 3TO" T04K" np"BOA"T K nOTep"M AIl" CP"PMbl IlH50 B B"Ae np"MblX y6blTKOB np" 50Ilb- weM 05beMe npO"3BOACTBa, Il"60 B pe3YIlbTaTe cOKpall1eH"R MaCCbl np"- 5b1Il" np" YMeHbWeH"H BblnycKa npoAYK'1"". TaK"M 06pa30M, YCIloBHe pSBHoBecH" <jIHPMbl, KaK B KpaTKocp04HOM, TaK " B AOIlroCp04HOM nep"oAe (0 nocIleAHeM - CM. 3 3) MO>KHO ccpop- MYIl"pOBaTb cIleAYfOll1"M 06pa30M;.MC = MR.. nf05s" cp"pMa, A05"BafOll1a,,- C" np"5bIIl", CTpeM"TC" YCTaHOB"Tb TaKO" 05beM npO"3BOACTBa, np" KOTO- pOM c05IlfOAaeTC" 3TO YCIlOB"e paBHOBeC"". Ha pblHKe COBepweHHO" KOH- KypeH'1"" npeAeIlbHbl" AOXOA BcerAa paBeH '1eHe, n03TOMY YCIlOBHe paB- HOBec"" CP"PMbl np"05peTaeT B"A MC = P. COOTHOWeH"e npeAeIlbHblX "3Aep>KeK " npeAeIlbHoro AOXOAa - 3TO CBO- ero pOAa C"rHaIlbHa" C"CTeMa, KOTOpa" "HCPopM"pyeT npeAnp"H"MaTeIl" a TOM, AOCTHrHYT IlH OnT\.1MYM np0l.13BOACTB8 V1IlH MO>KHO O>KIr1AaTb ,lJ,8IlbH8V1- wero pOCTa np"5bIIl". OAHaKO HeIlb3" T04HO onpeAeIl"Tb nOIlY4aeMYfO CP"P_ MO" Maccy np"5bIIl" Ha OCHOBSH"" A"HaM"K" npeAeIlbHblX "3Aep>KeK, no- CKOIlbKY, K8K Y>Ke OTMel.J8IlOCb, OHH H8 YLJV1TbIBaIOT nOCTOHHHblX H3A8p>KeK. 129 9 Kypc 3KoHoMw...eco Teop 
rnasa 6 c c c P, a) 5) Q, B) o QO Q 0 Q npU6btnU U y6blm«u q,UPMbl Ha pblHKe cosepweHHOU KOHKypeHLCuu 061l1a" np"6bIIlb, nOIlY4aSMa" CP"PMO", MO>KeT 5blTb onpeAeIleHa KaK pa3HOCTb Me>KAY BaIlOBO" BbIPY4KO" (TR) " BaIlOBbIM" "3Aep>KKaM" (TC). B CBOIO 048p8Ab, BaIlOB8H BblpYYKa BbIYL-1CIlHeTCH KaK np01t13BeAeH!.18 KOIlL-14eC- TBa npOAYK'1"" Ha '1SHY (TR = Q x PI, a BaIlOBble "3Aep>KK" - npO"3BeAe- H"e KOIl"4eCTBa npoAYK'1"" HS CpeAH"e "3ASP>KK" (TC = Q x AC). TaK"M 05pa30M, Il"Wb COeA"H"B npOBeAeHHbl" paHse aHaIl"3 npSASIlbHblX "3Aep- >KSK " npSAeIlbHoro AOXOAS C aHaIl"30M A"HaM"K" CPSAH"X "3Aep>KeK, MO- >KeM TOYHO onp8Aem-1Tb 06b8M nOIlY488MOVl npVl6blIlH. PaCCMOTpHM TP" B03MO>KHbIX pblH04HbiX C"Tya'1"". KorAa Il"H"" npe- AeIlbHoro AOXOAa Il"Wb KaCaeTC" KP"BO" CPSAH"X "3Aep>KeK (P"C. 6.6a), Ba- IlOBa" BblpY4Ka B T04HOCT" paBHa BaIlOBblM "3Aep>KKaM. np"5blIlb CP"PMbl 5y- AeT HopMaIlbHO", nOCKOIlbKY '1eHa ee npOAYK'1"" paBHa CpeAH"M "3Aep>KKaM. ECIl!.1 Ha KaKOM-TO !.1HTepBaIle IlVlHHH u,eHbJ VI npeA8IlbHoro AOXOA8 p8C- nOIlsraeTC" Bblwe KP"BOH CpeAH"X "3Aep>KeK (P"c. 6.65), TO B T04Ke paBHO- BeC"" M CP"PMS 5YAST nOIlY4aTb KBa3"pSHTY, T. e. np"5bIIlb, npeBblWafOll1YfO HopMaIlbHbl" ypOBeHb. np" OnT"MaIlbHOM 05beMS npO"3BOACTBa Q, CP8AH"e "3ASp>KK" 6YAYT paBHbl C" CIleAOBaTSIlbHO, BaIlOBble "3Aep>K'" COCTaB"T;,nIlO- ll1aAb np"MoyroIlbH"Ka OC,LQ,. BaIlOBa" BblpY4Ka (np"MoyroIlbH"K OP,MQ,) 6YAeT 50Ilbwe, " nIlOll1aAb 3aWTp"XOBaHHoro np"MoyroIlbH"Ka C,P,ML no- Ka>KeT HaM 051l1YfO Maccy nOIlY4aSMO" cBspxnp"6bIIlH. Ha P"C. 6.6B nOKa3aHS "Ha" C"Tya'1"": CpeAH"e "3ASP>KK" np" Ilf050M 05bSMe npO"3BOACTBa npeBblwafOT pblH04HYfO '1eHY. B 3TOM CIlY4ae Aa>Ke np" OnT"MaIlbHOM 05beM'e npO"3BOACTBa (MC = P) cp"pMa HeceT y5bITK", XOTR OH" " MSHbwe, 4eM np" APyr"X 05beMax npO"3BOACTBa (nIlOll1aAb 3aWTp"XOBaHHoro npMoyroIlbH"Ka P 3 C,LM M"H"MaIlbHa "MSHHO np" 06b- eMS npO"3BOACTBa Q3)' PaCCMOTp"M 3TY nOCIleAHfOfO C"Tya'1"fO nOAP06Hee. OT y5blTKOB B Pbl- HOYHOIl1 3KOHOMVlKe He 3aCTpaXOB8H HVIKTO. n03TOMY, 8CIlL-1 B CHIlY T8X Hn PUC. 6.6. 130 MexaHU3M pblHKa coeepweHHo(J KOHKypeHLjUU C AC P, o Q, Q PUC. 6.7. MUHUMU3aLCUR y6blmKos q,UpMbl HHblX np"4"H (Hanp"MSp, He6Ilaronp""THO" KOHbfOHKTypbl pblHKa) cp"pMa He nonY4aeT np"5bIIl", TO aHa AOIl>KHa M"H"M"3"pOBaTb y5bITK". ECIl" paCCMaTp"BaTb nOBSAeH"e CP"PMbl B KpaTKocp04HO" nepCneKT"Be, KorAa OHa nO-npe>KHeMY OCT8eTCH Ha AaHHOM pblHKe, TO YTO AJIH Hee npeAn04TH- TeIlbHse - npOAOIl>KaTb pa50TaTb " npO"3BOA"Tb npOAYK'1"fO "Il" BpeMeH- HO OCTaHOB"Tb npO"3BOACTBO? B KaKOM CIlY4as y5b1TK" 6YAYT MeHbwe? 05paT"M BH"MaHHe, 4TO KorAa cp"pMa H"4ero He npO"3BOA"T, OHS He- ceT TOIlbKO nOCTo"HHble "3Aep>KK". ECIl" >Ke OHa npO"3BOA"T npOAYK'1"fO, TO K nOCTO"HHbIM "3ASp>KKaM A05aBIl"fOTC" nspeMeHHble, HO np" 3TOM CP"P_ Ma nOIlY4aeT " HeKOTopbl" AOXOA aT npOAa>K. n03TOMY, 4T06bl nOHmb, Kor- Aa cp"pMa M"H"M_".3_"RyeL.Q.0" y5b11KH" HaAo COnOCTaB"Tb ypoBeHb '1eHbl He TOIlbKO co CpeAH"M" "3Aep>KKaM" (AC), HO " CO cpeAHHM" nepSMeHHbl- M" H3Aep>KKaMH (AVC). PaCCMOTp"M C"Tya'1"fO, nOKa3aHHYfO Ha P"C. 6.7. PbIH04HS" '1eHa P, HVI>Ke MV1H\.1M8IlbHbIX CpSAHVlX H3A8p>KeK, HO BblW8 Mt.-1HV1MallbHbIX CpeAHL-1X nepeMsHHblX "3Aep>KeK. np" OnT"MaIlbHOM 06beMs npO"3BOACTBa Q, BeIl"- 4"Ha CpeAH"X "3Aep>KeK npO"3BOACTBa COCTaB"T oTpe30K Q,M, BeIl"4"Ha CpeAH"X nepeMeHHblx "3Aep>Ke' - oTpe30K Q,L. CIleAoBaTeIlbHo, oTpe30K ML - 3TO CpeAH"e nOCTO"HHble "3Aep>KK". ECIl" cp"pMa npOAOIl>KaeT pa60- TaTb, TO se BaIlOBa" BblpY4Ka (np"MoyroIlbH"K OP,EQ,) 6YAeT MeHbWS nOIlHblX "3Aep>KeK (np"MoyroIlbH"K OC,MQ,), HO np" 3TOM 5YAYT nOKpbl- Tbl nepeMeHHble "3Aep>KKH (np"MoyroIlbH"K OCvLQ,) " 4aCTb nOCTO"HHbIX "3Aep>KeK. Pa3Mep y6blTKOB 5YAeT "3MSP"TbC" nIlOll1aAbfO np"MoyroIlb- H"Ka P,C,ME. ECIl" >Ke cp"pMa OCTaHOB"T npO"3BOACTBO, TO y5b1TK" CO- CTaB"T BCfO BeIl"4"HY nOCTO"HHbIX "3Aep>KeK (np"MoyroIlbH"K CvC,ML). 131 ,- 
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Inaea 6 MexaHU3M pblHKa coeepweHHoO KOHKypeHLJ,UU P8CCMOTpV1M Tenepb, K8K H3MeHs:leTCH p8BHOBeCHe CPL-1PMbl npL-1 L-13MeH8- H"" 4"CIlS CP"PM B OTpaCIlH. 05paT"MC" CHOBa K P"CYHKY 6.6. ECIl" Pb1H04- Ha" '1eHa Bblwe CpeAH"X "3Aep>KeK (P"c. 6.66) " cp"pMa nOIlY4aeT KBa3"- peHTY, TO B 3TOM CIlYY8e HOBbl8 CPL1PMbl, npHBIl848HHbl8 B03MO>KHOCTblO no- IlY4"Tb cBepxnp"6bIIlb, 6YAYT CTpeM"TbC" B 3TY OTpaCIlb. B YCIlOB"RX CO- BepweHHO" KOHKypeH'1H" CYll1eCTBeHHblX 5spbepOB, npen"TCTBYfOl11"X nO"B- IleH"fO B OTpaCIl" HOBblX CP"PM, HeT. n03TOMY npeAIlO>KeHHe npOAYK'1"" Ha4HeT paCT", " B pe3YIlbTaTe KOHKypeH'1"" Me>KAY cp"pMaM" np"BOA"T K CHL1>KeHL11O u,eHbl It1 L1CY83HOB8HV11O KBa3HpeHTbi. KorAa C"Tya'1"" Ha pblHKe cKIlaAblBaeTc AIl" CP"PMbl He6IlarOnp""THO " '1eHa HS ee npoAYK'1"fO OKa3bIBaeTC" H">Ke CpeAH"X "3Aep>KeK (P"c. 6.6B), TO cp"pMa, OKa3SBwa"c B TaKOM nOIlO>KeH"", YXOA"T C pblHKa, " npeAnO>Ke- H"e npOAYK'1"" COKpall1aeTC". np" np04"X pSBHblX YCIlOB""X, '1eHa Ha4"Ha- eT B03paCTaTb, nOKa CP"PMS He 5YAeT nOIlY4aTb HOPMSIlbHYfO np"5bIIlb. HaKOHe'1, eCIl" '1eHS paBHa M"H"MaIlbHbIM CpeAH"M "3Aep>KKaM (pHC. 6.6a), TO B 3TOM CIlY4ae He Ha6IlfOAaeTC" TeHAeH'1"" K "3MeHeHHfO 4"CIla CPYHK'1"OH"PYfOll1"X B OTpaCIl" CP"PM, AaHHa" KOHKypeHTHa" OTpaCIlb H8XOAIr1TCH B COCTOHHL1H nOIlHOro ,QOIlrOCpOYHOro p8BHOBeCV1H, YCIlOB!.1e KO- TOpOro MO>KHO 3an"CaTb CIleAYfOll1"M 05pa30M: MC = P = AC = LAC C OAHO" CTOpOHbl, YCIlOB"e P = AC nOKa3blBaeT, 4TO cp"pMa AocmraeT paBHOBeCHH npH p8BeHCTB8 u,eHbJ Ir1 MHHHM8IlbHblX CpeAHL-1X L-13Aep>K8K, TO eCTb B npo!.13BOACTB8 L-1CnOIlb3YIOTCH H8\.160Il8e 3cpcp8KTHBHbl8 T8XHOIlOr!.1L1 C Ha"MeHbW"M pacXOAOBaH"eM pecypcoB. KpOMe TOro, YCIlOB"e AC = LAC npeAycMaTp"BaeT, 4TO cp"pMa "MeeT onmMaIlbHble pa3Mepbl, KorAa KpaT- KOCp04Hbie CpeAH"e "3Aep>KK" paBHbl MHH"MaIlbHbIM Aonrocp04HbiM cpeA- H"M "3Aep>KKaM. C APYro" CTOpOHbl, YCIlOB"e P = MC nOKa3blBaeT, 4TO '1eHa KaK Mepa npeAeIlbHO" nOIle3HOCT" AaHHoro npOAYKTa paBHa npeAeIlbHblM H3Aep>KKaM KaK Mepe aIlbTepHST"BHO" CTO"MOCT" AOnOIlH"TeIlbHO" eAHH"'1bl npOAYKTa. TaK"M 05pS30M, 3TO YCIlOB"e nOKa3blBaeT, 4TO OrpaH"4eHHble pecypCbl pac- npeAeIleHbl B COOTBeTCTB"" C npeAn04TeH""MH nOTpe5"TeIle".  4. 11'1311HweK npOH3BOAHTeml, H311HweK nOTpe6HTel1f1 H B3aHMOBbirOAHOCTb o6MeHa o Q, Q B npeAblAYll1e" rnaBe 5blIlO BBeAeHO nOH"THe "3Il"WKa no- Tpe5"TeIl". 1I13Il"WeK npO"3BOA"TeIl" npeACTaBIl"eT c050" aHaIlOr"4Hbl" nOKa3aTeIlb AIl" npO"3BOA"TeIl". 1>13IlHweK npoH3BoAHTeIlR - 3TO pa3H"- '1a Me>KAY pbIH04HO" '1eHo" " npeAeIlbHblMH "3Aep>KKaM" BbrnycKaeMO npoAYK'1"". npeAeIlbHble "3Aep>KK" YKa3blBafOT Ha M"H"MaIlbHYfO '1eHY, np" KOTOpO" cp"pMa COrnaC"IlaCb 5bl Bo051l1e npO"3BOA"Tb Ka>KAYfO AOnOIlH"- TeIlbHYfO eA"H"'1Y npoAYK'1"" (cpaBH"Te C onpeAeIleH"eM "3Il"WKa nOTpe- 5"TeIl B rn. 5, 3 9). rpScp"4eCK" 3TOT "3Il"WeK MO>KeT 5blTb nOKa3aH B B"- Ae nIlOll1SA" HaA KP"BO" npeAIlO>KeH"", BnIlOTb AO Il"H"" pbIH04HO" '1eHbl (Ha P"C. 6.10 3aWTp"XOBaHHa" 05IlacTb). nOHHTL1H L-13IlIr1WKa nOTpe6L-1TeIls:l VI 1r13Illt1WKa np0!.13BOAL-1TeIlH MorYT 6blTb V1cnOIlb30B8Hbl AIlH 0U,8HKIr1 nocIl8ACTBHL4 roCYA8PCTB8HH0L4 nOIlL-1n1KH B 06- IlaCT" '1eHo05pa30BaHH". npeAnOIlO>K"M, 4TO rocYAapcTBo CP"KC"PyeT '1eHY Ha KaKO"-Il"60 TOBap Ha ypoBHe P, H">Ke '1eHbl paBHOBeC"" Po (CM. P"C. 6.11). 1113 npeAblAYll1ero "3IlO>KeH"" Mbl 3HaeM, 4TO 3TO np"BOA"T K B03- H"KHOBeH"fO Aecp"'1"Ta (0, - 0,), nOCKOIlb'Y np" CH">KeH"" '1eHbl BeIl"4"- Ha cnpoca B03paCTaeT, HO npO"3BOA"TeIl" COKpall1afOT npO"3BOACTBO. A YTO OT T8KOVI rocY,Q8pCTB8HHOVl nOIlL-1TL-1KIr1 BblV1rpblB8lOT L1IlH npoV1rpbl- BafOT nOTpe5"TeIlH " npO"3BOA"TeIl"? nOTpe5"TeIl" nIlaT"T 3a TOBap MeHb- WYfO '1eHY, n03TOMY "X nOTpe5"TeIlbCK"" "3Il"WeK B03pacTaeT Ha BeIl"4HHY, paBHYfO nIlOll1aA" np"MoyroIlbH"Ka a. Ho B CB"3" C B03H"KW"M Aecp"'1"TOM P"A nOTpe5"TeIle" He MO>KeT np"05peCT" He05xOA"Mbl" "M TOBap. nOTep" "X nOTpe5"TeIlbCKoro "3Il"WKa nOKa3aHa TpeyroIlbH"KOM 6. TaK"M 05pa30M, eCIl" cnpoc AOCTaT04HO 3IlaCT"4eH " nIlOll1aAb np"MoyroIlbH"Ka a 50Ilbwe 135 rpacp"4eCK" YCIlOB"e paBHOBeC"" KOHKypeHTHo" CP"PMbl B AOIlroCp04- HOM nep"OAe nOKa3aHO Ha P"c. 6.9. MO>KHO CAeIlaTb BbIBOA, 4TO B YCIlOB""X cOBepweHHo" KOHKypeH'1"" B Aonrocp04HOM nep"OAe AocmraeTcR 3KOHOM"4eCKa" 3cpcpeKT"BHOCTb KaK C T04K" 3peH"" "cnOIlb30BaH"" OrpaH"4eHHblx pecypcoB B AaHHOM npo'1ecce npO"3BOACTBa, TaK " C T04K" 3peH"" "X pacnpeAeIleH"" Me>KAY pa3Il"4Hbl- M\.1 npoVl3Bo,QCTB8HHbIML1 npOl!8cc8MH. P AC P, PUG. 6.9. PaSHosecue HOHKypeHmHou CPUPMbl 6 oon20cpOHOM nepuooe 134 
rnasa 6 P S I I I I I I I I 0 Q, Q Puc. 6.10. lI'13nuweK npou36odumenR nIlOll1aA" TpeyroIlbH"Ka b, TO nOTpe5"TeIl" B pe3YIlbTaTe roCYAapCTBeHHOrO KOHTPOIl" HaA '1eHSM" OKa3bIBafOTC" B Bbl"rpbIWe, paBHOM (a _ b). 4TO K8caeTCH npOH3BOAHT8Il8V1, TO OHH TepnHT YVlCTbl8 y6blTKW OCTaB- WHec" B OTpaCIl" npOH3BOA"TeIl" nOIlY4afOT 50Ilee H"3KYfO '1eHY " Tep"fOT "36bITOK, paBHbl" nIlOll1aA" np"MoyroIlbH"Ka a. KpOMe TOro, B pe3YIlbTaTe 051l1ero COKpall1eH"" 06beMOB npO"3BOACTBa npO"3BOA"TeIl" AOnOIlH"TeIlb- HO Tep"fOT 4acTb "35bITKa, paBHYfO TpeyroIlbHHKY c. TaK"M 05pa30M, 051l1"e nOTep" npO"3BOA"TeIle" COCTaBIl"fOT (- a - cj. HeTpYAHO 3aMemTb, 4TO 051l1ee "3MeHeH"e cOBoKynHblX "3Il"WKOB no- Tpe6"TeIle " npO"3BOA"TeIle" COCTaBIl"eT (a - b - a - cj = (- b - cj. Apy- rHMH CIlOB8M!.1, nOT8pVl npOl.-13Bo,QVlT8Ilelll np8BblW81OT BblHrpbrw nOTpe6HTe- Il8V1, VI CIl8,QOBaT8IlbHO, roCYAapCTB8HHblVl KOHTpOIlb H8A 8HaMH npVlBOAVIT K YVlCTblM nOTepHM 6IlarococTOHHIt1H. B '1eIlOM, MO>KHO CAeIlaTb BbIBOA, 4TO KynIlR-npOAa>Ka TOBapOB no CIlO- P s P, P, D 0 Q, Q, Q, Q Puc. 6.11. nocnedcmeUR 2ocydapcmeeHHo2o KOHmponR Had qeHoii 136 MeX8HU3M pblHKa cosepweHHoiJ KOHKypeHLjUU >KL-1BweIl1CH Ha pblHK8 U8He HBIlH8TCH B38!.1MOBblroAH0C1 AIlH npOA8Bl!OB \.1 no ,ynaTeIle". 111 Te, " APyr"e nOIlY4afOT B pe3YIlbTaTe 06MeHa onpeAeIl,,:HHbl" Bbl"rpblW ("3Il"WeK). Ba>KHO, OAHaKO, nOA4epKHYTb, 4TO cOBoKynHbl" pa3: Mep 3TOro BblV1rpblwa MaKCL-1M\.13HPY8TCH L-1MeHHO B YCIlOBHs:lX COBepW8HH0V1 KOHKypeH'1"". nf050e OTKIlOHeH"e aT KOHKypeHTHoro pSBHOBeC"" (B pe3YIlb- TaTe BMewaTeIlbCTBa roCYAapCTBa "IlH KaK"X-Il"50 APyr"X np"4"H) np"BO- A"T K nOTep"M 051l1eCTBeHHoro 5IlarococTO"H"R OCHOBHble nOHRTHR: HSHble Y13A8p)l{KY1 explicit cost implicit cost sunk cost HeflBHbre !.13,Q8p>KKItl HeB03SpaTHbJe V13,Qep)l{KVI A.nbTepHaT\.1SHble Vl3Aep)l{KH 5yxramepCKa" np"6blnb 3KOHOMVl48CK8f1 npV16blflb HopMaflbHafl npH6blIlb nOCTOflHHble Vl3,Qep)l{KVI opportunity cost accounting profit economic profit normal profit fixed cost variable cost total cost short run nepeM8HHbie H3,Qep>KKVI BanOBble (061l1"e) H3Aep>KKH Kp8TKOCp04HblC1 neplllo,Q ,QOIlrocpo4HbrC1 nepVlo,Q Cpe,QHHe 1t13,Qep)\{KVI KS83V1peHTa npe,Q8IlbHbre 1t13,Qep>KKIII BaIloBoa:1 ,QOXO,Q long run average cost quasi-rent marginal cost total revenue npeAenbHbl" AOXOA P8BHoseCVle qH1pMbr V13IlVlweK IJPOIll3BO,QVlTeIlfl marginal revenue firm equilibrium producer's surplus 137 
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rnaea 7 P P P, D o Q a) ycnoBHH cOBepweHHo KOHKypeHHH o Q 6) ycnoBHH '-IHCTO MOHononHH Puc.7.2. KpueaR cnpoca Ha npooYKL4UIO cpUPMbl npu coeepweHHou U HecosepweHHou KOHKypeHL4UU Kp"Ba" cnpoca Ha ero npoAYK'1"fO - 3TO ompacneeafl Kpueafl cnpoca. CIle- AOB8T8IlbHO, AIls:! TOro, YT06bl npOAaTb AOnOIlH!.1T8IlbH08 KOIlY8CTBO npo- AYK'1"", He05xOA"MO CH"3"Tb '1eHY. P8CCMaTpV1B8H MOA8Ilb YL-1CTOVI MOHOnOm1!.1, cpaBHV1M, np8>K,qe BC8ro, Kp"Bble cnpoca Ha TOBap ABYX CP"PM - npeACTaB"T8Ile" COBepweHHO" " He- cOBepweHHO" KOHKypeH'1"". 1113 3T"X rpacp"KOB B"AHO, 4TO cOB8pweHHO KOHKypeHTHa" cp"pMa (P"c. 7.2a) MO>K8T npOAaTb, CKOIlbKO OHa X048T, He OKa3bIBS" np" 3TOM Bn"- "H" Ha pblH04HYfO '1eHY. CIleAOBaTeIlbHO, Il"H"" cnpoca 0 Ha ee npOAYK- 41O rop30HTaIlbH8. H8B03MO>KHOCTb BIlHTb H8 pblHOYHYIO l!8HY CBfl3aH8 C OTHOC"TeIlbHO He50IlbW"M 05beMOM npO"3BOACTBa Y CP"PM, BXOA"ll1"X B OTpacIlb. n03TOMY CKOIlbKO 5bl cp"pMa-«'18HOnOIlY4aTeIlb» H" nOCTaB"Ila TOBap8 Ha pbIHOK, BC8 paBHO 3TO KOIlY8CTBO CJIWKOM M8IlO, YTo6bl OKa- 3blBaTb B03A8V1CTBL-18 H8 CflO>K!.1BWYIOCH H8 pblHKe 48HY. B CIlY4ae CP"pMbl-HecOB8pweHHoro KOHKypeHTa (P"c. 7.25) Kp"Ba" cnpoc8 0 M8eT OTpL-1l!aT8JlbHbIL4 HaKflOH, nocKoIlbKY, Y8M 60Ilbwe KOIlVl48- CTBO TOBapoB, KOTopoe HaMepeHa npOAaTb cp"pMa, TeM H">Ke AOIl>KHa 5blTb '1eHa, KOTOpyfO aHa YCTaHOB"T. CIleAOBaTeIlbHO, KorAa cp"pMa-MOHOnOIl"CT Bbl6p8CblB88T Ha pblHOK 60flbW88 KOIl!.148CTBO TOB8pa, ero u,eH8 na,q88T. B8>KH8V1WV1V1 BbIBO,q, KOTOpblL4 MO>KHO C,q8Il8Tb V13 paCCMOTp8HH np!.1B8- AeHHblX rpacp"KOB, CIleAYfOll1"": rop"30HTaIlbHOCTb Il"H"" cnpocs Ha TOBap, npO"3BOA"Mbl" CP"PMO", xapaKTep"3yeT ee KaK COBepweHHoro KOHKypeHTa. ECJl!.1 >K8 IlL-1HVlH cnpoca M88T OTpltlU,8T8IlbHbIVi H8KIlOH, TO Mbl ItIMe8M AeflO C cpHpMOIII - «4eHoHCKaT8IleM». Tenepb, nOCIle aHaIl"3a KP"BO" cnpoca 06pamMC" , np06IleMe MaKC"- MV138l!It1H npV16blIlVl l.JIt1CTOVl MOHonom1eVl. npL-1 ee p8WeHL-1 MO>KHO BocnOIlb- 30BaTbCH ABYMH cnOC068M\.1: 1. MeToAoM cpaBHeH"" BaIloBoro AOXOAa (TR) " BaIlOBblX "3Aep>KeK (TC); 142 MexaHU3M pblHKa HecosepweHHou KOHKypeHLjUU Ta6IH1L1a 7.2 KOflH"IeCTSO Tosapos, ...eHa H SM,qbl ,qOXo,qos MOHOnOl1HCTa 1 2 3 4 KOIlIII'-IeCTBO WeHa, P BaI10BOLii npe,QeI1bHbILii e,QIt1HIt1L1 TOBapa, Q AOXOA, TR ,QOXOA, MR 1 41 41 41 2 39 78 37 3 37 111 33 4 35 140 29 5 33 165 25 6 31 186 21 7 29 203 17 8 27 216 13 9 25 225 9 10 23 230 5 11 21 231 1 12 19 228 -3 2. MeToAoM cpaBHeH"" npeAeIlbHoro AOXOAa (MR) " npeAeIlbHblX "3- Aep>KeK (MC). KaK "3BeCTHO "3 rn. 6, BaIlOBO" AOXOA npeACTaBIl"eT c060" npO"3Be- AeH"e p" Q, T. e. '1eHY eAHH"'1bl TOBapa, YMHO>KeHHYfO Ha KOIl"48CTBO 8A"- H"'1 npoAaBaeMo" npoAYK'1H" (PQ). nOMH" 0 TOM, 4TO AIl" npOAS>K" Ka>K- AO" AOnOIlH"TeIlbHO" eA"H"'1bl npoAYK'1"" MOHOnOIl"CT AOIl>KeH nOH">KaTb ee '1eHY, npeACTaB"M B B"Ae Ta5Il"'1bl A"HaM"KY '18Hbl, BSIlOBOro AOXOAS " np8AeIlbHoro AoxoAa (Ta5Il. 7.2). 3H8YeHH KOIlOHKH 3 nOIlY481OTCH YMHO>KeHHeM COOTB8TCTBYIOLl.\V1X 3H8YeH!.1V1 KOIlOHKV1 1 Ha 3H848HL-1e KOIlOHKVI 2. KOIlOHKY 4 nOIlY4a8M !.13 KO- IlOHKV1 3, Bbl4L-1Tas:l 1113 Ka)\{Aoro CIleAYIOLl.\ero 3H8Y8HII1s:1 BanoBoro Aoxo,qa BeIl"4"HY, npeAweCTBYfOl11YfO e". Hanp"Mep, 78 - 41 = 37; 111 - 78 = 33; 140 - 111 = 29 " T. A. KOIlOHK8 3 nOK83bJB8eT, YTO BaIloBoVi AOXOA p8cTeT, HeCMOTpH H8 nOHH- >KeH"e '1eHbl, BnIlOTb AO npOAa>K" 11 eA"H"'1 TOBapa "AOCT"raeT np" 3TOM MSKC"MYMa, T. e. 231 AOIlIl. MOHOnOIl"CT CHH>Ka8T '1eHY, HO 3aTO pacw"p"- eT 06beM npOAa>K. Ho, Ha4"Ha" C 12-" eA"H"'1bl npoAYKTa, np" CH">K8H"" '1eHbl AO 19 AOIlIl. " AaIlee, BaIlOBO" AOXOA Ha4"HaeT YMeHbwaTbc". Te- 143 
Inasa 7 TC,TR TC o 9 11 Puc. 7.3. Q Bano6ou iJoxoiJ U 6an06ble u3iJep>KKU MOHononucma nepb npO"rpblW OT CHH>KeH"" '1eH Y>Ke He KOMneHC"PyeTC" Bbl"rpblWeM OT paCW"peH"" npOAa>K: BaIlOBO" AOXOA nOCIleAOBaTeIlbHO COKpall1aeTC". rps- cp"4eCK" A"HaM"Ka BaIlOBoro AOXOAa OTpa>KeHa Ha P"C. 7.3. Kp"Ba" BaIloBoro AoxoAa CP"PMbl npH HecoBepweHHo" KOHKypeH'1"" ""M88T «xoJlMo06pa3Hblllt» BHA. Ha 3TOM >Ke rpacp"Ke "305pa>KeHS " Kp"Ba" BaIlOBblX "3Aep>KeK (TC), KOTOpa" Y>Ke "3BeCTHa "3 rn. 6. MaKC"MYM 061l1e" np"6bIIl" 5YAeT np" Ta- KOM 05beMe BblnycKa, KorAa pa3H"'1S Me>KAY TR " TC MaKC"MSIlbHa. 3TO B"AHO "3 rpacp"Ka Ha P"c. 7.3: MaKC"MaIlbHOe paCCTO"H"e Me>KAY TR H TC 6YAeT COOTBeTCTBOBaTb paCCTO"H"fO Me>KAY T04KSM" A " 8, T. e. KorAa npo- "3BeAeHO 9 eA. npoAYK'1"". He HY>KHO CMeWHBSTb MSKCHMYM BSIlOBoro AOXOAS H MaKcHMYM o51l1eii np"5bIIlH: np" BbrnycKe 11 eA. AOCT"raeTC" Ha"50IlbW"" 06beM TR, HO MaKcHMYM np"6bIIl" 5YAeT AocT"rHYT np" 9 eA. npoAYK'1"". AnbTepHaT"BHbl" cnoc05 onpeAeIleH"" MaKC"MYMa np"5bln" Tpe5yeT COnOCTaBIleH"" npeAeIlbHoro AoxoAa (MR) " npeAeIlbHblX H3Aep>KeK (MC). Ell1e pa3 HanOMH"M, 4TO B YCIlOB""X cOBepweHHoii KOHKypeH'1"" '1eHa AIl" oTAeIlbHoH CPV1PMbl HBIlHeTCH Bel1L-14t.-1H0L4 nocToHHHOVl 14 38A8HHOIII pbIHKOM. Ho KaKOB np" 3TOM npeAeIlbHbl" AOXOA? npeAeIlbHblii AOXOA - 3TO AonoIlHHTBIlbHblii AOXOA OT npOAa>KH AO- nOIlHHTBIlbHOii eAHHHLlbl TOBSpS. OH onpeAeIl"eTc" KaK pa3H"'1S Me>KAY TRo" TRo_, (CM. Ta5Il. 7.2, KOIlOHKa 4), T. e. MR = TRo- TRo_,' ECIlH cp"pMa - cOBepweHHbl" KOHKypeHT, "Il" «'1eHonOIlY4aTeIlb», TO aHa 5YAeT npOASBaTb Ka>KAYfO AOnOIlH"TeIlbHYfO eA"H"'1Y TOBapa no OAHO" H TO" >Ke He"3MeHHO" '1eHe. Hanp"Mep, 1 eA. npoAaeTc" no '1eHe 41 AOIlIl., 2 eA. no TO" >Ke '1eHe np"HecYT BaIlOBO" AOXOA 82 AOIlIl. (41 x 2). npeAeIlb- Hbl" AOXOA (MR) np" npOAa>Ke 2 eA"H"'1 COCTaB"T 82 AOIlIl. - 41 AOIlIl. = 41 AonIl. np" npOAa>Ke 3-x eA"H"'1 no '1eHe 41 AOIlIl. BaIlOBO" AOXOA co- CTaB"T 123 AOIlIl. (41 x 3), cIleAoBaTeIlbHo, MR COCTaB"T BHOBb 41 AOIlIl., Ta, KaK 123 AOIlIl. - 82 AOIlIl. = 41 AOIlIl. TaK"M 05pa30M, MO>KHO CAeIlaTb 144 MexaHU3M pblHKa HecoeepweHHoiJ KOHKypeHl../,uu D,MR Q Puc. 7.4. Cnpoc u npeiJenbHblu iJoxoiJ MOHononucma i t BbIBOA: B YCIlOB""X COBepweHHO" KOHKypeH'1"" npeAeIlbHbl" AOXOA paBeH '1eHe TOBapa, T. e. MR = P. KaKoB >Ke 5YAeT MR np" HeCOBepweHHO" KOHKypeH'1""? 1I1305pS3"M rpacp"4eCK" (CM. P"c. 7.4) A"HSM"KY npeAeIlbHoro AOXOAa " cnpoca B YCIlOB""X HecoBepweHHo" KOHKypeH'1"" (Ha OC" OPA"HaT - npe- AeIlbHblii AOXOA " '1eHa, Ha OCH a6c'1"cc - KOIl"4eCTBO npOAYK'1""). 1113 rpacp"Ka Ha P"c. 7.4 B"AHO, 4TO MR CH">KaeTC" 5blcTpee, 4eM cnpoc D. B YCIlOBH"X HecoBepwBHHoii KOHKypeHLlHH npeABIlbHblii AOXOA MeHbWB LleHbl (MR < P). BeAb AIl" TOro, 4T06bl npoAaTb AOnOIlH"TeIlbHYfO eA"H"'1Y npoAYK'1"", HecoBepweHHbl" KOHKypeHT CH">KaeT '1eHY. 3TO nOH"- >KeH"e AaeT eMY HeK"" Bbl"rpblW ("3 Ta6Il. 7.2 B"AHO, 4TO BaIloBo" AOXOA YBeIl"4"BaeTc,,), HO oAHoBpeMeHHo np"HOC"T " onpeAeIleHHble nOTep". 4TO 3TO 3a nOTep"? AeIlO B TOM, 4TO, npOAaB, Hanp"Mep, 3-fO eA"H"'1Y 3a 37 AonIl., npou3Booumenb CHU3un meM caMblM U L<eflY KaJKooii U3 npeobloyU{UX eOUHUL< npooYKL<UU (a Ka>KAa" "3 H"X npOAaBaIlaCb no 39 AOIlIl.). CIleAoBa- TeIlbHO, T8nepb Bce nOKyn8TeIllr1 nnaTHT 60Ilee HH3KYlO l!eHY. Y6blTOK H8 npeAwecTBYfOl11"X eA"H"'1aX 5YAeT paBeH 4 AOIlIl. (2 AOIlIl. x 2). 3TOT y5bl- TOK It! BbIYL-1T88TCH H3 L\eHbl B 37 AOIlIl. Ir1 nOIlYY8eTCH npeAeJlbHbl1it AOXOA _ 33 AOIlIl. B3a"MOCB"3b P"C. 7.3 " 7.4 3SKIlf04aeTC" B cIleAYfOll1eM: nOCIle TOro, K8K B8IlOB0L4 goxoA gocTHr8eT cBoero MaKcHMYMa, npeAeIlbHblL4 goxoA CT8- HOBIt1TCH OTp!.1l!aTeIlbHoVl BeIlL-1YVlHOL4. 3T8 38KoHoMepHocTb nOMO}f{8T H8M BnocIl8ACTBVI!.1 nOHHTb, Ha K8KOM yyaCTK8 KpL-1BOVl cnpoc8 MOHOnOJ1V1CT YCT8- HaBIl"BSeT '1eHY, MaKC"M"3"PYfOll1YfO np"6bIIlb. 05paT"Te BH"MaHHe " Ha TO, 4TO B cIlY4ae Il"He"HO" KP"BO" cnpoca 0 rpacp"K MR nepeceKaeT OCb a6c'1"CC pOBHO noCepeA"He paCCTO"H"" Me>KAY HYIleM " BeIl"4"HO" cnpo- ca np" HYIleBo" '1eHe. 06PST"MC" BHOBb K "3Aep>KKaM CP"PMbl. 1I13BecTHo, 4TO CpeAH"e "3Aep- >KK" (AC) "MefOT BHa4aIle, KorAa KOn"4eCTBO eA"H"'1 npoAYK'1"" YBeIl"4H- 145 10 Kypc 3KOHoM4ecKo Teop101 
rnasa 7 BaSTCH, TSHA8Hl!HIO K YM8HbW8HL-1IO. OAH8KO BnOCIle,QCTBHL-1, KorAa ,QOCTHr8- eTC" " npeBOCXOA"TC" HeKOTopbl" 05beM npO"3BOACTBa, CpeAH"e "3Aep>K- K" HSY"HSfOT paCT". A"HaM"Ka CpeAH"X "3Aep>KeK, KaK HaM "3BeCTHO, "Me- eT B"A U-05pa3HO" KP"BO" (CM. rn. 6, S 1). 1I1305pa3"M Ha a5cTpaKTHoM '1"CPPOBOM np"Mepe A"HaM"KY CpeAH"X, 051l1"x (BaIloBblx) " npeAeIlbHblx "3Aep>KeK CP"pMbl-HecoBepweHHoro KOHKypeHTa. Ho BHa4aIle ell1e pa3 Ha- nOMH"M cIleAYfOll1"e 0503Ha4eH"R: TC = Q x AC, (1) T. e. B8JlOBbl8 H3,Qep>KKV1 pasHbl npoV13Be,Q8H!.11O KOIlV1yeCTBa TOB8pa L-1 CpeAH"X "3Aep>KeK; MC = TC o - TC H , (2) T. e. npeAeIlbHble "3Aep>KK" paBHbl pa3HOCT" Me>KAY BaIlOBbIM" "3Aep- >KKaM" n eA"H"'1 TOBapa " BaIlOBbIM" "3,Qep>KKaM" n -1 eA"H"'1 TOBspa; TR=QxP, (3) T. e. BaIlOBO" AOXOA paBeH npO"3BeAeH"fO KOIl"4eCTBa TOBapa Ha ero '1eHY; (4) MR = TRo - TRH' T. e. npeAeIlbHbl" AOXOA paBeH pa3Hocm Me>KAY BaIlOBblM AOXOAOM OT npOAa>K" n eA"H"'1 TOBaps " BaIlOBblM AOXOAOM OT npOAa>K" n -1 eA"H"'1 TOBapa. KOIlOHK" 2, 3, 4 (Ta6Il. 7.3) xapaKTep"3YfOT YCIlOB"" npO"3BOACTBa CP"P- Mbl-MOHOnOIl"CTS, a KOIlOHK" 5, 6, 7 - YCIlOB"R npOAa>K". Ell1e pa3 BepHeMC" K nOH"T"fO cOBepweHHo" KOHKypeH'1"" " paBHo- BeC"fO CP"PMbl B 3T"X YCIlOB""X. KaK "3BeCTHO, paBHOBeC"e HacTynaeT TorAa, KorAa MC = P, a '1eHa B YCIlOB""X cOBepweHHo" KOHKypeH'1"" COBna- AaeT C npeAeIlbHblM AOXOAOM, cIleAoBsTeIlbHo, MO>KHO 3an"CaTb; MC = MR = P. AOCT">KeH"e CP"PMO" nOIlHoro paBHOBeC"" Tpe6yeT BbrnOIl- HeH"" ABYX YCIlOB""; 1. npeAeIlbHbl" AOXOA AOIl>KeH paBH"TbC" npeAeIlbHblM "3Aep>KKaM; 2. l.\eHa AOIl>KHa paBH"TbC" CpeAH"M "3Aep>KKaM. ' A 3TO 3Ha4"T: MC = MR = P = AC (5) nOBeAeH"e Ha pblHKe CP"PMbl-MoHono- IlItICT8 6YA8T T04HO T8K )\{e onp8,Q8JlHTbCH A"HaM"Koi1 npeAeIlbHoro AoxoAa (MR) " npeAeIlbHblx "3Aep>KeK (MC). n04eMY? no- TOMY, 4TO KaJK08R oononHumenbHaR eouHu- L<a npooYKL<UU 006aenRem HeKYKJ eenu4uHY K eanoeoMY ooxooY U oOHoepeMeHHo - 146 1 El..L\e pa3 He06xo,QJ.1MO OTMe- TJ.1Tb, '"ITa a nOHSHlo1e cpe,QHII1X 1113- Aep}f(eK BKf1I04aeTC J.1 HOpMaJlb- HblC1 ypoaeHb npJ.16blJlI-1 (P06Io1HCOH ,Q}f(. 3KOHOMIo14eCKas:i TeOpJ.151 Heco- aepweHHOC1 KOHKypeHlJ,J.1I-1. M., 1986. C. 142-143). M exaHU3M pblHKa HecosepweHHou KOHKypeHLjUU Ta6n"a 7.3 KOl1'"IeCTBO TOBapoB, BHAbl H3,Qep>KeK, 4eHa H BIII,Qbl ,QOXO,QOB 1 2 3 4 5 6 7 Q AC TC MC P TR MR KOI180 Cp8AHIo18 BaJlOBble np8A8IlbHbie lJ,eHa BaIlOBO np8AeflbHbl np01013se- 1013Aep>KKIo1 1013Aep>KKIo1 1t!3,Qep>KKIo1 ,QOXO"q "qOXOA .Q8HHbIX eAIo1HII1U Tosapa 1 24 24 24 41 41 41 2 21,75 43,5 19,5 39 78 37 3 19,75 59,25 15,75 37 111 33 4 16 72 12,75 35 140 29 5 16,5 82,5 10,5 33 165 25 6 15,25 91,5 9 31 166 21 7 14,25 99,75 8,25 29 203 17 8 13,5 108 8,25 27 216 13 9 13 117 9 25 225 9 10 12,75 127,5 10,5 23 230 5 11 12,75 140,25 12,75 21 231 1 12 13 156 16,25 19 228 -3 13 13,5 175,5 19,5 17 221 -7 14 14,25 199,5 24 15 210 -11 15 15,25 228,25 29,25 13 195 -15 16 16,5 264 36,75 11 176 -19 17 18 306 42 9 153 -23 K eanOeblM U30epJKKaM. 3T" HeK"e BeIl"4"Hbl - npeAeIlbHbl" AOXOA " npe- AeIlbHble H3Aep>KKH. "'"pMa AOIl>KHa Bce BpeM" COnOCTaBIlRTb 3T" ABe Be- Il"4"Hbl. nOKa pa3HOCTb Me>KAY MR " MC nOIlO>K"TeIlbHa, CP"PMS pacw"p"- eT CBoe npO"3BOACTBO. MO>KHO npOBeCT" TaKYfO aHaIlOr"fO: KaK pa3HOCTb no- T8HLlL-18JlOB 06eCn84L-1B88T ABL-1>KeHL-18 3Il8KTPL-1Y8CKOro TOK8, T8K L-1 nOIlO>KH- TeIlbHa" pa3HOCTb MR " MC 05eCne4"BaeT paCW"peH"e CP"PMO" 05beMa npO"3BOAcTBa. KarAS >Ke MR = MC, HacTynaeT <<nOKO"», paBHOBeC"e CP"P- Mbl. Ho K8K8H npH 3TOM YCT8HOBVITCH l!8H8 B YCIlOBV1HX HecoBepw8HHo KOH- 147 10- 
Inasa 7 KypeH'1"H? KaKOBbl np" 3TOM 5YAYT CpeAH"e "3Aep>KK" (AG)? 5YAeT Il" CO- 6IlfOAaTbC" cpOpMYIla MG = MR = P = AG? 05paT"MC" K Ta6Il. 7.3. MOHOnOIl"CT, KOHe4HO, CTpeM"TC" YCTaHOB"Tb BbICOK"e '1eHbl Ha eA"H"'1Y npoAYK'1"". OAHaKo, eCIl" OH YCTaHOB"T '1eHY 41 AOIlIl., TO npOAaCT Il"Wb eA"H"'1Y TOBapa, " era BaIlOBO" AOXOA cocTa- B"T Il"Wb 41 AOIlIl., a np"5blIlb (41 - 24) = 17 AOIlIl. npH5blIlb - 3TO pa3- HH4a Me>KAY BSIlOBblM AOXOAOM H BaIlOBblMH H3Aep>KKSMH. npeAnoIlo- >KHM, 4TO MOHonom.1CT nOCTen8HHO CHIt1>KaeT Ll8HY V1 YCT8H8BIlVlBaeT ee H8 ypoBHe B 35 AOIlIl. TorAa OH MO>KeT C5b1Tb, KOHe4Ho, 50Ilee 1 eA"H"'1bl TO- Bapa, Hanp"Mep, 4 eAHH"'1bl, HO 3TO TO>Ke He3Ha4"TeIlbHbl" 05beM npOAa>K. npH 3TOM ero BaIloBo" AOXOA 5YAeT paBeH 140 AOIlIl. (35 x 4), a np"6blIlb (140 - 72) = 68 AOIlIl. CIleAY" KP"BO" cnpoca, MOHOnOIl"CT, CH">Ka" '1 eH Y, MO>KeT YBeIl"4"Tb 05beM npoAS>K. Hanp"Mep, np" '1eHe 33 AOIlIl. OH npo- AaCT Y>Ke 5 eA"H"'1. 111 XOT" np" 3TOM 5YAeT YMeHbwaTbc" np"5blIlb Ha eA"- H"'1Y TOBspa, 051l1a" BeIl"4"Ha np"5bIIl" 5YAeT B03pacTaTb. Ao KaKOro >Ke npeAeIls MOHOnOIl"CT 5YAeT nOH">KaTb '1eHY, cTpeM"cb YBeIl"4"Tb CBOfO np"5bIIlb? 04eB"AHO, AO TOro MOMeHTa, KorAa npeAeIlbHbl" AOXOA (MR) 5YAeT paBeH npeAeIlbHblM H3Aep>KKaM (MG), B AaHHOM cIlY4ae np" npoAa- >Ke 9 eA"H"'1 TOBapa. II1MeHHo B 3TOM cIlY4ae 05beM np"5bIIl" 6YAeT MaKcHMaIlbHbIM, T. e. (225 - 117) = 108 AOIlIl. Ecn" npoAaBe'1 nOH"3"T '1eHY AaIlee, Hanp"- Mep, AO 23 AOIlIl., TO pe3YIlbTaT 6YAeT TaKOB: npOAaB 10 eA"H"'1 TOBapa, MOHOnOIl"CT nOIlY4HIl 6bl npeAeIlbHbl" AOXOA 5 AOIln., a npeAeIlbHble "3- Aep>KK" np" 3TOM COCTaB"Il" 5bl 10,5 AonIl. CIleAoBaTeIlbHo, npOAa>Ka 10 eA"H"'1 TOBapa no '1eHe 23 AOIlIl. np"BeIla 5bl K YMeHbweHHfO np"6bIIl" MO- HOnOIl"CTS (230 - 127,5) = 102,5. BepHeMc" K P"C. 7.3. MaKC"ManbHbl" pa3Mep np"5bIIl" Mbl onpeAeIl"- 8M He «H8 rn830K», npI.1KV1AbIB8H, npYl K8KOM 06b8Me npOAa>K pa3HL-1l!a Me>K- AY BaIlOBblM AOXOAOM " BaIlOBbIM" "3Aep>KKaM" MaKC"MaIlbHa. npeoenb- Hblii ooxoo U npeoenbHble U30ep)J(KU onpeOeIlf1l0m HaKnOH KpueblX eanoeo- eo ooxooa U eanoeblX U30ep)J(eK e IlI060ii ux m04Ke. npoBeAeM KacaTeIlb- Hble K T04KaM A " B. II1x OA"HaKOBbl" HaKIlOH 03Ha4aeT, 4TO MR = MG. II1MeHHo B 3TOM cIlY4ae np"6blIlb MOHOnOIl"" 6YAeT MaKC"MaIlbHS. B YCIlOB""X HecoBepweHHo" KOHKypeH'1"" paBHOBeC"e CP"PMbl (T. e. pa- BeHCTBO npeAeIlbHblx "3Aep>KeK " npeAeIlbHoro AoxoAa, "Il" MG = MR) AO- CT"raeTCR np" TaKOM 05beMe npO"3BOACTBa, KorAa cpeoHue U30ep)J(KU He Oocmue8/om ceoeeo MUHUMYMa. L1eHa np" 3TOM Bblwe CpeAH"X "3Aep>KeK. np" COBepweHHO" KOHKypeH'1"" c05IlfOAaeTC" paBeHCTBO MC = MR = P = AG. np" HeCOBepweHHO" KOHKyp eH '1"" (MG = MR) < AG < P (6) MOHOnOIl"CT, CTpeM"ll1""C" MaKC"M"3"pOBaTb np"5bIIlb, BcerAa Ae,,- cTByeT Ha 3JlaCT\.14HOM YY8CTKe KpL-1BOVl cnpOC8, nOCKOIlbKY TOIlbKO npH KO- 148 M eX8HU3M pblHK8 HecosepweHHou KOHKypeHLJ,UU p o Q, Q 7 5 PasHoaecue MOHononuu B HpamHOCpO'lHOM nepuooe PUG. .. 3CPCP"'1"eHTe 3IlaCT"4HOCT", 60IlbweM eA"H"'1bl (EDP > 1), npeAeIlbHbl" AO- XOA nOJlO>Kln8IleH. Ha 3nacmU4HOM Y48cmKe KPUSOU cnpoca CHWKeHue u,eHbl o6ecne4u8aem MOHononucmy yeenu4eHue S8nosozo aoxoaa. BHOBb oopamMc" K B3a"MOCB"3" P"C. 7.3 " 7.4. np" Eo" = 1, npeAeIlbHbl" AOXOA HYIleBo", a np" Eo" < 1, npeAeIlbHbl" AOXOA np"06peTaeT OTp"'1aTeIlbHoe 3Ha4eH"e (CM. rn. 5, 9 8). II1TaK, MaKC"MYM np"6bIIl" MO>KHO onpeAeIl"Tb, CpaBH"Ba" TR " TG npH pa3Il"4Hb1X 06beMax BblnYCKa npOAYK'1"": TOT >Ke pe3YIlbTaT nOIlY4"T- CR, eCIl" CpaBH"BaTb MR " MG. Apyr"MH CIlOBaM", MaKC"MYM PS3Il"4"" Me>KAY TR " TG (MS'CHMYM np"6bIIl") 5YAeT Ha5IlfOAaTbc" np" paBeHcTBe MR " MG. 05a MeTOAa onpeAeIleH"" MaKC"MYMa np"5bIIl" paBHO'1eHHbl " A8toT OAVlH8KOBblL4 pe3YJlbT8T. Ha P"C. 7.5 B"AHO, 4TO nOIlO>KeH"e paBHOBeC"" CP"PMbl onpeAeIl"eTC" T04KO" E (T04KO" nepeCe4eH"" MG " MR), aT KOTOpO" npOBOA"M BepT"KaIlb AO KP"BO" cnpoca D. TaK"M 05pa30M, Mbl Y3HseM '1eHY, 05eCne4"BafOll1YfO Ha"50IlbwyfO np"6bIIlb. 3Ta '1eHS YCTaHOB"TC" Ha ypOBHe E , . 3areHeHHbl" npfiMoyroIlbHL-1K nOKa3blBaeT BeIlIt1Y\.1HY MOHonOIlbHOVl np!.16bIIlH. B YCIlOB""X COBepweHHO" KOHKypeH'1"" cp"pMa paCW"pReT CBoe npo- H3BOACTBO 6e3 CH">KeH"" npOAS>KHO" '1eHbl. npO"3BOACTBO YBeIl"4"BaeTCR BnIlOTb AO MOMeHTa pSBeHCTBa MG " MR. MOHOnOIl"CT PYKOBoAcTByeTC" TeM >Ke npasHIloM - OH conOCT8BIlHeT AOnOIlHIt1T8IlbHbl8 38TP8Tbi 14 AOnOll- HHTeIlbHbl" AOXOA, np"H"Ma" peWeH"e 0 paCW"peH"", np"OCTaHOBKe "Il" COKpall1eH"" npO"3BOACTBS, T. e. CpaBH"BaeT CBO" MC " MR. 111 OH pacw"- P"eT npO"3BOACTBO BnIlOTb AO MOMeHTa paBeHcTBa MG " MR. Ho 05beM npO"3BOACTBa np" 3TOM 6YAeT MeHbW"M, 4eM OH 5blIl 5bl np" cOBepweH- HO KOHKypeH'1"", T. e. Q, < Q,. np" cOBepweHHo" KOHKypeH'1"" "MeHHO B T04Ke E, npo"CXOA"T COBnaAeHHe npeAeIlbHblx "3Aep>KeK (MG), M"H"MaIlb- 149 
Inasa 7 HOro 3Ha4eH"" CpeAH"X "3Aep>KeK (A C) " ypOBH" npOAa>KHO" '1eHbl (P). ECIl" 6bl '1eHa (P 2 ) YCTaHOB"IlaCb Ha ypoBHe T04K" E" TO He 6blIlO 5bl " MO- HononbHOH npH6blIlIt1. YCTaHOBIleH"e cpHpMOCi '1eHbl Ha ypOBHe T04K" E 2 5blIlO 6bl, 04eB"AHO, aIlbTpY"3MOM. B 3TO" T04Ke MC = AC = P. Ho np" 3TOM MC > MR. Pa'1"O- H8IlbHO AeHCTBYIOW,8H qmpM8 OTHIOAb He C04T8T HOpM8IlbHbiM TaKoe nOIlO- >KeH"e, KarAS paCW"peH"e npO"3BOACTBa BO "M" <<o51l1eCTBeHHbIX "HTepe- COB» 5YAeT conpoBO>KAaTbc" AIl" Hee 50IlbW"M" AOnOIlH"TeIlbHbIM" 3aTpa- T8MH, Y8M AOnOIlHIr1TeIlbHblM AOXOAOM. 061l1eCTBO 3a"HTepeCoBaHo B 60IlbweM 05beMe npO"3BOACTBa " MeHb- W"X "3Aep>KKaX Ha eA"H"'1Y npoAYK'1"". np" YBeIl"4eH"H BbrnycKa C Q, AO Q2 CpeAH"e "3,Qep>KK" YMeHbW"Il"Cb 5bl, HO TOrAa AIlR C6blTa AOnOIlH"TeIlb- HO" npoAYK'1"" np"WIlOCb 5bl IlH50 CHH3"Tb '1eHY, Il"50 YBeIl"4HTb "3Aep- >KK" no CT"MYIlHpOBaH"fO npOAa>K (a 3TO CB"3SHO C pOCTOM "3Aep>KeK C5bl- Ta). 3TOT nYTb He nOAXOA"T HeCOBepweHHOMY KOHKypeHTY: OH He >KeIlSeT «It1CnOpTL-1Tb» caOH pblHOK nOH\.1>KeHL-1eM l!8H. ,QIlH M8KCV1ML-138L1HH npH6blIllr1 cp"pMa c03AaeT onpeAeIleHHbl" oecpUL<um, KOTOpbl" " 05YCIlOBIl"BaeT '1eHY, npeBblWSfOll1YfO npeAeIlbHble "3Aep>KK". 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COBepweHHa" KOHKypeH'1H" npeAnoIlaraeT cB050AHbl" nepeIl"B Bcex cpaKTOPOB npO"3BOACTBa "3 OTpaCIl" B OTpaCIlb. n03TOMY B YCIlOB""X CO- BepweHHO" KOHKypeH'1"", KaK nOA4epK"BaeTC" HeOKIlaCC"4eCKO" WKOIlO", OT4eTIl"BO npORBIlReTC" TeHAeH'1"" K HYIleBO" np"5bIIlH.' ECIl" >Ke nORBIl"- fOTC npen"TCTB"" AIl" cB060AHoro nepeIl"Ba pecypcoB, B03H"KaeT MOHO- nOIlbHa" np"5bIIlb. i 3. l\eHoBafi AIIICKplllMIllHaLllllfi PaCCM8TpHBaH np8,QeIlbHblVl AOXOA MOHOnOIl\.1Ir1, Mbl roBOp\.1- Il\.1 0 TOM, YTO CHH>K8HIII8 l..\8Hbl K8>K,Q0L4 nOCIle,QYIOLl.\8111 8,QIt1HHLlbJ TOB8pa 03- Ha4aeT " CH">KeH"e '1eHbl npeAWeCTBYfOl11"X eA"H"'1 npOAYK'1"" CP"PMbl-MO- HOnOIl"CTS. A MO>KeT Il" HecoBepweHHbl" KOHKypeHT nocTynHTb TaK: nepBYfO 8A"H"'1Y TOBapa npoAaTb no '1eHe 41, BTOPYfO - no '1eHe 39, TpeTbfO - no '1eHe 37 AOIlIl. " T. A.? TorAa 5bl MOHonOIl"CT npoAaIl 5bl Ka>KAOMY nOKyna- TenlO TOBap no M8KCHM8IlbH0L4 l!eHe, KOTOPYIO OH roTOB 3anIl8THTb. TaK Mbl nOAOWIl" K npaKT"Ke '1eHo05pa30BaH", KOTopa" Ha3b1BaeTC" LleHOBoii AHCKpHMHHS'1Heii: npOASJKS oAHoro H TOro JKe TOBspa pS3HbiM nOTpe6HTeIl"M HIlH rpynnsM nOTpe5HTeIleii no pa3HbiM LleHaM, npH4eM pS3IlHH" B '1eHSX He 05YCIlOBIleHbi PS3IlH4H"MH B H3AepJKKSX npOH3- BOACTBa. CIlOBD «AHCKpHMl1Hal!IIIH» 3A8Cb 03H8Y8eT He yeMIleH1t18 YbIt1X- IlVl60 np8B, a «P83A8Il8HL-18». CMblCIl npOB8A8HL-1H nOIlHTL-1KIII u,eHoBol71 A\IICKpIr1ML-1HaLlHV1 COCTOHT B cmpeMneHUU MOHononucma npucsoumb ce6e U3fluweK nompe6umenfl \.1 T8M C8MbiM M8KCHM!.13V1pOaaTb CBOIO npVl6blIlb. B 38BHCIr1MOCTL-1 aT TOro, B K8- KO" CTeneH" 3TO eMY YAaeTC, '1eHOBa" A"CKp"M"Ha'1"R nOApa3AeIlReTC" Ha TP" B"Aa: A"CKp"M"Ha'1"" nepBO", BTOpO" H TpeTbe" CTeneH". PaCCMOT- P"M nOAP05HO Ka>KAbl" "3 3T"X B"AOB. np" LIe HOBO" AHCKpHMHHa'1HH nepBoii cTeneHH, HIlH COBepweHHO" LleHOBOii AHCKpHMHHSLlHH MOHonOIl"CT npOAaeT Ka>KAYfO eA"H"'1Y TOBapa Ka>KAOMY nOKynaTeIlfO no ero pe3epBHpOBaHHoii '1eHe, T. e. TO" MaKC"- ManbHOVl l!8He, KOTOPYIO nOTp86111Tenb corn8C8H 3annaTL-1Tb 38 ,Q8HHYIO eAIt1- H"'1Y TOBapa. 3TO 03Ha4seT, 4TO BeCb "3Il"- weK nOTpe5"TeIl" np"CBS"BaeTC MOHono- Il"CTOM, a Kp"Ba" npeAeIlbHoro AoxOAa CO- BnaAaeT C KP"BO" cnpoca Ha ero npOAYK- IO (CM. P"c. 7.6). 1 HanOMHIr1M ew,e pa3, '-ITO HY- JleBaS1 nplo16blJlb - He OTCYTCTBlt1e nplt16blJllt1 800611\e, a IlIr1Wb HOp- M8JlbHbliii ee ypOBeHb. 151 
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MO>KHO cpaBHmb BIlaCTb HaA '1eHO" co CTpeMIleH"eM 4eIlOBeKa YCTS- HOB"Tb CBOfO BIlaCTb HSA np"pOAO". Hanp"Mep, eCIl" Mbl He YAOBIleTBope- Hbl 5eAHO" n04BO", 3scywn"BblM KIl"MaTOM, TO, npOBeAH MeIl"OpaT"BHble MepOnp""TH", conpOBO>KAaeMble BHeCeH"eM "CKYCCTBeHHbIX YA06peH"", Mbl 05paT"M ce5e BO 5Ilsro Hawy BIlaCTb HaA np"pOAO". Ho eCIl" nepe"T" "3BeCTHYfO rpaHb MeIl"Opa'1"", TO, CKopee Bcero, Hawa BIlaCTb HaA np"po- AO" 05epHeTC" pa3pyweH"eM OKpY>KSfOll1e" cpeAbl. T8K 14 MOHOnOIlL-13au,L-1H: eCIlL-1 npecTynL-1Tb HeKYIO CTeneHb KOHTpOIlH H8A '1eHO", 3TO 050pa4"BaeTC" pa3pyweH"eM " YH"4TO>KeH"eM 50raTCTBS 05- Ll.\eCTB8, BeAeT K CT8rH8lJ,L-1L-1, 38CTOIO !.1 1. n. Tal71Hble COrn8W8HL-1H 0 lJ,8H8X, C03,QaH"e "CKYCCTBeHHbIX Aecp"'1"TOB - Bce 3TO onaCHble npO"BIleH"" MO- HonOIlH38lJ,HI.1. nOMHH, YTO BCHKL-1e aH8IlOrlr1\.1 YCIlOBHbl, MO>KHO CpaBHL-1Tb "3BeCTHoe "3pe4eH"e IlOPAa 3KTOHa: «BC"Ka" BIlaCTb pa3Bpall1aeT. 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I nasa 7 nOIlbHoro np0!.13BO,qCTB8 H8 HeCKOIlbKO CPHPM L-1IlL-1 A8p8ryIlL-1pOS8HIiI8 H8B03- MO>KHbl L-1IlL-1 He>KeIl8TenbHbl, 8IlbTepHan1BHbiM cnoC060M YCL-1JleHHH KOHKY- peHTHblX 3IleM8HTOB HBIlHeTCH KOHKypeHu,L-1H He BHYTPIil OTp8CIl!.1, 8 KOHKY- peH'1HR 3S npSBO AocTyns B OTpaCIlb, 3a npaBO 5blTb eAHHCTBeHHblM nOCTSBll1HKOM ASHHoro TOBSpS (nOIlY4eHHe cj>paH4si13a). nOA05Hbl" cno- co6 BCTpeY88TCH B T8KIiIX OTpaCIlHX eCT8CTB8HHOVl MOHonOIlIiIIiI, K8K A06blY8 HecpT" , rpY30Bbl8 nepeB03K", T8IleB"AeH"8 " paA"OB81l1aHM. B HeKOTopblX OTpaCIl"X KOHKypeHTHbl" M8XaH"3M MO>KeT 5blTb BCTpoeH Ha OTA8IlbHbiX Y4aCTKSX B paMK" eCTeCTBeHHO" MOHOnOIl"". Hanp"Mep, nporpecc B 05IlaCT" BHeApeH"" HOBblX TeXHOIlOr"" CAeIlaIl B03MO>KHbIM KOHKypeH'1"1O He50IlbW"X 3Il8KTpOCTaH'1"" C '1eHTpaIl"30BaHHbIM" r"raH- TaM" B ccpepe AOCTaBK" 3IleKTp03Hepr"" nOTpe5"TeIl"M Ha 4Y>KYfO Tep- P"TOP"fO. np8Kpall1eH"e >Ke Ae"TeIlbHOCT" eCTeCTBeHHO" MOHOnOIl"" MO>KeT npo- "30"T" (nYCTb 3TO " 3BY4"T TaBTOIlOr"4HO) eCT8CTBeHHbiM nYTeM B pe3YIlb- TaTe H3MeHeHIiIH T8XHOIlor\.1H np0V13Bo,qCTS8.  6. OI1lIlrOnOnHfI P8CCMOTP8B 4HCTYlO MOHonOIlHIO KaK KP8V1HIIIIII cnYY81i1 CTPYKTYPbl pblHKa HeCOBepweHHO" KOHKypeH'1"", n8pe"A8M K APyr"M ee BIiIA8M C 60Jl8e cIla6blM npOHBIleHltleM MOHonOIlHCTL-1yeCKOIII Bfl8CTH Ha,Q l!eHol71. O,QHIiIM !.13 HL-1X HBflfleTCH OIl iii ronofl VlH. Ol1HrnOl1HH - 3TO T!.1n pblHK8 H8COB8pW8HHOVl KOHKypeHu,L-1!.1, X8paKT8- p!.13YIOLl.\V1HCH npIllCYTCTBL-18M H8 pblHK8 TOB8p8 H8CKOflbKIt1X np0!.13BOAHT8Il81i1. T8KL-1M 06pa30M, B Ofl!.1ronoIlIIICn1YeCKOIII OTpaCIlVl npOH3BOA!.1TeIleVl 60IlbW8, 48M B YCIlB!.1HX MOHOnOflL-1H, HO 3H8l.JIIIT8IlbHO MeHbwe, yeM B YCIlOBL-1HX co- B8pW8HHOH KOHKypeHu,HH. Vl3 3TOro cIl8AyeT, l.JTO OIl III ronoIl IiICT, B OTIlV141118 OT _COBepweHHoro KOHKyp8HTa, 05IlaAaeT onpeAeIleHHo" BIlaCTbfO HaA '1e- HO!.1, HO ero BIl8CTb, no Cp8BH8HL-11O C MOHonOflHcToM, OrpaHIr1Y8H8 KOIlHY8- CTBOM npO"3BOAHTeIle", nOAeIl"BW"X pblHOK Me>KAY c050". KaKV1M MO>KeT 6blTb YL-1CJlO Y48CTHVlKOB oIlV1ronom1CTHY8CKOro pb1HK8? ECIl" pblHOK pa3AeIleH Me>KAY ABYM" npO"3BOA"TeIl"M", TO TaKO" T"n PbIH- K8 H8:bIB8eTCH ,qyonOl1HeH. AyonoIlIIIH - Y8CTHbllll cnyyalll OJllllronoIlHL-1, KO- TOpblH 48148 BCTp8Y8eTCH B T80peTHyeCKItIX MO,q8IlHX, yeM B pe8flbHOIII >K1tI3- HV1. C06cTBeHHO }l{8 oIllllronOIlHH >Ke HaCYJ.1TbIB88T OT Tp8X YY8CTHIIIKOB !.1 60Ilee. B 3KOHOM"K8 CTpaH C pa3B"Tb1M pblHKOM npe05IlaAa8T "MeHHO OIl"- ronOIl"CT"48_CK"" T"n npO"3BOACTBa, 4TO oc05eHHO xapaKTepHO AIl" 06pa- 68TbIB81OLl.\8\.1 npoMblwIleHHOCTL-1. npL-1Y8M B YCI10BIIIHX oIlHronOIlV11t1 np0!.13BO- A"TC" KaK OAHOpoAHble, TaK " A"cpcpepeH'1"pOBaHHble TOBapbl. Hanp"M8p, 164 MeX8HU3M pblHKa HecosepweHHoCi KOHKypeHIJ,UU B CWA, no AaHHblM M"HHCTepCTBa ToprOBnH CTpaHbl, Me>KAY 48TbIPbM" KpynHblMH np0L-13BO,QI..1T8nHMV1 p83,QeIl8H B8Cb pblHOK nepBIt14Horo CB!.1HLI,8; npM8PHO 90% np0L-13BOACTB8 nL-1B8, cHr8peT, XOIlOAL-1IlbHHKOB L-1 cTHpaIlb- HblX M8WHH; 64% np0J.13Bo,qCTB8 nepBL-1YHoro aIlIOMIIIHHH 14 npoAYKl!L-1H C8- MOIleToCTpOeH"R. B BeIl"K06p"TaH"" " iepMaH"" 94% pblHKa C"rSpeT HSXO- A"TCR B PYKax Tpex npO"3BOA"TeIle". Bo <!>paH'1"" Bce 100% C"rapeT " XOIlO- A"IlbH"KOB npO"3BOA"TC" TpeM" KpynHblM" CP"PMSM".' B 06YBHO" npoMblw- IleHHocm KOH'1eHTpa'1"" 3Ha4"T8IlbHO HH>Ke: TP" KPynH8"W"X npO"3BOA"- TeIlR B BeIl"K06p"TaH"" KOHTPOIl"PYfOT 17% pblHKa, B iepMaH"" 20%, a BO ",paH'1"" - Bcero 13% pblHKS 05YB". TaK"M 05pa30M, B YCIlOB""X OIl"ronOIl"" Il"50 BeCb pblHOK nOAeIl8H Me>KAY HeCKOIlbK"M" npO"3BOA"TeIlRM", Il"50 4SCTb pblHKa AeIl"T KpynHble CP"PMbl, a OCTaIlbHoe pblH04Hoe npOCTpaHCTBO 3aH"Ma- aT MHO>KeCTBO MeIlKHX npOH3BOA!.1T8Il8V1 (MOHOnOIl!.1CTIr1YeCKV1X KOHKypeHTOB). KaK Mbl B"AHM, KOH'1eHTpa'1"" npO"3BOACTBa B pa3Il"4Hb1X OTpaCIl"X He O,QIt1H8KOB8. 48M MeHbW8 np0L-13BOAL-1T8IleVl A8IlHT pblHOK M8>K,Qy c0601ll, T8M BblW8 CTeneHb MOHOnOJllt1Cn14eCKOVl BIl8CT!.1 B OTp8CIlH. .o.IlH npOrH03!.1pOB8HHH MOHonOIlVlCTVl48CKOro nOBeA8HHH CPL-1PM B OTpac- Il" paCC4HTbIBaeTC" HHAeKC repcj>HHAaIlR (Herfindsil index). AaHHbl" "H- A8KC nOK83blB8eT CTeneHb KOHLI,8HTp8l!It1H pblHK8 !.1 Bbl4HCIlH8TCH nOCp8,D,CTBOM CYMM"pOBaH"" KBaApaTOB pblH04HbiX AOIle" Ka>KAO" CP"PMbl B OTPSCIl": H=S2+S2+ +5 2 1 2 ... n (8) rA8 H - "HAeKC iepCP"HAaIl"; S, ' S, ' S, - AOIl" CP"PM Ha pblHKe, KOTOpble CYMM"PYfOTC" B nop"AKe y5bIBaH"" (Ha nepBOM MeCT8 - caMa" KpynHa" AOIl") " onpeAeIl"fOTC" B npO'1eHTaX KSK OTHOWeH"e 05b8Ma no- CTaBOK CP"PMbl K 05beMY Bcero pblHKa. Hanp"Mep, eCIl" npeAIlO>KeHHe Ka- Koro-Jl1t160 TOB8p8 06eCn8YHB81OT Y8Tblpe cplllpMbl C pbJH04HblMIt1 ,qOIlflM!.1, CKa>KeM 60%, 20%, 10% " 10%, TO H = 3600 + 400 + 2 x 100 = 4200. B cIlY4ae 4"CTO" MOHOnOIl"", KorAa oTpacIlb COCTO"T "3 OAHO" CP"PMbl (n = 1), "HAeKC iepCP"HAaIl" 5YAeT paBeH 10000, T. e. S, = 100%, a H = 100' = 10000. ECIl" B OTpaCIl" ABe CP"PMbl-AyonOIl"H, " pblH04Hbie AOIl" "X paBHbl (50% y Ka>KAO"), TO H = 50' + 50' = 5000. B cIlY4a8, np"- 5Il">KafOll1eMC" , cOBepweHHo" KOHKypeH'1"", KorAa B OTpaCIl", Hanp"Mep, 100 "'" P M, " AOIl" Ka>K A O" P aBHa 1%, "HAeKC H = I' + l' +...+ l' = 100 '+' j 2 100 . II1HAeKc iepCP"HAaIl" p8ar"pyeT KaK Ha pblH04HYfO AOIlfO Ka>KAO" CP"PMbl, T8K iii H8 KOIl!.148CTBO cf:n-1pM B oTpacIlIo1. TaK, 8CIlitl He L-1CnOIlb30BaTb L-1H,D,8KC H iii oplo1eHTVlpOB8TbCH TOIlbKO Ha KOIlL-1Y8CTBO cf:mpM B OTpaCIlL-1, TO MO>KHO nOAYMaTb, 4TO OTpaCIlb, rAe CPYHK'1"OH"PY- lOT 5 CP"PM, 60Ilee KOH'1eHTp"pOBSHa, 4eM Ta, B KOTOpO" Ae"cTBYfOT 6 CP"PM. OAHaKo 3AeCb He Y4"TbIBaeTC" nOKa3aT8Ilb S. Ha- np"Mep, B OTpaCIl" 6 CP"PM, Y OAHO" "3 1 8egg D., Fisher S., Dornbush R. Economics. London. 1991. p 160. 165 
Inaea 7 H"X S = 50%, a Y APyr"X n"T" - AOIl" no 10%. TorAa "HAeKC H = 50 2 + (10 2 X 5) = 3000. KorAa >Ke B OTpaCIl" 5 CP"PM, " Y Ka>KAO" paBHble pb1H04- Hble AOIl" , T. e. S = 20%, TO "HAeKC H = 20' x 5 = 2000. TaK"M 05pa30M, OTpaCIlb C weCTbfO cp"pMaM" 05IlaAaeT 50Ilbwe" CTeneHbfO KOH'1eHTp a '1"", 4eM OTpaCIlb, COCTO"ll1aR "3 n"T" CP"PM, HO He "MefOl11a" AOM"H"PY fO ll1e" CP"PMbl. KOH'1eHTpa'1"" pblHKa C "HAeKCOM fepCP"HAaIl", He npeBblWafOll1"M 1000, C4"TaeTC" H"3KO". IIIHAeKc, paBHbl" 1800 " Bblwe, - np"3HSK BbICO- KO" KOH'1eHTpa'1"". ECIl" 6bl Mbl nOAC4"TaIl" "HAeKC 'OH'1eHTpa'1"" AIl" 50 Ha"60Ilee KpynHblx CP"PM OTpaCIl", TO Mbl 6bl BocnOIlb30BaIl"Cb HHAeKCOM fep- Ij>HHASIlR,XHPWMSHS (H-H index). no AaHHblM M"H"CTepCTBa TOproBIl" CWA, 3TOT "HAeKC AIl" pblHKa MY>KCKO" 06YB" COCTSBIl"eT Bcero 380, a >KeHCKO" - 492. 04eHb BblCOKa KOH'1eHTpa'1"" pblHKOB aIlfOM"H"", MeA" " "CKYCCTBeHHoro BOIlOKHa, onpeAeIl"eMa" "HAeKCaM" 2564, 2673 " 2970 COOTBeTCTBeHHO. Ba>KHO nOA4epKHYTb, 4TO B cIlY4ae OIl"ronOIl"" KOHKypeH'1"" HOC"T npe- "MYll1eCTBeHHo He'1eHOBo" xspaKTep. BKpaT'1e MO>KHO CKa3aTb, 4TO HeLle- HOBaR KOHKypeHHfI OCHOBaH8 H8 npJ.1BfleyeHL-1H nOTpe6v1TeIlH He C nOMO- l11bfO CH">KeH"" '1eHbl, a 3a C4eT APyr"x cpaKTopOB: YIlY4weH"" Ka4eCTBa TOBapOB, p8KIl8Mbl, nocIlenpOA8>KHOro TeXHV14ecKoro 06CIlY}l{B8HL-1H VI T. n. OT yero >K8 38BIt1CHT KOIl!.1yeCTBO OIl/llronOIl!.1CTOB Ha pblHKe? nOl.JeMY pbl- HOK aBTOM06!.1IleVl BceVl CTp8Hbi 38nOIlHHeTCH npO,QYKl!HeVl He 60Ilee, yeM 4eTblpex-nflTVI KpynHblx npQl.If3BOAL-1TeIleVl, B TO Bp8MH KaK onTM8IlbHoe KO- IlH4eCTBO 6eH303anp8B04HblX CT8HlJ,L-1V1 AIlfl He60Ilbworo ropO,QK8 MO}i{8T 6blTb H8 MeHbwe nflTHaAl!8TH? npe>K,Q8 Bcero, OT TeXHOIlOr!.1!.1, KOTopaH onpeAeIlHeT ML-1HHM8IlbHbIVl Mac- wTa6 np0Ir13BOACTB8, HaYJ.1HalOLl.\ero ,Q8BaTb npV16bIIlb. ECIlV1 T8XHOIlOrL-1H npQl.13BO,QCTBa B OTp8cm.1 T8KOBa, YTO nOIlO>KiIITeJlbHbIVl 3CPCP8KT MaCWTa6a (T. e. nOCTeneHHoe CH">KeH"e Aonrocp04HbiX CpeAH"X "3Aep>KeK no Mepe Hapall1"BaH"" BblnYCKa - CM. nOAP05Hee rn. 10) coxpaH"eTc" np" rops3Ao 60IlbW8M o6beM8 BblnycKa, l.JeM B YCJlOBiIIHX KOHKypeHTHoro npO/ll3BOACTsa, HO Bce >Ke MeHbweM, Y8M B YCIlOBHX MOHOnOIl!.1!.1, TO 3T8 OTpaCIlb OIlJ.1rono- Il"CT"4eCKa". Cnpoc Ha npOAYK'1"fO AaHHO" OTpaCIl" CMorYT YAOBIleTBOp"Tb HeCKOIlbKO KpynHblx npO/ll3BOATeIleVl nWb COBMeCTHO. npH TaKOVl TeXHO- IlOr"" npOAYK'1"" 60IlbWOro 4"CIlS MeIlK"X CP"PM 6blIla 5bl CIlHWKOM AOPO- roVl /II y6bITOYHOIII. P83Mep M8IlKOVl cp/llpMbl H8 n03BOIlT VlcnOIlb30BaTb 3cp- cpeKT MacwTa5a " nOH"3"Tb CpeAH"e "3Aep>KK" AO ypOBH", npHHOC"ll1ero np"5bIIlb. B TO >Ke BpeM", MO>KeT OKa3aTbC" He3cpcpeKT"BHbIM " CIl"WKOM MaIloe KOIl"4eCTBO KpynHblx CP"PM B OTpaCIl". AIlR YAOBIleTBopeHH" 061l1e- ro cnpoca OH" AOIl>KHbl 6YAYT paCW"p"Tb 06beM npO"3BOACTBa 3a npeAe- Ilbl OnT"MaIlbHOro. B pe3YIlbTaTe KpynHble CP"PMbl CTOIlKHYTC" C OTp"'1a- TeIlbHblM 3cpcpeKTOM MaCWTs5a (KorAa paCW"peH"e BblnYCKa nOBbIC"T cpeA- 166 M exaHU3M pblHKa HecosepweHHol1 KOHKypeHu,uu He "3Aep>KK"), 4TO TafOKe np"BeAeT K y5b1TKaM. Mbl B"A"M, 4TO "MeHHO TeXHOIlOr"R npO"3BOACTBa onpeAeIl"eT pa3Mep CP"PMbl, a, 3HS4"T, " KOIl"- 4eCTBO OIl"ronOIl"CTOB B OTpaCIl". TaK"M 05pa30M, TeXHOIlOr"R npO"3BOA- CTBa, CB"3aHHa" C 3cpcpeKTOM MacwTa5a, CIlY>K"T np"4"HO" B03H"KHOBeH"" OIl"rOnOIl"" " OAHOBpeMeHHO "BIl"eTC" ecmecmeeHHblM 6apbepOM onR ecmynneHuR e ompacnb. _ K APyr"M 6apbepSM, OrpaH"4"BafOll1"M AOCTyn Ha OIl"ronOIl"CT"4eCK"" pbIHOK, cIleAyeT OTHeCT" naTeHTOBaH"e " Il"'1eH3"pOBaH"e, KOHTpOIlb HaA pecypcaMH, a TafOKe KpynHble cp"HaHCOBble paCXOAbl Ha peKIlaMY. CYll1e- CTBYfOT " noeeoeH4ecKue 6apbepbl. OIl"ronOIl"CTbl, pa3PeIl"BW"e pblHOK " nOIlY4afOll1"e YCTO"4"BYfO np"5bIIlb, MorYT arpeCC"BHO OTpear"pOBaTb Ha nORBIleH"e HOBblX CP"PM: BCTyn"Tb B CroBOp, 05pYW"Tb '1eHbl " T. A. II1x MO- THBa'1"R nOHRTHa: BeAb HOBbie CP"PMbl HspywafOT CIlO>K"BW""C" B OTpaCIl" 05beM npO"3BOACTBa, np"HOC"ll1"" np"5bIIlb. Ba)\{H0Il1l.J8pTOIII OIlHronOIlIr1H, OTIl\.14alOLl.\8V1 ee OT APyrJ.1X Tlt1nOB HecoBep- weHHo" KOHKypeH'1"", "BIl"eTC" 63aUM03aeUCUMocmb CPUpM 6 ompacnu. Om-1ronOIl/llCTbl - He TOIlbKO KOHKypeHTbl, HO /II OAHOBp8MeHHO Her.naCHb18 napTHepbl. np" He50IlbWOM KOIl"4eCTBe npO"3BOAHTeIle" B OTpaCIl" CP"P- Me-OIl"rOnOIl"CTY He05xOA"MO nIlaH"pOBaTb CBOfO CTparer"fO C Y4eTOM no- BeAeH"" OCTaIlbHblX Y4aCTH"KOB pblHKa. BeAb pa3Mep ee np"5bIIl" 3aB"C"T OT 06beMOB BblnYCKa L-1 l!eH, YCTaHOBneHHblX APyrlllMVI OflL-1ronOIlL-1CT8MIt1. Ha- npHMep, eCIl" cp"pMa-OIl"ronOIl"CT npO"3BeAeT CIl"WKOM MaIlO npOAYK'1"", TO '1eHbl Ha Hee 6YAYT Bblwe, 4eM y APyr"X Y4aCTH"KOB oIlHronOIl"CT"4ecKOro pblHKa. ECIl", Ha050pOT, cp"pMa YBeIlH4"T BbrnycK HacToIlbKO, 4TO ee '1eHbl 5YAYT H">Ke ypOBH" '1eH B OTpaCIl", TO 3TO MO>KeT Bbl3BaTb arpeCC"BHYfO pe- aK'1"fO APyr"X OIlHrOnOIl"CTOB. 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TaK8H MOAeIlb nOBeA8HL-1H OIlHronOIlVICTOB B CTp8H8X C p83BHT0L4 Pbl- H04HO" 3KOHOM"KO" oc060 pacnpOCTpaHeHa B 05pa5aTblBafOll1e" npo- 172 MexaHU3M pblHKa HecosepweHHoO KOHKypeHLjUU MblwIleHHOCT". CaMa" KpynHa" " TeXH"4eCK" nepeAOBa" cp"pMa OTpaCIl" YCTaHaBIl"BaeT '1eHY, a APyr"e, MeHee BeCOMble CP"PMbl, np"Aep>K"BafOTCR 3T0Li1l...!8Hbl. CIle,qYH L-1 38 nOHIt1>K8H\t18M, It1 38 nOBbIWeHL-18M lJ,8Hbl Il\.1A8p8, B8- AOMble CP"PMbl "BIl"fOTC" «'1eHOnOIlY4aTeIl"M"». "'"PMS-Il"Aep MeH"eT '1eHbl peAKO " OCTOpO>KHO, Y4"TbIBa" B03MO>KHOCT" 60Ilee MeIlK"X CP"PM, "AYll1"X B ero cpapBaTepe. BeOb ycnex onueononucmoe 3aKnlO4aemCR B M8KCUMU38'1UU coeMBcmHoii npu6blIlU. HSnp"Mep, B CWA Il"Aep C"rapeT- HOVI npOMblwn8HHOCTL-1 «P8I1tHOIlbAC» B T8Y8HL-18 AB8Al..\8TL-1 neT TOIlbKO weCTb pa3 "3MeH"Ila '1eHbl Ha npOAYK'1"fO OTPSCIl". 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BeAb pa3- Mep CpeAH"X "3Aep>KeK 3aB"C"T OT 05beMa BbrnYCKa, a np"6blIlb - OT Be4- HO KOIle5IlfOll1eroC" 05beMa npOAa>K. n03TOMY CP"PMbl nIlaH"pYfOT CpeAH"" 05beM BblnYCKa, Hanp"Mep, 75-80% aT nOIlHO" 3arpY3K" npO"3BOACTBeHHbIX MOI.1..\HOCT8Ci. «nIlIOC», VlIlItI H8,q68SK8, nIl8HHpyeTcH K8K MVlHL-1MaIlbH8H 3KOHO- M"4eCKa" np"6bIIlb, "CXOA" "3 cpeAHe" HOpMbl np"6bIIl" OTpaCIl" nOCIleAH"X neT. <t>OPMYIl8 «L-13,Qep>KKH nIlIOC» COCT8BIlH8T OCHOSY CT8HA8pTHOro u,eHo06- p830B8HL-1H, BOKpyr KOTOpoCi, B 38BV1CL-1MOCTL-1 OT TeKYl.1..\eVl KOHbIOHKTypbl, lJ,8H8 MO>KeT KOIle68TbCfI. IIIcnOIlb3Yfl T8KYlO MOAeIlb, OIlL-1rOnOIlL-1CTbl C nOYT\t1 0,0.111- HaKOBblMIII cpe,qHIIIML-1 L-13Aep>KK8MV1, CMorYT 8BTOM8H1LJeCKH BblpaBH!.1B8Tb '1eHbl " MaKC"M"3"pOBaTb COBMeCTHYfO (051l1YfO) np"6bIIlb. Y oIlVlronOIl!.1Cn148CKOIit CTPYKTypbl pblHK8 eCTb CBOL-1 nIlIOCbl VI ML-1HYCbl. HaXOAHCb B YCIlOBL-1HX B38I11M038BIIICL-1MOCTL-1, OIlL-1ronoIlHcTbl YCT8H8BIlIIIB81OT u,eHbl OLJ8Hb B3BeweHHO, nepeCM8TpL-1B81OT VlX BeCbM8 peAKO \t1 OCTOpO>KHO. OIlL-1rOnOIl\.1H1yeCK8H Bfl8CTb H8A l...!8HOVl He T8K 3HaYL-1T8IlbH8, K8K Y MOHono- Ill1CT8, cIleAoB8TeIlbHo, oIlVlronOIl!.1L-1 npL-1HOCflT 06Ll.\8CTBY M8HbW8 HeBOC- nOIlHIo1MblX nOT8pb OT C03H8T8IlbHOro H8AonpoVl3BoACTB8 (BcnOMH!.1M «MepT- BblL4 y6bITOK») no cp8BHeHL-11O C MOHOnOflL-1eVl. OAHaKO TeXHOIlOrlt1LJ8CKllle It1 APyr"e 5spbepbl BCTynneH"" B OIl"ronOIl"CT"4ecKYfO OTpacIlb Bce >Ke Bbl- COKIII. C03A8B8H YCIlOB!.1f1 AIlfl TeXHOIlOrL-1Y8CKH CTaTVlYHoro p83BL-1TV1f1, OHL-1 CIl"WKOM OCIls5Il"fOT CT"MYIlbl AIl" pS3pa60TK" " BHeApeH"" nporpeCC"B- HblX T8xHoIlorVlH, K YAew8BIl8HL-11O npoAYKl...!V1It1, C8pb83HO Orp8HVlYVlB81OT KOH- KypeH'1"fO co CTOpOHbl HOBblX CP"PM. 173 
rnasa 7  7. MOHOnOI1I1CTI1'feCKafl KOHKypeHLlI1f1 C Al1tf)(pepeHLll1aLll1elil npOAYKTa MOHOnOIl"CT"4eCKaR KOHKypeH'1"" C A"cpcpepeH'1"a'1"e" npOAYKTa - 3TO T"n pblHKa HeCOBepweHHO" KOHKypeH'1"". B OTIl"4"e OT oIlV1ronoIlvu...., 3TOT BHA pblHK8 X8p8KTepH3yeTcH MHO>KeCTB8HHOCTblO KOH- KypeHTOB. B 4eM >Ke CYll1HOCTb MOHOnOIl"CT"4eCKO" KOHKypeH'1""? 04eB"AHO, 4TO HaIH1YH8 60nbworo 4V1CIl8 KOHKyp8HTOB B OTpaCIlH He A8eT B03MO>KHOCH1 !.1CnOIlb30BaHL-1H 3c:pcpeKT8 M8CWTa6a, H8 KOTOpOM OCHOB8H8 oIlV1ronOJll.1s:1, a T81OK8 B38lttM038BIr1CL-1MOro nOBe,QeHHH CPHPM B OTp8CIlH. 3TO CH\.1>KaeT 68pb- epbl BCTynIleHIIIH B OTp8CJlb H YCHIlL-1BaeT KOHKypeHl...!!.1IO, cYLl.\eCTBeHHO OC- Il86IlflH MOHonOIlVlCTHl.JecKYIO BIl8CTb HaA u,eHol71. Ho nycTb III cn868H, 3Ta BIlaCTb cYll1eCTByeT. H8 Y8M >Ke OH8 oCHoBaH8? 4TO n03BOIlH8T H83blBaTb 3TOT BillA KOHKY- peHV1V1 MOHOnOJlL-1CTL-14eCK0C1? B A8HHOVI MOAeIlIt1 MOHOnOmI'l3M, BeCbMa Orp8HHY8HHblVl 60IlbWHM KOIlL-1- 4eCTBOM KOHKypeHToB, OCHOBaH Ha oucpcpepeHL<UaL<Uu npOOYKma. HanOM- H"M, 4TO A"cpcpepeH'1"pOBaHHble npOAYKTbl - 3TO HeOAHopOAHble npOAYK- Tbl, T. 8. OAL-1HaKOBbI8 no CYTL-1, HO H8CKOIlbKO OTIlL-1yalOLl.\VleCH no BH8WH8MY B"AY (BKYCY, '1BeTY, cpopMe, ynaKOBKe), no KOHC"CTeH'1"", Ka4eCTBY " T. A. 51pK"M np"MepOM A"cpcpepeH'1"a'1"" npoAYKTa B MOHOnOIl"CT"4eCKO" KOH- Kyp8H4L-1H HBIlHIOTCH 6e3aIlKoroIlbHbl8 HanVlTKL-1: «.nlttMOHa,Q», «.o.IOW8C» «5a"Kam, " T. A. np"H'1"n "X npO"3BOACTBa OA"H " TOT >Ke. Ho CYll1eCTBY: lOT HeKOTopble HlOaHCbl B T8XHOIlOrlttll'l, C03,Q81OLl.\!.1e OTIlIl'l4!.1TeIlbHble oc06eH- Hocm npOAYKTa. K TOMY >Ke OA"H " TOT >Ke TOBap MO>KeT A"cpcpepeH'1"po- BaTbC" no Ka4eCTBY nOCIlenpOAa>KHOrO 05CIlY>K"BaH"" "Il" 05CTaHOBKe B KOTOpO" OH npOAaeTC". HeKOTOpblM nOTpe6"TeIl"M, Hanp"Mep, B YfOTHM K8cp8-68pe, OcpOpMIl8HHOM no,Q KaIOT-KOMn8HL-1IO, T8 >Ke C8Mbie HanHTKV1 Ka- >Kyrc" BKYCHee, 4eM npOCTO KynIleHHble B MarS3"He. 111 nOTpe5"TeIlb corna- CHTCH 3anIl8TIt1Tb ,l],opO>Ke 38 COyeTaHL-1e npL-1HTHoro C nOIl83HbIM. TaKL-1M 06- pa30M, nocpeAcTBoM A"cpcpepeH'1"s'1"" npoAYKTS MOHOnOIl"CT"4eCK"" KOH- KypeHT YMeHbwaeT 3IlaCT"4HOCTb cnpoca no '1eHe. nOBblwa" '1eHY, MOHO- nOIlHCTIII4eCK\.1H KOHKypeHT He I1!.1Wa8TCs:I BC8X nOTpe6L-1TeJleVl, KaK :310 6blIlO 5bl np" COBepweHHO" KOHKypeH'1"". PblHOK HeCKonbKO CY3"TC", HO OCTaHYT- CH Te, KTO YCT0L44HBO npe,QnOYV1T8eT npOAYK4HIO TOIlbKO gaHHoro npOlll3- BO,QHTeIlH. 6IlaroA8pH HaIlH4lttIO HeKOTOpoVl BIlaCTL-1 H8A 4eHoill (IlH60 HeBblCOKOVl 3IlaCT"4HOCT" cnpoca no '1eHe) Kp"Ba" cnpoca ("Il" Il"H"" '1eHbl) MOHono- IlV1CTHyeCKoro KOHKypeHT8 V1Me8T OTp!.1U,8T8IlbHbIH H8KIlOH, KaK III y MOHono- IlV1I11. COOTB8TCTB8HHO OTpVlu,8TeIlbHbIL4 HaKIlOH I!1MeeT V1 IlL-1HVlH npe,QeIlbHoro 174 MexaHU3M pblHKa HecoeepweHHoO KOHKypeHLjUU p MC AC Puc.7.13. Q, I 1/2Q KpamKOCpO"lHOe pasHosecue MOHonOnUCmU"leCK020 KOHKypeHma (3aTeHeHHbIM npTlMoyro.nbHIiIKOM nOKa3aHa Be.n1ll41t1Ha cBepxnplt16blnlt1 MOHOnOflIt1CTW-lecKoro KOHKypeHTa, o6.naAalOero HeKOTOpOt1 BnaCTblO Ha,q u,eHoC1) o Q AOXOAa (MR). ECIl" Kp"Ba" cnpocs nepeceKaeTC" C OCbfO a5c'1"cc B T04Ke Q, TO Il"H"" npeAeIlbHoro AOXOAa nepeceKaeT OCb a6c'1"cc B T04Ke 1/2 Q. CpeAH"e " npeAeIlbHble "3Aep>KK" (AC " MC) MOHonOIl"CT"4ecKoro KOHKY- peHTa H3M8HHIOTCH B 38BL-1CIt1MOCTItl OT 06b8M8 BbmycKa no T8M )\{e npaslII- IlaM, 4TO " B YCIlOB""X 06b14HO" MOHOnOIl"" (P"c. 7.13). 1113 p"CYHKa B"AHO, 4TO rpacp"4eCKOe "305pa>KeH"e MOHOnOIl"CT"4eCKO- ro KOHKypeHTa aHaIlOr"4HO nOIlO>KeH"fO CP"PMbl-MOHOnOIl"CTa. BeAb, BHe- AP""Cb Ha pblHOK C HOBO" pa3HOB"AHOCTbfO npOAYKTa, npO"3BOA"TeIlb 3a- H"MaeT HS HeM onpeAeIleHHYfO H"WY. B npeAeIlax A"cpcpepeH'1"S'1"" (T. e. OTIl"4"", CSM05bITHOCT") cBoero npOAYKTa OH - MOHOnOIl"CT, HO B paMKax BceVl OTpaCIlH - KOHKypeHT. IIIM8HHO BblCOK8H KOHKyp8HTHOCTb pblHK8 AaH- HOI71 MO,l],eIlIII Itt AOBOIlbHO Y3KL-18 B03MO>KHOCn1 MOHonOIlHCTVlyeCKoro nOBeAe- HR OrpaH"4"BafOT nOIlY4eH"e CP"PMO" cBepxnp"6bIIl" KpaTKOCp04HbiM ne- PHOAOM. n03TOMY AIl" MOHOnOIl"CT"4ecKoro KOHKypeHTa C A"cpcpepeH'1Ha- 4"e" npoAYKTa 50Ilee xapaKTepHblM "BIlReTC" OTCYTcTB"e cBepxnp"5bIIl" B Aonrocp04HOM nep"OAe (P"c. 7.14). 1113 p"CYHKa B"AHO, 4TO B AOIlroCp04HOM nep"OAe MOHOnOIl"CT"4eCK"" KOHKypeHT nOIlY4aeT HopMaIlbHYfO np"5bIIlb, KOMneHC"PY" "3 npOAa>KHO" 48Hbl TOIlbKO CBO!.1 Cpe,l],Hlt1e H3Aep>KKIt1. n04eMY >Ke nOIlY4eH"e cBepxnp"6bIIl" He xapaKTepHo AIl" MOHonOIlHC- TH4ecKoro KOHKYP8HTa? .o.eJlo B TOM, '-ITO BIlaCTb Ha,Q 48HOVI MOHonOIlHCTIt1- 48CK\.1X KOHKypeHToB, KaK 6blIlO ynoMHHYTO Bblwe, B8CbMa OrpaHH'-IeH8. npe>K,Qe Bcero, TeM, '-ITO OH!.1 np0!.13BOAHT, B CYLl.\HOCT\.1, OAV1H !.1 TOT >Ke TO- Bap: HaIl"4"e A"cpcpepeH'1"a'1H", T. e. OTIl"4"TeIlbHblx oc06eHHOCTe", He 175 
Inasa 7 p MC o Q Puc. 7.14. ,lloneOCpOI.IHOe pasHosecue MOHonOnUCmUl.leCK020 KOHKypeHma MeH"ST OCHOBHOro COASp>KaH"" npOAYKTa. Hanp"Mep, npOxIlaA"TeIlbHble HanHTKVI T8K \.1 OCT8HYTCH npOXJ1aAL-1TeIlbHbIML-1 HamnK8M!.1, He38BIIICHMO OT BKYC8 \.1 U.B8T8, !.1IlItl OT TOro, KTO 3a npL-1Il8BKOM: IiIHT8nIlL-1reHTH8H Kp8c8BHlJ,a VlIlH CaMoAOSOIlbHblVl «,qYTbIW». C APYro" CTOpOHbl, AaHHa" MOAeIlb pblHKS npeAnOIlarasT LleHoBYIO KOHKypeHLlHIO. CH">KeH"e '1SHbl B KpaTKOcp04HOM nep"OAe Morna 5bl no- MOYb paCW\.1pJ.1Tb pblHOK 38 C48T KOHKypeHTos VI nOIlY4!.1Tb csepXnpltl6blIlb. OAH8KO He cIleAyeT 386b1B8Tb, YTO 3Il8CTL-1YHOCTb cnpOC8 no l!eHe y MOHO- nOIlIiICTHY8CKOro KOHKypeHT8 H8BbICOK8, L-1 nOIlYYHTb cBepxnpL-16blIlb OT p8C- W"peH"" 05beMa npOAa>K 3aTpYAH"TeIlbHO. KPOM8 TOro, B03MO>KHOCTV1 nOIlyyeHVls:I CB8pXnp\ll6b1Jl!.1 MorYT 6bITb CBH- 38Hbl C COKpa8HHeM cpe,QHL-1X !.13Aep>KeK, 8 :no, B CBOIO 04ep8Ab, 38B\IICL-1T OT YCOBepweHCTBOB8HIiIH IIIIlV1 BH8ApeHHH HOBblX TeXH0J10rH. <t>HH8HCHposa- H"e HaY4HbiX pa3pa60TOK " "X BHeApeH"e - Aoporo", AOnr"" " p"CKOBaH- Hbl" nYTb. n03TOMY CP"PMbl B KOHKypeHTHo" 50Pb6s nepeMel11afOTC" "3 06Il8CTH Ll8HOBoro conepHH48CTBa B 06IlaCTb He4eHOBOH KOHKypeH4I11H. PeKIlaM8 \II nOCIlenpOAa>KHOe 06CIlY>KHB8HVle, M8pKen1HrOBbl8 HCCJ1eAOB8- H!.1H III 1. n. - Bce 3TO HHCTPYM8HTbi Heu.eHOBOL4 KOHKypeHU.H!.1, ya8IlL-1YV1S8- fOl11"S paCXOAbl no C6bITY, HO COKpall1afOll1"e nYTb K nOTpe5"TeIlfO. np" MOHOn0J1Ir1CH1yeCKoii1 KOHKypeHl!L-1L-1 peKnaM8 SbtnOflHRem cneoYJOUJ,ue CPYHKL<UU: CPOPM"PYST " paCW"p"eT cnpoc, a TaK>Ke CH">KaeT '1eHOBYIO 3IlaCT"4HOCTb cnpoca, nOMora" cp"pMe YC"Il"Tb BIlaCTb HaA '1eHO". nOA BIlHHHHeM peKIl8Mbi nOKynaT8Ilb MO>KeT He CHH>K8Tb CBO cnpoc nplll nOBbl- W8H\.1V1 u.eHbl, 8 HHorA8 14 paCW!.1plt1Tb 8ro. BOT y)l{ n0L-1CTIIIH8 - «peKIl8Ma - ABlllraT8Ilb TOproBIlH!». Ell1e OA"H cpaKTOp, 3aTpYAH"fOll1"" nOIlY4eH"e MOHOnOIl"CT"4SCK"M 176 MexaHU3M pblHKB HecosepweHHou KOHKypeHLjUU KOHKypeHTOM cBspxnp"6bIIl", - HeBbICOK"e 5apbspbl BCTynIleH"" B oTpacIlb. YKpenIl""Cb Ha pblHKe, cp"pMa C HOBO" MSpKO" npOAYKTa c03AaeT CBO" cer- M8HT 38 CYeT COKp8Ll.\eHL-1s:1 ,QOIleii1 APyrVlx YY8CTHL-1KOB pblHKa, YTO H81t136e>K- HO OTPS3"TC" Ha "X np"5bIIl". K TOMY >KS HOBYfO MSPKY (HOBYfO OC05SH- HOCTb) npoAYKTa C03AaTb KYAS npOll1s, 4eM np"H'1"nHaIlbHO "HO" npoAYKT. n03TOMY nOHBIl8HHe HOBblX CPL-1PM H8 pblHK8 MOHonOIlHCTL-1Y8CKOIII KOHKYP8H- U,1-'I1II - s:lBIl8HL-1e 60Il88 yaCTOe, Y8M B YCIlOBL-1HX OIlHronOIl\.1V1, YTO COKpa8eT npOAOIl>K"TeIlbHOCTb nOIlY4eH"" cBepxnp"6bIIl" MOHOnOIl"CT"4eCK"M" KOHKY- peHTaM". Ha rpacp"Ke (P"c. 7.14) nOKa3aH PS3YIlbTaT pa3HoHsnpaBIleHHoro AB"- >KeH"" 'P"BbIX cnpoca " CpeAH"X "3Aep>KeK B AOIlroCp04HOM nep"OAe. Kp"- Ba" cnpoca D Ha npoAYK'1"fO CP"PMbl CAB"raSTC" BIleBO BCIleACTB"e BHe- ,qp8HHH B OTp8CIlb npIIIBIl8yeHHblX cB8pXnpL-16blIlblO HOBblX npOH3BOAL-1T8Il8L4, 8 KplllS8H CpeAHL-1X L-13,Q8p>K8K n8p8M8Ll.\8eTCH BB8pX B CBH3L-1 C ,QonoIlHVlTeIlb- HbIM" 3aTpaTaM" CP"PMbl Ha BeAeH"S He'1eHOBO" KOHKypeH'1H". CBepx- npH6b1Ilb L-1CY8388T, MOHOnOIlL-1Cn1Y8CKIIIL4 KOHKypeHT no.nY48eT IlHWb HOp- M8IlbHYlO nplr16blIlb B YC.nOBHHX HenoIlHol71 38rpY3KIII ero np0L-13BOACTB8H- HblX MOLl.\HOCTeVl - B TOYK8 Ao.nrOCpOYHoro paBHOBeCIt1H E 1 cp8AHHe L-13- Aep>KK" He AOCT"rn" CBosro M"HHMYMa AC m ". L1sHa Ha npOAYK'1"fO CP"P- Mbl (P,) YCTaHOB"IlaCb Ha 60Ilse BblCOKOM ypOBHe, 4eM TOT, KOTOpbl" Ha- 5IlfOAaIlC" 5bl np" COBepweHHO" KOHKypeH'1"". Ho 3TO - nIlaTa 3a pa3HO- 06P83H8, 38 B03MO>KHOCTb Bbl60p8 60raToro cn8KTp8 TOB8pOS V1 YCIlyr, 38 60Ilee nOIlHoe y.Qosn8TBOpeHL-1e nOTp86HOCTeVl IlIOAeVl. IIIT8K, B OTIlL-1YL-1e OT MOHonOIlVlVl Ir1 oIlVlronOIlL-1L-1, MOHOnOIlL-1CTVlY8CK8f1 KOH- KypeH'1"" xapaKTep"3yeTc" OTHOC"TeIlbHO HeBbICOK"M" 5apbepaM" BCTyn- IleHL-1s:1 B OTp8CIlb VI MHo)\{eCTBeHHOCTblO npOVl3BOAL-1TeIleVl. 3TL-1 YCIlOBVlH on- P8A8IlHIOT BblCOKYIO CT8n8Hb COnepHIr1l.J8CTB8 Me>K.Qy MOHOnOJlIt1CT!.14eCKL-1MItI KOHKypeHTaM", oCIla5Il"" "X BIlaCTb HaA '1eHO". n03TOMY '1sHo06pa30Ba- Hille B ,Q8HHOVI MOAeJlIII pblHK8 60J1bWe KOHKypeHTHoe, yeM MOHOnOIlL-1CT\.1- 4eCKoe. L\eHbl B YCIlOBHHX MOHonOIlHCTL-148CKOiil KOHKypeHu,VlVI H8CYT B ce5s 60nee T04HYfO pblH04HYfO "HCPOpMa'1"fO: OH" nOAB">KHbl " HS 3aBbl- W8Hbi TaK, K8K B YCIlOB!.1HX oIlHrononV11t1 !.1 MOHonOIlVlH. 1113 3TOro cIleAyeT, 4TO MOHonOIlHCT"4eCKa" KOHKypeH'1"R C A"cpcpepSH'1"a'1"e" npOAYKTa np!.1BOAHT K M8HbWL-1M nOTeps:lM B L-13J1It1WKe nOTpe6V1T8Ilfi \.1 M8HbW8MY «MepTBOMY y5bITKY» (4"CTbIM nOTep"M) 061l1eCTBa, 4eM APyr"e T"nbl pblHKa HeCOBepweHHO" KOHKypeH'1"". 177 12 KYPC3KOHoMw.1ecKoTeopVlIo\ 
 8. MOHonCOHlilfi Inasa 7 npeAbIAYll1"" aHaIl"3 5blIl CB"3aH C MOHOnOIl"e" KaK cpe- HOMeHOM OnpeAeIl8HHOVl BIlaCT!.1 H8A pbIHOYHOVll.\eHOVI co CTOpOHbl npog8B- Ll8. Ho !.13B8CTHbIVi KOHTpOJlb H8A l.\8H8M\II MO>KeT 6blTb !.1 CO CTOpOHbl nOKY- naTenH. ECIlH TepMHH MOHOnOI1V1H 03H84aeT «OA\IIH npO,l:\8Beu,», TO MOHO- nCOHHSI - 3TO «O,qH nOKynaTel1b». II1CCIleAOBaH"e np05IleMbi MOHonCOH"" "BIleTCR OAHO" "3 Ba>KHe"W"X HaY4HbiX 3acIlyr A>KOaH P05"HCOH.' npe>KAe 4eM aHaIl"3"pOBaTb YCTaHOBIleH"e '1eH B YCIlOB"RX MOHonco- H\II\.1, Cp8BHHM pblHOK COBepW8HHOVI \.1 H8COBepW8HHOVI KOHKypeH4Li1\11 «rna- 3aM" nOKynaTeIlR». B YCIlOB"RX COBepweHHO" KOHKypeH'1"" Ae"cTByeT MHO- >K8CTBO npOA8BLI,OB VI T04HO T8K >Ke A8V1cTByeT MHO>K8CTBO nOKyn8TeIleVi. KaK OTA8IlbHbll71 npOA8B8L1 B 3TL-1X YCIlOBHHX He MO>K8T nOBJlHHTb Ha pblHOYHYIO L\8HY, T8K H OTA8IlbHbll71 nOKynaT8Ilb H8 KOHKYP8HTHOM pblHKe He MO>K8T B03,Qel71cTBo- BaTb Ha pblH04HYfO '1eHY nOKynaeMblX "M TOBapOB. n"H"" cnpoca Ha npOAYK- '1"fO COBepweHHoro KOHKypeHTa-npOAaB'1a xapaKTep"3yeTc" a5COIlfOTHO" 3Ila- CTHl.JHOCTblO. III T8K >Ke IlVlH\.1H np8AIlO>K8HVlH AIlH COBepw8HHoro KOHKypeHT8- nOKynaTeIlfi HBJlfl8TCH 86COJllOTHO 3Jl8CTHYH0Ii1. 3TO 03H8Y8eT, YTO ecm-1 no- Kyn8TeIlb np8AI10>IOH 38 TOB8p MeHbwe AeHer, yeM CIlO>KIIIBW8HCH pb1H04- Ha" '1eHa, OH He Kyn"T H"4ero. A, npeAIlO>K"B AeHer 50Ilbwe, OH 'yn"T TO- BapoB CKOIlb yroAHO MHOro. CpaBH"M Kp"Bble cnpoca " npeAIlO>KeH"" B YCIlOB"X cOBepweHHo" KOHKypeH'1"" co CTOpOHbl nOKynaTeIl" " co CTOpOHbl npOAaB'1a (npO"3BOA"- TeIl"). Ha rpacp"Ke (P"c. 7.15s), Y>Ke "3BeCTHOM "3 aHaIl"3a COBepweHHO" KOHKypeH'1"", Kp"Ba" cnpoca Ha npOAYK'1"fO npOASB'1a (npO"3BOA"TeIl") It1MeeT rop!.130HT8IlbHbIVl B\.1A, 8 Kp!.1B8f1 ero np8AIlO>KeHHH - 3TO BocxoAHw,a5=l BeTBb KP"BO" npeAeIlbHblx "3Aep>KeK MG. rpacp"K (P"c. 7.155) "BIl"eTC" 3epKaIlbHbiM OTpa>KeH"eM rpacp"Ka Ha P"c. 7.15a. nOKynaTeIle" B YCIlOB""X cOBepweHHo" KOHKypeH'1"" MHOro, " K8>KAbIVi 143 H!.1X He B COCTOHHHH B03A8L4CTBOB8Tb 06b8MOM CBOVIX 38KynoK Ha KP"BYfO npeAIlO>KeH"" S, T. e. OH" TaK>Ke HBIlfllOTCfI «L\eHOn0J1Y48TeIlHML-1». IIIM8HHO n03TOMY rop"30HTaIlbHocTb rpacp"Ka npeA- nO>KeHIo1H HBIlHeTCH nplt13H8KOM COBepw8H- HO" KOHKypeH'1"" CpeA" nOKynaTeIle". 4TO >Ke cKpblBaeTc" 3a KP"BO" npeAIlO>KeH"" npoAYK'1"" (co CTOpOHbl nOKynaTeIl")? He\.13MeHHocTb l!8HbJ B YCIlOBVlHX CQ- BepweHHO" KOHKypeH'1"" AIl" nOKynaTeIl" 03H848eT, YTO OH HVlK8K He BIlHs:l8T H8 Has, \II c06mOA81OTCfI Bce YCIlOBVlH paBHOB8C!.1H: 178 1 nplo1HSlTO c'-nnaTb, '-ITO enoeD «MOHonCOHIo1S1» BBeAeHO B HaY4- Hbl(.1 060POT ,Q>K. P06Ii1HCOH. OIJ,Ha- KG B cBoei/1 paGoTe OHa CCbIIlaeTCS'I H8 6. fl. XaIlsap,o,a 1113 KeM6pl1\JJ,>K8. nOJ],GK838SWero e(.1 3TOT TepMIt1H. (P06It1HCOH A>K. 3KOHOMVl4eCK8S1 TeOpll1S1 HecosepweHHOLil KOHKypeH- "". M., 1986. C. 295). MeX8HU3M pblHK8 HecoeepweHHoi1 KOHKypeH/../,UU p p S (MC) D (MU) D S o o Q Q 8) npoAaBe'-'.«'-'eHOnOl1y....aTe.nb» 6) nOKynaTeIlb-«L4eHOnonY"laTel1b» Puc. 7.15. Cnpoc u npeOnOJKeHUe Ha KOHKypeHmHoM pblHKe P = AG = MG. Co CTOpOHbl nOKynaTeIl" ynIla4"BaeMa" "M '1eHa P COBnaAa- eT C AOnOIlH"TeIlbHbIM" (npeAeIlbHbIMH) "3Aep>KKaM" np"05peTeH"" npo- AYK'1"". nO"CH"M 3TO nOAP05Hee. npeAeIlbHble H3AepJKKH npHo5peTeHH" - 3TO AonOIlHHTeIlbHble H3- AepJKKH nOKynsTeIlR npH 3sKynKe HM AOnoIlHHTeIlbHoM eAHHHl\bl npo- AYKl\HH. nOKynsTeIlb ynIla4"BaeT 3a np"06peTaeMbl" "M TOBap onpeAeIleH- HYfO '1eHY. l.\eHa P - ero "3Aep>KK" KaK nOKynaTeIl". ECIl" 3Ta '1eHa He"3- MeHHa np" Ka>KAO" AOnOIlH"TeIlbHO" nOKynKe eA"H"'1bl npOAYK'1H", TO " npeAeIlbHble "3Aep>KK" np"05peTeHH" TOBapa 5YAYT OCTaBaTbC" He"3MeH- HblMl1. 3TO !.1 OTp8>KaeTCH H8 ropL-130HT8IlbHOCTV1 Il\.1H np8AIlO>K8HIr1H. CIleAOBaTeIlbHO, eCIl" P = AC, TO Il"H"" S eCTb He 4TO "HOe KaK Il"H"" CpeAH"X "3Aep>KeK (AG). 111 3Ta >Ke Il"H"" COBnaAaeT C Il"H"ei< npeAeIlbHblX H3Aep>KeK np"05peTeH"" (MC) nOKynaTeIlR B YCIlOB""X COBepweHHO" KOH- KypeH'1"H, paCCMaTp"BaeMO" co CTOpOHbl nOKynaTeIl", Il"H"" npeAnO>KeH"" S - 3TO OAHOBpeMeHHO " Il"HH" CpeAH"X "3Aep>KeK AG " IlHH"" npeAeIlb- HblX "3Aep>KeK np"05peTeH"" npoAYK'1"" MG. YCIlOB"eM paBHOBeC"" npOAaB'1a (npO"3BOA"TeIl") BIl"eTC", KaK "3Be- CTHO, paBeHcTBo MG " MR. To" >Ke IlOr"K" pblH04HOro nOBeAeH"" AOIl>KeH npHAep>KV1B8TbCH L-1 nOKynaTeIlb: OH AOIl>KeH Cp8BHHBaTb CBOH npeAeIlbHbl8 3Aep>KK" " npeAeIlbHbl" AOXOA, eCIl" CTpeM"TC" K AOCT">KeH"fO paBHoBe- CHH. 4TO TaKoe npeAeIlbHble "3Aep>KK" nOKynaT8Il", Y>Ke Bbl"CHeHO: 3TO era AO- nOIlH"T8IlbHble 3STpSTbi Ha np"06peTeH"e AOnOIlH"TeIlbHO" eA"H"'1bl npoAYK- l\H. 111 eCIl" '1eHa nOKynaeMo" npoAYK'1"" He"3MeHHa, TO OHa COBnaAaeT C np8AeIlbHbIM" "3Aep>KKaM nOKynaTeIl". Ho 4TO TaKoe npeAeIlbHbl" AOXOA MR nOKynaTeIl"? ECIl" OH np"05peTaeT npOAYK'1"fO, TO, 04eB"AHO, PYKOBOACTBY- E!TCR 3aKOHOMepHOCTM", np"CYll1"M" A"H8MHKe npeAeIlbHO" nOIle3HOCT" /iAu. npupocm ooxooa, m. e. MR, co cmopOHbl nOKynamenfi - 3mo npupocm none3Hocmu. CIleAOBaTeIlbHO, Kp"Ba" cnpoca 0 nOKynaTeIl" - 3TO Kp"Ba" npeAeIlbHO" nOIle3HOCT" MU, "Il" Kp"Ba" npeAeIlbHoro AOXOAa MR. 179 12' 
Inaea 7 B YCIlOBltlflX MOHonCOH!.11t1 Ha pblHKe ,q8L4CTBY8T H8 MHO>KeCTBO, a O,qL-1H nOKynaTeIlb. '1TO >Ke 6YAeT npeACTaBIl"Tb c060" 'p"Ba" npeAIlO>KeH"" B ycnOBL-1HX MOHOnCOHIt1L-1? 04eBL-1AHO, OH8 AOIl>KH8 YTpaTL-1Tb ropH30HT8IlbHblVl xspaKTep " np"05peCT" "HO" B"A. npe>KAe 4eM 05pHCOBaTb KOHcp"rypa'1"fO KP"BOC; npeAIlO>KeH"" B YCIlO- B"RX MOHOnCOH"H, Ba>KHO nOA4epKHYTb, 4TO 3TO 5YAeT KpHBSR npeAIlO>Ke- HiI'Ist BceM OTpaCl1l1'1, a He npOCTO Kp!.1B8H npeAIlO>KeHJ.1H K8KOVl-TO OAHOVI CP"PMbl. BeAb MOHOnCOH"CT "MeeT nepeA c060" BeCb pbIHOK, 3a ero «6Ila- roCKIlOHHOCTb» KOHKYP"PYfOT Me>KAY c050" pa3p03HeHHble npO"3BOA"TeIl" KaKol71-IlH60 oTpacIlIiI B u,eIlOM. H8 A8HHOVI CT8A\II!.1 8HaIlH38 HCHO, YTO 8CIl!.1 nOKynaTeIlb - OAV1H, a npo- AaB'10B - MHOro, KOHKypeH'1"" pS3BepHeTc", npe>KAe Bcero, Me>KAY npOAaB- '1aM" (npO"3BOA"TeIl"MH), " '1eHa 6YAeT nOH">KaTbC". MOHOnCOH"CT "MeeT B03MO>KHOCTb A"KTOBaTb '1eHbl Ha np"06peTaeMYfO npOAYK'1"fO " YCTaHaB- IlL-1BaTb ee H8 YPOBH8 60Il88 HVl3KOM, Y8M B YCIlOB!.1HX COB8pW8HHOVl KOHKY- peH'1"H. KaK H3B8CTHO, MOHonOIlV1CT, HM8H BIlaCTb Ha,q L\8H0L4, MO>K8T YCTaHOBIt1Tb ee Ha ypOBHe, npeBblWafOll1eM ypOBeHb '1eHbl paBHOBeC"" B YCIlOB""X CO- BepW8HHOVl KOHKYP8HlJ,HH, \.1 06b8M npOlil3BOACTB8 Y MOHonOIll1CTa H\II>Ke, 4eM npH COBepweHHO" KOHKypeH'1"". A KaKOB 05beM 3aKynoK Y MOHonco- H!.1CT8? BbJW8 HIlIt1 HilI>K8 ypOBHH YCIlOBHVI cOBepW8HH0L4 KOHKYP8Hl!HH? OT- BeT Ha 3TOT Bonpoc HeOAH03Ha4eH. Bce 5YAeT 3aBHceTb aT YCIlOBH" npeA110>KeHHH OTpaCl1l1'1 H COOTBeTCTBYtol!-'erO ypOBHst eHbl npeA110>Ke- HHR. Ho npe>KAe 4eM "3Y4"Tb YCIlOB"" npeAIlO>KeHH", 3aAaA"MC" Bonpo- COM: 8 38BHCVlT JlItI BflaCTb MOHonCOHL-1CTa OT caMoro xapaKT8pa np!.106peT8- 8Mora 14M npOAYKT8? Ol.JeBVlAHO, ,0.8. COnpOTIt1BflHTbCH BIlaCTH MOHonCOHVlC- Ta MorYT, CKopee, npO"3BOA"TeIl" He CKopOnOpT"ll1e"C" npOAYK'1"": eCIl" HM H8 Hp8BflTCH YCIlOBHH MOHOnCOH!.1It1, OHVI eLl.\e MorYT K8Koe-TO Bp8MH no- "CKaTb APyroro nOKynaTeIlR A 4TO AeIlaTb npO"3BOAHTeIl"M cKoponopT"- eVlcH npoAYKLlL-1L-1 ceIlbCKora X03HL4CTS8? no BC8L4 BHA\tIMOCTVI, Y HIiIX 60Ilb- we B8pOHTHOCTH nonaCTb B 3aBV1CV1MOCTb OT ycnOBIt1V1, AL-1KTY8MbIX MOHonco- HVICTOM. KOHe4HO, 3TO He 8AHHcTBeHHblVi np!.1M8p. A npm-13BOA\tITeIlIr1 8IlMa- 30B? 3TO npOAYKT He CKopOnOpT"ll1""CR. OAHaKO MOHOnCOH"CT «Ae 5"pc» AHKTyeT CBO!.1 YCIlOBL-1H nOKynKIt1 af1Ma30B np0L-13BOA\.1T8IlHM 3TOro TOB8p8 B p83HbiX CTp8H8X. MOHOnCOHL-1H HepeAKO YCTaH8BIlVlBa8TCfI H Ha pblHKe TPY- Aa (CM. rn. 11). IIIT8K, MOHonCOHVlCT, M8HHnYIllo1pYH 06beMoM CBO\.1X 38KynoK, MO>K8T B03- Ae"CTBOBaTb Ha pblH04HYfO '1eHY np"06peTaeMo" npoAYK'1"". CIleAOBaTeIlb- HO, era MO>KHO H83B8Tb «l!eH0L-1CK8TeIleM». C T04K!.1 3p8HIiIH MOHOnCOHL-1CTa, pblH04Ha" '1eHa npeAIlO>KeH"" 5YAeT OTpa>KaTb A"HaM"KY CpeAH"X "3Aep- >KeK Bce" oTpacIlH. COBoKynHoe npeAIlO>KeHHe oTpacIlH xapsKTepH3yeT KpHBaR, OTpa>KalOll1SR cOBoKynHocTb cpeAHHx H3Aep>KeK pa3IlH4HblX tjJHpM ASHHO" OTpaCIlH (P"c. 7.16). 180 MexaHU3M pblHKa HecoeepweHHoO KOHKypeHLjUU P,AC o AC KpusaR npednOJKeHUR dnR MOHonCOHucma Q PUC. 7.16. KpHBa" npeAIlO>KeHHR AIlR MOHonCOHHCTa - 3TO KpHBS" cpeAHHx H3Aep>KeK oTpacIlH (AC).' nf05a" T04Ka, HaXOA"ll1a"C" Ha KP"BO" AC, co- OTBeTcTByeT TOMY HIlH L-1HOMY ypOBHIO lJ,eHbl npeAIlO>KeHHH MOHOnCOHL-1CT8 npVl 38KynK8 \11M onp8AeIl8HHora KOIlItIl.JeCTS8 TOB8pa Q. AIl" MOHOnCOH"CTS, KaK B"AHO "3 rpacp"Ka (P"c. 7.16), '1eHa npeAIlo- >K8HHH MO>KeT 6blTb: 1. nOH">KafOll1e"C" - H"CXOA"ll1a" BeTBb AG (3TO - AOBOIlbHO peAK"" CIlY4a,,); 2. nOBblwafOll1e"C" - BOCXOA"ll1a" BeTBb AC. IIIT8K, lJ,8Ha npeAIlO>KeHHfI B OTp8CIlVl, «3axB848HH0L4» MOHOnCOHL-1CTOM, MO>K8T 6blTb VI nOHL-1>K81OLl.\8V1CH, !.1 nOBblw81O8V1CfI. CIleAoBaTenbHo, H npe- AeIlbHble (AonOIlH"TeIlbHble) "3Aep>KK" np"06peTeH"" npoAYK'1"" (MC) MO- HOnCOHL-1CT8 nepeCT810T 6blTb H8H3M8HHbJMH (KaK npL-1 cOBepw8HHoVi KOHKY- peH'1H"); OH" MorYT 6blTb (nocKoIlbKY MG OTpa>KaeT A"HaM"KY KP"BO" AG) TaK>K8 \tI nOHH>KalOLl.\L-1, MItICH \tI nOBbIW81OVlML-1CH. PaCCMOTp"M Ha"50Ilee T"n"4HYfO C"Tya'1HfO, KorAa Kp"Ba" cnpoca 0 MOHOnCOH"CTa nepeceKaeT KP"BYfO npeAIlO>KeH"" OTpaCIl" AG npu n06blwa- lOl.L<eiicR '1eH8 npeOnOJKeHUR (P"c. 7.17). MOHOnCOH\tICT, L-1MeH AeIlO C pacTYLl.\ell1 lJ,8H0I71 npeAIlO>KeHL-1H, CTOJlKH8T- c" " C pacTYll1"M" npeAeIlbHblM" "3Aep>KKaM" np"05peTeH"" TOBaps; KP"- Ba" MG O,a>KeTC" Bblwe BOCXOA"ll1e" BeTB" KP"BO" npeAIlO>KeH"" AG. Ha P"c. 7.17 "3BeCTHble HaM Kp"Bble TpaKTYfOTC" CIleAYfOll1"M 05pa30M: AG - 3TO Kp"Ba" CpeAH"X "3Aep>KeK B OTpaCIl" (c T04K" 3peH"" MOHO- nCOHVlCTa - 3TO KpVlB8f1 npeAIlO>KeHVlH npo- AY K '1""); MC - 3TO Kp"Ba" npeAeIlbHblX "3Aep- >KeK OTpaCn" (c T04K" 3peH"" MOHonCOH"C- Ta - KP"BS" ero npeAeIlbHblX "3Aep>KeK np"05peTeH"" TOBapa); , CIt1MMeTp\.1YHO 3TOMY Kplt1BaSi cnpoca Ha npOAYKWIt1 MOHOnOfi\.1- cTa - 3TO Kplt1BaSl cpeAHero AOXO- ,Qa MOHOnOfiIt1CTa, T. e. Kp\.1BaSl D. 181 
Inasa 7 p MC AC o Q, Q, Q PUG. 7.17. PaeHoeecue MOHonCOHUU D - KP"BS" cnpoca (C T04K" 3peH"" MOHonCOH"CTS - Kp"BaH npe- AeIlbHO" nOIle3HOCT", "Il" npeAeIlbHoro AOXOAS MU, "Il" MR). Ha"AeM TOYKY paBHOB8CIr1f1 nOKynaT8IlH-MOHOnCOH\.1CT8 Ha n8peCS'-!8HVI!.1 KpHBblX ero MG " MR. T04Ka E - MeCTO nepeCe4eH"" KP"BO" MG " KP"BO" D (KP"BO" npe- AeIlbHoro AOXOAa nOKynaTeIl"-MOHOnCOH"CTa). TaK"M 06pa30M, Ha KP"BO" AG HaXOA"M T04KY E" KOTopa" " onpeAeIl"T ypoBeHb '1eHbl np"06peTeH"" MO- HonCOHHCT8 P 1 . OH8 OKa3blB8STCH HIr1>Ke l!8Hbl Po' KOTopaH 6b1Jl8 6bl B YCJlOBL-1- "X cOBepweHHo" KOHKypeH'1"" nOKynaTeIle". Ha 3TOM rpacp"Ke MOHOnCOH"CT np"05peTaeT npoAYK'1HfO B KOIl"yeCTBe Q" 4TO MeHbwe KOIl"4eCTBa 0 0 B yc- IlOB"RX cOBepweHHo" KOHKypeH'1"". Ba>KHO nOH"Tb, 4TO ypoBeHb 05beMa 3sKynoK MOHOnCOH"CT onpeAeIl"eT, CpaBH"Ba" CBO" MG " MR " HaXOA" TOl.JKY V1X n8p8c8'-!8HHfI. AHam13 H8COB8pWSHHOVl KOHKypSHU,!.1H co CTOpOHbl nOKynaT8IlH - MO- HonCOHVlCT8 np\.1BOAHT K aH8IlorHl.JHbIM BblBOA8M OTHOCL-1T8IlbHO OTKIlOH8- HL-1H pblH04HbiX '-"8H OT COCTOHHVlH paSHOBeCIt1f1 B YCIlOBVlHX COB8pW8HHOCi KOHKypeH'-"HV1. P83H\.1l!a 3aKJlI0488TCH TOJlbKO B TOM, YTO MOHOnOl1HCT YC- TaHaBIl"BaeT CBOfO '1eHY Bblwe YPOBHH YCIlOB"" COBepweHHO" KOHKypeH- '-"HH, 8 MOHonCOHHCT - HH>Ke TOro ypOBHH, KOTOpblL4 6blIl 6bl np!.1 COBSp- weHHO" KOHKypeH'1"". nOCIl8 paCCMOTpeHHH np06IleM MOHOnCOHL-1L-1 MO>KHO AaTb CpaBHL-1TeIlb- Hbl" aHaIl"3 YCIlOB"" paBHOBeC"" CP"PMbl- MOHonOIl"CTa " CP"PMbl- MOHO- nCOHV1CT8. Ho BHa4aIle ell1e pa3 HanOMHHM 0 rpacp"Ke 'P"BO" cnpoca Ha npOAYK- '1"fO COBepweHHoro KOHKypeHTa. 3Ta Il"H"" - D, nspaIlIleIlbHa" OC" a5c- '1"CC. OAHOBpeMeHHO 3TO " Il"H"" npeAeIlbHoro AOXOAa MR. Apyr"M" CIlO- BaM", B YCIlOB""X cOBepweHHo" KOHKypeH'1"" Il"H"" D " MR CIl"Tbl B OAHY, «Hep8Cll..\8nIl8HHYIO» ropVl30HTaIlbHYlO IlVlH!.1IO. 182 AA exaHU3M pblHKa HecoeepweHHoiJ KOHKypeHLjUU B YCIlOB""X HecoBepweHHo" KOHKypeH'1"" Kp"Ba" cnpoca D KaK 5bl «ps3ABa"BaeTcH» - Ha c05cTBeHHo KP"BYfO D " ee cBoe05pa3HYfO <<TeHb» - KP"BYfO npeAeIlbHoro AOXOAa MR. A Tenepb nepe"AeM K cpaBHeH"fO paBHo- e8CVlH MOHOnOIl!.11t1 VI MOHonCOHHVI. . npVl MOHonOIlVlH KpHBaH cnpoca «pac8nIl518TcH» H8 KPIllBYIO D It1 ae «TeHb», KP"BYfO MR. np" MOHOnCOH"" «paCll1enIl"eTcH» Kp"BaH npeA- IlO>KeH"" Ha KP"BYfO AG " ee <<TeHb», KP"BYfO MG (npeAeIlbHble "3Aep>K- K" np"05peTeH""). . np" MOHonOIl"" Kp"Ba" npeAeIlbHoro AOXOAa - 3TO MR. np" MOHonCOHH" Kp"Ba" npeAeIlbHoro AOXOAa MOHOnCOH"CTa - 3TO Kp"Ba" cnpoca D, "Il" Kp"Ba" npeAeIlbHo" nOIle3HOCT" MU. . np" MOHonOIl"" Bce B03MO>KHble T04K" '1eHbl npOAa>K" Ile>KaT Ha KP"- BO" cnpoca D. np" MOHonCOH"" Bce T04K" '1eHbl np"05peTeH"" TOBapa Ile>KaT Ha KP"BO" npeAIlO>KeH"" AC. . npL-1 rp8cpH'-!8CKOM 8H8Il\.138 MOHonOIlHH Mbl BHa'-!ane HeM TO'-!KY n8- peCe4eH"" KP"BbIX MG " MR, a 3aTeM npOBOA"M BepT"KaIlb AO KpKBOH cnpoca D. TaK Mbl onpeAeIl"eM ypoBeHb npOASJKHOH 4eHbl. np" aHaIl"3e MOHOnCOH"" BHa4aIle TafOKe "ll1eM T04KY nepeCe4eH"" KP"BbIX MG " MR (D), a 3aTeM npoBOA"M BePT"KaIlb AO KpHBOH npeAIlOJKeHHR MOHOnCOH"C- Ta AC. TaK onpeAeIl"eM ypoBeHb 4eHbi npHo5peTeHHR. . np" cOBepweHHo" KOHKypeH'1"" co CTOpOHbl npO"3BOA"TeIle" '1eHa pSBHOBeC"" YCTaHOB"IlaCb 5bl Ha ypoBHe nepeCe4eH"" KP"BO"_ cnpoca D " KpHBO" npeAIlO>KeH"" MG. 111 OHa 5blIla 5bl HKJKe MOHonOIlbHOH 4eHbl, np" COBepweHHO" KOHKypeH'1"" co CTOpOHbl nOKynaTeIle" '1eHS paBHOBeC"" TO>Ke YCTaHOB"IlaCb 6bl Ha nepeCe4eH"" KP"BO" cnpoca " KP"BO" npeAIlO- JKeHH" AIlR nOKynaTeIl" AG. 111 OHa 5blIla 5bl Bblwe '1eHbl MOHonCOHHH, S 9. AHTI1MOHOnOI1bHOe 3aKOHO,tlaTeI1bCTBO 11 peryI1l1pOBaHl1e 3KOHOMI1KI1: OCHOBHble npl1HLll1nbl npH Bcex H8ocnopV1MblX AOCTOL-1HCTBaX COB8pW8HH0l71 KOH- KypeH'1"H y Hee eCTb CYll1eCTBeHHbl" HeAOCTSTOK: cnOHTaHHoe pa3B"T"e PblH04HbiX npOl!eCCOB MO>K8T conpOBmKAaTbCH MOHonom"'38'-"H8 T8X It1IlL-1 "HbIX ccpep X03""CTBeHHO" >K"3HH. COBepweHHa" KOHKypeH'1"", 5YAY4" «npeAOCTaBIleHHO" caMO" ce5e», npeBpall1aeTc" B KOHKypeH'1"fO HecoBep- weHHYfO. A 3TO 03HS4aeT, 4TO nOA YAap CTaB"TC" 3KOHOM"4eCKa" AeMoKpa- TfI, KOTOp8H, B CBOIO Ol.JepeAb, HBIlfl8TCH OCHOBO nOIlItITHl.J8CKOal! A8MoKpa- T. n03TOMY ell1e B KOH'1e XIX B. B npoMblwIleHHo pa3B"Tb1X cTpaHax 3a- naAa ", npe>KAe Bcero, B CWA 5blIla OC03HaHa He05xOA"MOCTb nOCTaB"Tb onpeAeIleHHbl" 3aCIlOH AecTPYKmBHblM C"IlaM MOHOnOIl"3a'1"". 183 
Inasa 7 MOHOnOIl"", KaK OTMe4aIlOCb B npeAblAYll1"X naparpacpax rn. 7, 03Ha- \..Ia8T onp8A8IleHHYlO CTeneHb Bn8CTlil H8A l!8HOVl, A 3T8 BIl8CTb MO)\{eT 68- 3HpOB8TbCH H8 p83IlH4HbiX np8AnocblIlK8X: KOHU,8HTP8U,Hs:I pb1HK8, T8Hble it1 "BHbI8 COrnaWeH"" a pa3AeIle pblHKOB " ypOBHe '1eH, C03AaH"e "CKYCCTB8H- HblX Aecp"'1"TOB HAP. AHmTp8CTOBCK08, "IlH aHT"MOHOnOIlbHoe 3aKOHOAa- TeIlbCTBO np"3BaHO He AonYCT"Tb pa3BepTbIBaH"" pa3pYW"TeIlbHO" AIl" 3CPcp8KT!.1BHOCTJ.1 3KOHOMHKL-1 Orp8HL-1YL-1T8IlbHOVl AeIloBoVl np8KTit1KIII. nOA noc- Il8AH8V1 nOHit1M8IOTCs:I ,Q8V1CTBHH, Hanp8BIl8HHbl8 H8 OrpaHW-I8HJ.18 KOHKYP8H- '1"" Ha pblHKe. Ha"50Ilee pS3pa50TaHHbiM np"HRTO C4"TaTb aHmMOHonOIlbHoe 3SKOHO- AaTeIlbcTBo CWA, "MefOl11ee K TOMY >Ke " Ha"50Ilee ASBHfOfO "CTOP"fO. OHO 683L-1pyeTcH H8 <<Tpex KJ.1T8X», T. 8. 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A 4TO, eCIl" KPynHa" KOpnOpa'1"" A05"IlaCb H"3KOrO npOAa>KHoro ypOBH" '1eH nYTeM CH">KeH"" "3Aep>KeK, C nOMOll1bfO 50Ilee Bbl- COKOro ypOBH" TeXHOIlOr"H " Bo061l1e X03""cTBeHHo" 3cpcpeKT"BHOCT"? KaK OTIlHYL-1Tb «AeMnL-1HroBbI8» l!8HbJ OT HL-13KHX l!8H, CIlO>KL-1BWVlXCH B cL-1ny Bbl- 184 \ \ MeXBHU3M pblHK8 HecosepweHHo{J KOHKypeHLjUU COKO" 3cpcpeKT"BHOCT"? 111 Bo051l1e, BBOA" 3anp8T Ha npOAa>KY <<no 4pe3Bbl- 4aHO HVl3K!.1M U,8H8M», KOro 38Ll.\V1Ll.\8eT 8HT!.1Tp8CTOBcKoe 3aKoHoA8T8nbcTBo - KOHKypeHl!HIO L-1IlH KaKH8-TO rpynnbl KOHKypeHToB? Bce 3TO He npOCTO aKa,Q8M!.1Y8CKL-18, YHCTO T80peT\.1\..18CK!.18 BOnpOCbl. Ha- np"Mep, 3aKOH P05"HCOHa-n3TM3HS, 3anpell1aBW"" '1eHOBYfO A"CKp"M"Ha- '1"fO, 5blIl HsnpaBIleH, no CYT", npOT"B KpynHblx P03H"4HbIX Mara3"HOB " CY- nepM8pK8TOB, KOTOpbl8 MOfIlVl ce6e n03BOIlVlTb CHIt1>K8Tb l!8Hbl AIlH onpe,qe- IleHHblX rpynn nOKynaTeIle". Ho 3TOro He MOrn" n03BOIl"Tb c85e MeIlK"e ToproBble CP"PMbl. 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XeVlH8 H8CTOVlYL-1BO npOBO,QHT MblCIlb 0 TOM, l.JTO 8HTHTpeCTOBCKoe pery- Il"pOBaH"e (He3aB"C"MO aT ero 5Ilar"X HaMepeH"") 3all1"ll1a8T He CB050A- HYfO KOHKypeH'1"fO, a onp8AeIleHHbie rpynnbl KOHKypeHTOB. «Ba>KHO no- MHVlTb, - nOAyepKHB8eT XeVlHe, - 4TO HaVl60Ilee 3cpcpeKTV1BHoe ,q8BIleHL-18 H8 rocYAapCTBeHHYfO nOIl"T"KY OKa3blBafOT He nOTpe5"TeIl", a npO"3BOAHT8Il". 111 CIl"WKOM 4aCTO 3Ta nOIl"T"Ka 6YAeT CPOpM"pOBaTbC" nOA BIl""H"eM CTp8MIleH"" npO"3BOAHTeIle" 3Sll1Hll1aTb ce6" OT CypOBblX 3aKOHOB KOHKY- peHTHOCi >KL-13HVI».2 rOCYAapCTB8HHbie CIlY>K6bl, np"3BaHHbl8 OCYll1eCTBIl"Tb peaIl"3a'1"fO 8HTL-1MOHOnOIlbHoro 38KOHOA8T8IlbCTB8, MorYT PYKOBOACTBOB8TbCH ABYMH np"H'1"naM": Bo-nepBbIX, >KeCTKO CIleAY" 5YKBe 3aKOHS ", BO-BTOPbIX, «npHHl.-'lo1nOM pa3YMHOCTIo1». eIlO B TOM, YTO BO MHOrL-1X OTHOW8HL-1HX IOpVl- A"4eCK"" "3blK aHT"TpeCTOBCK"X S'TOB (Hanp"Mep, 3aKOHa WepMaHa) Ha- CTOIlbKO AeKIlapaT"BeH, 4TO cpeAepaIlbHbl" CYA CWA Mor 5bl nOABeCT" nOA ccpepy ero Ae"CTB"" Ilf06blX ABYX napTHepOB, peW"B- WHX B8CTL-1 COBMecTHoe AeIlO. n03TOMY «npL-1HlJ,L-1n pa3YMHOCTL-1» 03H8yaeT, YTO TonbKO Hepa3YMHoe OrpaHL-1Y8HHe ToproBm1 1 CaMY3J1bCOH n. 3KOHOM\t1K8. M, 1964. C. 541. 2 XeHe n. 3KOHOM\t14eCKIt\ 06- p83 MblwneHI/HL M., 1991. C. 296. 185 
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rJ1aBa 8. Inasa 8 3KOHOMlilKA HEOnPE,QEIlEHHOCTIII, IIIH<I>OPMALlIIIIII III CTPAXOBAHIII  1. «(- Hy U HY, - omeel.{an Oc man pa30paJKeHHO, - OQUH waHC npomue OQUHH8ou,amu. VI 3mom W8HC... OH xopoweHbKO nopblflCR 6 cmyne U 3aKOHl./Un: - /11 3mom W8HC nOK8 He Haw». VI. VlnbcjJ, E. nempOB. «,fJeeHaou,amb cmynbes» Heonpe,QeJ1eHHOCTb KaK xapaKTepHafl 'lepTa pbIHO'lHOiil 3KOHOMIiIKIiI, nOHflTlile aCIiIMMeTplil'lHOiil IiIHQ:>opMaLlIiIIiI np" paccMOTpeH"" KOHKypeHTHoro pblHKa Mbl c03AaeM a6- CTP8KTHYIO Mo,qeIlb co BC8ML-1 YCIlOBHOCTHMVI, npHcYLLlHMVI 3TOVI MOA8JlH. B TOM 4"CIle Mbl npeAnOIlaraeM, 4TO "HcpopMa'1"" Ha TaKOM pblHKe pacnpe- ,Q8IleHa CVlMMeTpHl.JHO, TO eCTb Bce YY8CTH\.1KIr1 pblHK8 06Il8A81OT paSHb!M AocTynoM K Helll. HeonpeA8Il8HHOCTb OTCYTCTBY8T, 8 3TO n03BOIlH8T L-1CnOIlb 30BaTb pecypCbl " cpeACTBa Ha"50Ilee 3cpcpeKT"BHbIM 05pS30M. 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Xa"eK, HeCMOTp" Ha ero "B- Hbl8 pblHOYHbl8 B3rnHAbl. 1 no 8ra MHeHIt1IO, BblroA8 B03HL-1Ka8T IlHWb B TOM cIlyyae, eCIl" "HCPOpMS'1"" nepBOHa4aIlbHO AocTyn- Ha He Ka>KAOMY; npeAnp"H"MaTeIlb, 05IlS- 188 1 XaC1eK <P. nary6H8S1 C8MOHa- ,q851HHOCTb. «HOBOCH1», M., 1992. C.156-157. 3 KDHOMUK8 HeonpeoeneHHocmu ,qatOl..UL-1V1 L-1HcpopMal.\L-1eCi, nonyya8T B03MO>KHOCTb L-13BIl8K8Tb npVl6blIlb B T8- 4eH"e nep"OAa BpeMeH", nOKa AocTyn K "HCPOpMS'1H" He nOIlY4aT OCTaIlb- !-Ibl8 areHTbJ H8 pb1HK8. _ .o.aIl88 Mbl 6YA8M paCCM8TpL-1BaTb B OCHOBHOM HeOKIl8CC\.1Y8CKVI!.1 nOAXO,q K8K HaH60Il8e p8cnpOCTpaHeHHblVl nplll 8H8IlH38 np06Il8M H80npe,qeIleHHO- CT" " SC"MMeTp"4HOCT" "HcpopMa'1"". C T04K" 3peH"" HeOKIlaCC"KOB, aC"MMeTp"4HOCTb "HcpopMa'1"" - OAHa H3 np"4"H cp"aCKO, "Il" HeCOCTO"TeIlbHOCT", pblHKa (CM. nOAP06Hee rn. 15). C 4eM 3TO CB"3aHo? B pe3YIlbTaTe aC"MMeTp"4HO" "HCPOpMa'1"" B03H"KSfOT HHTepHsIlHH ("HTepHaIlbHble 3cpcpeKTbl), T. e. 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A eCIl" 3TOT CepT"cp"KaT np"- 06P8T8H H838KOHHbiM nYTeM HIlVl HBI1F1eTCFI CP8IlbWV1BbIM? n03BOHIt1Tb V1Il!.1 HanpaB"Tb 3anpoc Ha CP"PMY-"3roTOB"TeIlb? Ho pacxoAbl Ha TaK"e Mepon- pHHTVlFI MorYT OK838TbCH OLJeHb 60IlbWJ.1MV1, !.1 BpeMH, nOTp84eHHoe H8 3TL-1 AeCTB\IIH, MO>KeT L-1MeTb CIlV1WKOM BblCOKYIO 8IlbTepH8TV1BHYIO CTOL-1MOCTb. TaK"M 06pa30M, B pe3YIlbTaTe aC"MMeTp"4HOCm "HcpopMa'1"" Hapywa- aTCSl C8M npL-1Hu,L-1n Ael71cTBVlH pblHOLJHOro M8xaHV13Ma, nocKoIlbKY 4eHOBbie CIUHal1bl nepecTalOT OTpa>KaTb peal1bHOe n0110>KeHHe Ael1. KIl8CCL-1Y8C- KV1 npHM8p, BoweJJ,wV1V1 BO MHorV1e YLJe6HL-1KV1 no 3KOHOML-1K8, H3IlO>KeH B CT8- Tbe aMep"KaHcKoro 3KOHOM"CTa IlaypeaTa H05eneBcKo" npeM"" 3a 2001 rOA A>KOPA>Ka AKepIlocpa «PbIHOK Il"MOHOB» (1970 r), On"CbIBafOll1e" C"TY- a'1HfO Ha pblHKe nOAep>KaHHbiX aBTOM06"Ile". 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KOHe4Ho, MeHeA>Kep 3a"HT8peCoBaH B npO'1BeTaH"" CP"PMbl, KaK " e8 BIlaA8Il8'1, HO Y MeHeA>KepS MorYT 6blTb " CBO" c06cTBeHHbl8 '18Il" , T"nH4- HblMH cpeAIr1 KOTOpblX 06bl4HO Ha3blsalOT pa3p8CT8HIr18 ynp8BIl8Hl.J8CKoro nepcoHaIla " COKpall1eH"8 pa604ero AH". np"H'1"naIl H8 "MeeT nOIlHO" "H- cpOpMa'1"" 0 '1eIl"X CBO"X ynpaBIl"fOll1"X, n03TOMY B np"H'1"ne Ae"TeIlb- HOCTb CP"PMbl MO>KeT 6blTb AaIleKO He BC8rAa HanpSBIleHS Ha MaKC"M"3a- l.\HIO npa.16bIJl!.1, K8K 3TO np!.1HHTO Cl.JHT8Tb B HeOKIl8CCW-leCKOVl TeOpL-1l11.  2. PIIICK III cnoco6bl ero CHIIIJKeHlllfI. CTpaXOBaHlile B YCIlOB""X SC"MMeTp"4HOCT" "HcpopMa'1"" " HeonpeAe- neHHOCTIr1 nlOA!.1 B OCYLl.\8CTBIl8HHIt1 CB08L4 3KOHOMIII48CK0l71 AeHT8IlbHOCTH He"35e>KHO "AYT Ha P"CK. nOA pHCKOM nOH"MaeTC" C"Tya'1"", KorAa, 3HS" BepmnHOCTb K8>K,QOro B03MO>KHOro HCXO,Q8, BC8 >Ke H8Ilb3H TOYHO np8ACK8- 38Tb KOH8YHbl pe3YJ1bTaT. PaCCMOTp\.1M H8KOTOpbl8 OCHOBHble nOHHTIo1H, CBfI- 38HHbl8 C nOB8A8HIt1eM 48IlOB8K8 B YCIlOBHHX H80np8A8IleHHOCTH. Yl.J8Cn18 B nOTep88 - HInL-14HbIVl nplr1M8p pV1CKOBOH A8f1T8IlbHOCTH. 0>KH,Q8eMoe 3Hal.J8Hlt1e cnY48V1HOVl BeIlVlYL-1Hbl (H8npHMep, BblHrpbJW HJlH npO"rpblW B IlOTepee) nOAC4"TbIBaeTC" no cpopMYIle MaTeMSTH4eCKoro O>KH- ASHHR: (1) E(x) = 7l"1X1 + 7r 2 X 2 + ... + 7r n X n , rA8 7r 1 , 1[2' ... 7r n - B8pOHTHOCTVI Ka>KgOrO VlCXOA8, X 1 ' X 2 , ... X n - 3Ha4eHL-1H K8>K,QOro J.1CXOA8. npV1 3TOM B8>KHO YY!.1TbIB8Tb, YTO BepOHTHOCTL-1 MOrYT L-1MeTb p83IlV14HYIO np"pOAY, TO eCTb 5blTb KaK 05b8KT"BHbIM", TaK " cy5beKT"BHbIM". Te Y4e- Hble, KOTOpble np"Aep>K"BafOTC" KOH'1en'1"" 05b8KT"BHO" np"pOAbl BepO"T- HOCT8t1, nOIl8ra1OT, 4TO 3Ha4eHHH BepOfiTHOCTeVl nOT8Hu,HaIlbHO Onpe,qeIlH- Mbl H8 M8T8M8TH4eCKOVl OCHOB8. TaK, CPP8Hl.\Y3CKIo111! 8CTpOHOM, M8TeM8THK H cI>"3"K nbep nanIlaC OnpeAeIl"Il B8PO"THOCTb "CCIl8AyeMoro C06bIT"" KaK OTHOWeHL-18 KOIlVl4eCTB8 6Il8ronpHflTHbiX HCXOAOB A8HHOro C06bITL-1f1 K KOIlH- 48CTBY Bcex B03MO>KHbIX "CXOAOB. CTOPOHH"KH cy5beKT"BHoro nOAXOAa (Ha- npHMep, aMep"KaHCK"" 3KOHOM"CT " CTaT"CT"K neOHapA C3B"A>K) nonara- IlIr1, YTO BepOHTHOCTL-1 - 3TO CTen8HH y68>K,Q8HHOCTL-1 B H8cTynIleHL-1L-1 Tex It1nlt1 HHblX C06bITHVI. B Ilf060M CIlY4ae, KaKYfO 5bl TpaKTOBKY np"pOAbl BepO"THOCTe" Mbl H" npHHHIlH, HaM B8>KHO p83.n!.148Tb M8TeM8THY8CKOe O}l{HA8HVle (npe,qnOIlar8- eMoe 3Ha4eHHe "CXOAa) " O>K"AaeMYfO nOIl83HOCTb. CTOKH M8T8MaTIt1yeCKoro 060CHOB8HV1H TeopHH O>KH,QaeMOLil n0l1e3- 191 
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LlT05bl 05b"CH"Tb CaHKT-neTep5yprCK"" napaAOKC, A. 5epHYIln" npe.QnOJlmK!.1Il, l.JTO B ,q8HHOM CIlYl.J8e HHAHBH,Qbl CTpeMflTCfI K MaKCHMH- JaLH1H He O>KH,QaeMoro AeHe>KHOrO BblHrpblwa, a MOpal1bHOrO O>KHAa HHSI, BnOCIleACTBHV1 H83a8HHOro O>KHAae- MOH nOl1eJHOCTblO Bbllr1rpblw8. A 3TO He OAHO " TO >Ke. PaCCMOTp"M 3TY np05neMY nOAPo6Hee B CBfl3L-1 C OTHOWeH!.1eM IlIOA8V1 K P"CKY. II1Ae" A. 5epHYIlIlH nOIlY4"Il" pa3B"T"e B p860T8X 8MepL-1K8HCKHX 3KOHOMHCTOB A>KOHa cpOH He"MaHa " OCKapa MopreHW- TepH8, KOTOpblX 48CTO Ha3blB81OT OCHOBO- n0J10>KH!.1KaMH TeOpL-11t1 0>KL-1A8eM0L4 nOIle3- HOCTL-1. OHL-1 nOK838JlIII, YTO B YCIlOBHHX H8- nOIlHO" "HcpopMa'1"" pa'1"OHaIlbHbiM Bbl- 50pOM "HA"B"Aa 5YAeT Bbl50p C MaKC"- MaIlbHOVI 0>KHA8eMOCi nOIle3HOCTb. 192 1 ,[\aHIi1IMl 6epHY.n.nVl (1700- 1782), wBe'-1l\apcKVI'-1 MareMan1K Ii1 ecreCrB0Ii1Cnblrar8.nb. B 1723- 1725 rr. pa6ora.n B nerep6yprcKo'-1 AKageMIi1V1 HaYK Ha KacpeApax CPIi1- 31i10.norVlIi1 Ii1 MareMarVlKIi1. ra6pli13.nb KpaMep (1704- 1752) - wBe'-1l\apCKIi1'-1 MareMarV1K. 2 CM. nOAP06Hee: 6epHY.n.nVl,q OnblT HOBO'-1 r80pL11.1 1i13MepeHVlfJ )/{pe6Ii1fJ. B KHVlre: TeOpV1fJ norpe61i1- re.nbCKoro nOBeA8HVlfJ 11 cnpoca. C.-n6. 1993. C. 23. 3KOHOMUKa H80npeaeneHHOCmU O>KItI,q8eM8H nOIle3HOCTb Ka>KAoro B8pV1aHT8 nOACYIt1TblB88TCH CIl8AYLl.\VlM 05pa30M: " E(U); Iu, IT, i"1 (2) rAe u. - nOIle3HOCTb HCXOA8 I, 7[, - BepoHTHoCTb HCXO,q8 I, n - YL-1CIlO \.1C- XOAOB. 3T8M VlHAIr1B!.1A CP8BH!.1B8e 0>K1t1,q8eMbI8 nOIle3HOCT!.1 B8pH8HTOB It1 OCYll1eCTBIl"eT Bb150p, CTpeM"Cb Ma'C"M"3"pOBaTb O>K"AaeMYfO nOIle3- HOCTb. KaKoBO >Ke 5YAeT ero OTHOWeH"e K P"CKY? nlOAfiM CBoVlcTBeHHo pa3IlL-14H08 OTHOW8HL-18 K pL-1CKY. B 3KOHOMVl48CKOVl TeOp"" np"H"TO BbIAeIl"Tb: a) HeiiTpaIlbHblX K PHCKY; 5) IlI06HTeIleii pHCKa; B) HcnblTblBSlOll1HX aHTHnSTHIO K PHCKY, "Il" npOTHBHHKOB pHCKS. B HeKOTopblX cnY4a"x MaTeMST"4eCKOe O>K"AaH"e np" OCYll1eCTBIleH"" pHCKOBO" Ae"TeIlbHOCT" MO>KeT 5blTb paBHO B AeHe>KHOM Bblpa>KeH"" He- P"CKOBOMY Bap"aHTY, " Bce >Ke IlfOA" nOBeAYT ce5" no-pS3HOMY. Hanp"Mep, Baw AOIl>KH"K BMeCTO TOro, 4T05bl BepHYTb BaM 10 AOIlIl., npeAIlarseT 5po- C"Tb MOHeTY. ' ECIl" Bbl Bbl"rpaeTe, TO nOIlY4"Te He 10, a 20 AOIlIl. (T. e. Baw 4HCTbl" Bbl"rpblW COCTaB"T 10 AOIlIl.), HO eCIl" npO"rpaeTe - He nOIlY4"Te H"4ero (T. e. nOTep"eTe CBO" 10 AOIlIl.). MaTeMaT"4eCKOe O>K"AaH"e E(x) B 3TOM CIlY4ae COCTaB"T: (0,5 x 10) + (0,5 x -10) ; O. OHO paBHO HYIlfO, H nOIlY4aeTC", 4TO BaM, BpOAe 5bl, 5e3pS3Il"4HO, "rpaTb B OPIl"HKY C AOIl>K- HHKOM L-1Il!.1 nOTpe60B8Tb npOCTO CBO!.1 AeHbr!.1 Ha38A. Ho KTO-TO nO>KeIl88T nOVlTL-1 H8 plt1CK B H8,q8>KA8 nOIlY4L-1Tb 60Ilbwe, a KTO- TO npeAn04TeT He npeAnp"H"MaTb H"KaK"X Ae"CTB"", CB"3aHHbIX C P"CKOM. .Qnfl TOro, YTo5bl 06bs:lCHIt1Tb Bbl60p 3KOHOML-1Y8CK!.1X 8reHTOB, He06xOAHMO BKIlI04L-1Tb B Haw 8H8Il\.13 KOHl..\8nu,HiO O>KL-1AaeMOL4 nOIle3HOCTL-1. np8KTIt1Ka nOKa3blBaeT, 4TO B OCHOBHOVI cBoeVi M8cce IlIOAL-1 He CKIlOHHbl K plt1CKOBOVl AeHT8IlbHOCTL-1. T8Koe nOB8,q8HL-18 05blYHO 05bHCHHeTCH, nOMH- MO oco6eHHocTel71 4eIlOB8Y8CKOVI nCHX!.1KIt1, YHCTO 3KOHOMHyeCKOVI npIr1YV1HOVl, a HMeHHO: A8V1CTBH8M 3aKOH8 y6b1B81OeVl np8A8IlbHOVl nOIl83HOCTL-1. npeAnOIlO>K"M, 4TO Y Bac eCTb 100 AOIlIl. Bbl MO>KeTe cbrrpaTb B PYIleT- KY \.1 nOCT8BHTb «H8 KpacHoe» 50 AOIlIl. B cnY4ae Bbl"rpblWa (np" YAS4HO" "rpe «Ha Ll.Ben> CYMM8 CT8BKIII YBef1!.14HBaeTcH B AB8 Pa3a) Y Bac 6YAeT 150 AOIlIl.: 50 AOIlIl., KO- TOpble Bbl He CTaB"Il", nIlfOC 50 AOIlIl. x 2 - Baw Bbl"rpblw. TaK"M 05pa30M, Bbl YBe- nHYHTe CBoe nepBOHaY8IlbHOe 60raTcTBo, 1 KypC3KOKOMH"I8CK0i1T80PHH 1 HanOMHIotM ew,e pa3, 4TO B c.nY4ae C nOA6paCblBaHIi1eM MOH8- Tbl BeporHocrVl npOVlrpblwa \11 Bbl. I1rpblWa paBHbl Me>K.Qy co6o'-1 VI co- craB.nIOT Be.n114I.1HY 0,5. 193 
InaS8 8  = = = = = = = = = - - = = - -  } I } Y6LlTOK: I I 5 7 = -2 I 5 ____--I I I I I I I I I I I I I o 50 100 150 YCJlOBHhle e"""""", nOJIe3uocru KpKBaJI o6m;en nOJle3HOCTH ITpK06peTeHHe: 8-7 = 1 Puc. 8.1. KpueaR o6U(eu none3Hocmu: HenpuRmue pucHa IioI'aTCFBO.AOJIJl. paBHoe 100 AOIlIl., Ha 50 AOIlIl. B cIlY4ae npO"rpblWS Y Bac OCTaHeTC" Bce- ro 50 AOIlIl., T. e. Bbl YMeHbW"Te CBoe nepBoHa4sIlbH08 50raTcTBo HS 50 AOJlIl. M8T8M8TIr1Y8CKOe 0>KVlAaH!.18 B .Q8H8>KHOM Bblp8>K8HL-1L-1 COCTaBL-1T: (0,5 x-50) + (0,5 x 50) = O. Ho npeAeIlbHa" nOIle3HOCTb, KaK B"AHO "3 rpacp"Ka 051l18" nOIl83Hocm (P"c. 8. 1.) , y5blBaeT, n03TOMY B YCIlOBHblX eA"H"'1aX nOIl83HOCT"' O!I<uoa- eMaH none3Hocmb 6YA8T Ir1MeTb OTplo1L1,8TeJlbHOe 3H8l.J8HL-1e: (0,5 x -2) + (0,5 x 1) = -1. II1Ha4e roBOp", B CIlY4a8 npO"rpblWa BaW" y5b1TK" 5YAYT B YCIlOBHblX eAV1H\.1u,ax nOIle3HOCTH 60Ilbwe, yeM B8W8 npHo6peTeHHe B CIlY48e BblL-1r- pblwa. TaKVlM 06p830M, B K8Terop\.1HX nOIle3HOCT\.1 CHTY8L1,L-1H Bblr.nHAL-1T l1H8- 48, l.JeM B AeHe>KHOM L-1CYHCIl8HL-1L-1, It1 Bbl He 6YA8Te CKIlOHHbl pL-1CKOB8Tb. BOT n04eMY Mbl rOBOpLi1IlVI paHe8 0 He06xOALi1MOCTLi1 p83IlHyaTb MaTeM8TJ.1Y8CK08 0>KJ.1,QaHH8 AeHe>KHOC1 CYMMbl BblVlrpblW8 !.1 ee 0>KHA8eMYtO nOIle3HOCTb. Bbl- pa>KaHCb 60Ilee npOCTblM H3bIKOM, MO>KHO CKa3aTb, l.JTO, KOHel.JHO, B8M ,QOC- T8BIt1T P8AOCTb nOIlYYHTb 60IlbW8 TOro, YTO Bbl L-1MeeTe, HO AIlH B8C ropa3Ao 0ll1ymMee 5YAeT nOTep" TOro, K 4eMY Bbl Y>Ke npHBbIKIlLi1. B 3KOHOMH4eCK0C1 TeOpL-1H ASHHbl" cpeHOMeH nOIlY4"Il Ha3BaHH8 3<1>- <l>eKTa BIlSAeHHR. 3cpcpeKT BIlaA8H"" 3aK- fllOY88TCH B TOM, 4TO IltOAH ropa3Ao Bblwe OLl,8HLi1B8IOT TO, yeM OHVI BIl8AeIOT, Y8M TO, l.JTO nOKa Li1M He npHH8AIle>K!.1T. B03Bpall1a"Cb K CaHKT-neTep6yprcKOMY nap8AoKCY, Mbl MO>KeM Tenepb CK838Tb, YTO 194 I YC.noBHble eA!i1H!i1L1bl no.ne3HO. CTI-1 MO}f(HO o603Ha4!i1Tb KaK «IOTIi1- .n!i1» (OT aHr.nI-1V1CKoro c.nOBa uti!ity- no.ne3HocTb), MO}f(HO 1-1 B npec.noBY- TblX y. e., nogpa3YMeBa nog HIIIMIi1 IIIMeHHO HeKlile YC.noBHble egl-1HIi1- Llbl, a He Ao.n.napbl CWA. 3KOHOMUK8 HeonpeoeneHHocmu YCJIOBHLIe ellHHH'<h' nOJIe3HOCTK KpKBaJI o6m;eri: nOJIe3HOCI'U 8 - - - - - - - - - - - - - - - 3 : I ITpH06peTeHHe: I 8-3=5 I ----I I } Y6hlTOK: j I 2 _ 3 - -11 - - - - 1 I I 50 100 150 IioraTcrBO, AOJIJl. 2 o Puc. 8.2. KpueaR o6U(eii none3Hocmu: CHnOHHocmb K PUCKY VlHAHBHAbl, OTK83blB8HCb OT L-1rpbl B nO,Q6paCbIBaHL-1e MOHeTbl, H8CMOTpfl H8 6eCKOH8YHO 60Ilbwoe 3H84eHV18 M8TeMaTltt48cKOro 0>KVlA8HL-1H, PYKOBOACTBY- toTCfI, com8CHO rL-1nOTe3e 6epHYIlIlItt, npe>KAe Bcero 0>K!.1A8eM0C1 nOIle3HOC- Tbto BblLi1rpblw8. A npeA8IlbHaH nOIl83HOCTb AOXOA8 C K8)I{,QbIM ero npHpoc- TOM CH!.1>KaeTCR npltt YMeHbWalOLl.\eL4CH npeAeIlbHol71 nOIle3HOCT!.1 AeHe>KHO- ro Bbl"rpblWa IlfOA" 5YAYT Tpe60BaTb Bce B03paCTafOll1"X BbrnIlaT, AIl" TOro, 4T06bl KOMneHCL-1pOBaTb CBOL4 pL-1CK B CIlYl.J88 npO!.1rpblwa. KOHe4Ho, CYl11eCTBYfOT IlfOA" , KOTopble Bce >Ke CKIlOHHbl "Am Ha P"CK. CaMO nOHHTHe npeAnpHH!.1M8TeIlbcTBa Bcer,Q8 CBH3aHO C 60IlbW&.1M V1IlH MeHbW\.1M pIttCKOM. .o.IlH T8KIt1X mOAeVl, HcnblTblBalOIt1X CKIlOHHOCTb K PHCKY, Kp"Ba" 061l1e" nOIle3HOCT" 6YAeT np"05peTaTb BorHYTbl" B"A, " np"06pe- TeH"8 B cIlY4ae Bbl"rpblWa 5YAeT npeBblwaTb y6blTOK B CIlY4ae npO"rpblWa B YCIlOBHblX eA"H"'1aX nOIl83HOCT" (P"c. 8.2). M8TeMaTIt14eCKOe O>KItt,QaHlt1e B A8He)\{HOM Bblpa>KeHIttH, K8K H B cIlyyae, paccMoTpeHHoM Bblwe, 6YAeT cIleAYfOll1"M: (0,5 x-50) + (0,5 x 50) = O. Ho npeA8IlbH8f1 nOIle3HOCTb B A8HHOM cIlyyae B03pacT88T, n03ToMY B YCIlOBHblX eAVlHHLI,8X 0>KHA8eM8H nOIle3HOCTb 6YA8T \.1MeTb nOIlO>KHTeIlbHoe 3H84eHL-1e: (0,5 X-I) + (0,5 x 5) = 2. nOIlO>KHT8IlbHbIH 3HaK roBOplt1T 0 TOM, 4TO AIlH IlIO,QeC1, CKIlOHHblX K plt1C- KOBO" Ae"T8IlbHOCT", Oll1YT"Mee 5YAeT paAOCTb Bbl"rpbIWS, 48M HeYAO- BOJ1bCTBVle OT npOVlrpbJWa. 111, HaKOHe'1, B CIlY4ae He"TpsIlbHOro OTHOWeH"" K P"CKY Kp"Ba" 051l18" nOIle3HOCT" 5YAeT np"05peTaTb B"A np"MO" Il"H"" (P"c. 8.3). 195 13- 
Inaea 8 YCJlOBHLIe <IlK"""'" UOJIe3HOC1'H KpHBaJI 06m;eu 6 - - - - - - - - - - - - - - - UOJIe3HOCTH : } npH06peTeHHe: 1 6 - 4.. 2 4 ----- : } Y6b1TOK: : ! 2 -4...2 I 2 -----1 1 I I I I I o 50 100 150 Bo£aTCTBO, )]:OJlJl. Puc. 8.3. KpuaaR o6uceii none3Hocmu: Heiimpan&HOe omHoweHue H PUCHY MaT8ManlY8CK08 0>KIo1A8H!.1e B A8H8>KHOM BbJp8>KeHHIo1, 8CTeCTB8HHO, He MeHH8TCH: (0,5 x-50) + (0,5 x 50) = O. Ho " npeAeIlbHa" nOIle3HOCTb He MeH"eTC", n03TOMY B YCIlOBHblX eA"- H"'1aX nOIle3HOCT" O>K"AaeMa" nOIle3HOCTb 5YAeT TaK>Ke paBHa HYIlfO: (0,5 x -2) + (0,5 x 2) = O. TaK"M 05pa30M, Mbl B"A"M, 4TO AM IlfOAe", 5e3pa3Il"4Hb1X K P"CKY, no- nO>KV1TeIlbHbI8 3MOLlL1\.1 OT Bbl!.1rpblWa p8BHbi OTpLilLl8TeIlbHbiM 3MOU,HHM OT npO"rpblwa. C T04KH 3peH"" TeOp"" O>K"AaeMO" nOIle3HOCT" Bce TP" paCCMOTpeH- Hble Bap"aHTa Bbl50pa 5YAYT pa'1"OHaIlbHbIMH. OAHaKo BnocIleACTB"" 6blIl0 BblHBIleHO L-1 onHC8HO AocTaT04Hoe KOIllo1Y8CTBO CIlY4aeB, H8 YKIl8Abl- BalOLl.\L-1XCH B A8HHYlO TeOpL1lO. P8CCMOTplt1M HeKOTopblX 143 HL-1X. 1113BeCTeH TaK H83blBaeMblVl a£t>£t>eKT TOl.JKH OTCl.JeTa. 4T06bl nOHCHL-1Tb ero, np"BeAeM np"Mep. LleIlOBeK C05"paeTC" Kyn"Tb A>K"HCbl CTO"MOCTbfO 50 AOIlIl., np" 3TOM Y Hero eCTb Bb150p, Il"60 Kyn"Tb "X B Mara3"He P"AOM C ,QOMOM, IlH60 nOTp8TVlTb 4ac Bp8M8HLiI H KynL1Tb \.1X B APyroM M8r83101H8 no '1eHe 40 AOIlIl. KOHe4Ho, OH MO>KeT MaxHYTb PYKO" Ha AeHbr" " Kyn"Tb "X P"AOM C AOMOM, HO Bce >Ke cYl11eCTBYfOT AocTaT04Hbie CT"MYIlbl AIl" noe3A- KH B LleIlHx 3KOHOML-1H. ECIlH >K8 TOT )\{e caMblVl 4eIlOB8K CTOL-1T nepeA Bbl6o- pOM, Kyn"Tb KO>KaHYfO KypTKY 3a 690 AOIlIl. P"AOM C AOMOM "IlH - 3a 680 AOIlIl. B YAaIleHHoM MSra3"He, CT"MYIlOB K noe3AKe 6YAeT ropa3Ao MeHbwe. 3KOHOMHH B 10 AOIlIl. nOIlyyaeTCH B 06olt1x cIlY4aHx, HO T04K8 OTC48T8 3aK- Il104aeTCH B npou,8HT8 3KOHOML-1L-1, T. 8. OTHOWeHHL1 C3KOHOMIl8HHblX A8H8r K l..\8H8 TOBap8, Bblpa>KeHHOM B npOLleHT8X. 196 3KOHOMUK8 HeOnpeaeneHHOCmU nOJIe3HOCTh A o )J,OXO)): Puc. 8.4. KpuaaR o6uceii none3Hocmu: U3MeHeHue omHoweHUR H PUCHY 8 3aSUCUMocmu om ypOSHR iJoxoiJa 4eIlOB8K MO>KeT BeCT!.1 ce6H, OnpOB8pr8H KOHLlenl!L11O 0>KHAa8MOVt nOIle3- HOCTLiI, B P83YIlbTaT8 He.nHH8L4H0L4 38BL-1C\.1MOCTH 06b8KTIt1BHbiX V1 Cy6b8KTL1B- HblX BepO"THOCTe". CYll1eCTByeT TeHAeH'1"" K nOBblWeH"fO cy5beKT"BHO" Be- p05lTHOCTH no Mepe YBeIlH48HLilH >K8.naT8JlbHOCTV1 C06bITHII1, T. 8. yeIlOBeK Bbl- AaeT >KenaeM08 3a A8V1CTBHT8IlbH08. npV1M8HIt1TeIlbHO K pV1CKOBOVl ,QeHT8Ilb- HOCTL1, MO)\{HO CK838Tb, 4TO 4eIlOBeK B 60IlbW8111 CT8neH\.1 6YA8T CKIlOH8H HATVI H8 pL-1CK, eCIlL-1 nOBblwaeTCH np\.1THraT8IlbHOCTb B03MO>KHOro V1CXOA8. IIICKIlI04eH\.1H H3 TeOpHIr1 O>KL-1,QaeMOVt nOIl83HOCTH CBH38Hb1 TalOKe C >K8- IlaH"eM 50nbW"HCTBa IlfOAe" "35e>KaTb p"CKa Ilf050" '1eHO". CYll1eCTByeT 3!j)!j)eKT onpeAeIleHHOCTH. OH 3aKIlf04aeTC" B TOM, 4TO np"BIleKaTeIlb- HOCTb onpeAeIleHHblX "CXOAOB AIl" IlfOAe" OKS3bIBaeTC" HenpOnOpL<uo- HanbHO Bblwe, 48M H8onp8A8Il8HHbIX. npOB8AeHHbie 3KcnepHM8HTbi no- Ka3blBafOT, 4TO Bbl"rpblW C 100%-HO" Bepo"THoCTbfO IlfOA" O'1eH"BafOT HenpOnOp'1"OHaIlbHo Bblwe, 4eM Bbl"rpbIW" C BepO"THOCTbfO, np"5Il">Ka- 101l1e"c" K 100%, HO He AOCT"rafOll1e" ee: C Bepo"THoCTbfO 99%, 98% " T. A. T. e. nlO,QH 0l!8HLilB8IOT B8pOHTHOCTb He TOIlbKO C KOJlH4eCTB8HH0L4 HQ !.1 C K8yeCTB8HH0ll1 TOY8K 3p8H!.1f1. OHIr1 OK83blB81OTCH 8 8 MeH8e CKJlOH .Hbl K P"CKY, 4eM 3TO npeAnOIlaraeTCH B TeOp"" O>K"AaeMO" nOIle3HOCT". M. "'p"AMeH " n. C3B"A>K B CBoe" CTaTbe «AHaIl"3 nOIle3HOCT" np" Bbl- Gope 8IlbTepH8THB, np8AnOIlaralOLl.\L-1X p\t1CK» 1 CBH3blB81OT CKIlOHHOCTb HIlH qHT"naT"fO K P"CKY C ypOBHeM AOXOAOB pa3Il"4Hb1X Il"'1 " CTPO"T cIleAYfO- l11YfO KP"BYfO nOIle3HOCT" (P"c. 8.4): Y4acToK A - rpynna Il"'1 C H"3K"M" AO- XOAaM". Y4acToK B - npOMe>KYT04HS" rpynna. Y4acTOK C - rpynna Il"'1 C BbICOK"M" AoxoAa M". 1 CM.: Teop\t1S1 nOTpe5\t1TeI1bc- KOro nOBeAeHIIISlIII cnpoca. C.208- 250. 197
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IIIMeHHo HeonpeA8IleHHOCTb, B03HHK81O8H BBL-1AY CY1l18CTBOBaH"" aC"MMeTp"4HO" "HCPOpMa'1"" B YCIlOB""X pblH04HOro XO- 3HI71CTB8, nOpO>KA8eT, Bblpa>KaHCb 06pa3HO, >K8IlaHL-1e \.1HAL-1BHAOB IIICK8Tb cn8- CeHIiIH OT BblCOKHX BOIlH TpaHCaKl!\.10HHbIX L-13Aep)\{8K B OK88He cnOHT8HHOro nopAKa Ha OCTpOBSX "epapx"", T. e. CP"PM. COBpeM8HH8s:1 He0L-1HCTL-1TYl!V10H8IlbHas:l TeOpHs:I, OAH!.1M H3 H8!.160Ilee HpKIIIX np8ACT8BHT8Ileli1 KOTOpOVl flBIlHeTCH 8M8pHKaHCKL-1171 3KOHOML-1CT O. YHIlb"MCOH, np8AIlaraeT ell1e 60Ilee rny50KOe norpY>K8H"8 B CYll1- HOCTb 3KOHOM"48C'O" np"pOAbl CP"PMbl. AIl" Bbl"CH8H"" 3TO" np"po- Abl H8M Heo6xoAHMO BBeCTH B 8H8Il1013, HapHAY C L-13BeCTHbIMH (onnop- TYH"CT"4eCKOe nOBeAeH"e), " HOBbie KaTerop"": cneLlH(j>H4HOCTb SKTH- BOB (peCYPCOB) " THnbl KOHTpaKTOB. np"H'1"n nOIlHO" pa'1"OHaIlbHOCT", KaK OTMe4anOCb B rn. 1, nOApa3Y- M8BaeT 06Il8,q8HVle BceMVI Y48CTHHK8MH pblHK8 nOIlHoHIiI HeVlCK8>K8HHOVl L-1H- cpopMa'1"e". np" 3TOM Y 3KOHOM"48CK"X areHTOB OTCYTCTBYfOT CT"MYIlbl YIlY4W"Tb CBoe 5IlarocOCTO"H"e 3a C4eT APyr"x. OAHaKo B pesIlbHo" 3KOHOMVlK8 Mbl, KaK npaBV1Ilo, HMeeM AeIlO C OrpaHHY8HHOVl pau,\.10H8Ilb- HOCTblO. CVlTyau,iIIs:I H80npeAeIl8HHOCTL-1 It1 nOCTOHHHoe CTOIlKHOB8HHe B38- "MHbIX "HTepeCoB cy5beKToB pblHKa nOpO>KAafOT "X onnopTYH"CT"4eCKOe nOB8AeHlo1e. 3T8 MOAeIlb nOBeAeHL-1H, 0 KOTOpOL4 Mbl roBOp!.1Il\ll p8Hee, X8- paKT8pH3Y8TCH cTpeMneHlo1eM 8reHTOB M8KC!.1MVl3!.1pOB8Tb npL-16blIlb SHe a8BIiICHMOCTIt1 OT B03MO>KHOro yeMIleHHs:I np8B n8pTH8pOB H H8pyweHL-1H np"H'1"nOB AeIlOBO" 3T"K". 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Inaea 10  3. Cnpoc Ha Q>aKTopbl np0I13BOACTBa, npaBl1flO I1CnOflb30BaHI1R peCYPCOB KaK "3B8CTHO, cnpoc Ha KOHe4Hbl8 TOBapbl " YCIlyr" npeAb"B- Il"fOT AOMaWH"e X03""CTBa, BblcTynafOll1"e B POIl" nOKynaTeIl8". np8AIlO>Ke- HHe TOBapOB " YCIlyr C03AafOT CP"PMbl, BblcTynafOll1"e B POIl" npOAaB'10B. KaK CPopM"pyeTC" cnpoc Ha cpaKTOpbl npO"3BOACTBa, KTO 8ro npeAb"B- JlH8T V1 l.JeM OH onpeA8IlHeTCH? OTIlW"'IHTeIlbHO 48pTO pblHKOB CP8KTOpOB npm-13BOACTBa HBIlH8TCH TOT cpaKT, 4TO B POIl" nOKynsT8Ile" 3A8Cb BblcTynafOT CP"PMbl, a npOAaB'1SM" "B- IlRfOTCR AOMaWH"e X03""CTBa, "Il", APyr"M" CIlOBaM", cy6beKTbi cnpoca - CP"PMbl, S Cy5b8KTbi npeAIlO>KeH"" - AOMaWH"e X03"CTBa. B OCHOBe nOTpe6V1TeIlbcKoro cnpoca, K8K HaM L-13BeCTHO L-13 rIl. 5, Ile>KL-1T CPYHK'1"" nOIle3HOCT". B OCHOBe >Ke cnpoca Ha cpaKTopbl npO"3BOACTBa Ile- >KHT AOXOA, KOTOpbl" cp"pMa CTpeM"TC" nOIlY4"Tb, npO"3BOA" C nOMOll1bfO 3T"X cpaKTOpOB pa3Il"4Hb18 TOBapbl " YCIlyr". 3TO 03Ha4aeT, 4TO cp"pMa npeAb"BIl"eT cnpoc Ha pecypcbl Il"Wb nocToIlbKY, nocKoIlbKY nOTpe5"T8nb HY>KAaeTC" B TOBapax, npO"3BeA8HHbIX C nOMOll1bfO 3T"X pecypcoB, a He Ha050pOT. Hanp"Mep, 05YBHbie cpa5p"K" npeAb"BIl"fOT cnpoc Ha KO>KY " YCIlyr" TpYAa 05YBll1"KOB nOTOMY, 4TO nOTpe5"TeIl" np8Ab"BIl"fOT cnpoc Ha KO>KaHYfO 05YBb. TaK"M 05pa30M, e 3KOHOMU4eCKoii meopuu cnpoc Ha cpaK- mopbl npou3S00cmea npUHFImo Ha3blsamb npOH3BOAHbiM cnpOCOM. 3TO - nepBoe " B8CbMa CYll1eCTBeHHoe OTIl"4"e cnpoca Ha pblHKSX cpaKTOpOB npo- "3BOACTBS OT cnpoca Ha pblHKax KOHe4HbiX TOBapOB " YCIlyr. Bblwe roBOP"IlOCb a TOM, 4TO npO"3BOACTBeHHbl" np0'18CC npeACTaBIl"- eT c050" npO'1eCC B3a"MOAe"CTB"" pa3Il"4Hb1X cpaKTopOB npO"3BOACTBS. HeB03MO>KHO OpraH"30BaTb npO'1eCC npO"3BOACTBa, "Me", Hanp"Mep, Kan"- TaIl, HO He HMeR pa504e" C"Ilbl " Ha050pOT, T. e. H" OA"H cpaKTOp B OT- AeIlbHOCTH He MO>KeT np0L-13BeCTH npoAYKT. OTCIOA8 BbIT8KaeT, YTO cnpoc Ha cpaKTopbl npO"3BOACTBa "BIl"8TC" B3SHM03SBHCHMbIM. 3TO - BTopoe cy- ll1eCTBeHHoe OTIl"4He cnpoca Ha pblHKax cpaKTOpOB aT cnpoca Ha pblHKax KOH84HbiX TOBapOB " YCIlyr. "'"pMa, npeAb"BIlR" cnpoc Ha cpaKTopbl, CTaIl- K"BaeTC" C He05xOAHMOCTbfO P8W8H"" CIleAYfOll1"X 3aAa4: - OnT"MaIlbHoro C04eTSH"" cpaKTOpOB npO"3BOACTBa; - M"H"M"3a'1"" "3Aep>K8K np" Ka>KAOM 3aAaHHOM 05beMe npO"3BOACTBa; - onpeA8Il8H"" 05beMa npO"3BOACTBa, MaKC"M"3"pYfOll1erO BeIl"4"HY np"5bIIl"_ PaCCMOTp"M 60Ilee nOAP05HO, KaK"M 06pa30M pewafOTC" Ha3BaHHbie TP" 3aAa4"_ 4TO >Ke Ile>K"T B OCHOBe cnpoca CP"PMbl Ha cpaKTopbl npO"3BOACTBa " l.JeM onpeAeIlfilOTCH ero rpaHV1l.\bl? H8 nepBblVl B3rIlHA, OTBeT K8>KeTCfI 048- 230 TeopUR npoU3s00cmea U npeoenbHOO npou3sooumenbHocmu cjJaKmopoe B"AHbIM - '18Hbl HS pecypCbl. OAHaKO npO"3BOAHbl" xapaKTep cnpoca Ha q,SKTOpbl co CTOpOHbl CP"PMbl npeAonpeAeIlReT ero 3aB"C"MOCTb TaK>K8 H aT npO"3BOA"TeIlbHOCT" cpaKTopOB, " OT ypOBH" '1eH Ha npOAYK'1"fO, npO"3- BOA"MYfO C nOMOll1bfO 3T"X cpaKTopOB. npO"3BOA"TeIlbHOCTb nepeMeHHoro cpaKTopa MO>KeT "3Mep"TbC" H8 TOIlbKO B cp"3"4eCK"X, HO " B AeHe>KHbIX eA"HH'1ax. CTOHMOCTHblM nOKa3a- TeIl8M npO"3BOAHTeIlbHOCT" cpaKTopa RBIlReTC" npeAeIlbHbl npOAYKT SKTOpS B AeHeJKHOM BblpSJKeHHH, "Il" npeAeIlbHblii AOXOA OT npOAYK- TS ItCnOnb3yeMoro SKTOpS_ npeAenbHblii npOAYKT SKTOpS B AeHeJKHOM BblpSJKeHItH (MRP,) - 3TO npOH3BeAeH"e npeAeIlbHoro cp"3"4ecKoro npOAYKTa nepeMeHHoro cpaK- TOpS (L) " npeAeIlbHoro AOXOAa, nOIlY4eHHoro OT npOAS>K" OAHO" AOnOIlH"- TeIlbHO eA"H"'1bl npOAYK'1"H: MRP, = MP, x MR Q (5), rAe MRP, - np8AeIlbHbl" npoAYKT cpaKTopa L B AeH8>KHOM Bblpa>KeHH"; MP, - npeAeIlbHbl" npoAYKT cpaKTopa L B cp"3"4eCKOM Bblpa>KeH""; MR Q - npeAeIlbHbl" AOXOA OT npOAa>K" AOnOIlH"TeIlbHO" eAHH"'1bl npo- AYK'1"". TaK"M 05pa30M, np8AeIlbHbl" npoAYKT cpaKTopa B AeHe>KHOM Bblpa>Ke- H"" nOKa3blBS8T np"pOCT 051l1ero AoxoAa B pe3YIlbTaTe "CnOIlb30BaH"" ell1e O,qHO (AonOIlH"TeIlbHo,,) eAHH"'1bl nepeMeHHoro cpaKTopa L np" He"3MeH- HOM KOIl"4eCTBe Bcex OCTaIlbHblX cpaKTopOB. B YCIlOB""X cOBepweHHo" KOHKypeH'1"", KorAa CP"PMbl "BIlRfOTC" «'1e- HonoIlY4aTeIl"M"», npeAeIlbHbl" npoAYKT cpaKTopa L B AeHe>KHOM Bblpa>K8- HHH - 3TO npO"3BeAeH"e npeAeIlbHoro npoAYKTa cpaKTOps L B cp"3"4eCKOM Bblpa>KeH"" " '1eHbl eA"H"'1bl BblnycKaeMo" npoAYK'1"": MRP, = MP, x P (6), rAe P - '18Ha eA"H"'1bl BblnycKaeMo" npoAYK'1H". HanoMHHM, 4TO B yc- IlOB""X cOBepweHHo" KOHKypeH'1"" P = MR. KaK "3B8CTHO, B YCIlOB""X HecoB8pweHHo" KOHKypeH'1"" npeAeIlbHbl" AOXOA OT npOAa>K" AOnOIlH"TeIlbHO" eA"H"'1bl npoAYK'1"H 5YAeT MeHbwe, 4eM ee '1eHa. 3TO 03Ha4seT, 4TO, np" np04"X paBHblx YCIlOB""X, np8AeIlb- Hbl npoAYKT cpaKTopa B AeH8>KHOM Bblpa>KeH"" (MRPJ Y CP"PMbl-CoBep- W8HHOro KOHKypeHTa 5YAeT 50Ilbwe, 4eM Y 4"CTOro MOHOnOIl"CTa. PaCCMOTp"M C"Tya'1HfO Ha np"Mepe CP"PMbl, npO"3BOA"ll1e" KO>KSHYfO 05YBb " peaIl"3YfOll1e" ee Ha KOHKypeHTHoM pblHKe. AonYCTHM, 4TO KOIl"4e- CTBO eAHHH'1 Kan"TaIla, "CnOIlb3yeMoro cpHPMO", eCTb BeIl"4"Ha nOCTO"H- Ha", a KOIl"4eCTBO HaH"MaeMbIX pa504"X - BeIl"4HHa nepeMeHHaR. np8A- nOIlO>K"M, 4TO 04epeAHo" HaH"Tbl pa504" npO"3BOA"T 3a A8Hb TP" napbl 05YB", KOTopble MOryT 6blTb npoAaHbl no pbIH04HO" '1eHe (P), paBHo" 1 00 231 
Inasa 10 Py6. 3a nspy. B 3TOM CIlY4ae npeAeIlbHbl" npOAYKT TpYAa B AeHe>KHO" cpop- Me COCTBB"T 300 PY5.: MRP L = MP L X MR Q = MP L X P = 3 x 100 py6. = 300 py6. AaHHbie a npeAeIlbHoM npoAYKTe TpYAa Ha 05YBHO" cpa6p"Ke cOAep_ >KaTC" B Ta5Il"'1e 10.3. Ta6IlVIL.\a 10.3 npeAeIlbHblM npOAYKT TPYA3 B AeHeJKHOM ,*,opMe KOJH.1yeCTBO 06w,1t1ii1 npoAYKT npeAeI1bHbll1 npeAeI1bHbliil pa6oYIt1x TPYAa 8 cp1t13. eA. (Q) npoAYKT rpYA8 npOAYKT TPYA8 8 cp1t13. eA. (MPJ 8 AeH. eA. (MP L x P) 1 4 4 400 2 9 5 500 3 13 4 400 4 16 3 300 5 18 2 200 6 19 1 100 AIl" TOro, 4T06bl onpeAeIl"Tb, KaKoe KOIl"4eCTBO pa504"X cIleAyeT HS- H"Tb cp"pMe, He05xOA"MO 3HaTb '1eHY 3TOro pecypca " CpaBH"Tb, Ha CKOIlb- KO YBeIl"4HTC" AOXOA H "3,Qep>KK" CP"PMbl OT "CnOIlb30BaH"" OAHO" Aonon- H"TeIlbHO" eA"H"'1bl pecypca. 3STpSTbl ,*,HPMbl HS npHo5peTeHHe K3>K- AOM AonOIlHHTeIlbHOM eAHHHl\bl ,*,aKTopa npHH"TO Ha3blBSTb npeAeIlb- HblMH H3AepJKKSMH pecypca (MRC). ECIlH cp"pMa nOKynaeT pecypCbl Ha 4"CTO KOHKypeHTHblX pblHKaX, TO npeAeIlbHble "3Aep>KK" Ha "X np"05peTe- H"e 5YAYT paBHbl "X '1eHaM. B HaWeM np"Mepe MRC paBHbl AHeBHO" CTSS- Ke 3apa50THO" nIlaTbl, T. e. MRC = w. AonYCT"M, 4TO AHeBHa" CTaBKa 3a- pa50THO" nIlaTbl pa504ero COCTaBIl"eT 300 py5. KaKOe >Ke KOIl"4eCTBO pS- 504"X cIleAyeT HaH"Tb cp"pMe? BepHeMC" K AaHHblM Ta6Il"'1bl 10.3. 04e- B"AHO, 4TO cp"pMa Ha"MeT 4eTbipex pa504"X. HaH"MaTb n"TOro pa504ero HeBblr0AHO: npeAeIlbHbl" npOAYKT B AeHe>KHO" cpopMe COCTaBIl"eT 200 py5., a npeAeIlbHble "3Aep>KK", CB"3aHHble C HS"MOM n"TOro pa504ero - 300 py6. 3TO 03Hs4aeT, 4TO cp"pMa B AaHHOM cIlY4ae nOHeceT y5b1TK" B pa3Mepe 100 py5. (300-200). ECIl" cp"pMa Ha"MeT Tpex 4eIlOBeK, TO Mbl 05HapY>K"M, 4TO npeAeIlbHbl" npOAYKT B AeHe>KHO" cpopMe TpeTbero pa504ero paBeH 400 py5., a ero 3apa50THa" nIlaTa - 300 py5. II1cnoIlb30BaHHe TpeTbero ps50- 4ero AacT cp"pMe np"pOCT 05beMa np"5bIIl", paBHbl" 1 00 py5. CIleAoBa- TeIlbHo, AIl" YBeIl"4eH"" np"5bIIl" e" cIleAyeT HaH"Tb 4eTBepToro pa504e- ro: npeAeIlbHbl" npoAYKT B AeHe>KHO" cpopMe 4eTBepToro pa504ero, paBHbl" 300 py5., B T04HOCT" cOOTBeTCTByeT BeIl"4"He ero 3apa60THo" nIlaTbl. 232 TeopUR npOU3BOaCmSa U npeaenbHOU npou3sooumenbHocmu cjJaKmopoB Tenepb Mbl MO>KeM CCPOPMYIl"pOBaTb npSBHIlo MaKCHMH3a'1HH npH5bl- IlH AIl" ,*,HPMbl, npeA'b"BIl"lOll1eM cnpoc Ha OAHH nepeMeHHblM ,*,aK- TOP. 3aMeT"M, 4TO AaHHoe npaB"IlO "AeHT"4HO npaB"IlY onpeAeIleH"" 05beMa npO"3BOACTBa CPHPMbl, MaKC"M"3"PYfOll1e" np"5bIIlb, np" KOTO- pOM MR = MC: ,*,HPM3, MaKCHMH3HPYIOI1\S" npH5blIlb, AOIlJKHS HC- nonb30BSTb TSKOe KOIlH4eCTBO nepeMeHHoro ,*,SKTopa, npH KOTOpOM ero npeAeIlbHb.M npOAYKT B AeHeJKHOM ,*,opMe 5YAeT pSBeH ero npe- AenbHblM H3AepJKKSM. 3TO npaB"IlO MO>KeT 5blTb 3an"CaHO B B"Ae CIleAY- fOllIe" CPOPMYIlbr: MRP L = MRC L (7) AIlR YCIlOB"" cOBepweHHo" KOHKypeH'1"" npaB"IlO np"MeT CIleAYfO- Ill"" B"A: MRP L = W , TBK KaK MRC L = W (8) ECIlH npeAeIlbHbl" npoAYKT cpaKTopa B AeHe>KHO" cpopMe npeBblwaeT npeAeIlbHble "3Aep>KK" Ha ero np"05peTeH"e, TO cp"pMe, C '1eIlbfO MaKC"- M3au, npL-16bIJlH, cIleAyeT YBem-1YHTb KOIlL-1yeCTBO L-1CnOIlb3yeMoro nepe- MeHHoro cpaKTOpa. 111 Ha050pOT, eCIl" npeAeIlbHble "3Aep>KK" Ha np"05pe- TeH"e cpaKTopa 50Ilbwe, 4eM ero npeAeIlbHbl" npOAYKT B AeHe>KHO" cpop- Me, AIlH MaKC"M"3a'1"" np"5bIIl" cp"pMe cIleAyeT YMeHbW"Tb KOIl"4eCTBO AaHHoro cpaKTopa. 111 TOIlbKO TorAa, KorAa AocmraeTC" paBeHCTBO npeAeIlb- Hare npOAYKTa cpaKTopa B AeHe>KHO" cpopMe " ero npeAeIlbHblX "3Aep>KeK ('1eHbl cpaKTopa - AIl" 4"CTO KOHKypeHTHoro pbIHKa), cp"pMa HaxoAHTc" B COCTOHHHH paBHOBeCL-1H, 1. e. nOIlyya8T M8KCL-1M8IlbHYIO npL-16bIIlb. PaCCMOTp"M C"Tya'1"fO paBHOBeC"" CP"PMbl, npeAb"BIlRfOll1e" cnpoc Ha OA"H nepeMeHHbl" cpaKTop, Hanp"Mep, TPYA, np" ycnOB"", 4TO " TOBapHbl" pbIHOK, H pblHOK TpYAa "BIl"fOTC" 4"CTO KOHKypeHTHbIM", T. e. CP"PMS H Ha TOM,  Ha APyroM pblHKax HBIlH8TCH «u,8HonOIlY48T8IleM». fp8cpL-148CKIt1 AaH- HaR C"Tya'1"" H305pa>KeHa Ha P"c. 10.3. Kp"Ba" cnpoca CP"PMbl Ha OA"H nepeMeHHbl" cpaKTop (0) COBnaAaeT C KP"BO" ero npeAeIlbHoro npoAYKTa B AeHe>KHO" cpopMe (MRPJ, TaK KaK mo6aH TOYK8 H8 A8HH0ll1 KpL-1BOVl nOK83blB8eT YHCIlO 3aHHTbIX, HcnoIlb3yeMbix c\JpMO" np" KS>KAOM 3aAaHHOM ypoBHe CTaBK" 3apa50THo" nIlSTbl (w). OT- p"'1aTeIlbHbl" HaKIlOH KP"BO" MRP L CB"3aH C Ae"CTB"eM 3SKOHa y5blBafO- ll1e" npeAeIlbHo" npO"3BOA"TeIlbHOcm cpaKTopa, a ee paCnOIlO>KeH"e on- peAeIl"eTC" ypoBHeM npeAeIlbHo" npO"3BOA"TeIlbHOCT" cpaKTopa (MPJ " '1eHo" npO"3BeAeHHoro npoAYKTa (P). T04Ka E - 3TO T04Ka paBHOBeC"" c\J"PMbl Ha pblHKe cpaKTopa, TS' KaK "MeHHO 3AeCb MRP L = wE' 3TO 03Ha4S- eT, 4TO np" 3aAaHHOM pblHKOM ypOBHe 3apa60THO" nIlaTbl (WE)' cp"pMe CIle- AyeT HaH"Tb 4"CIlO pa504"X, paBHoe L E . ipacp"K nOKS3bIBaeT, 4TO eCIl" MRP L > WE' TO cp"pMe cIleAyeT YBeIl"4"Tb 4"CIlO "CnOIlb3yeMblx pa504"X, a 233 
Inasa 10 U:eua <paKTOpa (W) WE o Puc. 10.3. 4: qUCJIO pa60"IHX (L) CumyaLCuR paSHoseCUR cPUPMbl Ha "Iucmo KOHKypeHmHoM pblHKe nepeMeHHoao q,aKmopa (mpyda) eCIl" MRP L < WE - cOKpamTb "X 4"CIleHHOCTb. 111 TOIlbKO Kor A a MRP = W m ' L E' ","pMa, npAbHBIl"fOll1a" cnpoc Ha OA"H nepeMeHHbl" cpaKTOp, 05eCne4"T on- TVlMaIlbHblVl ypoBeHb 3aHHTOCT!.1 Ha CBoeM npeAnp.fITIr1H. A Tenepb YCIlO>KH"M Hawy 3aAa4Y " paCCMOTp"M C"Tya'1"fO, KorAa CP"P_ Ma npeAb"BIl"eT cnpoc Ha ABa nepeMeHHblx cpaKTopa.  4. 83al1M03aMeHSIeMOCTb peCYPCOB, npeAeI1bHaSi HopMa TeXH0I10rl1'-IeCKOrO 3aMelLleHI1S1 KOH'1 enT yaIlbHo HeOKIlaCC"4eCKa" TeOp"" npO"3BOACTBa, KOTOpyfO Mbl "CCIleAyeM B HaCTO"l11e" rnaBe, 6a3"pyeTc" Ha nOIlO>KeH"" 0 B3a"M03aMeH"eMOCT" cpSKTOpOB npO"3BOACTBa. npO"3BOACTBeHHa" CPYHK'1"'" npeACTaBIleHHa" B Ta5Il"'1e 10.1, nOKa3bl- BaeT, 4TO OA"H " TOT >Ke 05beM BblnYCKa npOAYK'1"H MO>KeT 5blTb AOCT"rHYT np" PS3Il"4HbIX C04eTaH"HX cpaKTOpoB. AIl" CP"PMbl, CTpeM"ll1e"c" K MaK- C"M"3a'1"" np"5bIIlH, Ha"IlY4we" KOM6"Ha'1He cpaKTOpOB OKa>KeTCR Ta, KOTopa" 06ecne4BaeT Ha"MeHbWHe "3Aep>KK". CIleAoBaTeIlbHo, 3aAa4a CP"PMbl CBOA"TC" K TOMY, 4T05bl 06ecne4HTb M"H"MH3a'1"fO "3Aep>KeK np" Ka>KAOM 3aAaHHOM 05beMe npO"3BOACTBa. .QIlfi BbIHBIleHH Bcex B03MO>KHbJX KOM- 5"Ha'1"" cpaKTOpoB np" BbrnYCKe 3aAaHHO- ro 05beMa npOAYK'1H" B 3KOHOM"4eCKO" TeopHV1 HCnOJlb3yerc.fI nOHflTe H30KBaH- Tbl. 1 GIlOBO H30KB8HT8 npOL-1CXOAHT OT Jla- 1 CpaSHIr1Te 10130KBaHTbl, 10111101 Kplo1- Bble 6e3pa3JlIo1YIo1s:1 np0Io13BO,lJ,CTSa, C Y>Ke 1013BeCTHblMItI BaM Kpl'1BblMI'1 6e3- pa3JlW.II'1s:1 B TeOplo1L-1 nOTpe61i1TeJlbC- KOro Bbl60pa (rn. 5,  9). 234 TeopUR npou3soocmea U npeoenbHo() npou3sooumenbHocmu rjJaKmopos n1HCKoro iso - paBHblL4 !.1 quant - KOIlH48CTBO, T. e. paBHoe KOIlH48CTBO. 1'!30KBSHTS npeACTaBIl"eT c050 KPHBYOO, Iloo5SJI T04KS Ha KOTOpO no- KS3blBseT pa3IlH4Hble KOM5HHS'1HH ABYX nepeMeHHblX <paKTOpOB, 05ec- ne4HBSOOll1He OAHH H TOT >Ke 05...eM BblnYCKa npOAYK'1HH. Bce KOM6"Ha- UViVI cp8KTOpOB np0L-13BOACTBa, npeACT8BIl8HHbl8 H8 Vl30KBaHTe, HBIlHIOTCH TeXHOIlor"4eCK" 3cpcpeKTHBHbIM". HSnp"Mep, C04eTaH"e 3 eA. cpaKTOpa K H 4 eA. cpaKTopa L MO>KeT 05eCne4"Tb BblnycK npoAYK'1"", paBHbl 67 eA. (CM. Ta6Il"'1Y 10.1). OAHaKo, eCIl" "CnOIlb3yeTc" MeHee npO"3BOAHTeIlbHa" reXHOIlOrVl.fl, TO BbiweYK838HHoe COl.JeT8HHe ABYX cp8KTOpOB AacT 06b8M npO"3BOACTBa, paBHbl", Hanp"Mep, 63 eA. 3TO 03Ha4aeT, 4TO pecypcbl "C- nOIlb3YfOTC" He3cpcpeKT"BHO, n03ToMY Ha "30KBaHTe C 05beMoM, paBHoM 63 eA., He 5YAeT npeACTaBIleHa paCCMOTpeHHS" Bblwe KOM5"Ha'1"" cpaKTopoB (3 eA. K" 4 eA. L). BepHeMcR K AaHHblM Ta5Il"'1bl 10.1, KOTopble nOKa3blBafOT, 4TO BbrnycK npoAYK'1"", paBHbl" 90 eA., MO>KeT 5blTb nOIlY4eH np" cIleAYfOll1"X KOM5"- Ha'1""X cpaKTopOB: . 3 eA. L " 8 eA. K; . 4 eA. L " 6 eA. K; . 6 eA. L " 4 eA. K; . 8 eA. L " 3 eA. K. Bce KOM5"Ha'1"" 6YAYT HaXOA"TbC" Ha "30KBaHTe C 05beMoM B 90 eA. Apyr"e KOM5"HS'1"" ABYX cpaKTOpOB (6 eA. L " 8 eA. K; 7 eA. L " 7 eA. K; 10 eA. L " 6 eA. K) AafOT BblnycK npoAYK'1"", paBHbl" 116 eA., " 5YAYT Ha- XOA"TbCR Ha "30KBaHTe C COOTBeTCTBYfOll1"M 05beMoM BblnycKa. 1I1305pa3"B HeCKOIlbKO "30KBaHT, Mbl nOIlY4"M KapTY "30KBaHT (CM. P"C. 10.4). 1I130KBaHTbi 05IlaAafOT cIleAYfOll1"M" CBo"CTBaM": - "30KBaHTbl H"KOrAa He nepeceKafOTC" B C"IlY Ae"CTB"" np"H'1"na TpaH- 3\.1TV1BHOCTH. 1 K8>K,Q0L4 L-130KB8HTe COOTB8TcTByeT onpeAeIl8HHblL4 06b8M Bblnyc- K8 npOAYKu,!.1H, np!.1yeM, 48M A8Ilbwe 1t130KBaHTa OTCTOVIT OT H848Il8 KOOPAL-1- HaT, TeM 60JlbWHL4 06beM BbtnYCK8 068Cn8YL-1B8eTCH; - H30KB8HTbi iIIMelOT OTpL-1l\aT8IlbHbICi H8KIlOH. 3TO 06bHCHHeTCH T8M, 4TO AIl" cOXpSHeH"" He"3MeHHbIM 05beMa BbrnycKs npoAYK'1"H np" YMeHbweHHH "CnOIlb30BaH"" OAHOro cpaKTopa He05xOA"MO YBeIl"4"Tb np"MeHeH"e APyroro cpaKTopa; - H30KBaHTbi CT8HOBHTCH 60Ilee nOIlO- r"M" no Mepe npOAB">KeH"" cBepxy BH"3 BAonb HHX. 3TO CBH3aHO C TeM, 4TO B Bepx- Het1 48CTL-1 H30KBaHTbl, K8K BL-1AHO H8 pa.1c. 10.4, AIlR BbrnycKa 3aAaHHoro 05beMa npo- AYK'1"" "CnOIlb3yeTc" 50Ilbwoe KOIl"4eCTBO KanVlT8na L-1 He3Hal.JL-1TeIlbH08 KOIlV14eCTBO TPYAa. np" AB">KeH"" BH"3 BAOIlb "30KBaH- Tbl Tpe6yeTc" Bce 60Ilbwe eA"H"'1 TpYAa 1 TpaH3L-1TIiIBHOCTb 03Ha'-iaeT CJle,lJ,YIOLlIee: eCJlIo1 KaKas:l-TO aJlb- TepHaTIiIBa A npe,lJ,nOYTIiITeJlbHee, .....eM aJlbTepHaTlo1sa 5, a aJlbTepHa Tlo1sa 5 npe,lJ,nO'-iTeTeJlbHee C, TO aJlbTepHaTliIsa A npe,lJ,nO'-iTIo1TeJlb- Hee C. (8 HaweM cJlY'-iae aJlbTep- HaTIo1Sbl - aTO 10130KsaHTbl). 235 
inaea 10 K Q-125 Q-116 Q-90 o L Puc. 10.4. Kapma U30KsaHm AIls:! 38Me8HIt1H K8>K,QoCi eAHHIt1l!bl K8nL-1T8Ila, BCIl8ACTBIt18 n8A8HIt1H np8- A8IlbH0L4 npoH3BOAHT8IlbHOCTH TPYA8 no M8pe H8P8Ll.\HB8HIt1s:! ero KOIlIt148- CTBa. 3THM 06bflCHH8TCH BbInYKIl8f1 no OTHOW8HIt11O K H8yaIlY KOOPAIt1H8T cpopMa "30KBaHT. C nOMOLl.\blO H8KJlOH8 1t130KB8HT MO>KHO onp8A8Illt1Tb CT8neHb 38M8w,eHHH OAHOro cpaKTopa npO"3BOACTBa APyr"M. Hanp"Mep, cp"pMa npO"3BOA"T npoAYK'1"fO C "CnOIlb30BaH"eM ABYX nepeMeHHblx cpaKTOpOB: Kan"TaIla (K) " TpYAa (L). Ha4HeM AB"raTbC" BH"3 no "30KBaHTe C 05beMoM BblnYCKa npOAYK'1"", pSBHblM 116 eA. (CM. P"C. 10.4), COKpall1a" KOIl"4eCTBO np"Me- HH8MOro Kanlt1T8n8. AIlH TOro 4T06bl OCTaTbCH H8 3TOIII L130KB8HTe, T. 8. 05eCne4"Tb TOT >Ke 05beM npO"3BOACTBa, cp"pMe nOTpe6yeTc" YBeIl"4"Tb KOIlItfl.J8CTBO npItfM8Hs:l8MOro Tpy,qa. OTHoweHlile H3MeHeHHfI B KOl1Hl.JeCTBe OAHoro <l>aKTops K H3MeHeHHIO B KOIlH4ecTBe APyroro <l>aKTops npH CO- xpaHeHIiIH Helil3MeHHbiM 06'beMa npOIil3BO.QCTBa Ha3blBaeTcfI npe.Qel1b- Hoii HOpMO" TeXHOIlorH4eCKoro 3SMell1eHHR (MRTS): MRTS KL = b.K/M (9) B HaweM np"Mepe MRTS npeACTaBIl"eT c060" nponOp'1"fO 3aMell1eH"" K8nHTaIl8 TPYAOM npltt YCIlOBL-1H, l.JTO Mbl OCTa8MCH Ha TOIII >Ke caMOIII !.130- KBaHTe C 05beMOM B 116 eA. KaK H3B8CTHO, H8KIlOH KpL-1BOVl B Ka>KAolII TOYK8 onp8A8IlH8TCs:! HaKIlOHOM K8c8T8nbHoIII B A8HHOIII TOYK8, KOTOpbllll, B CBOIO 048peAb, paB8H OTHOW8HL-11O BeIlHY!.1Hbl 1tt3M8H8HHH cpaKTopa K K BeIlL-1YJ.1H8 H3M8H8HL-1H cpaKTOp8 L (b.Klb.L). 3TO 03Ha4aeT, 4TO HaKIlOH "30KBaHTbl paBeH npeAeIlbHo" HopMe T8XHOIlOrHY8CKOro 3aMeLl.\8H!.1H. B CL-1IlY TOro, 4TO 1tt30KB8HT8 !.1M88T oTpHu,a- TeIlbHbl" HaKIloH, MRTS K B Ilf060" T04Ke 5YAeT paBHa HaKIlOHY KacaTeIlb- _ _ L HOVI B A8HHOH TOl.JKe, YMHO>KeHHOCi Ha -1, 1. 8. MRTS KL = b.K/M x (-1) (10) 236 TeopUR npou3eoocmea u npeoenbHoi1 npou3sooumenbHocmu cpaKmopos ECJ1H Bbl xopowo YCBm1IlL-1 KaTeropHIO np8,Q8IlbHol71 HOpMbl 38M88HIttH MRS (rn. 5,  9) , TO nOH"T"e MRTS He nOKa>KeTC" BaM CIl"WKOM CIlO>KHbIM. npeA8IlbH8H HOpM8 TeXHOIlOrltf48CKoro 3aM8Ll.\8H!.1H H8nocp8ACTBeHHO CB"3aHa C npeAeIlbHblM" npOAYKTaM" cpaKTopOB npO"3BOACTBa. COKpall1S" KOIl"4eCTBO OAHOro "3 cpaKTOpOB, HSnp"Mep Kan"TaIlS (b.K), cp"pMa TeM caMblM YMeHbwaeT 05beM BblnYCKa npOAYK'1"" Ha onpeAeIleHHYfO BeIl"4"- H 3Ta BeIlH4"Ha paBHa npO"3BeAeH"fO npeAeIlbHoro npOAYKTa Kan"TaIla (MP K ) " "3MeHeH"" B ero KOIl"4eCTBe (b.K): b.Q = MP K X (-b.K) (11), rAe b.Q - "3MeHeH"e B 05beMe BblnycKa npoAYK'1""; MP K - npeAeIlbHbl" npoAYKT Kan"TaIla; I1K - L-13M8H8HH8 KOIl\ll4eCTBa npL-1M8HHeMoro K8nL-1T8Il8. AIls:! TOro, 4T06bl OCTaTbCH H8 TOL4 >K8 !.130KB8HTe, COKpa8Hlo1e 06b8Ma npOltl3BOACTB8 AOIl>KHO 6blTb KOMn8HCHpOB8HO YB8Il!.1YeH!.18M KOIlH4eCTB8 np"MeH"eMoro TPYAa (b.L), T. e. b.Q = MPLx M (12), rAe MP L - npeAeIlbHbl" npoAYKT TpYAa; I1L - 1tt3M8H8HIt18 KOIlL-1Y8CTB8 nplt1M8HH8Moro TPYA8. 3TO 03Ha4aeT, 4TO a5coIlfOTHoe 3Ha4eH"e b.Q B ypsBHeH""X (11)" (12) AOIl>KHO 6blTb OA!.1HaKOBbIM. CIle,QoB8T8IlbHO, MO>KHO 3am1caTb: MP K x (-b.K) = MP L x M OTcfOAa cIleAyeT, 4TO MRTS KL = -tJ( Ib.L = MP L IMP K = HaKIloHY "30KBaHTbl (14) (13) K8K BV1AHO H3 pHC. 10.4, V130KBaHTbl HM810T BblnYKIlYIO no OTHOW8HHIO K Ha4aIlY KOOPA"HaT CPOPMY. 3TO CB"3aHO C TeM, 4TO no Mepe AB">KeH"" BH"3 no "30KBaHTe MRTS KL YMeHbwaeTc". 06b"cH"eTc" 3TOT cpSKT cIleAYfOll1"M 05pa30M: no Mepe YBeIl"4eH"" KOIl"4eCTBa cpaKTOpa L ero npeAeIlbHbl" npo- AYKT YMeHbwaeTc" OTHOC"TeIlbHO npeAeIlbHoro npoAYKTa cpaKTopa K CooTBeT- cTBeHHo, COKpall1eH"e np"MeH"eMoro cpaKTopa K BeAeT K POCTY ero npe- AeIlbHoro npoAYKTa. 3TO 03Hs4aeT, 4TO 3HaMeHaTeIlb B ypaBHeH"" (14) 5y- AeT paCT", a 4HCIl"TeIlb 5YAeT YMeHbwaTbC". CIleAOBaTeIlbHO, MRTS KL 6y- AeT CHL-1>K8TbCH. 11130KB8HTbi MorYT V1M8Tb pa3Il\.14Hb1Vl BHA B 38B!.1C\.1MOCTH OT CTeneHL-1 B3a"M03aMeH"eMocm pecypCOB. PSCCMOTP"M TP" CIlY4a". 111 BHOBb HaM no- MO>K8T aHaIlorHH C B3aYlM038MeHH8MOCTblO TOB8pOB np\.1 aHaIlH3e pa3Il1t14- HO" KOHcp"rypa'1"" KP"BbIX 6e3pa3Il"4H" (rn. 5,  9). PecYPcbl MOryT 06IlaAaTb a5coIllOTHOii B3aHM03aMeHReMOCTblO. 3TO 237 
InaBa 10 He<lm> KOJIHqecmo aBTOM06H.JIeH Q o o KOJIHQeCCBO BOAHTeJIen ra3 a) 6) KOJIH-qeCTBO CTaHKOB  Q, o KOJIH1lecTBO pa60<rnx B) Puc. 10.5. Budbl U30KsaHm 03Ha4aeT, 4TO 3aAaHHbl" 06beM BbrnYCKa npOAYK'1"" MO>KeT 5blTb 06eCne4eH KaK nYTeM "CnOIlb30BaH"" KaKOrO-Il"50 OAHOrO "3 ABYX nepeMeHHblX peCypCOB, TaK " nyreM "X KOM5"Ha'1"". B 3TOM CIlY4ae "30KBaHTa 6YAeT "MeTb B"A np"- MO" Il"H"" (CM. P"C. 10.5a), a MRTS 5YAeT nOCTO"HHO" BeIl"4HHO". Hanp"- Mep, HecpTb " ra3, KaK cblpbe AIl" nOIlY4eH"" 3Hepr"H, "BIl"fOTC" a6coIlfOTHO B38L-1M038M8HfleMbIMVI. BTOpO" cIlY4a" - pecypcbl 05IlaAafOT CBO"CTBOM a5coIlloTHOii KOM- nIleMeHTspHoCTH. 3TO 03Ha4aeT, 4TO ABa nepeMeHHblX pecypca, "CnOIlb- 3yeMbix AIl" npO"3BOACTBa AaHHoro BHAa npoAYK'1"", HMefOT OAHY onpeAe- IleHHYfO npOnOp'1"fO. II1Ha4e roBOP" , 3aAaHHa" npO"3BOACTBeHHa" CPYHK'1H" npeAnoIlaraeT HaIl"4"e eouHcmeeHHo e03MOJKHOii KOM6uHaL<UU pecypcoe. B 3TOM cIlY4ae MRTS 5YAeT paBHa 0, a "30KBaHTa 5YAeT "MeTb B"A np"Moro yrna, KaK 3TO "305pa>KeHO Ha P"c. 10.55. 05"3aTeIlbHb1M YCIlOB"eM nepe- XOAa Ha 50Ilee BblCOKYfO "30KBaHTY TaKoro B"Aa "BIl"eTC" c05IlfOAeH"e 3a- AaHHo" nponOp'1"OHaIlbHOCT" B "CnOIlb30BaH"" pecypcoB. ECIl" 5YAeT YBe- Il"4eHO KOIl"4eCTBO OAHOro pecypca 5e3 cOOTBeTCTBYfOll1ero "3MeHeH"" B 238 TeopUR npou3Boocmea u npeoenbHoD npoU3BooumenbHocmu cpaKmopoe KOIl"4eCTBe APyroro, TO nepe"T" Ha APyryfO "30KBaHTY He npeACTaBIl"eTC" B03MO>KHbIM. B KaljeCTBe nplt1Mep8 TaKOIl1 npOH3BOACTB8HH0L4 CL-1CT8Mbl MO>K- HO np"BeCT" ccpepy TpaHcnopTHblX YCIlYr. AIl" 05eCne4eH"" paCTa 05beMa YCIlyr He05xOA"MO YBeIl"4eH"e B nponop'1"" OA"H K OAHOMY KaK aBTOMO- 5"IlbHoro napKa, TaK " 4"CIleHHOCTH BOA"TeIle" np" YCIlOB"" OAHOCMeHHO- ro pe>K"Ma pa50Tbi. Ell1e 50Ilee npOCTO" np"Mep: AIl" y60PK" YIl " '1bl CP"P- M8 no npeAocTaBIleHV11O >KHIlHHO-KOMMYH8IlbHbIX YCIlyr MO>KeT HaHflTb 1 ABopH"Ka, cHa5A"B ero OAHO" MeTIlO". C04eTaH"e 20 ABOPH"KOB " 1 MeT- nbl 3KOHOMl1l.J8CKV1 6eccMblcIl8HHO, T8K >Ke, KaK V1 COyeT8HH8 1 ,QBopHL-1Ka !.1 20 MeTeIl. nepexoA Ha 50Ilee BblCOKYfO "30KBaHTY B AaHHOM cIlY4ae OCTSB- Il"eT He"3MeHHOii npOnOp'1"fO 1: 1, Hanp"Mep, 3 ABOpH"Ka " 3 MeTIlbl. 111, HaKOHe'1, Tpem" cIlY4a" (P"c. 10.5B) - "30KBaHTbl, OTpa>KafOl11"e 4S- CTH4HYlO B3aHM03aMeH"eMOCTb pecypcoB. B 3TOM cIlY4ae npO"3BOACTBO np0.QYKlJ,It1V1 MO>K8T OCYLl.\8CTBIlHTbCH C 06f13aTeIlbHb1M L-1CnOIlb30B8HIr18M ABYX nepeMeHHblx pecypCOB, Hanp"Mep, TPYAa " Kan"TSIla. OAHaKo "X KOM5"Ha- 1..\.V1V1 MorYT 6blTb CaMblMIt1 p83JlL-14HbIM\.1 B COOTBeTCTBHH C 3aAaHHoVl npoH3- BOAcTBeHHo" CPYHK'1He". AaHHa" cpopMa "30KBaHT BCTpe4aeTc" 4all1e Bce- ro, H ee np"H"TO C4"TaTb cTaHAapTHo".  5. npaBIIII10 MIIIHIIIMIII3aLlIIIIII 1113AepJKeK III YCI10Blllfi MaKCIIIMIII3aLlIIIIII nplll6blI1111 "'"pMa, OCYll1eCTBIl"fOll1a" CBOfO AeTeIlbHOCTb C "CnOIlb30- BaH"eM ABYX nepeMeHHblX 4aCT"4HO B3a"M03aMeHeMbIX cpaKTOpOB, CTaIl- KHBaeTC" C np06IleMO" OnT"MaIlbHoro Bbl50pa KOM5"Ha'1"" pecypCOB np" Ka>KAOM 3aAaHHOM 05beMe BblnYCKa npOAYK'1"". 04eB"AHO, 4TO cp"pMa, MaKC"M"3"PYfOll1a" np"5bIIlb, 5YAeT CTpeM"TbC" Bbl5paTb TaKoe C04eTa- H"e pecypCOB, KOTopoe OKa>KeTC" caMblM AeweBblM. TaK"M 05pa30M, 3a- Aa4a CBOAHTC" K TOMY, 4T05bl M"H"M"3"pOBaTb "3Aep>KK" CP"PMbl AIl" K8>Kp,Oro 3aA8HHoro 06b8Ma np0!.13BOAcTBa. .o.IlH peweHHfI nocT8BIleHHoC1 3a.QaljH He06xoAVIMO BBeCTH nOHHn18 H30- KOCTbl. H30KOCTS RBIleTC" oAHoBpeMeHHo H nHHHeii paBHblx H3Aep- >KeK, H IlHHHeii 51OAJI(eTHOrO orpsHH4eHHR cjIHpMbl. 1I130KocTa CTPO"TC" cIleAYfOll1HM 06pa30M. AonycT"M, 4TO 5fOA>KeT CP"PMbl AIl" 3aKynK" cpaKTOpOB, Hanp"Mep, Kan"TaIla " TPYAa, COCTaBIl"- eT 1000 PY5. l\eHs 1 eA. Kan"TaIla paBHa 500 py6., a 1 eA. TpYAa - 250 PY5. ECIlH B paMKax 3aAaHHoro 5fOA>KeTa cp"pMa 3aTpaT"T AeHbr" Ha nOKynKY TOIlbKO OAHOro "3 ABYX cpaKTOpOB, TO OHa CMO>KeT Kyn"Tb Il"60 2 eA. Kan"TaIla, Il"50 4 eA. TPYAS. OTMeT"M Ha rpacp"Ke T04K", COOTBeT- CTBYfOl11"e 3TO" KOM5"Ha'1"" cpaKTopoB (CM. P"c. 10.6a). COeA"H"B 3T" T04- K", Mbl nOIlY4"M "30KOCTY. 239 
InaBa 10 K K 4 3 2 'h <SO " "J'o <<>'" ',p 1 + "'00 ..,.. :t; i. vO 00 -'>i PJ'o """:., . 4 012345678 a) o 5) 1 2 3 1. L PUG. 10.6. H30Kocmbl Il1068H TOYK8 Ha L-130KOCT8 nOKa3blB88T TaK08 COyeT8H\.18 ABYX cp8KTOpOB, np" KOTOpOM cOBoKynHble paCXOAbl Ha "X np"05peTeH"e 5YAYT paBHbl. 1I130Ko- CTbl, "306pa>KeHHble Ha p"c.10.6, On"CbIBafOTC" cIleAYfOll1"M ypaBHeH"eM: B=PKxK+PLxL (15), rAe B - 6fOA>KeT CP"PMbl, npeAHa3Ha4eHHbl" AIl" 3aKynK" cpaKTOpoB; PK l...\eHa eAV1HVll...\bl K8nHT8Jla; K - KOIlVll.JeCTBO KanL-1TaIl8; P L - '1eHS eA"H"'1bl TpYAa; L - KOIlH4eCTBO TpYAa. H8KIloH H30KOCTbi paB8H OTHOW8HlllIO l...\eH V1cnoIlb3Y8MblX cpaKTopoB YMHO>KeHHoMY Ha (-1), TaK KaK "30KOCTa "MeeT OTp"'1aTeIlbHbl" HaKIlOH. II1Ha4e roBOP", eCIl" cp"pMa YBeIl"4"BaeT KOIl"4eCTBO OAHOro cpaKTOps, TO OHa AOIl}f(H8 COOTB8TCTB8HHO COKpaTL-1Tb HcnoIlb30BaHL-18 APYroro, YTO- 6bl COXpaHL-1Tb H8V13M8HHbIMH cOBoKynHbl8 P8CXOAbi Ha npVlo6p8T8HL-1e cpaKTOpOB, T. e. P L x Jl,L = -(P K X Jl,K). OTCfOAa cIleAyeT, 4TO - Jl,K1M = P L IP K (16) nf050e "3MeHeH"e '1eHbl Ha OA"H "3 ABYX "CnOIlb3yeMblx peCYPCOB BeA8T K H3MeH8H!.11O H8KIlOH8 V130KOCTbl. B H8W8M np!.1M8p8 HaKIlOH 1t130KOC- Tbl paBeH -0,5: PLIP k = 250/500 X (-1) = -0,5. npeAnOIlO>K"M, 4TO '1eHa 1 eA. TpYAa B03pocIla AO 400 PY5., a '1eHa 1 eA. Kan"TaIla He "3MeHHIlaCb. B 3TOM CIlY4ae HaKIlOH "30KOCTbl 5YAeT paBeH -0,8. KaK B"AHO "3 p"c.10.65, "30KOCTa, OTpa>KafOll1a" HOBoe COOTHOWeH"e '1eH Ha "CnOIlb3ye- Mble pecypCbl, "MeeT 50Ilee KPYTO" B"A. B TOM CIlY4ae, KorAa "3MeH"eTC" 3aAaHHa" BeIl"4"Ha 5fOA>KeTa CP"PMbl, np8AHa3H8yeHHoro Ha nOKynKY P8CypCOB, L-130KOCTbl CABHralOTCH BIleBO MIlL-1 BnpaBO B 38SMCVlMOCTL1 OT TOro, YMeHbWHn8Cb V1IlH B03pocna cYMMa 610,[\- >KeTa (CM. P"C. 10.6a). 240 TeopUR npou3BoCJcmsa U npeCJenbHou npou3soCJumenbHocmu cPaKmopoe K PUG. 10.7. o L MUHuMu3ar.cuR u3depJKeK dnR KaJKdoao 3adaHHoao 06"beMa npou3sodcmsa AIlR OTBeTa Ha nocTaBIleHHbl" Bblwe Bonpoc, KaKoe C04eraH"e cpaKTo- pOB AJlfl Ka>KAoro 3a,q8HHoro 06b8M8 BblnYCK8 flBIlHeTCH C8MbiM AeweBblM, H806xOAV1MO COBM8CTHTb KapTY H30KBaHT C !.130KOCT8ML-1. T04KL-1 K8C8HVlH !.130- KOCT C Vl30KBaHTaMH nOKa>KYT onTHM8IlbH08, C TOl.JKH 3p8H!.1H 38TP8T, C04e- TaH"e cpaKTOpOB AIl" Ka>KAoro 3aAaHHoro 05beMa BblnycKa npoAYK'1"" (CM. P"C 10.7). KOM5"Ha'1"" cpaKTOpOB B T04Ke A 05eCne4"T Ha"MeHbW"e "3Aep>KK" np" 06beMe BbrnycKa npoAYK'1"", paBHoM 0,; B T04Ke 8 - 05beMe, paB- HOM 0,; B T04Ke C - 05beMe, paBHOM 03' Bce APyr"e B03MO>KHble KOM- 5"Ha'1"" cpaKTOpOB, np"HSAIle>Kall1"e "30KBaHTaM C 05beMoM npO"3BOA- CTBa COOTBeTCTBeHHO Q1' Q2' Q3' Il8>K8T H8 60.nee BblCOKIIIX Il\.1HL1s:1X 610,0.- >KeTHoro OrpaH"4eH"". COeA"H"B T04K" A, 8, C, Mbl nOIlY4"M KP"BYfO, nOKa3blBafOll1YfO OnT"MaIlbHble KOM5"Ha'1"" pecypcoB np" CYl11eCTBYfO- ll1"X '1eHaX Ha H"X AIl" Ka>KAoro 3aAaHHoro 06beMa BbrnycKa npoAYK'1H". np"H"Ma" peWeH"e 05 05beMSX npO"3BOACTBa, cp"pMa 5YAeT AB".'aTb- C" BAOIlb AaHHo" KP"BO", KOTOpyfO np"H"TO Ha3blBaTb TpaeKTopHeH po- CTa. TOT CP8KT, 4TO MVlHHM\.13al!L-1s:1 H3Aep>KeK ,qoCT\.1r8eTCH B TOl.JK8 Kaca: HIIIH H30KOCTbi !.1 H30KB8HTbl, n03BOIlHeT cAen8Tb B8>KHbIL4 3KOHOMHY8CKIt1V1 BbIBOA. K8K V13B8CTHO, H8KIlOH H30KOCTbi paB8H OTHOWeH!.11O l..\eH Ha cpaKTO- pbl (P L IP K ), a HaKIlOH "30KBaHTbl paBeH MRTS KL , KOTOpaR BbI4"CIl"eTC" no cpopMYIle (14). B T04Ke KaCaH"" HaKIlOH "30KOCTbl paBeH HaKIloHY "30KBSH- Tbl. CIleAoB8TeIlbHo, p8BHOBeC!.18 AOCTL-1r8eTCH TorAa, KorA8 OTHOWeH!.1e '1eH Ha cpaKTOpbl paBHO OTHOWeH"fO "X npeAeIlbHblX npOAYKTOB, T. e. P L IP K = MP L IMP K (17) 241 16 KYPC3KoHoMwecKOMTeOpl<1l1 
inaea 10 COOTBeTCTBeHHO, OTHOWeH"" npeAeIlbHblX npOAYKTOB cpaKTOpOB K '1e- HaM nOCIl8AH"X AOIl>KHbl 5blTb paBHbl M8>KAY c050": MPL/PL=MPKIP K (18) C nOMOll1bfO ypaBHeH"" (18) Mbl MO>KeM CCPOPMYIl"pOBaTb npaB"IlO M"- H"M"3a'1"" "3Aep>K8K AIl" Ka>KAOrO 3aAaHHoro 05beMa BbrnycKa npoAYK'1"", onTHMSIlbHoe C04eTSHHe «j>SKTOpOB, HcnoIlb3yeMbix B npoLlecce npo- H3BOACTBS, AocTHraeTcR TorAs, KorAs nocIleAHHH 3STpa4eHHblH py5Ilb HS nOKym<y KS>KAOrO «j>SKTopa AaeT OAHHSKOBblH npHpocT o51l1ero Bb'- nycKs npoAYKLlHH. C T04K" 3peH"" pa'1"OHaIlbHoro 3KOHOM"4ecKOro nOBe- AeH"", 3TO 03Ha4aeT, 4TO OTHOC"TeIlbHO 60Ilee AOPOro" cpaKTop npO"3BOA- CTB8 38MeLl.\8eTCH OTHOCIr1T8IlbHO 60flee Aew8Bb1M. T8K, 8CJlH MP L /P L > MP K IP K , TO cp"pMa M"H"M"3"PyeT CBO" "3Aep>KK" nYTeM 3aMeHbi KsnHTaIla TPYAOM. B xOAe 3TO" 3aMeHbi npeAeIlbHbl" npoAYKT TpYAa 5YAeT YMeHb- waTbc", a npeA8IlbHblH npoAYKT KSn"TaIla pacm. 3aMeHa 5YAeT oCYll1eCTB- IlRTbC" AO Tex nop, nOKa He 5YAeT AOCT"rHYTO pSBeHCTBO B3BeweHHbiX no COOTBeTCTBYfOll1"M '18HaM np8A8IlbHbiX npOAYKTOB cpaKTOpOB. 111 Ha050pOT, 8CIl" MP L IP L < MPKIP K TO cp"pMe cIl8AyeT 3aMell1aTb TPYA Kan"TSIlOM AIl" AOCT">KeH"" paBeHcTBa' (18). .o.Ilfi VlJlIlIOCTp8l..\H1 A8HHbiX nOIlO>K8H!.1 p8CCMOTp!.1M YCIlOBHbl171 YHCIlO- BO" np"M8p. npeAnOIlO>K"M, 4TO eA"H"'1S TpYAa " 8A"H"'1a Kan"TaIla "Me- fOT OAHY " TY >Ke '1eHY, paBHYfO 100 PY5. np" 3TOM cp"pMa "CnOIlb3yeT 4 eA. TpYAa " 9 eA. Kan"TaIla. npeAeIlbHbl" npoAYKT 4eTBepTO" eA"H"'1bl TpYAa III A8BHT0ll1 eAIt1HIIILlbl K8nL-1T8Il8 p8BHbi COOTBeTCTB8HHO 12 14 6 eA. nOAcTa- B"B B ypaBHeH"e (18) 4"CIlOBble 3Ha4eH"", nOIlY4"M CIl8AYfOll1ee HepaBeH- CTBO: 12/100 > 6/100. AaHHa" KOM5"Ha'1"" cpaKTopOB He COOTBeTcTByeT Tpe60B8HHHM np8BHJl8 MIIIHHMIII38l!1II!.1 L-13A8P>K8K, T. e. 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inasa 11 CpeAH"" npOAYKT cpaKTopa 3aKOH y6b1B81OUJ,8171 npe,qeJ1bHol71 npm-13Bo,q!.1TeJ1bHOCH1 cpaKTopa npO3BO,qHbl cnpoc npeAenbHbl" npOAY'T cpaKTopa B ,q8H8>KH0I71 cpopMe npeAenbHble "3Aep>KK" pecypca V130Ks8HTa npeAeIlbHa" HOpMS TeXH0J10rVl48cKoro 3aMeUJ,8HfI V130KoCTa TpaeKTOp"" paCTa average product of a f8Ctor the law of diminishin9 marginal r8turns derived demand m8rginal revenue product marginal r8source cost isoquant marginal rate of technical substitution isocost expansion path rnaBa 11. PblHOK TPYAA  3APA50THAfi nIlATA ((TaK unu UHaye, HO eCRKUU ucmUHHb/U ycnex Ha 3eMne ecmb ycnex mpyaa». J1e8H J.1nbuH B npeAblAYll1e" rnaBe 6b1Il" nOAP05HO paCCMOTpeHbl np"H'1"nbl cjJYH'- '1HOH"pOBaH"" pblHKOB pecypCOB (cpaKTOpOB npO"3BOAcTBa). B HaCTO"l11e" r.naBe HaM np8cTOVlT 06p8n1Tb npV1CTaIlbHoe BH\.1M8HIo18 H8 Cn8l.\HqH1KY pblHKS TpYAa - OAHOro "3 pblHKOB pecypCOB, "MefOll1erO, KaK " PbIHK" APY- rHX cp8KTOpOB np0V13BOACTBa, CBOV1 OTIlL-1YV1TeIlbHbI8 np!.13H8KL-1 V1 xapaKTep- Hbl8 YepTbl. OTflW.I!.1T8IlbH0Il1 4epTOtll pblHK8 TPYA8 HBIlfl8TCH np!.1cYTCTBHe H8 HeM Ba>KHe"W"X "HCmTYTOB (npocpCOf030B, KOpnOpa'1"", rOCYAspCTBa), 6e3 YY8T8 KOTOpblX HeB03MO>K8H 8HaIl!.13 cnpoca V1 np8AJ10>K8HHH TpYAa. G8M pecypc, "Il" cpaKTOp npO"3BOACTBS - TPYA, OTIl"4aeTC" OT APyr"x "3BeCT- HblX HaM cp8KTOPOB, T. 8. Kan!.1T8Il8 14 3eMIlH, T8M, YTO HBIlH8TCH CPYHKl.\!.18V1 >K\.13H8AeHT8IlbHOCTJ.1 YeJlOBeKa. n03TOMY, KorA8 pel.Jb HA8T 0 np06Il8M8 Bbl- 50pa Ha pblHKe TpYAa, He 5YAeM 3a5blBaTb, 4TO peWeH"" np"HHMaeT He TOIlbKO cp"pMa, npeAb"BIl"fOll1a" cnpoc Ha pecypc, HO " HaAeIleHHbie BO- Il8 H C03H8HIt18M 3KOHOMIr1yeCKH8 Cy6b8KTbl, OCYLl.\8CTBIlHIOLl.\V18 np8AflO)\{e- H"e cBoe06pa3Horo B"Aa YCIlyr. 06 3T"X oc06eHHOCT"X " nO"AeT pe4b B cIleAYfOll1eM naparpacpe. 244 PblHOK mpyoa U 3apa60mHaR nnama  1. Oco6eHHOCTIiI pblHKa TPYAa Cne'1"cp"Ka pblHKS TPYAa BO MHorOM onpeAeIl"eTC" oco- 68HHOCTHMV1 TOro TOBap8, KOTOpbl171 Ha H8M np8ACTaBIl8H. T8K YTO >K8 npo- AseTC" " nOKynaeTcR Ha 3TOM pblHKe? OTBeT KaK 5YATO 04eB"AeH, - KOHe4- HO >Ke, TPYA. Ho BeAb TPYA eCTb CPYHK'1"" CSMOro pa50TH"Ka, 3aTpara ero cp"3"4eCKO" " YMCTBeHHO" 3Hepr"" B npO'1eCce npO"3BOACTBS 5Ilar. TPYA HeOTAen\.1M OT l.J8IlOB8K8 K8K TaKoBoro, OH HBIlH8TCH cpOpMOI71 >KH3HeA8HTeIlb- HOCT" Il"4HOCT" " nOCTOIlbKY He MO>KeT 5blTb 05beKTOM KynIl"-npOAa>K" B nOIl"m4eCK" " 3KOHOM"4eCK" CB050AHOM 051l1eCTBe. A BeAb, KaK 05 3TOM nOAP05Hee roBOpHIlOCb B rn. 5, 3KOHOM"4eCKS", a, CIleAOBaTeIlbHO, " no- Il"T"4eCKa" cB050Aa eCTb Ba>KHe"Wee YCIlOB"e pblH04Horo X03R"cTBa. CBO- 50AHbl" 4eIlOBeK He MO>KeT 6blTb npOAaH (KaK 3TO, Hanp"Mep, 5blIlO np" pa- 50BIlSAeH""), " nOCTOIlbKY He MorYT CIlY>K"Tb 05beKTOM KynIl"-npOAa>K" HeOTAeIl"Mble OT Hero CPYHK'1"H, B TOM 4HCIle " TPYA. n03TOMY Ha pblHKe TpYAS npOAaeTCR H nOKynaeTc" He CSM TPYA, S YCIlyrH TpYAa, KOIl"4e- CTBO H Ka4eCTBO KOTOpblX 3aB"C"T aT MHor"X cpaKTopOB - ypOBH" npocpec- COHaIlbHO" nOAlOTOBK" pa50TH"Ka, ero KBaIl"cp"Ka'1"", onblTa, A05poco- BeCTHOCT" " APyr"x. KynIl,,-npOAa>Ka YCIlyr TpYAa BblcTynaeT B cpopMe Ha,,- Ma CB050AHOro pa60TH"Ka Ha onpeAeIleHHblX YCIlOB""X, KaCafOl11"XC" npo- AOIl>K"TeIlbHOCT" pa504ero AH", pa3MepOB 3apa50THO" nIlaTbl, AOIl>KHOCT- HblX 06H38HHocTeVl V1 HeKOTopblX L-1HbIX. H8 nepL-10A HaL4Ma pa60TO8T8Ilb - 5"3HeC "Il" rOCYAapCTBO - nOKynaeT npaBO Ha "cnOIlb30BaH"e YCIlyr TpYAa npOASB'1a, a He Ha caM TPYA, c05CTBeHH"KOM KOTOporo npOAOIl>KaeT OCTa- BaTbCH H88MHbll71 pa60THIr1K. n03TOMY B 06ll..\8npV1HHTOM Bblpa>K8HHL-1 «pbIHOK TPy,qa» HaM cIleAyeT B"AeTb KSTerOp"fO «pbIHOK YCIlyr TPYAa». CAeIlaB 3TY orOBopKY, Mbl "35aBIlReM ce5" aT He05xOA"MOCT" Ka>KAbl" pa3 YT04H"Tb, 4TO nOKynafOTC" "Il" npOAafOTC" "MeHHO YCIlyr" TpYAa, a He TPYA. AaIlee Mbl 6YAeM nOIlb30BaTbC" 061l1enp"H"TbIM" TepM"HaM" «pbIHOK TpYAa», «cnpoc Ha TPYA» , «npeAIlO>KeH"e TpYAa» " T. n. Cnpoc Ha pblHKe TpYAa, KaK " Ha Ilf060M APyroM pblHKe pecypCOB, "Il" q,aKTopOB npO"3BOACTBa, "BIl"eTC" npO"3BOAHbIM " 3SB"C"T aT cnpoca Ha Ty npOAYK'1"fO, KOTopa" 5YAeT "3roToBIleHa C nOMOll1bfO 3Toro pecypca. TSK, paCT nOTpe6HOCT" B XOPOW"X Aoporax Bbl30BeT YBeIl"4eH"e cnpoca HS yc- Ilyr" AOpO>KHbIX pa504"X, a naAeH"e cnpoca Ha aBTOM06"Il" np"BeAeT K YMeHbWeH"fO cnpoca Ha YCIlyr" aBTOM05"IleCTpO"TeIle". BbIWeOn"CaHHa" cne'1"cp"Ka CSMOro TOBapa " cpOpMbl ero KynIl"-npO- Aa)K" Ha pblHKe TPYAS npeAonpeAeIl"fOT H">KeCIleAYfOll1"e oc05eHHocm 3TO- ro pblHKa: - Bo-nepBbIX, 60IlbW8H npOAOIl>KV1T8IlbHOCTb B38L-1MOOTHOW8HL-1V1 npo- 245 
Inasa 11 AaB'1a " nOKynaTeIl". ECIlH Ha pblHKe 50IlbW"HCTBS nOTpe5"TeIlbCK"X TOBa- pOB ("CKIlf04eH"e COCTSBIl"fOT AOpOrOCTO"ll1"e "3AeIl"", npOAafOll1"eC" B KpeA"T, " TOBapbl, "MefOl11"e rapaHT""HOe 05CIlY>K"BaH"e) KOHTa'T npOAaB- Lla H nOKynaTeIlH MV1MOIl8TeH  38K8H4L-1BaeTCs:I nepeA8Y8Ci np8B C06CTBeH- HOCT" Ha 05beKT TOprOBIl", TO Ha pblHKe TPYAS B3a"MOOTHOWeH"" npOAaB- U,8 H nOKyn8TeIlH AIlHTCH T8Koe KOIllt1yeCTBO BpeMeHH, Ha KOTopoe 3aKIllOya- eTC" AorOBOp Ha"Ma PS50TH"Ka. AIl"TeIlbHOCTb KOHTaKTOB npOAaB'1a " no- KynaTeIlH HBJlfleTCH H806xOAHMblM YCIlOBeM nOCTOs:lHHOro B0306HOBJ1eHfi onepa'1"" KynIl"-npOAa>K" YCIlyr TpYAa; - BO-BTOPbIX, 50IlbwaR pOIlb, KOTOpyfO "rpafOT Ha pblHKe TpYAa Heoe- HeJKHbie cpaKmopbl - CIlO>KHOCTb H npeCT">KHOCTb pa60Tbl, YCIlOB"" TpYAa, era 5e30naCHOCTb AIlR 3AOPOBbR, rapaHT"" 3aH"TOCT" " npocpeCC"OHaIlb- HOro pOCT8, MopaIlbHbl14 KIlV1M8T B KOIlIleKn1Be V1 Ap.; - B-TpeTbHX, 3HaY!.1T8IlbHOe B03AeliTcTB\.1e, KOTOp08 OKa3blBalOT Ha Pbl- HOK TpYAa pa3Il"4Hble "HCTHTY'1"OHSIlbHble CTPYKTYPbl - npocpeCC"OHaIlb- Hble COI03bl, TpYAoBoe 38KOHOA8TeIlbCTBO, roCYA8pCTBeHH8H nOIlL-1n1K8 3a- HHTOCT V1 npocpeCCV10H8IlbHOVl no,qroToBKL-1, COlO3bl npeAnpV1HIr1M8TeIleVl L-1 ,qpy- r"e. 3TO CBR3SHO, npe>KAe Bcero, C TeM, 4TO npOAaB'1bl TPYAOBblX YCIlyr - Ha- eMHble pa5OTH"K" - COCTaBIlRfOT nOAaBIl"fOll1YfO 4aCTb HaCeIleH"", a PS60T8 no H8V1MY HBIlHeTCH It1CTOl.JHIt1KOM VlX 6Il8roCOCTOs:lHHH, onpeA8Il8HHblL4 ypOBeHb KOTOpOro HBIlH8TCH YCJlOBV1eM COLlH8IlbHoro cnOKOVlCTBHfI B 06Ll.\8CTBe. 3apa50THa" nIlaTa 05pa3yeT 6YIlbWYfO 4aCTb AOXOAOB nOTpe5"TeIle" " n03TOMY OKa3blBaeT CYll1eCTBeHHoe BIl""HHe Ha pa3Mep cnpocs Ha no- Tpe5"TeIlbCK"e TOBapbl " Ha "X '1eHbl. nOA 3sps50THOii nIlSTO" B W"- pOKOM CMblCIl8 CIlOBa nOHL-1M88TCH AOXOA OT cpaKTopa np0V13BOACTBa nOA H8- 3B8H!.18M ({TPYA)}. B Y3KOM CMblCIle CIlOB8 38p860THaH nIl8T8 paCCM8TpL-1B8eTC7I K8K CTaBKa 3apa6oTHOH nl1aTbl, T. 8. l!eHa, BblnIla4\.1Ba8M8H 3a V1cnOIlb30Ba- H"e eA"H"'1bl TpYAa B Te4eH"e onpeAeIleHHoro BpeMeH" - 4aca, AH" " T. A. Pa3Il"4afOT HOM"HSIlbHYfO " peSIlbHYfO 3apa50THYfO nIlaTY. nOA HOMH- Hal1bHOH 3apa6oTHOH nl1aTOH nOH\.1M8eTCH CYMM8 AeHer, KOTOpylO nOIlyYa- 8T p860THV1K HaeMHoro Tpy,qa 3a CBOL4 AHeBHOL4, HeAeJlbHbIVl, MeCHYHblC1 TPYA. no BeIlH4"He HOM"HSIlbHO" 3apa60THO" nIlaTbl MO>KHO CYA"Tb 05 ypOBHe 3apa50TKs, AOXOAa, HO He 05 ypOBHe nOTpe5IleH"" " 5IlarococTo- HHL-1f1 Y8IlOBeKa. AIlH 3TOro HaAO 3HaTb, K8KOB8 pe8IlbH8H 3ap860TH8s:1 nna- T8. Peal1bHas:l 3apa6oTHafi nl1aTa - 3TO T8 M8CC8 >KL-13H8HHbIX 6Il8r L-1 YCIlyr, KOTopble MO>KHO np"05peCT" 3a nOIlY4eHHbie AeHbr". OHS HaXOA"TC" B np"- MOIit 3aBL-1CL-1MOCTH OT HOMV1H8IlbHOCi 3apnIlaTbi V1 B 06p8THOVl - OT YPOBH7I '1eH Ha npeAMeTbl nOTpe6IleH"" " nIlaTHble YCIlyr", a TaK>Ke OT pS3MepOB ynIl8YL-1Ba8MbIX p860TH\.1KOM H8IlOroB. 246 PblHDK mpyoa U 3apa60mHaR nnama  2. Cnpoc H npeAI10>KeHHe Ha pblHKe TpYAa K8K Y>Ke OTMeY8IlOCb B rn. 10, LleHbl H8 npoH3BoAT8IlbHble yCIlyr", T. e. YCIlyr" TPYAa, Kan"TaIlS " T. A., onpeAeIl"fOTC" HS OCHOBe cnpo- ca " npeAIlO>KeH"". AHaIl"3 pblHK8 TPYAa Ha4HeM np"MeH"TeIlbHO K YCIlO- B"RM cOBepweHHo" KOHKypeH'1"". Cy5'beKTSMH cnpocs Ha pblHKe TPYAa BblcTynafOT 5"3HeC " rocYAap- CTBO, S cy5'beKTSMH npeAIlOJKeHH" - AOMaWH"e X03""cTBa. Ha pblHKe cOBepweHHo" KOHKypeH'1"" KOIl"4eCTBO HaH"MaeMbIX npeA- np"H"MaTeIl"M" pa60TH"KOB onpeAeIl"eTc" ABYM" nOKa3aTeIl"M" - pa3Me- pOM 3sps50THO" nIlaTbl " '1eHHOCTbfO (B ee AeHe>KHOM Bblpa>KeH"") npe- AeIlbHOro npOAYKTS TPYAS. C YBeIl"4eH"eM KOIl"4eCTBa HSH"MaeMbIX pa- 50THHKOB npO"CXOA"T YMeHbWeH"e BeIl"4HHbl npeAeIlbHoro npOAYKTa (ecnOMH"M 3aKOH y5blBSfOll1e" AOXOAHOCT"). np"BIle4eH"e AOnOIlH"TeIlb- HO" eA"H"'1bl TpYAa npeKpaT"TC" TorAa, KorAa npeAeIlbHbl" npOAYKT TpYAa B AeHe>KHOM Bblpa>KeH"" (MRPJ cpaBHReTC" C BeIl"4"HO" 3apa50THO" nIl a- Tbl - CM. rn. 10. 05beM cnpocs Ha TPYA HaXOA"TC" B 05pSTHO" 3aB"C"MOCT" OT Be- IlH4HHbi 3sps50THO" nIlaTbl. np" pOCTe CTaBK" 3apa50THo" nIlaTbl, np" np04Hx paBHblx YCIlOB""X, npeAnp"H"MaTeIlb B '1eIl"X COXpaHeH"" paB- HOBeC"R AOIl>KeH COOTBeTCTBeHHO COKpaT"Tb np"MeHeH"e TpYAa, S np" ee CH">KeH"H BeIl"4"Ha cnpoca Ha TPYA B03pacTaeT. "'YHK'1"OHaIlbHa" 3SB"C"MOCTb Me>KAY BeIl"4"HO" 3apa50THo" nIlaTbl " 05beMoM cnpoca Ha TPYA Bblpa>KaeTC" B KP"BO" cnpoca Ha TPYA (P"c. 11.1). Ha OC" a5c'1"cc - BeIl"4"Ha Tpe5YfOll1eroC" TpYAa (L), a Ha OC" 0PA"- HaT - CTaBKa 3spa50THO" nIlaTbl (w). Ka>KAa" T04Ka Ha KP"BO" D L nOKa3blBaeT, KaKO" 5YAeT BeIl"4"Ha cnpoca w o Lfucno pa60mHUKOG, L puc. 11.1. KpueaR cnpoca Ha mpyd 247 
Inasa 11 w o Puc. 11.2. L KpusaR npednOJKeHUR mpyda Ha _TPYA np" OnpeAeIleHH_OM ypOBHe 3apa60THO" nIlSTbl. KOHcp"rypa'1"" KP"- BO It1 ee OTpHaTeJlbHblL-1 H8KIlOH nOKa3b1Ba1OT, 4TO 60Ilee HLII3K0L4 38p86oT- HO" nIlaTe COOTBeTCTByeT 5YIlbWa" BeIl"4"Ha cnpocs Ha TPYA " Ha050pOT. II1Ha48 06CTO"T AeIlo C CPYHK'1"e" npeAIlO>KeH"" TPYAa. 06b8M npeAIlo- >KeHHH TPYA8 T810Ke 38BLIICHT OT BeIlL-14L-1Hbl 3ap860THOH nIlaTbl, nOIlYY8eMOVl 3a npO"3BOA"TeIlbHbI8 YCIlyr". KSK npaB"IlO (a 5blBa8T " "CKIlf048H"e KaK Mbl YB"_A"M B AaIlbH8"weM), npOAaB'1bl Ha pblHKe TpYAa B YCIlOB""X cdBep- WeHHO" KOHKyp8H'1"" cTpeM"Tc" YB8Il"4"Tb np8AIlO>KeH"8 B YCIlOB""X po- CTa 3apa50THoii nIlaTbl. n03TOMY Kp"Ba" npeAIlO>KeH"" TpYAa "MeeT nono- >K"T8IlbHbl" HaKIlOH (P"c. 11.2). Kp"BR npeAIlO>K8H"" TPYAa (SJ nOKa3blBaeT, 4TO np" nOBbIW8H"" 3a- pa50THO" nIlaTbl B03pacTaeT BeIl"4HHa np8AIlO>K8H"" TpYAa, a np" e8 CH"- >KeH"" 05beM npeAIlO>KeH"" TPYAa YMeHbwaeTC". COBoKynHoe npeAIlO>Ke- H"e TPYAa B 051l1ecTBe 3aB"C"T aT MHOr"X cpaKTOpOB, onpeAeIl"fOll1"X KO- Il"4eCTBO " Ka4eCTBO npeAIlaraeMblX YCIlyr TpYAa, CpeA" KOTOpblX Ba>KHe,,- WLIIM!.1 HBnHIOTCH 06aH YHCJleHHOCTb H8CeIleHL-1H CTpaHbl It1 ,QOJlfl B HeM 3KO- HOMHyeCKLII 8KTLIIBHOro H8ceIleHHH, cpe,QHHH npOAOIl>KHTeIlbHOCTb p860yero AH", npocpeCC"OHaIlbHO-KBaIl"cp"Ka'1"OHHbl" COCTaB pa50TH"KOB " AP. npe>KAe 4eM 05beA"H"Tb 06a rpacp"Ka - cnpoca " npeAIlO>KeH"" TpYAa - OCTaHOBHMCH eLl.\e H8 OAHOM Ba>KHOM LII HHTepeCHOM 3KOHOMLII4eCKOM .RB- IleHH", xapaKTep"3YfOll1eM npeAIlO>KeH"e TpYAa. BepHee, Ha ABYX "BIleH"- "X, nOIlY4"BW"X Ha3BaH"e 3cpcpeKT 3aMell1eH"" " 3cpcpeKT AoxOAa. 3T" KaTerop"" Y>Ke paCCMaTp"BSIl"Cb B rn. 5, KorAa pe4b WIla 05 "3M8H8H"" OTHOC"TeIlbHbIX '1eH Ha pblHKe TOBapOB " YCIlyr. Ae"cTBYfOT OH" " Ha pblHK8 TpYAa. 3T" 3cpcpeKTbi npO"BIl"fOTC" TorAa, KorAa Mbl nO>KeIlaeM Bbl"CH"Tb, KaK OTpa3"TC" HS npeAIlO>KeH"" TpYAa omoenbHoeo uHoueuoYYMa nOBbIW8- H"e CTaBOK 3apa50THo" nIlaTbl. Ha nepBbl" B3rn"A, npeAIlO>KeH"8 TpYAa AOIl>KHO BblpaCT". OAHaKO He 5YAeM TOpOn"TbC" C BbIBOAaM" - B "rpy BCTY- nafOT 3cpcpeKT 3aM81l1eH"" " 3cpcpeKT AoxoAa, "3BeCTHble HaM "3 rn. 5. 248 PblHOK mpyaa U 3apa60mHaR nnama w w, I o I I I I I I I L, L Puc. 11.3. KpusaR uHdusudyanbHo2o npednOJKeHUR mpyda Ha P"c. 11.3 "305pa>KeHa Kp"Ba", nOKa3blBafOll1a" 051l1ee KOIl"4eCTBO pa504ero BpeM8H", KOTOpoe cornaceH oTpa60TaTb KOHKp8THbl" pa50TH"K np" AaHHo" BeIl"4"H8 3apa50THo" nIlaTbl. OT 05b14HO" KP"BO" np8A- IlO>KeH"" TPYAa, "IlIlfOCTp"PYfOll1e" C"Tya'1"fO Ha Ha'1"OHaIlbHOM "Il" OTpSC- Il8BOM pblHKax TPYAa, 3Ta Kp"Ba" OTIlH4aeTC" CBoe" KOHcp"rypa'1"e". Ao T04K" 1 "HTepeCYfOl11S" Hac KP"BS" nOKa3blBaeT YBeIl"4eH"e npeA- IlO>KeH"" TpYAa np" pOCTe 3apa60THO" nnaTbl, - OHa YAaIl"eTC" aT OC" op- AHHaT. OAHaKO, npO"A" T04KY I, Kp"Ba" SL MeH"eT HanpaBIl8H"e. OHa cr"- 68eTCH 14, npHHIt1M8H OTpHl!aT8IlbHbIVl HaKIlOH, CHOB8 npH6IlL-1}1{8eTCH K OCL-1 0PAIt1HaT, nOK83bIB8H, Ha nepBblVl B3rn.R,Q, n8p8AOKC8IlbHYIO CL-1TY8L-11O - YMeHbWeH"e npeAIlO>KeH"" TPYAa np" AsnbH8"weM pOCTe 3apa50THo" nna- Tbl. TaK"M 06pS30M, YBeIl"4eH"e 3apa60THO" nIlaTbl AO onp8AeIleHHbiX pa3- MepOB BeAeT K POCTY npeAnO>K8H"" TpYAa, KOTOpoe nOCIle AOCT">KeH"" MaK- CHMaIlbHoro ypOBH" (L,) Ha4"HaeT COKpall1aTbC" BCIleACTB"e AaIlbHe"wero pOCTa 3apa50THO" nIlaTbl. OAHa " Ta >Ke np"4"Ha - YBeIl"48H"e 3apa50T- HO" nIlaTbl np"BOA"T " K POCTY, " , COKpa1l18H"fO np8AIlO>KeH"" TPYAa. no- 4eMY >Ke 3TO npO"CXOA"T? nOCKOIlbKY np" YBeIl"4eH"" 3apa60THO" nIlaTbl Ka>KAbl" 4ac oTpa60TaH- HOro BpeMeHL-1 IlY4we onIl84HB8eTCH, K8>K,QbIH Y8C CB06oAHOro Bp8M8HIt1 BOC- np"HHMaeTC" pa50TH"KOM KaK B03POCW"" y5bITOK, T04H8e, ynYll1eHHa" Bbl- tOAa. 3Ta BblrOAa Morna 5bl 5blTb peaIl"30BaHS np" npeBpall1eH"" CB050A- Horo BpeMeH" B pa504ee - OTCfOAS CTpeMIleHHe 3aMeCT"Tb cB050AHoe Bpe- M" AOnOIlH"TeIlbHO" pa50TO". COOTBeTCTBeHHO, Aocyr 3aMell1aeTC" TeM Ha50pOM TOBapOB H YCIlyr, KOTopble pa50TH"K MO>KeT np"05peCT" Ha B03- POCWYfO 3apa60THYfO nIlaTY. BbIWeOn"CSHHbl" npO'1ecc nOIlY4"Il Ha3BSH"e 3cpcpeKTa 3SMell1eH"" Ha pblHKe TpYAa. Ha np"BeAeHHOM Ha P"c. 11.3 rpa- CP"Ke 3cpcpeKT 3aMell1eH"" npO"BIl"eTCR AO T04K" I, T. e. AO Ha4aIla AB">Ke- H"" KP"BO" npeAIlO>K8H"" TPYAS BIleBO, K OC" OPA"HaT. 249 
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BaIOI1\HMH, HIlH KOMneHCa'1HOHHblMH (KOMneHCHPYIOI1\HMH), PS3IlH4H"- MH. n03TOMY 50Ilee BbICOK"e CTaBK" 3apa60THO" nIlaTbl CKIlaAbIBafOTc" B oTpaCIlRX X"M"4eCKO" npOMblwIleHHOCT", MeTaIlIlypr"", APyr"x OTpaCIl"X, OTIlV1LJalOLl.\L-1XCH TH>KeIlbIMIt1 YCIlOBL-1HML-1 TPYA8. bOIlee TOro, OAHH8KoBbie yc- Ilyr" TpYAa MorYT no-pa3HOMY O'1eH"BaTbC" B 3aB"C"MOCT" OT YCIlOB"", B KOTOpblX npoTeKaeT caM TPYAOBO" npo'1ecc. 3TO 06b"cH"eT, Hanp"Mep, no- BblW8HHbl8 CTaBK\.1 38p860THOVl nIl8Tbi 6YPL-1IlbLl.\\.1KOB, A8L4CTBYIO!.1X H8 MOp- CKIr1X nIlaTcpopM8X L-1IlH B YCIlOBL-1HX BeYHOIl1 M8p3IlOTbl, no Cp8BH8HL-11O C CO- oTBeTcTBYfOll1"M" CTaBKaM" 5YP"Ilbll1"KOB, pa50TafOll1"X B 60Ilee KOMcpOpT- HblX YCIlOBL-1HX. CYl11eCTBYfOT " TaK"e pa3Il"4"" B XspSKTepe TPYAa " B pa3Mepax 3apa- 60TKOB, KOTOpble He OTHOC"TC" K T"ny ypaBH"BafOl11"X PS3Il"4"". 3TO PS3- IlIr1YHH, Bb1TeK81OLl.\1r18 H3 06b8KTHBHbiX K8l.JeCTB8HHbIX oc06eHHOCT8V1, - pa3- HblX cnoc06HOCT8V1 IlIO,QeVl, T8n8HT8. CT8BKH 38pa60TH0L4 nIl8Tbi AIlH TaKL-1X rpynn IllOA8L4 AOIl>KHbl 6blTb p83JU1LJHbIML-1: B AOXOA8X oc060 Tan8HTIlL-1BbIX Cn8L1,Ir18IlL-1CTOB COAep>KL-1TCH 3Il8MeHT p8HTbi. K838IlOCb 6bJ, npL-148M 3AeCb p8HT8, KOTOpylO B 06blAeHHOM nOHHM8HHH CBfl3blB81OT C nIlaTOVl 38 nOIlb30- B8HIr1e 38MIleC1? Ho H8M np8,QCT0L-1T BblHCHHTb nplr1pOAY 3KOHOMV148CK0L4 peH- Tbl B COBpeM8HHOM ee nOHL-1M8HL-1L-1. II1TaK, AOXOAbl pa50TH"KOB HaeMHOro TpYAa COAep>KaT ABa KOMnOHeHTa. nepBbl" - TaK Ha3blBaeMa" YAep>KHBalOll1a" 3sps50THa" nIlaTS, "Il" nIla- Ta 3a HenepexoA (transfer earnings). STOpO" KOMnOHeHT - 3KOHOMH4eCKa" peHTa. B caMOM 061l1eM B"Ae 3KOHOM"4eCKa" peHTa onpeAeIl"eTc" KaK AO- XOA aT cpaKTOps, OTIl"4afOll1eroC" He3IlaCT"4HbIM npeAIlO>KeH"eM. OAHaKO 3IleMeHT peHTbl COAep>K"TC" " B Tex CIlY4a"X, KorAa npeAIlO>KeH"e cpaKTO- p8 3Il8Cn1LJHO, 38 VlCKIlIOLJ8HJ.18M 6eCKOHe4HO 3Il8CTL-1YHOro npeAIlO>K8HIt1R nO"CH"M HaW" pSCCY>KAeH"" C nOMOll1bfO rpacp"KOB. Ha P"C. 11.6 no- K83aHO COOTHOW8HVl8 M8}f{,QY Y,Qep)\{L-1B81OLl.\8V1 38P860TH0C1 nIl8T0ll1 L-1 3KOHO- M\.14eCK0L4 P8HTOVI B Tp8X p83Il!.1LJHbIX CIlYY8HX. 5YAYT Il" pa50TH"K" nOIlY4aTb 3KOHOM"4ecKYfO peHTY " B KaKOM 06be- M8 - 38B!.1CliIT OT 3Il8CTL-1YHOCTIt1 npeAIlO)\{8HVlfI TPYA8. B cIlY4ae s) BC" 3apa50THa" nIlaTa npeAcTaBIleHa np"MoyroIlbH"KOM OwEEL E , rAe cp"rypa OwEL E npeAcTaBIl"eT c050" YAep>K"BafOl11YfO 3apa60T- HYfO nnaTY. Ka>KAa" T04Ka Ha KP"BO" npeAIlO>KeH"" TPYAa nOKa3blBaeT TY M"HHMSIlbHYfO nIlaTY, KOTOpyfO rOTOB nOIlY4"Tb pa60TH"K 3a YCIlyr" CBoero 254 PblHOK mpyoa U 3apa60mHaR nnama 'IV W p s, s, w, w, W' A W' o L, L 0 L L, L, L 0 a) HopMa.nbHblM c.nYl.IaM 6) a6comOTHO 3.naCTII'l.IHOe npeA.nO>KeHMe B) a6comOTHO He3.nacTMl.IHOe npep,.nO>KeHMe Puc. 11.6. YoepJKUealOU(aR 3apa6omHaR nnama U 3KOHOMU'"IeCKaR peHma Ha pblHKe mpyoa TpYAa. ECIl" ypOBeHb ee 5YAeT H">Ke M"H"MaIlbHO np"eMIleMO" '1eHbl 3a AaHHbl" pecypc, TO pa50TH"K nepe"AeT B APyryfO OTpaCIlb "Il" B03Aep>K"T- c" OT npeAIlO>KeH"" YCIlyr TpYAa Bo051l1e. B YCIlOB""X paBHOBeC"" HS PbIH- Ke TpYAa KaJKOb,ii pa60mHUK nOIlY4aeT 3apa50THYfO nIl STY B pa3Mepe paB- HOBeCHOC1 CT8BK!.1 WE ' npeBblW81OLl.\YIO MIIIHHM8IlbHO npllleMIleMYIO AIlfl Hero '1eHY YCIlyr TpYAa. II1CKIlf04eH"e COCTaBIl"eT Il"Wb npeAeIlbHbl" pa60TH"K (L E ), AIl" KOToporo YAep>KHBafOl11a" 3apa50THa" nIlaTa B T04HOCT" cOBnaAa- eT C M"H"MaIlbHO np"eMIleMO" AIl" Hero nIlaTO" 3a YCIlyr" TpYAa. Ben"4"- H8 YA8P>KL-1B81OLl.\8C1 38p860TH0l71 nIl8Tbi onpeA8IlHeTCH 8IlbTepH8THBH0L4 l!8H- HOCTbfO ("3Aep>KKaM" ynYll1eHHblX B03MO>KHOCTe,,) "CnOIlb30BaH"" TpYAa. 4TO >Ke npeACTSBIl"eT c060" APyrs" 4aCTb nOIlY4aeMoro PS50TH"KOM AOXO- Aa, T. e. TpeyroIlbH"K w'wEE? BOT Tenepb Mbl AaA"M 50Ilee cOBpeMeHHoe onp8AeIl8HHe 3KOHOM\.14eCKOVl p8HTbL OH8 np8AcT8BIlH8T c060Vl nl1aTY, npeBblWalOl1\YIO H3Aep>KKH anbTepHaTHBHoro Hcnonb30BaH"" pecypca. Ha pblHKe TpYAa - 3TO BblnIlsTbl, npeBblWafOll1"e YAep>K"BafOl11YfO 3apa50T- HYfO nIlaTY. 3Aecb YMecTHo npoBecm aHaIlOr"fO C "3Il"WKOM nOTpe5"TeIl" "'. "3Il"WKOM npO"3BOA"TeIlR rpacp"4eCK" HanpaW"BaeTC" aHaIlOr"" C "3Il"W- KOM np0L-13BOAHTeJlH III 3KOHOMHyeCK0C1 p8HT0L4. BCnOMHL-1M, 4TO 1113IlL-1W8K npo- vt3BOAIr1T8IlH npeAcT8BIlH8T c060171 06Il8CTb, Orp8HL-1LJeHHYIO OCblO oPAHHaT, IlH- Hlllel71 Ll,8Hbl L-1 YY8CTKOM KpL-1BOL4 npeAIlO>KeHL-1H, BnIlOTb AO TOYK!.1 paBHOB8C\.1R BIl8AeIlb'1bl cpaKTopa npO"3BOACTBa (TPYAa) nOIlY4afOT TO, 4TO MO>KHO Ha3BaTb U3IlUWKOM enaOenbL<a pecypca, "Il" 3KOHOM"4eCKO" peHTO". B CIlY4ae a) 3KOHOM"4eCKa" peHTa npeACTaBIl"eT c050" nIlOll1aAb Tpe- yrOIlbHIo1K8 w'wEE. B CIlY4se 5) " B) Mbl CTaIlK"BaeMC" C 3KCTpeMaIlbHbIM" CIlY4a"M". 255 
Inasa 11 Ha P"C. 11.66 KpHBa" npeAIlO>KeH"" TPYAa a6coIlfOTHO 3IlaCT"4Ha. B TaKOM CIlY4ae BeCb AOXOA pa50TH"KOB (nIlOll1aAb Ow EEL E ) npeACTaBIl"eT c060" YAep>K"BafOl11YfO 3apa50THYfO nIlaTY " 3KOHOM"4eCKa" peHTa OTCYT- cTByeT. 4TO 3TO Morno 5bl 03Ha4aTb Ha npSKT"Ke? 04eB"AHO, 3TO C"Ty a '1"" cOBepweHHo M06"IlbHOro pblHKa TPYAa, npeACTaBIleHHoro, cKopee Bcero, H"3KOKBaIl"cp"'1"pOBaHHbIM" pa50TH"KaM". TaK"e 3KOHOM"4eCK"e cy5beK- Tbl MorYT C IlerKOCTbfO MeH"Tb MeCTO pa50Tbi (nopa50TaIl rPY34"KOM, nOTOM - p83HOCYI-1KOM r83eT, nOTOM 38HHIlCH MblTbeM nonOB \.1 T. A.). Apyro" "CKIlf04"TeIlbHbl" CIlY4a" - cOBepweHHO He3IlaCT"4HOe npeAIlo- >KeH"e TpYAa (P"C. 11.6B). Kp"Ba" npeAIlO>KeH"" YCIlyr YHHKaIlbHoro pecyp- ca (Hanp"Mep, "3BeCTHewe" Ton-MOAeIl") BblrIl"A"T KaK Il"HH", nepneH- ,Q!.1KYIl51PH851 K OCL-1 86clJ,HCC, 1-1 nOK83blB8eT COB8pweHHO He3Il8CTI-14HOe npeAIlO>KeH"e. 3TO 03Ha4aeT, 4TO OTCYTCTBYfOT "3Aep>KK" aIlbTepHaT"BHOrO "CnOIlb30BaHH" pecypca (OH" paBHbl HYIlfO). Bc" nIlOll1aAb Ow EL npeA- 5 - E E CTaBIl"eT co 0" 3KOHOM"4ecKYfO peHTY. CTpOro rOBOp, " B 3TOM nOCIle- AHeM CIlY4ae CYll1eCTByeT cBoe05pa3HS" nIlaTa 3a HenepeXOA, a, T04Hee, 3a nO"BIleH"e Ha pblHKe BIlaAeIlb'1a YH"KaIlbHoro pecypca. Ee CTaBKa CO- CTaB"T w' - BeAb 3aAapOM H"KTO Ha nOA"YM He Bbl"AeT. n"H"" npeAIlO>Ke- H"" B 3TOM CIlY4ae np"MeT B"A w'AS L , a 051l1"" AOXOA BIlaAeIlb'1a cpaKTO- pa - OwEEL E , KOTOpbl" COCTO"T "3 nIlSTbl 3a HenepeXOA (nIlOll1aAb OwJ1L ) " 3KOHOM"4eCKO" peHTbl (nIlOll1SAb w'wEEA). E Bem14!.1H8 3KOHOMHyeCK0L4 peHTbf, nOIlY48eM0L4 Ton-MOAenblO, 6y,q8T 38- SI.1CeTb HCKJlIOYHTeIlbHO OT BenH4HHbi cnpOC8 H8 YCIlyrl.1 3TOro cnel!liIqmYec- KOro B"Aa TpYAa. Pa3Mep peHTbl MO>KeT KOIle5aTbC" B W"POK"X npeAeIlax B 38BHC/I1MOCTIiI OT nOJlO>K8HHH Kp!.1BOVI cnpOC8. T8K, BbfXOA V13 MOAbl XY,QbIX M8- HeKeHLl.\VllJ, MO>KeT BnJlOTb AO HYIlH COKp8n1Tb peHTY, nOIlYY8eMYIO Ton-MO- A8IlHM!.1 C xpynKL-1M TeIlOCJlO)l{8HVleM. 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Inasa 11 HL-148CTBO, Bp8M8HHaH pa60Ta no HHAL-1BHAyaIlbHbIM KOHTpaKT8M, 4aCTL-1YH8 3aHflTOCTb. B paMKax AeperyIl"pOBaH"" pblHKa TpYAa Bce 50Ilee OT4eTIl"BO npO"B- Il"fOTC" Tpe50BaH"" 0 nepeCMOTpe " 4aCT"4HOM YCTpaHeH"" 3aKOHOAa- TeIlbHblX nOIlO>KeH"", OTHOCRll1"XC K pernaMeHTa'1"" 3TOro pblHKa, pSB- HO KSK " 05 oCIla5IleH"" C"CTeMbl CO'1"aIlbHbIX rapaHT"" B '1eIl"X BOC- CTSHOBIleH" Ha pblHKe KOHKypeHTHblx Ha4aIl. Ba>KHe"We" cpOpMO" perYIl"pOBaH"" pblHKa TpYAa AOIl>KHO CTaTb He TpYAOBoe 3aKOHOASTeIlb- CTBD, a "HA"B"AYSIlbHoe TpYAOBoe COrnaWeH"e. TeM He MeHee, "TorOM cpIleKC"5"Il"3a'1"" pblHKa TpYAa He MO>KeT 5blTb TOTaIlbHbl" AeMOHTa>K C"CTeMbl era perYIl"pOBaH" " Il"KB"AS'1"" CO'1"- SIlbHblX rapaHT"" TPYAll1"XC", 4TO HeM"HyeMo np"BeIlO 5bl K cepbe3HOMY 060CTp8H!.11O C041i18IlbHbiX OTHOW8HH. PeYb L-1A8T 0 n0!.1CK8 TaKora M8X8H1iI3- Ma CPYHK'1HOH"pOBaHH" pblHKa TpYAa, KOTOpbl" n03BOIl"Il 5bl C Ha"50IlbWe" onT!.1MaIlbHOCTblO C048T8Tb 3KOHOMH48CKYlO 3cpcpeKTJ.1BHOCTb C cou,HaIlbHblM nporpeCCOM 051l1eCTBa. OCHOBHbl8 nOHflTI1f1: Ycnym TpYAa CT8BK8 38P86oTHO nn8Tb1 HOM!.1H8IlbH8f1 III peanbH8f1 3apa6oTHafl onaTa Cnpoc Ha TPYA npeAnO)/(eHlile TPYA8 AHcpcpepeHHa'1"" CTaBOK 3apa6oTHO nIl8Tbi HeKOHKYP"PYfOll1He rpynnbl H8 pblHKe TPYAa KOMneHC811HOHHble P83J1W.H1f1 B 38P86oTH0i1 nnaTe YA8p)\{IiIBalOaH 38pa60THafl nnaTa (nnaTa 3a HenepexoA) 3KOHOM\.14eCKafl peHT8 48nOBeYeCK!.1 Kamnan MOHonCOHV1H Ha pblHKe TpYAa ,QBOHHafi MOHononVlfl Ha pblHKe TpYAa labour services wage rate nominal and real wage demand for labour supply of labour wage differences noncompeting groups in the labour market compensating wage differentials tr8nsfer earnings economic rent human capital monopsony in 18bour market bilateral monopoly in a labour market PblHOK Kanumana u npOLjeHm rnaea 12, PblHOK KAm1TAnA 101 npOl.\EHT (B CmpaHe ,£JYPsKoe eemb eonwe6Hoe none, - Ha3bleaem- Cf! none '1yaec.. He 3m OM none BblKons(J RMKY, eKS)KU mpu pa3a: «KpeKC, cPeKC, neKC», nonO)KU s RMKY 30no- moO, 3aCblnb 3eMneD, ceepxy nOCblnb conbJO, none(J xopo- weHbKO u uou cnamb. Haympo U3 RMKU Bblpacmem He6onbwoe oepeB40, HO Ha HeM BMecmo nuembeB 6yoym eucemb 30no- mble MOHembl. nOHRmHo?» flues Anuca T80plilH K8n\.1T8Il8 iii npOl-l8HTa HBIlHeTCH 0,QHOVlH3 HaL-16oIl8e c-nO>KHbIX L-1 AHCKYCcllloHHbrx B 3KOHOMH48CK0L4 TeOpHL-1. 3TO OTHOCII\TCH iii K JJnp8AeIl8HL-11O C8Mora nOHSHL-1H KanL-1Tan, iii K 8,Q!.1HliIlIaM 8ra L-13MepeHV1H, V1 K !lOXOAY, nOpO>KAaeMoMY Kan"TaIlOM, T. e. npO'1eHTY. WeIlb 3TO" rnaBbl - AaTb KnaCC"cp"Ka'1"fO pa3Il"4Hb1X onpeAeIleH"" Kan"TSIla " npO'1eHTa, a TaK>Ke . pbl,QeIl\.1Tb pa3IlHYHbl8 C8rM8HTbi pblHK8 K8nHTaIla 14 BbIHBL-1Tb T8CHYIO B38L-1- OCB"3b Me>KAY H"M". I Ba)\{H8V1WaH np06Il8M8, C KOTOpOH Mbl 6Y,QeM BCTp84aTbc Ha npOTH>Ke- H'I-'IVI BC8V1 r.naBbl, - 3TO M8>KBpeMeHHyliT Bbl60p 3KOHOMV1l.JeCKIiIX Cy6b8KTOB. ,!(PyrHM" CIlOBaM", Mbl 5YAeM aHaIl"3"pOBaTb, KaK 3KOHOM"4eCK"e cy6beK- Tbl pacnpeAeIl"fOT nOTpe6IleH"e Me>KAY HaCTO"ll1"M " 6YAYll1"M nep"OAaM" $peMeH". 4TO '1eIleco06pa3Hee: ceroAH" cAeIlaTb c6epe>KeH"", T. e. HaKan- !iBaTb, 4T06bl 3aBTpa nOIlY4HTb 60Ilbwe 6Ilar, "Il" Bce nOTpe6"Tb B TeKY- . il.!eM nep"OAe? BHOBb nepeA HaM" B03H"KafOT MHoro4"CIleHHble np05IleMbi )phI60pa, VI B TSOpHIiI Kam1TaIl8 B8;>KH8L4W88 MeCTO 38H\.1M8ST HMeHHO '\peM8HHyVl 8cneKT npH npL-1HSHL-1111 8IlbT8pHaTV1BHbIX peweHIiI. 'Jo '5 1. nOHRTl1e Kanl1Tana B 3KOHOMI1'feCKoi1 Teopl1l1_ Kanl1Tan KaK cj>aKTOp np0l13BOACTBa nOA KSn"TaIlOM HS pblH'e cpaKTopOB npO"3BOACTBa nOH"- MaeTCs:I qJIo13H\feCKHH Kanlo1Tal1, VlIlVl npOlll3BOACTB8HHbl8 CPOHAbl. nOCIl8- '"AHIiI8 MO>KHO H83B8Tb Kanlo1Tal1bHblMH 611araMH. K K8m1T8IlbHbIM 6n8r8M OT- HOCHTCH, Bo-n8pBbIX, >KHIlbI8 3,QaHL-1H; BO-BTOPbIX, npOH3BOACTB8HHbl8 coopY- >KeH"", MaW"Hbl, 060PYAOBaH"e, "HcppaCTPYKTypa; B-TpeTb"X, TOBapHO-Ma- Teplil8IlbHbie 3anaCbl. 265 
Inaea 12 II1CCIleAOBaH"", nOCB"ll1eHHble Kan"TaIlY " npO'1eHTY, Ha4"Ha co BTOpO" nOIlOBHHbl XIX BeK8 L-1 BnIlOTb ,0.0 H8WL-1X AH8V1, CBs:138Hbl C L-1M8H8MJ.1 T8KL-1X L-13- BeCTHblX 3KOHOM"CTOB, KaK E. 5eM-5sBepK, K. B"KCeIlIlb, 111. "'"wep, "'. HS"T, A. AbfO", B. napeTO, A>K. X"KC, n. CaMY3IlbCOH " MHOr"M" APyr"M". nOHHTHe K8n!.1T8Il8 B 3KOHOMH4eCKOVl T80pV1H npeTepneIlO 3H8!.1TeIlb- HYfO TpaHccpopMS'1"fO co BpeMeH A.CM"Ta, Aa " 50Ilee paHH"X npeACTaB- Il8HL-1V1 YY8HbIX-3KOHOMHCTOB npowIloro. B H8CTOH8e BpeMs:1 npL-1HflTO roBQ- pJ.1Tb 0 Kanumane S WUpOKOM CMblcne cnosa, 8 H8 TOIlbKO 0 Tex 6Il8r8X, KOTopble 6b1Il!.1 n8peYHCIl8Hbt BblW8. 3T8 p8CWL-1pV1T8IlbH8H Tp8KTOBK8 CBs:1- 38H8, np8)I{,Qe Bcero, C I.1MeH8MIt1 T8KHX 8M8pHK8HCKI.1X 3KOHOMVlCTOB, K8K 111. "'"wep " A. AbfO". K8nv1T8Il B WHpOKOM CMblCIle MO>KHO onp8A8Ilv1Tb K8K 4eHHOCTb, npl.ll HOCHW,YIO nOTOK .Qoxo.Qa. C 3T0L4 T04KIr1 3p8HHfI, KanHT8IlOM MO>KHO H83B8Tb " npO"3BOACTBeHHble CPOHAbl npeAnp""T"", " 3eMIlfO, " '1eHHble 6YMar", " A8n03HT B KOMMepeCKOM 6aHK8, H «48JlOBeY8CKV1H KanHT8Il» (H8KonIl8HHble npocpeCC"OHaIlbHble 3HaH"") " T. n. Bce nepe4"CIleHHble 5Ilara np"HOC"T nOTOK AOXOAOB B p83IlHl.JHbIX cpOpM8X: B BIr1,Qe 8pSHAH0L4 nIl8Tbl, Bblnfl8T npou,SHTOB no Asn03HT8M, AHBHAeH,QOB no LleHHblM 6YM8r8M, 38M8IlbHO pSHTbl It1 T. A. He CflYY8HHO, YTO B cOBpsMeHHblx 38n8AHbiX yye6H\.1KaX no 3KOHOMIt1Y8CK0L4 T80pL-1L-1 He Bcsr,Q8 MO)l(HO YBIr1AeTb OTA8IlbHYlO rn8BY, nOCBs:I- l11eHHYfO Kan"TaIlY. HepeAKO aHaIl"3 Kan"TaIla 05beA"H"eTC" C "CCIleAOBa- Hlr1eM T8KOro cp8KTOp8 np0L-13BOACTB8, K8K 38MIlH, a T8K>KS «4enOB84eCKVlM KanL-1T8IlOM».1 np" "CCIleAOBaH"" pblHKa Kan"TaIla Ba>KHO npOBeCT" pa3Il"4"e Me>KAY K8T8ropL-1HMH 3an8C8 L-1 nOTOK8. KanL-1TaIl K8K 3anac - 3TO HaKonIleHHbl8 6Il8- r8 np0Ir13BO,QCTS8HHora Ha3H8Y8HIr1f1 H8 onpeA8Il8HHbiCi MOMSHT BpSM8HVL I1H8ecmuL<uu >Ke npeACTaBIl"fOT c060" nomoK, 5IlaroAap" 'OTOPOMY npo"c- XOA"T np"YMHO>KeH"e cYl11eCTBYfOl11ero 3anaca Kan"TaIlbHbiX 5Ilar (npO"3- BO,QCTB8HHOro 060PYAOB8HHs:1, CT8HKOB, M8W!.1H H T. n.) 3a onpe,Q8IlSHHbl oTpe30K BpeMeH". II1HBecm'1"", KOTopble Mbl 6YAeM "CCIleAOBaTb Ha pblH'e cp8KTOpOB np0L-13BOACTB8, nOApa3YMeB81OT K8nHT8IlOBIlO)l(8HL-1H, KOTOpbl8 YBeIlIr14L-1B8IOT 38n8C cpL-13H48CKOro K8nL-1T8Ila. V1HBeCTHl!J.1H, B COOTBeTCTBV1Y1 C B8>KHSVlWVlML-1 p83HOBL-1AHOCTHML-1 cplr131r14ecKoro Kam1T8Ila, MO}l{HO nOApa3- AeIl"Tb Ha "HBeCT"'1"" a) B >K"Ilble 3AaH""; 5) B MaW"Hbl " 050PYAOBSH"e; B) B Toe8pHO-M8TepL-1aIlbHbIS 38naCbl. B 3TOM CMblCIle He Cfl8AY8T CM8WIr1- BaTb YKa3aHHbl8 K8nL-1T8IlOBIlO>KeHHH C Ir1H- B8CTL-1l!VlHML-1 K8K K8TeropHel71 cpL-1H8HCOBOro pbIHKS, rAe nOKynafOTc" " npoAafOTc" TaK"e cp"HaHCOBble aKT"Bbl, KaK aK'1"", 05Il"rS- '1"" " AP. (CM. rn. 21). TaK, HanOMH"M, 4TO B caMyM onpeAe- IleHHV1 Kan\.1T8Ila B W!.1pOKOM CMblcne npL-1- 266 1 CM., Hanpl-1Mep, CaMY3J1b COH n., Hop,Qxayc B. 3KOHOMIt1Ka. 15 1-13,QaHl-1e. M., 1997, rJl. 14.; $1t1- wep C., AOpH6yw P., WMaJ1eH31-1 P. 3KOHOMI-1Ka. M., 1993, rJl.18. Pb fHOK Kanumana u npOLjeHm  cyTCTByeT ynOM"HaH"e a nOTOKe AOXOAOB. YTO 3TO 3S AOXOAbl - HaM npeACTO- VlT BblflCHHTb, 06p8TV1BWL-1Cb K !.1CCIleAOB8HHIO CTPYKTypbl pblHK8 K8n1r1T8Il8. TaK )\{e, K8K VI npL-1 L-1CCIlS,QOB8HL-1L-1 pblHK8 TPY,Q8, HS06XOAIr1MO pa3IlH48Tb Kanuman \.1 ycnyzu Kanumana. lt1 BHOBb Mbl MO>KeM npL-1MeHIr1Tb K8Teroplr1V1 3anaca Ir1 nOTOKa. KanVlT8Il npeACTaSIleH KaK 38n8C, 8 era YCIlyrH - KaK no- TDK. HanpL-1Mep, l!eHHOCTb CT8HK8 BblcTyn88T K8K K8nL-1T8flbHblli1 38n8C, 8 YC- Ilyr", npeAOCTaBIl"eMble 3T"M CTaHKOM B npO'1eCce ero 3,cnIlyaTa'1"", - KaK nOTOK. B CBH3H C 3THM Mbl He ,QOIl)l(Hbl CMeWL-1B8Tb u,eHY KanlitTal1bHblX 6.nar ('1eHY CTaHKOB, MaW"H, 3AaH"" " T.n.) " '1eHY YCIlyr Kan"TaIla (AeHe>KHbIX 8,QVlHIt1L1 38 KOIlL-1Y8CTBO M8WVlHO-Y8COB), KOTopaH H83bIB8STCs:! speHAHOH nnsToii, "Il" peHTHoii O'1eHKoii.' TaK"M 05pa30M, MO>KHO roBOP"Tb 0 Tpex cerMeHT8X pblHK8 K8n1t1T8Il8: Bo-nepBbIX, 0 pblHKe KanumanbHblX 6naz, rAe no- r<ynafOTC" " npOAafOTC" npO"3BOACTBeHHble CPOHAbl; BO-BTOPbIX, 0 pblHKe yc- nye Kanumana, rAe 3T" CPOHAbl MOryT 6blTb CAaHbl HanpOKaT 3a onpeAeIleHHYfO nIlaTY. An" nOKynK" " npOAa>K" Kan"TaIlbHbiX 5Ilar cy6beKTaM Tpe6YfOTC" Ae- He>KHb18 cpeACTB8. CIl8,QOB8TeIlbHO, B-TpeTbIr1X, MO>KHO BbIAeIlL-1Tb eLl.\8 OAHH cerM8HT pblHK8 Kam1T8Il8 - pbfHDK 3aeMHbiX cpeocme, unu CCYOHDZD Kanu- mana. Aoxo.Q, nopO>K.QaeMbIH CCYAHblM KSnlitTS110M J HS3blBaeTCH npo- L\eHTOM. Ero np"pOAY Mbl Bbl"CH"M B XOAe aHSIl"3a Bcex Tpex B3a"MOCB"- 38HHbiX C8rMeHTOB pblHKa K8nV1TaIl8. IIIT8K, 06p8TVlMCH K Ir1CCIleAOBaH\.1j{) K8nL-1TaIl8 K8K 6f18r8 np0L-13BOACTBeH- HOro H83H84eHIr1s:1. B 3KOHOMVl4eCKOVl H8YKe, T8K >Ke, K8K L-1 B 6yxr8IlTepcKoM 8H8IlH38, np!.1HHTO P83IlL-1Y8Tb OCHOBHOH L-1 060POTHblH KanlitTal1. OCHOB- HO' Kam1T8Il B cpVl3H48CK0L4 cpopMe npe,QCT8BIleH 3,Q8HL-1HML-1, M8WL-1H8ML-1, coopY>KeHVlHMVI, T. 8. BC8ML-1 TeM\.1 K8nL-1T8IlbHbIMH 6Il8r8MH AIlIIITeIlbHoro nOIlb30B8HHH, KOTOpbt8 T8ps:1IOT CBOIO l!8HHOCTb no Mep8 L-13HOC8 B TeyeHL-18 H8CKOIlbKL-1X npOIll3BO,QCTB8HHbIX l.\L-1KflOB. 060pOTHblH K8nVlT8Il T8pHST CBOIO UeHHOCTb B T8yeHL-18 OAHOro npOVl3BOACTBeHHoro U,L-1KIl8 VI np8,QCT8BIl8H Cbl- pbeM, M8Tep!.18Il8MIII, 38n8C8MVI roTOBOVl npOAYKl.\L-1L-1 L-1 T. n. B CBH31r1 C nOHflTV1eM OCHOBHOro K8nL-1T8Il8 Heo6xo,QJ.1MO BB8CTJ.1 eli.\.8 OAHY HOBYfO 3KOHOM"4eCKYfO KaTerop"fO - aMopTH3aLlHIO. AMOpT"3a'1"" - TO 06eCl!8HeHH8 OCHOBHoro K8nL-1T8Il8 B pe3YIlbTaTe ero "3Hoca. AIl" B03Mell1eH"" J.13HOweHHoro 38 B8Cb CpOK CIly)\{6bl OCHOB- oro Kan"TaIla C03AaeTC" CPOHO aMopmU3a- L<uu, KYAa nocTynafOT AeHe>KHble cpeACTBa (SMopmU3a4UOHHble om4ucneHUR) nOCIle npOAa>K" roTOBO" npOAYK'1"". HopMa aMOpTH3SL\HH - 3TO OTHOWeH"e e>KerOA- HO" CYMMbl aMOpm3a'1"OHHbIX OT4"CIleH"" K CTOJ.1MOCTL-1 KanVlT8IlbHoro 6Ilara, Bblpa- *eHHoe B npO'1eHTax. AonYCT"M, CTaHOK , HeKOTopble aBTopbl npeWlara- T pa3J1I-1aTb 3TI-1 nOHTI-1 B TOM CMbICJ1e, TO peHTa - 3TO ,QOXO,Q OT HeBOCnp0I-13BO,QI-1MOrO cPaKTopa c He3J1aCTI-1HbIM npeWlO)KeHl-1eM, a apeH,QHafi nJ1aTa - AOXO,Q OT Bocnpo- 1t13BO,QI-1MOro cPaKTopa np0I-13BO,QCTBa ,QJ1I-1TeJlbHoro n0J1b30BaHIt1f1, KaKO- BblM It1 flBJlfleTCfl KanI-1TaJ1. 267 
Inaea 12 CTO"T 1000 AOIln. CpOK ero cnY>K5bl COCTaBIl"eT 10 IleT. TorAa e>KeroAHa" BeIl"4"Ha aMOpT"3a'1"OHHbIX OT4"CIleH"" COCTaB"T 1000 AOIlIl./10 IleT = 100 AOIlIl. HopMa aMOpT"3a'1"" np" 3TOM COCTaB"T 100 AOIlIl./1000 AOIlIl. x 100% = 10%. HOpMbl aMOpT"3a'1"" AIl" pa3Il"4Hb1X B"AOB MaW"H " 060- PYAOBSH"" YCTaH8BIl"BafOTC" 38KoHoAaTeIlbHo. V1 Ha cIlY4a"Ho 3TOT npo- '1ecc HaXOA"TC" nOA KOHTpoIleM rocYAapcTBa. AeIlo B TOM, 4TO aMOpT"3a_ '1"OHHble OT4"CIleH"" He BKIlf04afOTC" B HaIloro05IlaraeMYfO 5a3Y (He nOA- Ile>KaT HaIloro05IlO>KeH"fO). rOCYAapCTBO, YCTaHaBIlHBa", B 4aCTHocm, npaK- T"KY YCKopeHHoii aMOpmU3aL<UU, n03BOIl"eT cp"pMaM 3a AOCTST04HO KOpOT- K"" nep"OA (a He 3a 10-15 IleT) CCPOpM"pOBaTb CPOHA aMOpT"3a'1"" AIl" MHOr"X B"AOB 050PYAOBaH"". 05pall1a"Cb K HaweMY YCIlOBHOMY np"Mepy, roCYASPCTBO MO>KeT YCTaHOB"Tb HOPMY aMOpT"3a'1"" He 10%, a 25%, " Ta- K"M 05pS30M, CPOHA SMOpT"3a'1"" 5YAeT CCPOpM"pOBaH He 3a 10 IleT, a 38 4 roA8. CYLl.\8CTBYIOT P83IlL-1YHbI8 CX8Mbi 8Mopn138u,L-10HHbIX OTY!.1CIl8H!.1C1: - MeTOA npHMoIlHH8V1HO 8MOpn138l..\HH, KorA8 8MOpn138l!L-10HHbI8 OTYC- IleH"", KaK B HaweM nepBoM np"Mepe, npeAcTaBIl"fOT c050" OAHY " TY >Ke CYMMY B Te4eH"e cpoKa pa60Tbi Kan"TaIlbHOrO 5Ilara; - MeToA YCKopeHHo" aMOpT"3a'1H", Y>Ke paCCMOTpeHHbl" HaM"; - MeTOA CHL-1>KalOLl.\erOCH OCT8TK8, KorA8 8MOpn138lJ,a.10HHble OT4L-1CIleHs:I p8CC4L-1TbIB8IOTCH K8K OTHOWeH\.1e OAHOVI VI TO >K8 8MOpTL-138lJ,L-10HHOVl HOp- Mbl (H8npL-1Mep, 10%), HO He K n8pBOH8Y8IlbH0L4 CTOL-1MOCTVI CT8HK8, 8 K era OCTaT04HO" CTO"MOCm Ha Ka>KAbl" roA. Hanp"Mep, B 1-" roA 5YAeT OT4"C- IleHO 10% OT 1000 AOIlIl. Bo 2-" rOA 6YAeT OT4"CIleHO 10% aT CH"3"BWe,,- C" CTO"MOCm CTaHKa (T. e. OT 900 AOIlIl.) " T. A. ct>Y13V1Y8CKIt1a11 K8mn8Il CBH38H C nOHHH1eM OKOl1bHblX J L-1JlL-1 KOCBeHHblX (roundabout) MeTOAOB npoH3BoAcTBa. 3TO MeTOAbl npO"3BOACTBa, CB"3SH- Hbl8 C BpeMeHHblM Il8roM. J].PyrL-1MI-1 Cf10B8MVI, ,QIlH C03A8HL-1H K8nL-1T8IlbHOro 5Ilsrs Tpe5yeTc" BpeM". nOKa>KeM 3TO Ha npocToM np"Mepe. II1cnoIlb3Y" "3- Jl106neHHbiCi 3KOHOM!.1CT8MH MeTO,Q «P06L-1H30H8,Qbl», MO>KHO npe,QCT8BL-1Tb OCT- pOB, Ha KOTOpOM P06"H30H A06blBaeT ce6e npOn"TaH"e rOIlbIM" PYKaM", 583 "CnOnb30BSH"" KaK"X-Il"50 OPYA"" "Il" np"CnOC06IleH"". AonYCT"M, P06"H- 30HY Tp86yeTcH Cb8CTb B ,Q8Hb Y8Tblp8 Kypon8TK!.1. IIIMeHHo T8Koe KOIlH48CTBO 3n1X AHKHX nTL-1u, P06V1H30H MO)\{8T nOVlM8Tb 38 OA!.1H A8Hb. nOTPY,Qj.1BW\.1Cb >K8 M8CHl! AIls:! H3roTOBIl8HV1s:! C\.1IlKOB, T. 8. npVlcnoc06IleHHs:! AIlH IlOBJl\.1 nm'1, P06"H30H CMor 6bl BnOCIleACTB"" Ka>KAbl" AeHb IlOB"Tb 10 KyponS- TOK. 0,QH8KO B Te48HJ.18 Bcero M8CHl!8 npL-1WIlOCb 6bl He OXOTL-1TbCH, 8 3H8- YVlT, roIloAaTb. Tenepb np8AnOIlO>KL-1M, YTO y P06L-1H30H8 eCTb B03MO)\{HOCTb 6paTb eAY (KyponaTOK) B 'peA"T (B3a"Mbl). '-IT05bl "3roTOB"Tb C"IlK", eMY np"- WIlOCb 6bl n"TaTbC" '1eIlbl" MeC"'1 B 'peAHT, 4TO COCTaB"T 4 x 30 = 120 KYpO- n8TOK. CKOIlbKO Kypon8ToK roTOB 6blIl 6bl OTA8Tb P06HH30H BnocIl8,QcTB\I11r1 CB08MY Kpe,QIt1Topy B 06M8H H8 B03MO>KHOCTb JlL-1T8TbCs:! B T8Y8HL-18 TOro Me- cs:!l!a, nOK8 OH 6Y,Q8T L-13roTOBIlHTb CIt1IlKIt1? 3TOT npocToVl np\.1Mep n03BOIls:!eT nOHs:!Tb K8T8ropL-11O YHCTOH npoH3BO 268  Pbl HOK Kanumana u npOLjeHm - .QMTel1bHOCTH KanHTal1a. B H8W8M npL-1M8p8 K8n\.1T8IlOM HBIlHIOTCs:! CL-1IlKH, a nOTpe5"TeIlbCK"M 6IlaroM - nT"'1bl. II1TSK, pa3H"'1a Me>KAY CYMMO" no- Tpe5"TeIlbCK"X 6Ilar, npO"3BeAeHHbIX np" nOMOll1" Kan"TaIla (300 KYpO- naTOK B MeC"'1, T. e. 10 nT"'1 x 30 AHe,,), " CYMMO" nOTpe5"TeIlbCK"X 6Jlsr, KOTOpoC1 np!.1WIlOCb nO>KepTBOB8Tb AIls:! C03,Q8HL-1H K8nVlT8Il8 (120 KyponaTo,), COCTaBIl"eT BeIl"4"HY 4"CTO" npO"3BOA"TeIlbHOcm Kan"- TaIla, T. e. 300 - 120 = 180. V1cXOAH L-13 3TOro, Mbl nOIlyya8M OTBeT \.1 H8 nOCT8BIl8HHbJVI Bonpoc. Po- 5WH30H MO>KeT ce5e n03BOIl"Tb OTAaTb 3S nOIlY4eHHbl" KpeA"T B KOH'1e BTO- poro MeCR'1a He 50Ilee 180 KyponaToK. MO>KHO B HaW"X paccY>KAeH""X 050"T"Cb " 6e3 "CnOIlb30BaH"" KaTero- pHH KpeA"Ta (XOT" B3a"Mbl IlfOA" 5paIl" APyr Y APyra " B HaTypaIlbHoM xo- sRAcTBe). ECIl" P05"H30H Ha 30 AHe" OTKa>KeTC" aT M"CHO" n"ll1" " CTaHeT BereTSp"aH'1eM, T. e. 6YAeT n"TaTbC" paCT"TeIlbHO" n"ll1e", He 3aTpS4H- Bafl Ha ae nOHCKL-1 npaKTIr1Y8CKIr1 HIr1K8KOro TPYA8, TO 38 MeCHl! OH CMO>KeT CAeIlSTb C"IlK". AaIlee '1"CPPOBble BbIKIlaAK" OCTafOTC" TeM" >Ke: P05"H- I)H nO>KepTBOBaIl onpeAeIleHHblM KOIl"4eCTBOM KyponaToK (4 x 30 = 120), QTo5bl BnOCIleACTBH" nepe"m BHOBb Ha M"CHYfO eAY " IlOB"Tb C nOMO- U(bfO C"IlKOB Y>Ke 300 nT"'1. '-I"CTa" npO"3BOA"TeIlbHOcTb Kan"TaIlS COCTa- 111fT 300 - 120 = 180. r. T8KIr1M 06p830M, npOVl3BOA!.1TenbHOCTblO 06Ila,Q88T He TOIlbKO TPYA, HO L-1 Ka'nHT8Il, T8K K8K nplr1 nOMOL-1 K8nL-1T8n8 MO)\{HO nOIlYYVlTb 60IlbW88 KOIl!.1Y8- (!TBO npOAYK'1"" (06eCne4"Tb ce6e nOTOK AOXOAOB B B"Ae nOTpe6"TeIlbCK"X 6hsr). Ho 3,QeCb Ba>KHO nOA4epKHYTb, 4TO, eCIl" TaK"e cpaKTopbl, KaK TPYA " 3eMJ1H, npeACT810T s:!BIleHL-1HM!.1, C03P,8HHbIMIr1 BH8 3KOHOMIt1Y8CKOVl CIIICT8Mbl, TO 1(8nYlT8IlbHbl8 6Ilar8 np8,QCT8IOT K8K cp8KTOp, np0It13BOAL-1MbIL4 C8MOVI 3KOHO- MVl4eCKOVl C!.1CTeMoH. K8TeropL-1H YL-1CTOIit npm13BOAL-1TeIlbHOCTL-1 K8m1T8Ila nOMO>K8T H8M 06bHC- HIo1Tb T8K\.1e B8>KHble nOHHTL-1H B 3KOHOM\.1Y8CKOVI T80pL-1L-1, K8K AOXOAHOCTb K8- nTaIlOBIlO>KeH"" " cnpoc Ha Kan"Tan. Ho, npe)KAe 4eM pacKpblTb coAep- >RaHlo1e 3TL-1X nOHHTL-1V1, 38MeTHM, YTO LJVlCTYIO npoVl3BO,Qa.1TeIlbHOcTb K8mn8Il8 MO>KHO npeACT8BL-1Tb Ir1 B npOl!8HTHOM Bblp8>K8H\.1L-1. Ecm1 BM8CTO cplt1- 3IIeCK"X eA"H"'1, T. e. 180" 120 KyponaToK, Mbl nepe"AeM K OTHOC"TeIlb- HblM BeIl"4"HaM, TO nOIlY4"M: 180/120 x 100% = 150%. , 4HCT8H np0!.13BO,QVlT8J1bHOCTb K8nL-1T8Il8, npe,QCT8BIl8HH8H T8K\.1M 06P8- '30M, - 3TO BbJpa>KeHH8H B np0l..\8HTaX AOXO,QHOCTb KanHT8n8, Vlf1L-1 HopMa AOXOAa Ha Kamnal1. YVICTYIO np0L-13BOAL-1TeIlbHOcTb K8nL-1T8n8, Bblpa>K8HHYIO B npou,eHT8X, ell.l,8 H83blB81OT «ecTecTBeHHO1» HOpMOYI npOl.J,eHTa (He ny- TaTb C pbIH04HO" HOpMO" npO'1eHTa no Aen03"TaM B 6SHKax) - 06 3TOM 6y- Aer CK838HO A8Il88. Ho n04eMY «8CT8CTB8HHOVl»? nOTOMY 4TO B H80KIlac- CIo14ecKO TeOpVl\.1 cnoc06HoCTb K8nJ.1T8Il8 npL-1HOC\.1Tb AOXOA B BIr1,Q8 npou,eH- a C4a.1T8eTcH eCT8CTB8HHbiM CBOL4CTBOM 3TOro cpaKTop8 npoVl3Bo,QcTBa. TaK, . napeTo nOIl8r8Il, YTO np0L-13BOA!.1T8IlbHOCTb Kamn8Il8 np8ACT8BIl5=l8T CQ- 269 
Inasa 12 50" He 60IlbWYfO np06IleMY, 4eM TO, 4TO B"WHeBOe AepeBO np"HOC"T B"W- H". 3TO - eCTeCTBeHHO. HopMa AOXOAS Ha ,an"TaIl "rpaeT Ba>KHYfO pOIlb npH cp8BHeHH!.1 BbirOAHOCH1 p83IlYHbIX L-1HBeCTiIIl...!!.1V1 B 8IlbTepHaTJ.1BHble npOeKTbl. np" np04"X paBHblX YCIlOB""X pa'1"OHaIlbHbl" 3KOHOM"4eCK"" cy6beKT npeAn04TeT OCYll1eCTB"Tb "HBeCT"'1H" B npoeKT, np"HOC"ll1"" 60- Ilee BblCOKYfO HOPMY AOXOAa.  2. Cnpoc 1>1 npeAI10>KeHl>1e Ha pblHKe YCI1yr Kanl>1TaI1a ECIl" Mbl np"H"MaeM BO BH"MaH"e pa3Il"4"e Me>KAY pblH- KOM KanHT8IlbHbiX 6Ilar 1/1 pblHKOM ycnyr K8nJ.1T8Il8, TO H8M CT8HYT nOHSHHbl- M" pa3Il"4"" Me>KAY cy6beKTsMH cnpoca Ha KanHTaIl " ero npeAIlO>KeH"" H8 p83HbiX cerMeHT8X pblHKa KanJ.1T8Il8. Boo6Ll.\e B pblHOYHOI71 3KOHOMiIIKe npeAIlO>KeH"e cpaKTOpOB npO"3BOACTBa (TPYAa, Kan"TaIla, 3eMIl", npeAnp"- H"MaTeIlbCK"X YCIlyr) OCYll1eCTBIl"fOT AOMaWH"e X03""CTBa, a cnpoc Ha cpaKTOpbl npO"3BOACTBa npeAb"BIl"fOT CPHPMbl (5"3Hec). CIleAOBaTeIlbHO, L-1 H8 pblHKe K8nL-1T8IlbHbIX 6Il8r cnpoc H8 HL-1X npeAbs:lB- Il"eT 6"3HeC, a npeAIlO>KeH"e Kan"TaIlbHbiX 6Ilar OCYll1eCTBIl"fOT AOMaWH"e X03HVlCTBa. 3T\.1 cy6beKTbi pblHKa, HBflHIOLl.\L-18CH nOCTaBlL\!t1KaMH KanL-1T8Ilb- HblX 6Il8r, He npeAOCT8BIlHIOT, K8K MO:>KeT nOK838TbCs:! Ha nepBblVi B3rns:!,[I, CTaHK", MSW"Hbl, 050PYAOBaH"e B "X HaTypaIlbHoM B"Ae cp"pMaM (5"3He- cy). OH" npeAOCTaBIl"fOT 3aeMHbie cpeACTBa (CBO" c5epe>KeH"") AIl" oCY- ll1eCTBIleH"" "HBeCT"'1"", 5IlaroAap" KOTOpblM " 5YAYT np"05peTeHbl Ksn"- TSIlbHble 5Ilara. Ha pblHKe YCIlyr Kan"TaIla cnpoc " npeAIlO>KeH"e oCYll1e- CTBIl"fOT, ,aK npaB"IlO, CP"PMbl (5"3Hec), cAafOl11"e B ape HAY np"HaAIle>KS- Vle L-1M K8nL-1T8IlbHble 6Il8ra no onpeAeIl8HHoVl CT8BKe, KOTOp8s:!, K8K Mbl OT- Me48IlV1, Ha3blB8eTCH 8peHAH0ll1 nIlaTOL4, L-1IlL-1 p8HTHOVI Ol\eHKOL4. T8K, HanpVl- Mep, cp"pMa MO>KeT cAaTb B ape HAY np"HaAIle>Kall1"e e" KOMnbfOTepbl, no onpeAeJleHHOL4 peHTHoli1 0l...!8HKe 38 1 M8WVlHO-Y8C. cPL.13V1yeCKL-1VI K8nL-1T8Il nOIlb3yeTcH cnpocoM, nOToMY 4TO OH npOH3BOAL-1T8IleH. Ho B8:>KHO 38M8TL-1Tb, YTO, KorA8 Mbl roBOpHM 0 cnpoce Ha K8nL-1T8Il K8K cpaKTop np0J.13BO,[lCTB8, TO He MO>KeM a6CTparV1pOB8TbCH OT cnpoca H8 38eMHbl8 Cp8,[1CTBa, He06xOAL-1Mble AIls:! npill06peTeHL-1H K8nL-1T8f1a B cp"3"4eCKO" ero cpopMe (MaW"Hbl, 060PYAOBaH"e " T. n.). Cnpoc Ha Ka- numan - 3mo cnpoc Ha 3aeMHbie cpeocmea (CCYOHblii Kanuman), a He npo- CTO Ha AeHbrH. 4HCTO BH8WHe cnpoc H8 CCYAHblCi K8nL-1T8Il npe,qCT88T KaK cnpoc Ha onpeAeIleHHYfO CYMMY AeHer. Ho cnpoc Ha AeHbr" KaK AeHbr" " cnpoc Ha CCy,qHbIVl K8nVlTaIl - 3TO He O,qHO VI TO :>Ke. 6L-13HeC np8,qbs:!BnS::;8T cnpoc Ha 3aeMHbJe Cp8ACTBa AIlH OCYLl.\eCTBIl8HL-1H Ir1HBeCTL-1l...!VlVI, T. e. 8MY Tpe6yeTc" onpeAeneHHa" AeHe>KHa" cYMMa AIl" nonOIlHeH"" npO"3BOA- 270  pr-Ji HOK Kanumana u npOLjeHm - CTBeHHblX CPOHAOB (Kan"TaIla B cp"3"4eCKO" cpopMe). KOHe4Ho, AOMaw- He X03""CTBa (HaceIleH"e) TO>Ke npeAbBIl"fOT cnpoc Ha AeHbr", HO nppOAa 3Toro cnpoca "Ha" (CM. rn. 20), Ta, KSK He CB"3aHa C npeAnp"- HMaTeIlbCKO" Ae"TeIlbHOCTbfO. KpOMe TOro, He 5YAeM 3a5blBaTb, 4TO cnpOC Ha cp"3"4eCK"" Kan"TaIl, TaK >Ke, KaK " Ha APyr"e cpaKTopbl npO"3- BoAcTBa, "BIl"eTC" npO"3BOAHbIM cnpOCOM (CM. rn. 10), T. e. OH 3aB"C"T OT cnpoca Ha Te 5Ilara " YCIlyr", B npO"3BOACTBe KOTOpblX "CnOIlb3yeTc" CP"- 34eCK"" Kan"TaIl. PSCCMOTP"M nOCIleAOBaTeIlbHO BHa4aIle cnpoc " npeAIlO>KeH"e Ha PbIH-  YCIlyr Kan"TaIla, "CnOIlb3Y" "3BeCTHble HaM Kp"Bble cnpocs " npeAIlO>Ke- HR Ha pecypCbl. 3aTeM Mbl "CCIleAyeM cnpoc " npeAIlO>KeH"e Ha pblHKe 3a- 6111HbiX cpeACTB, a nOCIle 3TOro - cnpoc " npeAIlO>KeH"e Ha pblHKe Kan"TSIlb- HblX aKT"BOB. , Cnpoc Ha YCIlyr" Kan"TaIla MO>KHO npeACTaB"Tb rpacp"4eCK" B B"Ae pBO", "MefOl11e" OTp"'1aTeIlbHbl" HaKIlOH (P"c. 12.1). , 1113 rpacp"Ka B"AHO, 4TO no Mepe BOBIle4eH"" B npO"3BOACTBeHHbl" npo- \lecc Bce 50Ilbwero KOIl"4eCTBa YCIlyr Kan"TSIla (np" np04"X paBHblX YCIlO- BRX) CH">KaeTC" npeAeIlbHbl" npOAYKT KSn"TaIla B AeHe>KHOM Bblpa>KeH"" (MRP K ) , "Il" npeAeIlbHa" AOXOAHOCTb Kan"TaIla. 3Ta 3aKoHoMepHocTb AIl" HaC He HOBa - TO >Ke caMoe Ha5IlfOAaeTCR " np" YBeIl"4eH"" YCIlyr TpYAa " H>KeH"" ero npeAeIlbHoro npOAYKTa. CIleAOBSTeIlbHO, Mbl CTaIlK"BaeMC" . Y>Ke "3BeCTHbIM 3aKOHOM y5blBafOll1e" AOXOAHOCT". 3TOT 3aKOH nOMoraeT nOHRTb A"HaM"KY ypOBH" AOXOAa Ha KanHTaIl, "Il" 4"CTO" npO"3BOA"TeIlb- itPcT" Kan"TaIlS. np" np04"X paBHblX YCIlOB""X (T. e. He"3MeHHbIX 06beMax IIcnoIlb3yeMbix cpaKTopOB TPYAS " 3eMIl") 4"CTa" npO"3BOA"TeIlbHOCTb Ka- 'hIilTaIla, "Il" «eCTeCTBeHHa"» HopMa npO'1eHTa (YPOBeHb AOXOAS HS KSn"- e811) "MeeT TeHAeH'1"fO K nOH">KeH"fO no Mepe paCTa BOBIle4eHHbiX B npo- M3BOACTBO YCIlyr Kan"TSIla. 3TY 3aKOHOMepHOCTb AaBHO 3SMeT"Il" 3KOHO- t.ICTbl npowIloro - A. CM"T, A. P"KSPAO, K. MapKC, A. MapwaIlIl " MHOr"e MRPK,R . o K D K o YCJIy1'H JillUHTaJla, MarJJJral)-"Ia<:OB pUc. 12.1. Cnpoc Ha ycnyau Kanumana KaK OmpaJKeHUe npeoenbHou OOxooHocmu Kanumana 271 
Inasa 12 ,QpyrVle TeOpen1KH. 3TO 3Ha8T /II 6H3H8C Ha CBoeM onblT8, 4L-1CTO 3MnL-1pW-I8C_ KH: yeM 60JlbW8 KanL-1T8nbHbtlll 3an8C B CTp8He, T8M M8HbW8 (npL-1 npoyl.1x paBHblX YCIlOB""X) OTAa4a aT Hero, "Il" np"6bIIlbHOCTb. BOT n04eMY B 60ra- TblX K8nHT8Il8MIII npOMblwneHHo pa3BL-1Tb1X CTpaH8X ypOB8Hb AOXO,Q8 H8 Ka- nlllTaIl MO>KeT OK83aTbCH HV1>Ke, Y8M B MeH88 P83BV1TbIX, He TaK HaCblLl.\8H_ HblX KanHTaIlaM!.1 CTp8H8X. KpOMe nOH">KaTeIlbHO" TeHAeH'1"" ypOBH" AOXOAa Ha KanHTaIl Ba>KHO nOA4epKHYTb, 4TO np" M"rpa'1"" Kan"TaIla Me>KAY pa3Il"4HbIMH OTpaCIl"M" npoMbIWIl8HHOCT" B YCIlOB""X cOBepweHHO" KOHKyp8H'1"" 3TOT ypOBeHb "MeeT T8HAeH'1"fO K BblpaBHHBaH"fO. 111 Ae"CTB"TeIlbHO, eCIl" He CYll1 eCT BY- eT 6apbepoB AIl" BXO>KAeH"" B OTpacIlb " BblXOAa "3 Hee, CIl"WKOM BbICO- K"e ypOBH" AOXOAa Ha Kan"TaIl, Hanp"Mep, B n"ll1eBO" npOMbIWIl8HHOCT", np"BIleKYT cfOAa npeAnp"H"MaTeIle". no Mepe paCta Kan"TaIlOBIlO>KeH"" B 3TY OTpSCIlb, ypOBeHb "X AOXOAHOCT" HS4HeT CH">KaTbC", a B Tex OTpaCIl"X, KOTOpbl8 K8nHT8Il nOKHHYIl, AOXOAHOCTb K8n!.1TaIlOBIlO>K8HHI71 H84HeT nOBblwaTbC", TaK"M 05pa30M, B YCIlOB""X COBepW8HHO" KOHKypeH'1"" CBO- 50AHbl" nepeIl"B Kan"TaIla np"BeAeT K BblpaBH"BaH"fO aIlbTepHaT"BHO" LJ,eHHOCTV1 pa3IlHYHbiX npoeKTOB K8mn8IlOBIlO>K8HIIIVI. KaKoe >Ke KOIl"4eCTBO YCIlyr Kan"TaIla 5YA8T np"05peTaTb cp"pMa? AIl" OTBeTS Ha 3TOT Bonpoc (CM. P"C. 12.1) He05xOA"MO conOCTaB"Tb npeAenb- Hbl" npoAYKT Ka"TaIla B AeHe>KHOM BblpS>KeH"" (MRP K ) co CIlO>K"BWe"C" Ha pblHKe '1eHO" YCIlyr Kan"TaIla, T. e. peHTHoi< oLleHKo" (R). OnmManb- Hoe KOIlH4eCTBO YCIlyr Kan"TaIla 5YA8T np"05peTeHO TOrAa, KorAa MRP K 5y- AeT pSBeH peHTHO" O'1eHKe (Hanp"Mep, peHTHaR O'1eHKa R n p " K r A e K _ o 0' 0 KOIl"4eCTBO YCIlyr Kan"TaIla). Tenepb 05paT"MC" K aHan"3Y npeAIlO>KeH"" YCIlyr Kan"TSIla KaK cpaK- Topa npO"3BOAcTBa. KaK npaBMo, YCIlyr" Kan"TaIla nOCTaBIl"fOTC" APyr APyry cp"pMaM", CAafOl11"MH B apeHAY np"HaAIle>Kall1ee "M 050PYAOBaH"e. Ho He 5YAeM 3a6blBaTb, 4TO 3Ha4"TeIlbHa" 4aCTb YCIlyr Kan"TaIla np"06pe- TaeTC" cp"pMaM", "CnOIlb3YfOll1"M" C05CTB8HHOe 060PYAOBaH"8 (cp"PMbl ,a, 5bl ap8HAYfOT CaM" Y ce6" np"HSAIle>Kall1ee "M 050PYAOBaH"e). npeAIlO>Ke- HL-18 YCIlyr KanL-1T8n8 MO>KHO p8CCMOTp8Tb B Kp8TKOCpOYHOM III ,QOIlroCp04HOM n8pHOAe. B nepBOM CIlYY8e OHO HBJ1H8TCH 86cOIlIOTHO He3Il8CTHYHbIM, TaK K8K 38 KOpOTKt.1L4 npOMe>KYTOK Bp8MeHH H8Jlb3H YB8IlIt1Y!.1Tb KOIlll14eCTBO YC- Ilyr CT8HKOB, M8WJ.1H, 060PY,QOB8HL-1H 14 T. n., ucnoflb3yeMbix C HeU3MeHHblM yp08HeM UHmeHCUSHocmu. OAH8KO B AOIlroCpOYHOM n8plllOA8 np8,QIlO>K8HIt!8 YCIlyr K8nL-1T8n8 CT8HOB\.1TCfI 3Il8CTHYHbIM, nOCKOIlbKY L-13M8HH8TCfI caM8 B8- Il"4"Ha_ Kan"TaIlbHoro 3anaca CTpaHbl (CTaHKOB, MaW"H, 050PYAOBaH""), KOTOpbJL-1 It! MO>KeT nOCT8BHTb 60Ilbwe YCIlyr K8nIllTaIl8. fpacp"48CK" npeAIlO>KeH"e YCIlyr Kan"T8na B AOIlroCp04HOM nep"OAe MO)\{HO npeACT8BHTb B BV1Ae KpHBOCi, L-1MelOLl.\8V1 nOIlO>Kt.1T8IlbHbIVl HaKIlOH (P"C 12.2). 272 PblHDK Kanumana u npou,eHm MOC,R""" npeAenbHbl8 3AepiKKIiI ynyw,eHHblX B03MOiK- HOCTei1 IiIcnonb30BaHIIII1 Kam1Ta.na (MOC) iii MIiIHIiIMa.nbHal1 peHTHal1 OL\eHKa (R"'in) R""" s, o I I I K. YeJI}'J:nJUl.UHTaJla, MalIIHHO-'1acOB Puc. 12.2. npeOnOJKeHUe ycnye Kanumana KaK OmpaJKeHUe npeoenbHblx U30epJKeK ynyU(eHHblx a03MOJKHOCmeU ucnonb30eaHUR Kanumana n04eMY Kp"BaR npeAIlO>KeH"" YCIlyr Kan"TaIla SK "MeeT nOIlO>K"T8Ilb- Hbl" HaKIlOH? nOTOMY, 4TO Te Cy5b8KTbl, KOTOpble npeAIlarafOT YCIlyr" Kan"- TSIlS, OTKa3bIBafOTC" aT SIlbTepHaT"BHOrO ero np"MeHeH"'" AonYCT"M, He- KSR cp"pMa np"05peIlS BeIlOTpeHa>Kep " CAaeT ero B ap8HM KOMMep4eCKO- MY CnOpT"BHOMY KIly5y. LjeIlb nOA05HO" onepa'1"" - nOIlY4eH"e apeHAHO" nn8Tbl, L-1IlIil p8HTHOVl OLJ,8HKIo1 3a YCIlyn1 T8KOro K8nlllTa.nbHoro 6Il8r8, KaK B8- IlOTpeHa>Kep. 4eM Bblwe 5YAeT peHTHa" O'1eHKa, CIlO>K"BWa"C" HS pblHKe npo- KaT8 AaHHoro K8mnaIlbHoro 6Ilar8, T8M 60Ilbwe K8nL-1T8IlbHbIX YCIlyr MO>K8T 6blTb nOCT8BJleHO. K8Koe >K8 KOIlV148CTBO YCIlyr KanV1TaIl8 6YAeT nOCT8BJ1HTb Haw BJl8A8n8l! K8n!.1T8IlbHOro 6Il8ra? .o.Ilfl 3TOro HY>KHO cpaBHV1Tb T8K H83bl- Ba8MYlO MUHUManbHO npueMneMym peHmHym ou,eHKY (R min ) III np8AeJlbHbl8 3A8p>KK" ynYll1eHHblX B03MO>KHOCTe" (MOC - marginal opportunity cost), CBH38HHbl8 C BIl8,q8H\.1eM A8HHbiM aKT!.1BOM (H8npL-1M8p, R min = MOC npV1 npeAIlO>KeH"" YCIlyr Kan"TaIla Ko)' He 6YAeM 3a5blBaTb, 4TO cp"pMa HeceT "3Aep>KK" ynYll1eHHblX B03MO>K- HocTe", npeAOCTaBIl"" Kan"TaIlbHOe 5Ilaro B ap8HAY. BeAb AIl" nOKynK" 3TOro 6n8r8 HY)f{HO 6blIlO 3aTp8TL-1Tb onp8AeneHHbie A8H8>KHb18 cpeAcTBa, CBOl1 c06cTBeHHbl8 \.1IlV1 388MHb18. ECIlL-1 CBOII! C06CTB8HHbI8, TO cplilpMa OT- KS3aIlaCb Ha onp8AeIleHHbl" nep"OA BpeMeH" aT APyr"x, aIlbTepHaT"BHbIX cnbc050B "CnOIlb30BaH"" 3T"X AeH8>KHbIX CP8ACTB (MO>KHO 6blIlO 6bl Kyn"Tb Y4acToK 3eMIl" " nOIlY4aTb apeHAHYfO nIlaTY; nOIlO>K"Tb AeHbr" Ha Cp04Hbl" Aen03"T nOA npO'1eHTbl " T. A.). TaK"M 06pa30M, Mbl B"A"M, 4TO pblHOK yc- Ilyr K8nHT8Il8 Hepa3pblBHO CBH3aH C pblHKOM 388MHbiX CP8ACTB. Apyr"M" CIlOBaM", 4eM 50IlbWYfO CYMMY AeHer cp"pMa BKIlaAblBaeT B nOKynKY Kan"TaIlbHoro 6Ilara, TeM 50Ilbwe npeAeIlbHbl8 "3Aep>KK" ynY1l18H- HblX B03MO>KHOcTet1, KOTopble OH8 HeCeT. B03BpaaflCb K M\.1HIIIM8IlbHO npll!eMIl8M0L4 peHTHOL4 OLJ,8HK8, MO>KHO CKa- 3aTb, YTO OHa AOIl>KH8 6blTb ,QOCTaT04HOIII ,QIlfl TOro, 4T06b1 nOKpblTb T8 1113- 273 18 KYPC3KoHoMw-!ecKo Teoplillil 
rnasa 12 R R. o I I I D K =8,. YCJlYfH KanHTaJla,MamHHO-'1aCOB Puc. 12.3. PaeHoeecue Ha pblHKe ycnyz q,u3Ul.feCKOZO Kanumana Aep>KK", KOTopble B03H"KIl" npH CAa4e B apeHAY Kan"TaIlbHoro 5Ilara (B pac- 4eTe Ha roA): roAOBYfO aMOpT"3a'1"fO CAaBaeMoro B apeHAY 5Ilsra, nIlaTY 3a 3aeMHbie cpeAcTBa, eCIl" 5paIlacb cCYAa AIl" nOKynK" Kan"TaIlbHOrO 5Ilara, cTpaxoBKY " T. A. 111, HaKOHe'1, He05xoAHMO COeA"H"Tb ABa rpacp"Ka BOeA"HO, T. e. cnpoc Ha YCIlyrH Kan"TaIla " npeAIlO>KeH"e YCIlyr Kan"TaIla (P"c. 12.3). KaK B"AHO "3 rpacp"Ka, cnpoc Ha YCIlyr" KanHTaIla ypaBHOBeW"BaeTC" C npeAnO>KeH"eM YCIlyr Kan"TaIla np" peHTHO" O'1eHKe R E . nf05ble CAB"r" Kplt1BblX SK H D K nOA B03AeL4CTBHeM H3MeHeH"" B TeXHOJlOrHVI, nOTpe6lt1TeIlb- CKHX BKYCOB "., npeAnOYT8H"" 101 T. A. V13MeHHT ypOBeHb p8BHOBeCHO peHT- HO" O'1eHK" Ha pblHKe YCIlyr Kan"TaIla (CM. AaIlee S 4).  3. Cnpoc iii npeAnO>KeHlile Ha pblHKe 3aeMHbiX cpeACTB (CCYAHoro Kamnana), PeanbHble iii AeHe>KHble Teoplillil npOLleHTa Tenepb HaM npeACTO"T Bbl"CH"Tb MeXaH"3M cnpoca " npeAIlO>KeH"R Ha pblHKe 3aeMHbiX cpeACTB (CCYAHoro Kan"TaIla) " np"pOAY TaKoro cpaKTOpHoro AOXOAa, KaK npO'1eHT. BHa4aIle Mbl "3IlO>K"M TaK Ha3bl- BaeMYfO peanbHYIO meopulO npOL<eHma, pa3pa50TaHHYfO npeACTaB"TeIl"M" H80KJl8CCIt1l.JeCKOVl WKOIlbl, a 3aTeM OCTaHOBHMCs:I Ha OeHeJKHOU meopuu npo- L<eHma, B"AHe"W"M npeACTaB"TeIleM KOTOpO" RBIl"eTC" A>K. M. Ke"HC. Bblwe OTM8l.J8IlOCb, 4TO cy6beKTaMH np8AIlO>K8H!.1H KanHTaIl8 HBIlHIOTCs:I AOMaWHlr1e X03HL1CTS8. V1 TaM >K8 Mbl 3a MeTVlIl 101 , YTO 3TO He cIleAyeT nOHIr1- M8Tb B TOM CMbICJl8, 4TO HaC8Il8H!.1e np8AIlar8eT 61r13Hecy CTaHKV1, MaWIr1HbJ, 050PYAOBaHM B cp"3"4eCKOM "X Bblpa>KeH"". AOMaWH"e X03""CTBa npeA- Ilar810T 38eMHbl8 cpeACTsa, T. 8. AeH8>KHbJe CYMMbl, KOTOpbJe 6V13Hec L-1C- 274 Pbl HDK Kanumana u npOLjeHm - nonb3yeT AIlR np"05peTeH"" npO"3BOACTBeHHbIX CPOHAOB. Ha AaHHOM YPOB- He SHaIl"3a s5CTpar"PyeMcR nOKa OT Taro cpaKTa, 4TO npeAIlO>KeH"e "HBeC- T"'1"OHHbIX cpeACTB npO"CXOA"T np" nOMOll1" cp"HaHCOBbIX nOCpeAH"KOB ("HBeCT"'1"OHHbIX CPOHAOB, KOMMep4eCK"X 5aHKOB " T. n.). Cnpoc HS pblHKe 3aeMHbiX cpeACTB, KaK Mbl Bbl"CH"Il" paHee, onpeAeIl"- eTCR nOTpe5HOCTbfO 5"3HeCS B np"05peTeH"" cp"3"4ecKoro Kan"TaIla AnR OCY- llIeCTBIleH"" "HBeCT"'1"OHHbIX npoeKTOB. Tenepb no OC" a5c'1"cc (CM. P"c. 12.4) Mbl OTKIlaAblBseM BeIl"4"HY 3aeMHbiX cpeAcTB, a Ha OC" OPA"HaT - AO- XOA aT CAeIlaHHblX "HBeCT"'1"". Kp"Ba" cnpoca OK (Tenepb 3TOT >Ke C"MBOIl 0503Ha4aeT cnpoc He HS YCIlym cp"3"4ecKoro Kan"TaIla, a cnpoc HS 3aeMHbie cpeACTBa) 5YAeT "MeTb OTp"'1aTeIlbHbl" HaKIlOH. 111 05b"CH"eTC" 3TO y5bl- S81Oelll npe,QeIlbHOL4 np0Ir13BOAV1TeIlbHOCTblO !.1HB8CT!.1l...\L-1V1 no Mepe TOro, KaK YS8IlVll.JLilBa8TCH KOIlIt1l.JeCTBO np!.1BIl8K88MOro CCY,QHOro K8nV1T8Il8. HopMa AOXO,Q8 OT L-1HBeCT\.1l!L-1111 p8CC4Li1TblB88TCfI KaK OTHoweHLil8 ,0.0- XOAS OT "HBeCT"'1"" K 06beMY "HBeCT"pOBaHHbIX cpeACTB, Bblpa>KeHHOe B npO'1eHTax. ECIl" "HBeCT"pOBaH"e 100 AOIlIl. np"HOC"T AOXOA 10 AOIlIl., TO HopMa AoxoAa OT "HBeCT"'1"" COCTaB"T: 10 AOIlIl./100 AOIlIl. x 100% = 10%. Kp"Ba" npeAIlO>KeH"" 3aeMHbiX cpeACTB 6YAeT "MeTb nOIlO>K"TeIlbHbl" HaKIlOH (P"c. 12.5). 3Ta Kp"Ba" OTpa>KaeT He 4TO "HOe, KaK npeAIlO>KeH"e c6epe>KeH"" AO- MaWHLilX X03s:1V1CTB. III 3AeCb T8K >Ke, KaK "., B cnY4ae C pblHKOM YCIlyr Kan!.1T8- na, np"4"HO" "MeHHO TaKO" ee KOHcp"rypa'1"" "BIl"fOTC" paCTYll1"e npe- AeIlbHble H3Aep>KK" ynYll1eHHblX B03MO>KHOCTe". Pe4b "AeT 05 ynYll1eHHO" B03MO>KHOCT" nOTpaT"Tb CBO" c6epe>KeH"" B HSCTO"l11eM nep"OAe BpeMe- HH. Ha nOCIleAHeM 05CTO"TeIlbCTBe Mbl OCTaHOB"MCR nOAP05Hee, 4T05bl 05bRCH"Tb TaKYfO KaTerop"fO, KaK HopMa BpeMeHHyro npeAn04TeH"". np" "CCIleAOBaH"" pblHKa CCYAHOro Kan"TaIla " KSTerOp"" npO'1eHTa 04eHb Ba>KHO ell1e pa3 nOA4epKHYTb pOIlb !jISKTOpS BpeMeHH. TaK, Kp"Ba" SK cBV1,Q8TeIlbcTByeT 0 TOM, YTO AOMawHee X03f1I71CTBO OTK83blBaeTCH OT Te- KYll1ero nOTpe5IleH"" CBO"X c6epe>KeH"", npeAIlaraR "X B CCYAY. 3Aecb Mbl &PMa /1;OXO/1;a Or, . npoeHTax . Ha OCIII a6cLlVIcc - 3aeMHbie cpe,QCTBa, IIIIlIil IIIH6eCTIiILlVIVI B ,Qe- He}l{HblX e,QVlHVlLlax. Ha OCVI Op,QVI- HaT - HopMa ,Qoxo,Qa OT VlHseCTVI- LlVlVI, B npOLjeHTax o 3aeMHLIe cpe/1;cma Puc. 12.4. Cnpoc Ha pblHKe 3aeMHblX cpeocme (CCYOH020 Kanumana) 275 18' 
Inasa 12 IIpep,eJU.Hhle H3p;ep1KKJl ynyn<e B03MOlKHOCTeH SK Ha DCIII a6cl\lIIcc - Sefllll41t1Ha c6epe)l{eHIIILII, IIIfllll SeJ1L.14111Ha 3aeMHbiX Cpe,QCT8 8 ,QeHe)l{HbiX e,QIIIHIII4ax. Ha DCIII Dp,QIIIHaT - npe,QeIlbHble 1113,qep}\{_ Kill ynYLLleHHblX 8D3MO)l{HOCTeLII, IIInL1 LjeHa OTKa3a OT TeKYLLlero nOTpe6ne_ Hills:! C6epe)l{eHIIILII, OHa 1113Meps:!eTC HOpMOLli 8peMeHHyro npeAn04TeHItI, 8 npOL\eHTax o 3aeMllLle cpep;CTBa Puc. 12.5. npeiJnOJKeHUe Ha pblHKe 3seMHblX cpeiJcma CTaIlKB88MCH C np06IleMO, KOTOpylO B 3KOHOM\.1l.J8CKOVl T80pL-1!.1 H83blB81OT Me>KBpeMeHHb/M BbI50pOM. BbIAeIleHHbl" TepM"H 03Ha4aeT ebl60p 3KOHO- MU4eCKoeo cy6beKma eo epeMeHU. B AaHHOM CIlY4ae pe4b "AeT 0 Bbl50pe Me>KAY TeKYll1"M " 5YAYll1"M nOTpe6IleH"eM AeHe>KHoro AoxoAa AOMaWHero X03HCTB8. KaKOBbl MOTHBbl T8KOro Bb160pa B nOIlb3Y OTK838 OT T8KYLl.\ero nOTpe5IleH""? AOMawHee X03""CTBO paCC4"Tb1BaeT Ha nOTOK AOXOAOB B 6YAYll1eM. npO'1eHT " "BIl"eTCR nIlaTO" 3a TO, 4TO BIlaAeIle'1 3aeMHbiX cpeACTB npeAO- CT8BIlfl8T APyrM Cy6b8KT8M B03MO>KHOCTb cero,qHWHero, T8KYLl.\8ro C- nOIlb30B8HL-1f1 Kan!.1T8Il8. Ho nOyeMY 38 T8KYlO B03MO>KHOCTb H8AO nIlaTIt1Tb? 3KOHOMVlY8CK8H T80pHfI !.1CnOIlb3Y8T AonYLl.\eHlt1e 0 TOM, '-ITO ceaOOHRW- Hue 6naea IlI00U OL<eHUealOm Bblwe 6yaywux 6nae. OC05yfO "3BeCTHOCTb B CBH3H C 3TL-1M HMelOT p860Tbi npeACT8BHT8IlH 8BCTplt1L11CKOVl WKOIlbl, Y>K8 3H8- KOMOro HaM no rn. 5, E. 5eM-5aBepKa, BbIAB"HYBwero TeOp"fO npeAn04Te- H"" 5Ilar HaCTO"ll1"X 5IlaraM 6YAYll1"M. Pe4b "AeT 05 oc06eHHOCT" 3KOHO- M48CKOro nOBeA8HI<1H Cy5b8KTOB pblH04HOro X03HLI1CTB8, nOIlY4HBweLl1 H8- 3BaH"e BpeMeHHYro npeAn04TeHH". BpeMeHHye npe,Qn04TeHHe - 3TO CKIlOHHOCTb HA\.1B,QOB nplt1 np04L-1X p8BHbiX YCIlOBL-1HX 0l.\8HBaTb T8KYli.\88 nOTpe5IleH"e "Il" AOXOA Bblwe, 4eM nOTpe5IleH"e "Il" AOXOA B 5YAYll1eM. npeAnoIlaraeTc", 4TO npeAn04TeH"e 5Ilar HaCTO"ll1"X 6IlaraM 5YAYll1"M npeACTaBIl"eT c060" CPYHAaMeHTaIlbHYfO 4epTY 4eIlOBe4eCKOro nOBeAeH"" B Il106blX X03HL4CTBeHHbiX C!.1CTeMaX, a H8 TOIlbKO pbIHOYHOVl. 3TO xopowo B"AHO "3 PYCCKO" noroBopK": «nY4we C"H"'1S B PYKe, 4eM >KypaBIlb B H86e». HemepneHue, }KeIl8He L-1MeTb 6Il8ra CeLl14aC, a H8 nOTOM cBH3aHb! L-1 C TeM 06CTOfiTeIlbCTBOM, YTO Y8IlOBeK CMepT8H, L-1 A8>Ke, eCIlL-1 BCnOMHL-1Tb 3HaMeHHTblli1 pOM8H MIr1XaHIl8 6YIlraKOB8 «MaCTep H M8pr8pIr1Ta», BH83anHO CMepT8H. OTKIlaAblB8H paCnOpfl>K8HL-1e 6Il8raML-1 «Ha nOTOM», Mbl pI<1CKY8M, T8K K8K CpOK HaweVl }/{H3H\.1 Orp8HL-1Y8H, L-1 yeM ,Q8Ilbwe BO BpeM8HL-1 OTCTOIl1T V1cnOIlb30B8Hlr1e P8CYPCOB Ir1IlH nOIlyyeHHe AOXO,QOB, T8M CIr1IlbHee H80npe- AeIleHHOCTb H8cTynIl8HL-1H 3TOro MOMeHTa (T. e. pe8IlbHoro nOIlYY8HII1H 6y- AYll1"X 6Ilar). 276 PblHOK Kanumana u npOLjeHm AIl" Taro, 4T05bl n05YA"Tb BIlaAeIlb'1a AeHe>KHoro Kan"TaIla OTKa3aTb- GH aT cerO,QHHWHero paCnOpH)\{eHHH P8CYPC8ML-1, He06xo,QHMO B03H8rpaAHTb era 38 TaKOCi OTKa3 (38 B03.Q8p>K8Hltle HIlH O)\{HA8HVle). T8 >Ke X03f1V1CTB8HHble areHTbl, KOTopble nOIlY481OT B03MO>KHOCTb HcnOIlb30B8Tb cero,QHH 38eMHble cpeACTBa, AOIl>KHbl 3anIlaT"Tb 3a 3TO BIlaAeIlb'1Y CCYAHOro Kan"TSIla. Apyr"- MH CIlOBaM", npO'1eHT eCTb LleHS OTKS3S OT cerO,QH"WHero (TeKYll1ero) nOTpe6IleHHH 5Ila Y4eT cpaKTopa BpeMeH" np" onpeAeIleH"" KaTerop"" npO'1eHTa CB"3aH C npeAn04TeH"eM TeKYll1erO nOTpe6IleH"" 5YAYll1eMY nOTpe6IleH"fO. 3TO no- MoraeT nOH"Tb MHOr"e peaIl"" pbIH04HO" 3KOHOM"K". TaK, Hanp"Mep, 4eM npOAOIl>K"TeIlbHee BpeMR Cp04HOro BKIlaAa, TeM Bblwe AOXOA Ha 3TOT BKIlaA B BI<1,Q8 BbInIl84!.1B8SMOro npOl.\eHT8. BpeM8HHY8 npe,QnOl.JT8Hlr1e MO>KHO Bblp831Hb L-1 B OTHOC!.1T8J1bHbIX BeIlH- 4"Hax. TeM caMblM Mbl onpeAeIl"M HOPMY BpeMeHHoro npe,Qn04TeHH". MO>KHO 3TO CAeIlaTb, COnOCTaBIl"" HaTypaIlbHble BeIl"4"Hbl (KaK B np"Be- AeHHOM paHee np"Mepe C KyponaTKaM"), MO>KHO " AeHe>KHble. ECIl" Bep- H)'TbCH K nplllMepy C P06HH30HOM, TO Mbl AOIl>KHbl conOCT8B!.1Tb YHCTblLl1 ,0.0- XOA (4"CTYfO npO"3BOA"TeIlbHOCTb Kan"TaIla), T. e. 180 KyponaToK, " >KepT- Bbl P06"H30HS B B"Ae OTKa3a OT TeKYl11ero nOTpe5IleH"", 1. e. 120 Kypona- TOK: 180/120 x 100% = 150%. ConocTaBIl"" 6YAYll1"" AOXOA " ceroAH"wHee B03Aep>KSH"e OT TeKYll1e- ro nOTpe5IleH"" B AeHe>KHbIX eA"H"'1aX, npeACTSB"M HOPMY BpeMeHHyro npeAn04TeH"" cIleAYfOll1"M 05pa30M. TaK, eCIl" "HA"B"A OTKa3bIBaeTC" OT 1 AOIlIl. nOTpe5IleH"" cerOAHH, paAH nOIlY4eH"" 1,1 AOIlIl. 3aBTpa, TO HOp- Ma BpeMeHHyro np8An04TeH"" COCTaB"T: 1,1 AOIlIl. - 1 AOIlIl.l1AOIlIl. x 100% = 10%. Apyr"M" CIlOBaM", Mbl AeIl"M O>K"ASeMbl" B 5YAYll1eM AOXOA Ha TY cyMMY A8H8r, OT P8CXOAOB8HL-1H KOTOpOLl1 B HaCTOflee BpeMfi OTK83blBa8TCfI HA"B"A. Bp8M8HHye npeAnOYTeHH8 1 MO>KeT 6bJTb nOIlO>KL-1T8J1bHbIM, HYIl8BbJM L-1 OTp"'1aTeIlbHbIM. l.\eHa OTKa3a OT ceroAH"wHero nOTpe5IleH"" c5epe>KeH"", o KOTOpOVl WIla pSYb BbIW8, MO>K8T 6blTb L-13- MepeHa HOpMO" BpeMeHHyro npeAn04Te- H"". II1HA"B"A "MeeT nonOiKumenbHYIO HOp- MY BpeMeHHyeo npeon04meHUH, eCIl" eMY B 5YAYll1eM Tpe6yeTc" 60Ilee 1 AOIlIl. AIl" KOMneHC8l!HH OTK83a OT B03MO>KHOCTV1 no- TpaT"Tb 1 AOIlIl. B TeKYll1eM nep"oAe. B np"BeAeHHoM Bblwe np"Mepe cp"rYP"pOBa- Jla HMeHHO nOIlO)\{L-1T8IlbH8H HopMa Bpe- MeHHoro npeAn04TeH"", paBHa" 10%. II1HA"B"A "MeeT ompU'1amenbHYIO HOp- My epeMeHHyeo npeon04meHUR, KorAa OH OTKa3bIBaeTC" aT TpaTbl 1 AOIlIl. B TeKYll1eM V1HTepeCHO, '..no BbICOKL1e npOL\8HTHble CTaBKIt1 B COBpeMeH- HO pOCCIt1CKO 3KOHOMIt1Ke MHO- rlt18 It1CCneAOBaTenlt1 06bflCHS'lIOT Bbl- COKOVI HOpMOLli BpeMeHHyra npeA- n04TeHL1s:! HaCeneHIt1f1. Cpe,QL1 nplt1- 41t1H 3Tora flBIleHL1f1 MO>KHO Ha3BaTb HeYBepeHHOCTb B CBoeM 6Y,Qyw,eM, Heonpe,QeneHHOCTb 3KOHOML14eCKIt1X nepcneKTVlB, OTCYTCTBVle CTIt1MY- nOB K ,Qonrocp04HblM 3KOHOMVl4ec- KIt1M npoeKTaM (.1 T. n. 277 
inasa 12 nep"OA8, Aa>Ke eCIlH B 5YAYll1eM OH nOIlY4"T MeHee 1 AOIlIl. Hanp"Mep, 0,9 AOIlIl. - 1 AOIlIl.l1 AOIlIl. = -0,1 AOIlIl.l1 AOIlIl. x 100% = -10%. nocne- AHH" cIlY4a" BpoAe 6bl npOT"BOpe4"T 3ApaBoMY CMbICIlY. Ho Mbl MO>KeM npeACTaB"Tb" TSKYfO C"Tya'1"fO, KarAS cpepMep, pacnOIlarafOll1"" 3anaca- M" OBOll1e" " CPPYKTOB, nOABep>K8HHbIX P"CKY nOp4", "MeeT, CKopee Bcero OTp"'1aTeIlbHYfO HOPMY BpeMeHHYro npeAn04TeH"" HaKaHYH8 c50pa HOBor 60raTOro ypO>Ka": OH '1eH"T Bblwe 5Ilara 5YAYll1"e, He>KeIl" HSCTO"ll1"e. 111, HaKOHe'1, "HA"B"A "MeeT HYIleBYfO HOPMY BpeM8HHYro npeAn04T8- HVlH, KorA8 OH OTKa3blB8eTCfI OT B03MO>KHOCTVI nOTp8THTb 1 ,QOJ1Il. B T8KYLl.\eM nep"OAe paA" nOIlY4eH"" 1 AOIlIl. B 6YAYll1eM. HSnp"Mep, 1 AOIln. - 1 AOIlIl.l1 AOIlIl. = 0 AOIlIl.l1 AOIlIl. x 100% = 0%. TaK"M IlfOA"M 6e3pa3n"4_ HO - nOTpe5IlRTb Il" B HaCTO"ll1eM "Il" 6YAYll1eM n8p"OAe. AHaIl"3 BpeMeHHyro npeAn04TeH"R nOMoraeT HaM nOHRTb He TOIlbKO np"pOAY TSKO" KaTerOp"", KaK npO'1eHT, HO " OTBeT"Tb HS Bonpoc: n04eMY npOL<eHmHble cmaeKU, no KomopblM Kpeoumopbl npeonaealOm 3aeMI1.{UKaM csou c6epe>KeHUfl, nonO>KUmenbHbl? Ten8pb Mbl MO>K8M Ha H8ro OTB8TVlTb: nOTOMY, l.JTO HopMa Bp8MeHHYro npeAnOl.JT8HVlH n0I10>KL-1T8IlbHa. VlT8K, OyeBIr1AHO, 4TO n06YVlTb AOMaWHee X03HII1CTBO OTK838TbCH OT Bce 60IlbW8" CYMMbl ceroAH"WHerO nOTpe5IleH"R CBO"X C5ep8>K8H"" MO>KHO, TOI1bKO nOBblW8H B03H8rpa>K.Q8H!.18, ItIIlL-1 l!8HY 3TOro OTK83a. AHaIl"3 Me>KBpeMeHHYro Bbl60pa MO>KHO npOBeCT" " C nOMOll1bfO rpacpH- Ka, OTpa>KafOll1erO KPHBYIO 5e3pS3IlH4HR AOMaWHero x03"iicTBa, pacnpe- AeIl"fOll1ero CBoe nOTpe5IleH"8 A8He>KHbIX cpeACTB Me>KAY HaCTO"l11"M " 6y- AYll1"M BpeM8HeM (CM. P"c. 12.6). II1cnoIlb30BaH"e npeAeIlbHblx BeIl"4"H n03BOIl"eT HaM rOBOp"Tb 0 npeAeIlbHO" HopMe BpeMeHHoro npeAn04Te- HHR, MRTP (marginal rste of time preference). MRTP - 3TO OTHOWeH"e AOnOIlH"TeIlbHoro nOTpe5IleH"" B 5YAYll1eM (5YAYll1ero AOnOIlH"TeIlbHOro AoxoAa) K AOnOIlH"T8IlbHO" AeHe>KHO" eA"H"'1e TeKYll1erO nOTpe5IleH"", aT KOTOpOVI cy6beKT OTK83bIB8eTCH. ECIlH ceroAHflwH88 nOTpe6IleHIt18 0603Ha- 4"Tb 5YKBO" G" a 5YAYll1ee - G 2 , TO MRTP MO>KHO npeACTaB"Tb KSK G2/G,. P8Yb HA8T 0 pa3IlV14Hb1X KOM6L-1H8l\Ir1HX P8CXOAOBaHL-1f1 AeHe>KHbIX cpeACTB (TeKYll1erO AOXOAa): eCIl" c68peraeTC" 4aCTb T8KYll1ero AoxoAa, TO B03MO>KHO YBeIlH4eH"e nOTpe5IleH"" B 5YAYll1eM nep"OA8. Ha KP"BO" 583- pa3Il!.14!.1f1 U Ka>K.Qafl TOl.JK8 nOK83blB88T B03MO>KHbI8 COY8TaHV1H M8>K.Qy C8- roAH"WH"M, TeKYll1"M nOTp86Il8H"8M (C,) " 6YAYll1"M nOTpe5IleH"eM (G 2 ). Kp"Bble 5e3pa3Il"4"" C KPYTblM HaKIlOHOM 6YAYT Y cy5beKTOB C BbICO- KL-1M 3H8yeHL-1eM nOIlO>KL-1T8IlbHOro speMeHHoro npe,QnOYTeHHfI. 3TL-1 I1IOAVI C"IlbHee, 4eM APyr"e, npeAn04"TafOT 6Ilara HaCTO"l11"e 6IlaraM 6YAYll1"M. HaKIlOH KpHBOii 5e3pa3IlH4H" B Il1050ii T04Ke onpeAeIlReTCR npeAeIlb- HOH HOpMOH. speMeHHyro npe.QnOl.JTeHHH, YMHO>KeHHOH. Ha -1, 1. e. - G2/C,. Ae"CTB"T8IlbHO, HaKIlOH KP"BO" 583pa3Il"4"" OTp"'1aTeIl8H. Ha P"c. 12.6 MO>KHO B"AeTb, 4TO np" OTKa3e aT TeKYl11ero nOTp85IleH"" " c58- 278 P bl HOK Kanumana u np01.4eHm  c, u E .c,{ C j  C 2 03HayalOT COOTBeTCTBeHHO nOTpe6JleHe ,QeHe)f(HbIX cpe,QcTB B HaCTOS'ILLI,eM  6Y,QYll.\8M n8pO,Qe, ,QOJlJl. o - .c, c, Puc. 12.6. KpueaR 6e3pa3nuiluR oOMawHeao x03Rucrnea: nompe6neHue 6naa e HacmORU4eM u 6yoYUj:eM nepuodax epeMeHu pe>KeH"" (paCCTO"H"e OT T04K" A AO T04K" B) AOMswHee X03""CTBO nOIlY- 4HT 5yIlbWYfO BeIl"4"HY B 5YAYll1eM nep"OAe, T. e. npO"30"AeT YBeIl"4eH"e 5YAYll1ero nOTpe5Il8H"R (paCCTO"H"e aT T04K" BAa G). OTHoweHHe oTpe3- KOB GBIAB nOKS3blBaeT npeAeIlbHYfO HOPMY BpeM8HHYro npeAn04TeHH", PSBHYfO 1,2/1. OHO 5YAeT e1l18 Bblwe, eCIl" Mbl CpaBH"M OTpe3K" ED " DG Ha 50Ilee KPYTOM Y4acTK8 KP"BO" 5e3pa3Il"4"": 2/1. Tenepb MO>KHO Ha OAHOM rpacp"Ke COBMeCT"Tb Kp"Bble cnpoca " npeA- IlO>KeHH" Ha pblHKe 3aeMHbiX cpeAcTB. np8AcTaBIleHHbl" Ha P"c. 12.7 rpacp"K n03BOIl"eT HaM nOH"Tb KaTere- pHfO npOl.\eHTa KaK cBoeo5pS3HYIO '1eHY paBHOBeCH": B T04Ke nepece4e- HHR KpHBblX D K " SK YCTaHaBIl"BaeTC" paBHOBeC"e Ha pblHKe CCYAHoro Ka- nHTaIla ("HBeCT"'1HOHHbIX cpeACTB), D K = SK' B T04K8 E npO"CXOA"T COBna- AeHHe HOpMbl AoxOAa CCYAHOro KanHTaIla (HOpMbl AOXOAa OT "HBeCT"'1"") " HOpMbl BpeMeHHyro npeAn04TeH"R CTSBKOii (HOpMOii) npOl.\eHTS Ha3bIBa8TC" OTHOWeH"e AOXOAa, nOIlY- '"IeHHoro OT np8,QOCT8BIleHHH B CCYAY Kan1t1T8Ila, K B8IlHYVlH8 CCY>K8eMoro K8- nHTaIla, Bblpa>KeHHOe B npO'1eHTSX. Hanp"Mep, BeIl"4"Ha CCYAbl COCTaBIl"eT 1000 AOIlIl., nOIlY4eHHbl" rOAoBo" AOXOA - 100 AOIlIl., TorAa HopMa npO'1eHTa COcraB"T 100 AOIlIl.l1000 AOIlIl. x 100% = 10%. Ha npaKT"Ke, roBOP" 0 npo- 4eHTe, nOApa3YMeBafOT "MeHHO HOPMY, "Il" cTaBKY npO'1eHTa. PaBHoBecHa" CTSBKa npO'1eHTa, Hanp"Mep, 10% 03Ha4aeT, 4TO Ha 3TOM ypoBHe COBnaAa- lOT HOpMa AoxoAa aT "HBeCT"'1"", paBHs" 1 0%, " HopMa BpeMeHHoro npeA- n04TeH"R, paBHa" 10%. Tenepb He06xOA"MO npOBeCT" pa3Il"4"e Me>KAY pesIlbHblMH H AeHeJK- HblMH TeopHRMH npOl.\eHTa. Bce npeAblAYll1ee "3IlO>KeH"e 5blIlO OCHOBa- 279 
C. npou;eHTa (r) In as a 12 r, o D K SK Puc. 12.7. npou,eHm KBK paSHoeeCHBR LCeHB HB pblHKe 3aeMHbiX cpeocme 3aeMHLle cpe]1:CTBa HO H8 06bflCH8HVlV1 K8TerOpL-1H npOl.J.8HT8 B PYCIl8 KOHl..\enl!\.1H H80Kn8CCW-Iec- KOVI WKOIlbl, T. e. Mbl p8ccMaTpV1B8IlH p88JlbHYlO T80pHIO npou,8HT8. T8K l.JeM >Ke, cor.naCHO peaIlbHoVl T80pHH npoeHT8, onp8,q8IlHeTCH 3T8 CB0806pa3H8H l!8Ha p8BHOB8CIIIH H8 pblHK8 Kamn8Il8? Y6bISalOLl.\8L4 npe- AeIlbHO" npO"3BOA"TeIlbHOCTbfO (npeAeIlbHoii AOXOAHOCTbfO) Kan"TSIla "n" B03paCT81OVlMVI npeA8IlbHblMH L-13,Qep>KK8MI.1 ynYLl.\eHHbiX B03MO>KHOcTei1 (BpeM8HHbIMH npeAnOl.JTeHL-1f1M!.1, CBH38HHbJMH C HeTepn8HL-18M H O>KL-1A8HL-1H- MV1)? OTBeT H8 3TOT Bonpoc He nOK8>K8TCH CIlO>KHbIM, eCIlVl no 8H8IlOr\.11t1 BCnOMHL-1Tb, 4TO u,8Ha H8 pblHKe TOB8pOB onpeAeIlH8TcfI oAHOBpeM8HHO VI 38- KOHOM8PHOCT"M" cnpoca (y5bIBafOll1e" npeA8IlbHO" nOIl83HOCTbfO), " 3a'o- HOMepHOCT"M" npeAIlO>KeHH" (paCTYll1"M" npeAeIlbHblM" "3Aep>KKaM" npO"3BOACTBa TOBapOB). AOXOA4"BO nO"CH"eT CYll1HOCTb KaTerop"" npo- U,8HT8 B TpaKTOBK8 H80KIl8CCIIIY8CKOC! WKOIlbl n. CaMY3IlbCOH B OAHOM L-13 CT8pblX H3A8HVlaII CB08ro 3H8M8HV1TOro Y4e6HV1Ka: «.o.IlH TOro, YT06bJ pe- 3aTb, HY>KHbl 06a n83B\r1f1 HO>KHHl.,,\: Bbl H8 MO>K8Te CK838Tb, YTO cpaKTL-1yeC- K" pe>KeT OAHO Ile3B"e, a He APyroe; T04HO TaK >Ke " 05a HaW"X cpaKTopa, H8TepneH\.18 !.1 np0\.13BOAHTeIlbHocTb, B38L-1MOA8I11CTBYIOLl.\L-1e Me>KAY co60L4, onpeA8Il"fOT CTPYKTYPY " AB">K8H"8 npo- u,eHTHbIX CT8BOK».1 3KOHOM"CTbl, paCCMaTp"BafOl11"e pe- 8IlbHYlO T80pHIO npOl!eHTa, T8K Ir1n\.1 L-1Ha4e nOA4epK"BafOT, 4TO npO'1eHT cYll1eCTByeT BO Bcex X03HL4CTBeHHbix CIIICT8M8X - K8nHTaIlH- cTVl4ecKoVl, KOMMYHHCTIIIY8CKOH V1 ,q8>Ke B X03""cTBe P06"H30Ha. n04eMY? nOTOMY, YTO BO BC8X 3T!.1X CL-1CT8M8X, Bo-n8pBblx, cy- ll1eCTByeT 50Ilbwa" npO"3BOA"TeIlbHOcTb OKOIlbHbIX, It1IlIr1 KOCS8HHbiX MeToAoB npoH3- 280 1 CaMyanbcoH n., 3KOHOMVtKa, M, 1964. C. 646. B nocne,qH8M, 15 1.13A8HIo1l.1 Y4e6HIIIK8, nepes8,QeHHoM Ha PYCCKVlI1 3bIK, n. CaMY3JlbCOH iii B. Hopp,xayc CCbIIl8IOTC5I H8 111. <P1t1- wepa, npIt1S8,Q5I era l.\r.1TaTY 0 8381-'1- Mo,qeC1cTBIiU1 H8repneHIt151 Ii1 np0ll13- BO,qIo1TeI1bHOCTVI Kamn8n8 npll1 onpe- A8n8HIo1V1 npOl.\eHT8. CM. CaMY3J1b- COH n., HOPAXayc B. 3KOHOMIt1KR 15 Vl3,q8Hli1e. M., 1997. C. 293. P blHOK Kanumana u npOLjeHm BOAcTBa (Kan"TaIl 06IlaAaeT npO"3BOAHTeIlbHOCTbfO), ", BO-BTOPbIX, BO Bcex 051l18CTBax CYll1eCTByeT npeAn04T8H"e 6Ilar HaCTO"ll1"X 5IlaraM 6YAYll1"M.' 05paT"MC" K "HO" KOH'18n'1"", Ha3b1BaeMO" AeHeJKHOii TeopHeii npo- LleHTS. Hs"50nee B"AHbIM 88 npeACTaB"TeIleM "BIl"eTC" A>K. M. Ke"HC. B CBoeM 3HaMeH"TOM TPYAe «051l1a" TeOp"" 3aHRTOCT", npO'1eHTa " A8Her» (1936) Ke"HC npeAIlaraeT CIleAYfOll1ee onp8AeIleHHe: «HOpMS npO'1eHT eCTb B03Harp8>K,[\8H!.1e 38 IlL-1W8HL-1e AeHer !.1 IlHKBHAHOCT\.1 H8 OnpeAeIleHHblV1 nepHOA... 3TO «l!eH8», KOTOpaH ypaBHoBeWHB88T H8CTOIIIY!.1BOe >K8Il8HL-1e YA8p>K"BaTb 50rSTCTBO B cpOpMe HaIl"4HbIX AeH8r C HaXOA"ll1"MC" B 05pa- eHHH KOIlHyeCTBOM AeHer».2 II1TSK, CorIlaCHO Ke"HCY, npOLleHT eCTb nIlSTS 3S pSCCTSBSHHe C IlKBHAHOCTb. ECIl" CTOPOHH"K" peSIlbHO" TeOp"" npO'1eHTa B"A"T ero CYTb B peaIlbHblX cpaKTopax (npO"3BOA"TeIlbHOCT" " H8Tepn8H""), TO CTOPOHH"K" AeHe>KHbIX TeOp"" CBOA"T np"pOAY npO'1eHTa K 4"CTO AeH8>K- HOMY "BIleH"fO. TaK KTO >K8 npaB? CTOPOHHHK" p8aIlbHO" "Il" AeHe>KHO" TeOp"" npo- L\eHTa? .o.IlH OTB8T8 Ha 3TOT Bonpoc 06p8TIt1MCH K KOMMeHTapL-1s:1M H3BeCTHo- fP "CCIleAOBaTeIl" "CTOP"" 3KOHOM"4eCKO" MblCn" MapKa 5Ilayra. OH 05- pall1a8T BHHMaH"e Ha TO, 4TO npO'1eHTHa" CTaBKa pa50TaeT OAHOBpeM"eHHO Ha «Tpex CPPOHT8X»: Bo-n8pBbIX, B 06Il8CH1 nOTp86!.1TeIlbCKHX peWeH\.1!.1; BO- BTOpbIX, B 05IlaCT" "HB8CT"'1"OHHbIX peWeH""; B-TP8Tb"X, B 05IlSCT" pewe- HH", onpeAeIl"fOll1"X CTPYKTYPY nopTcpeIl" cp"HaHCOBbIX aKT"BOB. II1HbIM" cnoBaM, CT8BK8 npOL,,\eHTa - :no U H8rp8,Qa 38 0>K1II,Q8Hllle, U nOKa38TeIlb YL-1- CTaro AOXOA8 H8 KanL-1T8Il, U KOMneHC8l!J.1H 38 OTK83 OT Il!.1KBIilAHOCTH. KaKa" >Ke "3 ABYX T80P"" aKTyaIlbHee B HaCTO"ll1ee BpeM"? MO>KHO CKa- aaTb, YTO nOA BIlHHHIII8M Kp8AL-1THO-AeHe>KHOVl nOIlL-1TIIIKH npaBL-1T8IlbCTBa (CM. rIl. 20), B03Ae"cTBYfOll1e", B 4Hcne np04"X nspaMeTpoB, " Ha BeIl"4HHY cTaBK" npO'1eHTa, "HTepeC K peaIlbHblM TeOp""M HeCKOIlbKO ynaIl. 3TO B"A- He) " no Y4e5H"KaM 3anaAHbiX 3KOHOM"CTOB: "3IlO>KeH"e TeOP"" npO'1eHTa SCTO OrpaH"4"BaeTC" Il"50 "3IlO>KeH"eM TeOp"H npeAn04TeH"" Il"KB"AHO- CTH, Il"50 TeOp"e" CCYAHblX CPOHAOB, B KO- TOpblX HOpMS npO'1eHTa onpeAeIlHeTC" co- OTHOW8H!.18M cnpoc8 H np8AIlOeHV1s:1 H8 pblHK8 38eMHbiX Cp8,QCTB. T8K B8>KH8 IlIII BO- o51l1e peaIlbHS" TeOp"" npO'1eHTa ceroA- HfI? Vl3S8CTHbllll 8M8pL-1K8HCKHVI 3KOHOMIIICT A. naTIIIHKHH T8K OTBeTIIIIl H8 3TOT Bonpoc: peaIlbHa" TeOp"" np0'18HTa onpeA8Il"eT HOPMY npO'1eHTa np"MeH"TeIlbHO K PblHKY TOBapoB, a AeHe>KHa" TeOp"" onp8AeIl"8T ee Il"50 AIl" pblHKa '1eHHblX 6YMsr, Il"50 AIl" KpeA"THoro pblHKa (pblHKa 3aeMHbiX cpeAcTB).3 1 «npOL.jeHT He SlBmleTCSI 4eM- TO cneLllo1cplo14eCKIo1 K8nIo1T8J1Io1CTIo1- 4eCKIo1M.,.». XeC1He n. 3KOHOMIo1- 4eCKIo1C1 06P83 MbIWJ1eHIo1S1. M., 1991. C. 316. 2 AHT0J10rlo1s:1 3KOHOMIo14eCK0C1 KJ18CCIo1KIo1. 1. 2. KeC1Hc A)/{.M. 06- Ll.\8S1 Teoplo1S1 38Hs:lTOCTIo1, npOLleHT8 "AeHer. M.,1993. C. 265-266. 3 5J18yr M. 3KOHOMIo14eCK8s:1 MbJCJ1b B peTpocneKTIo1Be. M., 1994. C.499. 281 
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BKfl8AblBas:l AeHbrV1 ceroAHH B CTp0!.1T8IlbCTBO 38BO,Qa, Bbl 9;nycKa8T8 B03MO>KHOCTb nOIlO)l{lo1Tb A8HbrVl H8 68HKOBCKV1V1 C4eT; npeAOCTa- "Tb CCYAY CBoeMY 3HaKOMOMY 6"3HecMeHY: Kyn"Tb BblCOKOAOXOAHble '1eH- Hble 5YMar" " T. n. LITO 03Ha4aeT nOIlY4"Tb 100 AOIlIl. 4epe3 1 roA? 3TO (np" pbIH04HO" cTsBKe, Hanp"Mep, 10%) paBH03Ha4Ho TOMY, KaK eCIl" 5bl Bbl cerOAH" no- IlO>K"Il" 91 AOIlIl. B 5aHK Ha Cp04Hbl" Aen03"T. 3a rOA TaM Ha 3TY CYMMY Ha5e>KaIl"» 6bl npO'1eHTbl " TorAa 4epe3 rOA Bbl nOIlY4"Il" 5bl 100 AOIlIl. VlTaK, 91 AOIlIlap cerOAH" paBHo- .3Ha4eH 100 AOIlIlapaM, nOIlY4eHHbiM 4e- pe3 rOA. II1Il", "Ha4e Bblpa>Ka"Cb, ceroA- HRWH"" CTO"MOCTb 5YAYll1"X (nOIlY4eH- HblX 4epe3 1 rOA) 100 AOIlIlapoB paBHa 91 AOIlIlapy. np" Tex >Ke YCIlOB""X (cTaBKa npO'1eHTa - 10%) 100 AOIlIl., no- 'IlY4eHHble 4epe3 2 rOAa, ceroAH" CTO"T '83 AOIlIl. TaK"M o6pa30M Mbl Y3H88M cero.qHWHIOIO 4eHHOCTb (present vslue, "n" COKpSll1eHHO PV) 6YAYll1e" CYMMbl AeHer. MO)\{HO 38M8THTb, 4TO ,QIIICKOHT!.1pOB8- 19 Kypc 3KOHOMW-leCKO TeOp>1 , B COBpeMeHHO pOCCCKO 3KOHOMJ.1Ke 3T8 npOLJ,e,Qypa OCIlO)!( H5IeTCSI J.1HQ:>IlSlLJ,J.1ei1, TeMn KOTOpOVl, KaK nOKaaaJ1a npaKn1Ka, OKaablBaeT- C5! LlaCTO Henpe,qCKa3yeMbIM. P5!,Q 3KOHOMlttCTOB npe,qIlaraeT B K8L1e- CTBe cp8BHeHJ.1S1 Cn0J1b30BaTb CTaBKY peQ:>H8HClttpOBaH51l...\6 POC- CJ.1J.1 (CM. rJl. 20). Ho eCTb \II ,qpyr\lle npeAJlO}f(eH5I, Hanp\llMep, CpaBH\II- BaTb C ro,qOBbIM TeMnOM nppocTa o6MeHHOro Kypca ,qonnapa CWA no OTHoweH1O K py6mo. 289 
Inaea 12 H"e - 3TO npO'1eAypa, 06pamHaR Ha4ucneHUIO CnO)l(HblX np0L<eHmOS, T. e. paC4eTY 5YAYll1eii LleHHOCTH (future vslue, "Il" COKpall1eHHO FV) ceroA- HRwHe" CYMMbl AeHer. C TaK"M" paC4eTaM" Ka>KAbl" "3 Hac XopOWO 3Ha- KOM. Hanp"Mep, np" TO" >K8 CTaBKe npO'1eHTS, T. e. 10%, MO>KHO nOAC4"- TSTb, CKOIlbKO Mbl nOIlY4"M 4epe3 rOA, nOIlO>K"B Ha Cp04Hbl" Aen03"T 1 AOIlIl. B KOH'1e 1-ro roAa - 3TO 1,1 AOIlIl.; B KOH'1e BTOpOro roAa, C Y4e- TOM CIlO>KHbIX npO'1eHTOB - 3TO 1,21 AonIl. (1,1 + 0,1 x 1,1); B KOH'18 3-ro rOAS - 3TO 1,33 AOIlIl. (1,1 + 0,1 x 1,1 + 0,1 x 1,21). II1TsK, cpopMYIla AIl" pac4eTs 6yoy,"<eii L<eHHOCmu ceeooHRwHeii CYMMbl oeHee; " FV = LPV(1 + r)', 1"1 (1) rA8 t - KOIlL-148CTBO 118T, r - CT8BK8 npOL,,\8HTa <PopMYIla AIl" paC4eTa ceaooHRwHeii L<8HHocmu 6yoy,"<eii CYMMbl 08Hee, n03BOIl"fOll1a" HaM A"CKOHT"pOBaTb 5YAYll1"e AOXOAbl, TaKOBa: " PV = LFV/(1 + r)' 1"'1 (2) AIl" "IlIlfOCTpa'1"" np0'18CCa A"CKOHT"pOBaH"" np"BeAeM YCIlOBHbl" np"Mep. AonycmM, 8CIl" BIlO>K"Tb ceroAH" 5 MIlH. AOIlIl. B OCHOBHO" 'a- nL-1T8Il, TO MO>KHO nOCTpm-1Tb 38BOA no npoH3BOACTBY X03HikTBeHHOVl nocYAbl " B T84eH"e 5YAYll1101X 10 IleT nOIlY4aTb e>KeroAHo 600 TbIC. AOIlIl. BblrOAHbl" Il" 3TO "HB8CT"'1"OHHbl" npoeKT? npOC4"TaeM ABa Bap"aHTa. CTaBKa npO'1eH- T8 no 683pHCKOBbiM 8KTItIS8M, AonYCTV1M, B nepeOM cIlY48e COCT8S11H8T 2%. Ee Mbl VI 68p8M B K8Y8CTS8 CTaBKH AHCKOHTHpoBaHHfI, Hl1H HOpMbl AHCKOH- Ta. Bo BTOpOM B8pL-18HT8 CT8BKa AL-1CKOHTHpOB8H\.1H COCT8BIls:l8T 4%. '-Jepe3 AeC"Tb IleT np" nepBoM Bap"aHTe Mbl nOIlY4"M 6 MIlH. KaK CYM- MY nOTOKa e>KeroAHblx AOXOAOB no 600 TbIC. AOIlIl. Ka>KAa" "3 3T"X «nop- '1""» AOXOAOB 6YAeT nOIlY4eHa B 5YAYll1eM, T. 8. 4epe3 1 roA, 3aTeM 4e- pe3 2 roAa " T. A. B Te4eH"8 10 IleT. H805xOA"MO CpaBH"Tb CerOAH"W- H"e 3aTpaTbi (0603Ha4"M "X IlaT"HCKO" 6YKBO" C) B 5 MIlH. AOIlIl. " A"CKOHT"pOBaHHYfO BeIl"4"HY nOTOKa 5YAYll1"X AOXOAOB, onpeAeIl"eMYfO no cpopMyne (2). AaIl8e He05xOA"MO CpaBH"Tb ABe BeIl"4"Hbl: C" PV, T. 8. 5 MIlH. AOIlIl., KOTopble HY>KHO BIlO>K"Tb c8roAH", " A"CKOHT"pOBaHHYfO BeIl"4"HY, T. e. 5,34 MIlH. AOIlIl. (nepBbl" Bap"aHT, np" CTaBKe A"CKOHT"pOBaH"" 2%). nOCKenb- KY C < PV, "Il" 5 < 5,34, TO np" TaKa" CTaBK8 npO'1eHTa npoeKT MO>KeT 6blTb OCY1l18CTBIleH. Ho BO BTOpOM CIlY4ae, T. e. np" CTaBKe npO'1eHTa 4%, '1eH- HOCTb HaW"X 5YAYll1"X AOXOAOB COCTaB"T ceroAH" Il"Wb 4,8 MIlH. AOIlIl. CIleAoBaT8IlbHo, C > PV, "Il" 5 > 4,8 " TaKO" npoeKT He3cpcp8KmBeH; '18- 290 P blHOK Kanumana u npOLjeHm - J1eCO o5 pa3Hee Ha"T" aIlbTepHST"BHble nYT" np"MeHeH"" 3T"M 5 MIlH. AOIl Il ., Hanp"Mep, nOIlO>K"Tb 3TY CYMMY B 5aHK. <PopMYIla A"CKOHT"pOBaH"R (2) nOK83b1BaeT, 4TO 4eM H">Ke CTaBKa npO'1eHTa " MeHbwe nep"OA Bpe- M8H" (BeIl"4"Ha t), TeM Bblwe A"CKOHT"pOBSHHaR BeIl"4"HS 5YAYll1"X AO- XOAOB. AIlR 05Iler4eH"" npO'1eAypbl A"CKOHT"pOBaH"" CY1l18CTBYfOT Cne'1"aIlb- Hble Ta6IlHu,bl, KOTOpbl8 nOMor81OT 6blCTpO nO,QC4\.1T8Tb ceroAHs:lWHIOJO U,8H- HOCTb 5YAYll1"X AOXOAOB " np"H"Tb npaB"IlbHOe peWeH"e. Ba>KHbIM nOK838T8Il8M npL-1 0l..\eHK8 L-1HB8CT\.1U,L-10HHbIX np08KTOB stBIls:leT- CR 'IHCTS" AHCKOHTHpOBaHHaR '1eHHOCTb (NPV). OHa np8ACTaBIl"eT c050" p83H"'1Y Me>KAY A"CKOHT"pOBaHHO" CYMMO" O>K"AaeMbIX AOXOAOB " "3Aep>K- K8M" Ha "HBeCT"'1"", T. e. NPV = PV - C. B HaweM np"Mepe 4"CTa" A"CKOH- THpOBaHHa" '1eHHOCTb np" CTaBKe 2% COCTaB"T: 5,34 MIlH. - 5 MIlH. = 0,34 MJ1H. ,Q011Il. IIICn0I1b30B8HL-18 KpVlT8PHH YL-1CTOVI AHCKOHTL-1pOBaHHol71l!8HHOCT!.1 03- H8yaeT, YTO L-1HB8CTL-1pOB8HVle HM8eT CMblCIl TOIlbKO TorA8, KorA8 NPV ? O. B HaW8M BTOpOM npL-1Mepe, KorA8 B K8yeCTB8 CT8BK!.1 AViCKOHTL-1pOB8HVlH Mbl 6p8- Il" 4%, NPV COCTaB"Ila OTp"'1aTenbHYfO BeIl"4"HY: 4,8 - 5 = -0,2 MIlH. ,Q011J1. npH T8KIIIX YCIlOBVls:lX KpL-1TepL-1L4 YViCTOVl AViCKOHH1pOB8HH0l71 u,eHHOCTIt1 nOKa3blB8eT Heu,eIleco06p83HOCTb OCYW,8CTBI18HHs:I np08KTa. B CBs:l3L-1 C nOK838T8IleM NPV, paCCMOTpL-1M eLl..\8 OA!.1H B8>KHbIL4 nOK83a- T8Ilb, Ha3blBaeMbl" BHYTpeHHe" HOpMOii AOXOAa (IRR). 3TOT nOKa3aTeIlb 03Ha48eT TaKYfO CTaBKY A"CKOHT"pOBaH"", np" KOTOpO" 4ucm8R oucKoHmu- poe8HHaR L<8HHOCmb pasHa HynlO. Apyr"M" CIlOBaM", He06xOA"MO peW"Tb ypaBHeH"8 (3) OTHOC"TeIlbHO " " C = LFV/(1 + r)' 1=1 (3) BHYTpeHH"" HopMa AoxoAa, B CYll1HOCT", - 3TO TOT MaKCUManbHblii ypo- B8Hb CTaBK\.1 npou,eHT8, Ha KOTOpblVl MO>KeT cornaCL-1TbCH Ir1HBeCTOp AIlH npL-1- s,ne48HHH L-1HBeCTL-1l!HOHHbIX cpeACTB Ha pblHKe CCYAHoro KanL-1TaIl8. A"CKOHT"pOBaH"e np"MeH"eTC" He TOIlbKO 5"3HeCMeHaM", OCYll1eCTB- IlRlOll1"M" "HBeCT"'1"OHHbI8 npOeKTbl. TaK, np" nOIlY4eH"" Bbl"rpbIW8" no flOTepee H8 p83HbiX sp8MeHHbiX YCIlOBL-1HX, npH nOIlY48HIr1H AeHe>KHbIX CYMM no 38Be8HVlIO, rA8 T8K)\{e OroBOp8Hbi P83f1L-1YHbI8 Bp8M8HHb/8 CpOKV1 Bbln- ,flaTbl AeHer, npL-1 BH8CeHIr11r1 nn8Tbi 38 06YY8H!.18 B BblcweM YY86HOM 3aB8- AHVlIr1 B T8l.J8HVle HeCKOIlbKL-1X IleT VI T. n., 3KOHOMJ.14eCKL-1e Cy6b8KTbJ VlCnOJ1b- 3YfOT npO'1eAYPY A"CKOHT"pOBaH"", KOTOpa" nOMoraeT OCYll1eCTB"Tb pa'1"- OHanbHblt1 3KOHOM\.148CKL-1V1 Bb160p. ". 
Inaea 12  7. PblHOK KanlllTa11bHblX aKTIllBOB (KanIllTa11bHblx 611ar j:\I1I11Te11bHoro n011b30BaHIIIH) nOCIle TOro, KaK onpeAeIleHa npO'1eAypa A"CKOHT"pOBaH"" MO>KHO 06pan1TbCfI K Bbl4HCIl8HlllIO TOIit l.\8Hbl, no KOTOpOL4 nOKynalOTcfI  npOAafOTC" Kan"TaIlbHble 6Ilara. HaM nOMO>KeT cpaBHeH"e BeIl"4"H C " PV KOTopble "CCIleAOBaIl"Cb B npeAblAYll1eM naparpacpe. ' AonYCT"M, cp"pMa nOKynaeT MeTaIlIlo06pa5aTbIBafOll1"" CTaHOK. KaKO- Ba p8BHoBecHaH K8nHT8IlbH8H u,8Ha, no KOTOpOIit 6YA8T nOKynaTbcH H npo- A8B8TbCH 3TOT CTaHOK? BcnOMHHM, YTO l!8HHOCTb K8mH8IlbHoro 6Il8r8 He nocp8ACTB8HHO CBH3aHa C nOTOKOM AOXO,QOB, KOTOpbl8 MO>KHO nOIlY4111Tb OT ero L-1CnOIlb30B8HV1R ECIlH cpI-1PM8, KynHB CTaHOK no l!8H8 C, p8CCl.JI-1Tb1Baer nOIlY4"Tb B 5YAYll1eM nOTOK AOXOAOB, cerOAH"WH"" '1eHHOCTb KOTOpblX npe- BOCXO,QI-1T BeIlL-14L-1HY C, TO T8KaH cAeIlK8 YKIl8AblB88TCSl B paMKL-1 p8l!J.10H8Ilb- HOro 3KOHOML-1yeCKoro nOBeA8HI-1H. np8AnOIlO>KHM, 4TO nOTOK AOXOAOB - 3TO apeHAHa" nIlaTa, "Il" peHTHa" O'1eHKa, no KOTOpO" cp"pMa 5YAeT AaBaTb CTaHOK H8npOK8T. CIleAOB8TeIlbHO, l!eH8 K8nHT8IlbHOro 6Il8ra TeCHO CBsn8 Ha C peHTHO" O'1eHKO" YCIlyr 3TOro 6Ilara. AonycmM, BeIl"4"Ha C COCTaB- Il"eT 10000 AOIlIl. Cpo, CIlY>K5bl CTaHKa - 5 IleT. PeHTHa" O'1eHKa - 2500 AOIlIl. B roA. H806xo,QI-1MO ,QL-1CKOHTL-1pOB8Tb 3TOT nOTOK AOXOAOB no H8KoeC1 CTaBKe npO'1eHTa (CTaBKe A"CKOHTa). AonYCT"M, Ha pblHKe 3aeMHbiX cpeAcTB no 6e3pHCKoBbiM aKTL-1B8M T8KaH CT8BK8 COCTaBIlH8T 1 %. B T8KOM CIlYLJ88 PV (ceroAH"WH"" '1eHHOCTb nOTOKa AOXOAOB) 3a 5 IleT COCTaB"T 12133 AOIlIl. <P"pMe "MeeT CMblCIl np"05peCT" CTaHOK np" TaK"X YCIlOB""X. GA- H8KO 3A8Cb Mbl B\.1,QHM, 4TO Ha pblHK8 K8nl-1T8IlbHbiX 6Il8r ,Q8HHOro BIIIA8 He Ha6IllOA88TCH p8BHOBeC!.1H, T8K KaK PV > C. BblCOK8H ceroAHHWHSls:! l!8H- HOCTb nOTOK8 ,QOXO,QOB OT CTaHKOB, CA8Ba8MbiX B apeH,QY, Bbl30BeT np\.1TOK X03HL4CTBYIOLl.\L-1X Cy6b8KTOB, >K8Il81OLl.\HX KynVlTb T8KL-1e CTaHKIII. B8IlL-14L-1H8 C, T. e. CIlO>K"BWa"C" nepBOHS4aIlbHO '1eHa Kan"TSIlbHOro 6Ilara 10000 AOM., H8YH8T nOBblwaTbCH, T8K KaK BIl8A8Ilbl!bl CCYAHOro K8nL-1T8Il8 COYTYT BblrOA- HblM BKIl8AblB8Tb CBOVI CB060AHbl8 AeH8>KHbI8 CP8ACTB8 B TaKOVl npoeKT. BMeCT8 C TeM, YB8JlL-1YL-1TCH npegIlO>K8HHe CT8HKOB Ha pblHK8 !.1X npOK8Ta, 8, 3H84111T, H8YH8T CHL-1>K8TbCfI peHTH8H 0l.\eHK8 (8p8HAH8f1 nIl8T8), KOTOp8f1 T8. nepb 5YAeT H">Ke 2500 AOIlIl. e>KeroAHO. B pe3YIlbTaTe YMeHbW"TC" " A"C- KOHT"pOBaHHbl" nOTOK AOXOAOB (apeHAHo" nnaTbl) TaK, 4TO PV Ha4HeT CH"- )\{8TbCR P8BHOB8CL-1e Ha pblHKe KanlllT8IlbHbiX 6Il8r YCT8HOBL-1TCs:! TorA8, Kor- Aa C 6YAeT paBHO PV. Apyr"M" CIlOBaM", '1eHa KanHTaIlbHoro 5Ilara eCTb He 4TO HHoe, KSK AHCKOHTHpOBaHHaR '1eHHOCTb nOTOKa 5YAYll1HX AOXO- ADS, npHHOCIIIMblX OT 8ro L-1CnOIlb30B8H!.1H. T8KHM 06pa30M, Mbl BepHYIlL-1Cb K TOMY, C 4ero H8Y8Il!.1 H8CTOHl1-\YIO rn8- 292 PblHOK Kanumana u npOLjeHm BY: '1eHbl Ha pblHKe YCIlyr cp"3"4eCKOrO Kan"TaIla (CTaBK" apeHAHO" nIla- Tbl), '1eHbl Ha pblHKe CCYAHOro Kan"TaIla (CTaBK" npO'1eHTa), '1eHbl Ha PbIH- Ke KanL-1TaIlbHbiX 6Il8r (AHCKOHTL-1POB8HHbIVl nOTOK AOXOAOB, npHHOCIIIMbl1it KanVIT8IlbHblMH 6Ilar8M\.1) caMblM T8CHbiM 06pa30M CBs:!38Hbl M8>K,Qy c060Vl. nOABeAeM HeKOTopble "TOr". npO'1eHT B pblH04HOM X03""CTBe BbICTY- nseT KSK cBoe05pa3Ha" '1eHa, BblpaBH"BafOll1aR cnpoc " npeAIlO>KeH"e Ha pblHKe CCYAHoro Kan"TaIla (pblHKe 3aeMHbiX cpeACTB). npO'1eHT - 3TO cpaK- TOPHbl" AOXOA, KOTOpbl" nOIlY4aeT c06CTBeHHHK CCYAHoro Kan"TaIla. AIl" cy5beKTa npeAIlO>KeH"" CCYAHOro Kan"TaIla npO'1eHT BblcTynaeT KaK AOXOA; AflR cy5beKTa cnpocs Ha CCYAHbl" Kan"TaIl npO'1eHT BblcTynaeT KaK "3Aep- )l(K", KOTopble HeceT 3aeMll1"K KSn"TaIla. CIleAoBsTeIlbHo, KaK " B CIlY4ae C 3apa60THol71 nIl8T0L4, V1 C 38M8IlbHOlit p8HTOVl, T8K L-1 npH Xap8KT8plt1CTIr1K8 npo- Ll8HTa Ba>KHO nOMHIt1Tb: TO, YTO ,QIls:! 0AHHX X03HL4CTBYIOLl.\L-1X 8r8HTOB HBIlHeTCH AOxOAaM", AIl" APyr"X - paCXOAaM", "Il" "3Aep>KKaMH. 3TOT cBoe05pS3Hbl" 5aIlaHc AOXOAOB " pacxoAoB B pblH04HOM X03""CTBe nOIlHee 5YAeT pSCKpblT np" XapaKTep"CT"Ke BaIloBoro BHYTpeHHero npoAYKTa B rn. 16, rAe OCBell1a- eTCH ABIt1>K8HL-1e BC8X p83HOBIt1,QHOCT8111 AOXOAOB H8 M8KP03KOHOMHY8CKOM ypoBHe. npIr1JlO>KEHIr1E K rIlABE 12 Kpej:\IIITOp 11111111 3aeMLLlIIIK? HaM Y>Ke L-13BeCTHbl T8KL-18 nOHHTL-1H, K8K Me>KBpeM8HHoVl Bb150p, npeAeIlbHa" HOpMS BpeMeHHyro npeAn04TeH"", A"CKOHT"pOBaH"e, CT8BK8 npOl.\8HT8. Tenepb B03MO>KHO nocTpoHTb MOA8Ilb onTVlMaIlbHoro Bbl- 60pa 3KOHOMVl48CKOro Cy6b8KT8 C yyeTOM ero Me>KBp8M8HHOro 61OA)\{eTHoro QrpaH"4eH"". Mbl 5YAeM "CnOIlb30BaTb 3HaKOMbl" HSM "3 rn. 5, 9 9 " rn. 10 annapaT KP"BbIX 6e3pa3Il"4"" " 6fOA>KeTHbIX Il"H"", HO Tenepb Y>Ke np"- MeH"TeIlbHO He K Bbl50PY Me>KAY ABYM" TOBSPSM" (Hsnp"Mep, ,,5IlOKaM" " rpywaM"), a Bbl60PY Me>KAY TeKYll1"M " 6YAYll1"M nOTpe6IleH"eM AeHe>KHbIX cpeACTB. 38,Qaya COCTOIt1T B TOM, YT06bl onpeAeIlHTb OnTL-1MYM 3KOHOMVl48C- KOro cy5beKTa B pacnpeAeIleH"" "M CBO"X AeHe>KHbIX pecypCOB Me>KAY Ha- CTQRll1"M " 5YAYll1"M nep"OAaM" BpeMeH". np" 3TOM Mbl 5YAeM B Ha4aIle aHanlr138 \.1CXOAL-1Tb Vl3 TOro, YTO HeT HL-1 3aHMCTBOB8HL-1L4, HL-1 CCYA; 38TeM ,0.0- nYCT"M, 4TO CYll1eCTByeT pblHOK 3aeMHbiX cpeACTB. TaK"M 05pa30M, Mbl Bbl- RCH"M, np" KaK"X YCIlOB""X AOMaWHee X03""CTBO 6YAeT BblcTynaTb KpeA"- TOPOM "Il" 3aeMll1"KOM. KaK "3BeCTHO, Kp"Ba" 5e3pa3Il"4"" AOMawHero X03""CTBa (CM. P"c. 12.6) npeAcTsBIl"eT c060" CPYHK'1"fO nOIle3HOCT" AaHHoro 3KOHOM"4ecKoro cy6beKT8 C YY8TOM ero M8)j(Bp8M8HHbIX np8An04TeHHVI: U = f (C"C 2 ) (4) 293 
Inasa 12 K8>K,lJ,8H TOYK8 Ha KpL-1BOL4 6e3p83IlHYL-1H nOKa3blB88T OAL-1H8KOBO npL-1- eMIleMYfO KOM5"Ha'1HfO ceroAH"WHero " 5YAYll1ero nOTpe5IleH"". OTKa3 OT CerOAH"WHerO nOTpe5IleH"" AeHe>KHbIX CpeACTB C Y4eTOM no- IlO>KL-1TeJlbHOL4 npe,QeIlbHOL4 HOpMbl BpeM8HHoro npeAn04TeHL-1f1 03H8Y8eT, YTo B 5YAYll1eM AOMaWHee X03""CTBO nOIlY4"T B03Harpa>KAeH"e B B"Ae npO'1eH- T8 3a ceroAHflwHee C68pe>KeHHe. CIleAOB8TeIlbHO, Jl1068H TOYK8 H8 KpL-1BOCi U 03Ha4aeT OA"HaKOBbl" ypOBeHb nOIle3HOCT" AIl" AOMawHero X03""cTBa. 05paT"MC" K P"c. 1. BYIJYIIee C J Jl011Je6JIeHHe, ;J;0JIj1. 1.02 A C 2 110,2 Y;t 1.00 - - - - - -I I I C" - - - - - -1-1- - I I I I I I I I I I I I o B 90100 C' 196 C C1 Y l 1 CCJ:OJ];WIDIIICC notpe6JJeHHe, AOJlJl. Puc.1. MeJKSpeMeHHye 61OdJKemHOe OZpaHU'IeHUe Hs OC" a6c'1"cc cp"ryp"PyeT ceroAH"WHee nOTpe5IleH"e (C,), Ha OC" OPA"HaT - 5YAYll1ee nOTpe6IleH"e (C,). AonYCT"M, cerOAH"WH"" AOXOA no- Tpe61r1TeIlH npe,QCTaBIleH HeKHM n8pBOH8yaJlbHbiM AeH8>KHbIM H8AeIlOM, Ir1IlIl1 3an8COM, L-1 COCT8BIlHeT Y1 AeHe>KHbIX eAL-1HL-1l!; nOTp86IleHL-1e B TOYHOCTL-1 CO- Bn8A88T C H!.1M, T8K K8K AOMaWHee X03HCTBO He npL-168r8eT K 38111M8M, He npeAIlaraeT CCYAbl. Apyr"MH CIlOBSM", nOTpe5IleH"e OrpaH"4eHO "MefO- ll1"MC" AeHe>KHbIM AOXOAOM (HaAeIlOM). 3KOHOM"4eCK"" cy6beKT MO>KeT nOTpamTb CBO" AOXOA "Il" B ceroAH"WHeM, "IlH B 5YAYll1eM nep"OAe. no- CKOIlb'Y, HanOMH"M ell1e pa3, HeT pblHKa CCYAHoro Kan"TaIla, 6YAYll1"" AO- XOA COCTaBIl"eT BeIl"4"HY Y, " 6YAYll1ee nOTpe6IleH"e TaK >Ke B T04HOCT" cosn8,QaeT C HHM. T8KL-1M 06p830M, Mbl onp8AeIlL-1IlIr1 KOOPAIr1H8Tbi TOYKII1 E, 'OTOpa" nOKa3blBaeT nepBOHa4aIlbHbl" 3ansc (HaAeIl) AeHe>KHbIX cpeAcTB. A Ten8pb npe,QCT8BIr1M, YTO AOMaWHe8 X03f1L4CTBO B C8ro,QHHWH8M nepL-1o- Ae c6eperaeT 4aCTb cBoero AOXOAa, OTAaBa" ero B CCYAY. nOIlO>K"TeIlbHa" pa3HH1J,8 Me>K,[\Y Y 1 L-1 nOTp86IleHII1eM c 1 eCTb He YTO L-1HOe, KaK C6ep8>KeHL-1f1. 294 P b/ HOK Kanumana u npOLjeHm OTKa3 aT ceroAH"wHero nOTpe5IleHH" 5YAeT B03HarpS>KAeH YBeIl"4eH"eM 5YAYll1ero nOTpe5IleH"". Pa3Mep 3TOro B03Harpa>KAeH"", KaK HaM Y>Ke "3- BeCTHO, 38B\.1CL-1T OT BeIlHYHHbl npOl!8HTHOVl CT8BKL-1. CIleAoB8TeIlbHo, B 6y- AYll1eM nep"OAe AOMSWHee X03""CTBO 6YAeT nOTpe5Il"Tb B pa3Mepe Y" " BA05SBOK K TOMY nOIlY4aTb B03Harpa>KAeH"e B B"Ae npO'1eHTHO" CTaBK" Ha CAeIlSHHble c5epe>KeH"" (Y, - C,). BbIPS3"M 5YAYll1ee nOTpe6IleH"e cIleAY- fOl11"M 05pa30M: c, = Y, + (Y,- c,) (1 + r), (5) rAe (Y, - C,) npeAcTaBIl"eT BeIl"4"HY c6epe>KeH"" B ceroAH"wHeM ne- p"oAe. ECIl" pacKpblTb CK05K" B ypsBHeH"" (5) " nepeHeCT" B IleBYfO 4aCTb paBeHcTBa CYMMY Te'Yl11ero " 5YAYll1erO nOTpe6IleH"", TO nOIlY4"M: c,(1 + r) + C, = Y,(1 + r) + Y, (6) <l>OPMYIlbl (5) "Il" (6) npeACTaBIl"fOT c050" Me>KBpeMeHHoe 5IOA>KeT- Hoe orpaHH4eHHe AOMawHero X03""CTBa. Me>KBpeMeHHoe 5fOA>KeTHOe or- p8Hlr1yeHL-1e nOK83blB88T S03MOJKHOCmU, aOCmynHble anfl nompe6neHUFI e ce- eOOHfiWHeM u 6YOYlLIeM nepuooax epeMeHU. B TaKOM B"Ae CPOPMYIlbl (5) " (6) nOKa3blBafOT 5YAYll1YfO '1eHHOCTb (FV) CerOAH"WHerO nOTpe5IleHH" Ae- He>KHbIX cpeAcTB. ECIlIil >Ke MbJ XOTHM nOKa3aTb M8>KBp8MeHHoe 61O,Q>K8THOe orpaHH4eH"e C nOMOll1bfO npO'1eAypbl A"KOHT"pOBaH"" 5YAYll1ero nOTpe5- IleH"" " 5YAYll1ero AOXOAa, T. e. nOKa3aTb "X ceroAH"wHfOfO '1eHHOCTb (PV), TO nOIlY4"M: c, + c,/(1 + r) = Y, + Y,I(1 + r) (7) "Il" C, = Y, + (Y, - c,)/(1 + r) (8) Bce 4eTbipe CPOPMYIlbl (5)-(8) onpeAeIl"fOT Me>KBpeMeHHoe 6fOA>KeTHOe OrpaH"4eHHe. B cIlY4ae (5) " (6) Mbl "CnOIlb3yeM CPOPMYIlY 6yoYlLIeii L<eH- Hocmu CYMMbl AeHer (FV), a B CIlY4a"X (7) " (8) - CPOPMYIlY ceeooHfiwHeii L<eHHocmu CYMMbl AeHer (PV). Hanplr1Mep, nepBOH8Y8IlbHblll1 ,q8H8)f(Hbl H8,Q8Jl COCTaBIlfl8T 100 ,QOIlIl. CT8BK8 npou,8HT8 COCTaBIlfleT 2% (Ir1IlIr1 0,02). ECIU1 AOMaWHee x03f1CicTBO nOIl- HOCTblO OTK83blBaeTCfI OT ceroAHflwHera nOTpe6neHVlfI (c 1 = 0) Ir1 c6eperaeT 100 AOIlIl., OTA8B8f1 Ir1X B CCY,QY, TO era nOTpe6IleH\.1e B 6y,qyeM neplr1o,Qe, comaCHO cpopMyne (5), COCTaB"" 1 00 + (100 - 0) x (1 + 0,02) = 202 Aonn. T04,a A COOTBeT- CTByeT HYIleBoMY nOTpe6Il8HlllIO B cero,qHflwHeM nep\.10,Q8 VI M8KCVlM8IlbHO B03MO)f(- HOMY nOTpe6IleHIr11O B 6YAYl.1.\eM neplr10,q8 npH 38AaHHbiX p8Hee ycnOB\.1f1X (CM. pHC. 1). Mbl p8ccMOTpeIl!.1 nOBeAeH\.1e Kpe,QHTopa. A K8KYlO M8KCIIIM8IlbHYlO CYMMY MO>K8T B3f1Tb B AOIlr ,qOM8WH8e X03f1CTBO, eCJlIr1 OHO nOIlHOCTblO OTK83blB8eTCfI 295 
Inasa 12 aT 6YAYll1ero nOTpe6neH""? V1cXOA" "3 cpopMynbl (8), BenH4HHa c, B TaKOM CIlYLJae COCTaBT o. CIleAoB8TeIlbHo, MO>KeM 38ne8Tb: c 1 = Y 1 + Y/1 + r, It1IlIt1 100 + 100/(1 + 0,02) = 198 Aonn. Y4"TbIBa", 4TO nepBoHa4anbHbl" AeHe>KHbl" 38n8C COCT8BIls:leT 100 AOIlIl., M8KCHM8IlbH8H CYMM8, KOTOpylO MO>K8T B3s:1Tb B Aonr AOMawHee X03""CTBO, COCTaBIl"eT 198 - 100 = 98 Aonn. BenH4"Ha 198 ,lJ,OIlIl. COOTB8TcTByeT T04Ke B H8 OC!.1 85cLI!.1Ce (HYIl8Boe nOTpe6Il8HHe B 6YAY Ll4eM  M8KCHM8IlbHO B03MO)\{HOe nOTpe6IleHHe B HaCTOs:lLl.\eM C YLJeTOM pblHKa 38MCTBOB8HIt1C1). COeAHHIt1B TOLJKV1 A It1 B, Mbl nOCTpOIt1M IlIt1HIt1IO Me)\{BpeM8HHoro 61O,Q)\{eTHoro OrpaHV1LJeHHs:I AB. Mbl paccMoTpem1 KpaC1H\.1e C.nY48V1, Kor,Qa ,QoM8wHee x03s:1C1cTBO nOIlHocTblO OTK83blB8eTCs:I OT ceroAHs:lWH8ro HIlH 6Y,lJ,YLl.\ero nOTpe5IleHHs:I, npe,lJ,Ilaras:l cCY- ,lJ,bl V1Il\.1 06paLl.\aHCb K 3a\.1MCTBOSaHHs:lM. PaCCMOTp\.1M 60Ilee nm!.14Hblll1 eIlYLJaC1. onyeTIt1M, 4TO B cero,QHs:lWHeM neplt1o,Qe ,lJ,OM8WHee x03s:1C1cTSO e6eperaeT, npeAnaraR CCYAbl (Y, - c,), T. e. (100 - 90) = 10 Aonn. CneAoBaTenbHo, ero 6YAYll1 ee nOTpe6neHHe COCTaBHT 100 Aonn. + 10 Aonn. x (1 + 0,02) = 110,2 ,QOIlIl. Ha plt1c. 1 Mbl CMO)\{eM onpe,Q8IlV1Tb KooPAV1HaTbl T04KIt1 K, Ile)\{aLl4eC1 Ha IlIt1HV1H 61O,Q>KeTHoro OrpaHHLJeHHs:I: H8 oe\i1 a6cLlV1cc - 3TO cero,QHs:lWHee nOTpe6- Il8HH8 c 1 , cooTBeTcTBYIOLl4ee 90 ,QOIlIl. (10 AOIlIl. c6eperaIOTcs:I); Ha OC\i1 OP,QV1- HaT - 3TO 6YAYLl.\8e nOTpe6IleHV1e C 2 ' cooTBeTcTBYIOLl.\ee 110,2 AOIlIl. fpacp"4eCK" Me>KBpeMeHHoe 6fOA>KeTHOe OrpaH"4eHHe npeACTaBn"eT c060" np"MYfO Il"H"fO AS C HaKIlOHOM, paBHblM - (1 + r). 1I13MeHeH"e CT8BKIII np04eHTa 6YAeT 1113MeHflTb It1 H8KIlOH IlIt1HH!.1 AS. EYJI,ym,ee C;.! llOTpCMCHHC, 1J;OJIJI. 202 A C2110.2 Y2 100 'E I I L - - - - - -1-1-- I I I I I I I I I I I I B ,91\ c" c, o !/t)lQO c' C1Y l CCrOWDnImeC nOTpefme.nae, Jl,OJIJJ. Puc.2. OnmUMU3a4uR Me}f(SpeMeHHY20 8bl6opa OOMaWHe20 X03RUCmea (Me)f(SpeMeHHye paeHOeeCue) 296 Pb/HOK Kanumana u npOLjeHm Tenepb MO>KHO Harn"AHO npOAeMOHCTp"pOBaTb, KTO 6YAeT KpeA"TO- pOM, 8 KTO - 38eMLl.\.L-1KOM. B TOIlbKO 4TO npV1Se,qeHHOM npV1Mepe KOOPAVI- HaTaM C 1 III C 2 COOTB8TCTBOBaIl8 T04Ka K H8 IlL-1HL-1H M8)\{BpeMeHHoro 610,0.- )l{eTHOro Orp8HIt1Y8H!.1R. BC8 T04KIII, Ile>K8Ll.\L-1e nesee TOYKL-1 E H8 Il!.1HHH AS, 03Ha4afOT, 4TO Mbl paCCMaTp"BSeM 3KOHOM"4eCK"" Bbl60p KpeiJumopa. BeAb OH ceroAHR nOTpe5Il"eT MeHbwe CBoero TeKYl11ero AOXOAa, AeIlaR c6epe>K8HHH L-1 OT,q8S8H HX B3all1Mbi. H8npOTL-1B, Bce T04 KIo1 , .n8>t<8ll..\lIIe npa- Bee TOl.JKH E Ha IlL-1HVlH AS, 03HaY81OT, 4TO Mbl L-1MeeM AeIlO C 3aeMuKoM: OH ceroAH" nOTpe6Il"eT 60Ilbwe cBoero TeKYl11ero AoxoAa, ero c6epe>Ke- H"R OTp"'1aTeIlbHbl. Hanp"Mep, T04Ke L cooTBeTcTBYfOT KooPA"HaTbl c' (npeBbIWeH"e ceroAH"WHero nOTpe5IleH"R HaA AOXOAOM Y " T. e. 3aHM- CTBOBaH"e) " c" (YMeHbWeH"e nOTpe5IleH"" B 5YAYll1eM nepHoAe, no- CKOIlbKY He05xOA"MO BblnIla4"BaTb npO'1eHT no 3a"MaM). IIIT8K, B KaKoVl >Ke TOYKe Ha KpHBOVl 6e3p83m1YIIIH U ,QOCTlt1ra8TCH on- TV1MYM? no aH8IlorlllH C onpe,Q8IleHL-18M onTHM8IlbHOro Bbl60pa nOTpe61r1- TeIl" (rn. 5, 9 9), Mbl MO>KeM OTBeT"Tb: B T04Ke KaCaH"" KP"BO" 6e3pa3- llH4111H ,qoM8wH8ro x03f1CicTB8 14 Il!.1HVlH Me>KBpeM8HHoro 61O,Q>KeTHoro or- paH"4eH"" (CM. P"C. 2). AonycT"M, KaK B HaweM np"Mepe, 3TO T04Ka K. IIIM8HHO B TOYK8 K8caHHfI IlL-1H!.1H AB L-1 KpB8H 6e3pa3IlHYHH U !.1MeIOT O,QHH8KOBbIVl HaKIlOH. B A8HHOM npHMepe onTHM8IlbHbiM AIlH ,QOM8WHe- ro X03""CTBS 5YAeT oCYll1eCTBIleH"e KpeA"TOBaH"". TaK"M 06pa30M, Mbl BIIIAHM, YTO npeAflO>KeHHblL4 0PAHH8IlL-1CTaM!.1 no,qXOA K peweHlll10 38A8YIII Onr"MaIlbHoro Bbl50pa nOTpe5"TeIl" nOIlY4"Il W"pOKOe pacnpocTpaHe- HH8 VI B APyrL-1X ccp8pax 3KOHOMH4eCK0L4 A8f1T8IlbHOCTL-1, a L-1MeHHO T8M, rAe Tpe6yeTC" Ha"T" Onr"MSIlbHOe peWeH"e np" cYl11eCTBYfOl11"X 6fOA- )l{8THbIX orpaHH48HL-1f1X Ir1 KpHBbJX 6e3p83IlVl4V1H (CM. rn. 5, rIl. 10, a T8K>K8 rn. 15). OCHOBHble nOH"THfI: Kan"Tan Cl>H3Io1LJeCKVlL1 K8mn8n Yc.nyr\i1 Kan\.1T8Ila OCHOBHOIl1 It1 060POTHbliii KamnaIl AMOpT"3a'1"" .HoPMa aMOpTH3aL\1t11t1 OKOIlbHble M8TO,Qbl npOVl3BO,QCTBa YL1CTas:l npOVl3BO,Q\.1T8nbHOCTb Kamn8na capital physical capital capital services fixed and floating capital depreciation depreciation rate roundabout production net cspital productivity 297 
rnasa 12 Yp08eHb AoxOAa H8 Kam1Tan PeHTH8s:1 oueHKa MHManbHO npeMneMas:1 p8HTHas:1 oueHKa np8A8nbHaH anbTepHaT!.18Has:1 CTOV1MOCTb (!.13Aep>KK ynyeHHblx B03MO)\{HOcTeli1) K8n!.1Tana Bp8M8HHye np8p,nOYTeHe npel1enbHa" HopMa speMeHHYro npep,nOYTeHV1s:1 CTaBKa npO'1eHTa (HOM"HanbHa" " peanbHa") npe,o,8IlbH8f1 AOXOAHOCTb VlHBeCTV1UVlC1 AV1CKOHTHpOBaHVle C8roAHWHfIfI U8HHOCTb 5YAYll1a" '1eHHOCTb 4\.1CTaH ,l],V1CKOHTHpOSaHH8s:1 UeHHOCTb BHYTpeHHs:1s:1 HopMa AOXOAa Me>KSpeMeHHye 61O,lJ,>K8THOe OrpaH\.1Y8HHe rate of return on capital rental rate for capital required rental on capital marginal opportunity cost of capital time preference marginal rate of time preference, MRTP interest rate (nominal and real) marginal rate of return on the investment discounting present value, PV future value, FV net present value, NPV internal rate of return, IRR intertemporal budget constrsint  Pb/HOK 3eMenbHbiX pecypcos u 3eMenbHaR peHma  rJ18B8 13. PblHOK 3EMEIlbHbiX PECYPCOB 1/1 3EMEIlbHAS'1 PEHTA {( YeepRIO sac, YKpomumb HeCKonbKO KsaopamHblX Ca>KeH 3eMnu - ozpOMHaR no6eoa. Bom oHa ne>Kum, mpyoomo6u- saR, paCCblnyamaR, ena>KHaR; XOyemCR eclO ee pacKpowumb, pa3MRmb nanbLjaMU, lImo6bl yoocmoeepumbcR e ceoeD no- 6eGe. 11 Y)l( He oYMaeWb 0 mOM, limo Ha Heil ceRmb. Pa3ee caMO no ce6e He npeKpaCHoe 3penu- U{e - 3ma meMHBR, e030YWHaR 3eMnR?» Kapen YaneK npe>KAe 4eM 05paT"TbC" K "CCIleAOBaH"fO 3eMeIlbHO" peHTbl KaK cpaKTOpHOrO AOXOAa, Ba>KHO onpeAeIl"Tb HeKOTopble KaTerop"", 6e3 KOTO- pblX ee aHaIl"3 5blIl 3aTPYAH"TeIleH, a "MeHHO: 3eMIleBIlaAeHHe H 3eMIle- n0l1b30BaHHe. 3TL-1 nOHHTHfi H806XOAL-1MO 48TKO OTIlltf48Tb Op,HO OT APYroro. 3eMIleBIlaAeHHe 03Ha4aeT np"3HaH"e npaBa AaHHoro (cp"3"4eCKOrO "Il" IOp"A"4ecKoro) Il"'1a Ha onpeAeIleHHbl" Y4acTOK 3eMIl" Ha "CTOp"4eCK" CIlO- >KY1BWIt1XCfI OCHOB8Hl1HX. 48Ll.\8 Bcere nop, 38MIleBIlap,8HL-1eM nOAP83YM8B8eTCH npaBO co6CTBeHHOCTIII Ha 3eMl1l(). 38MIleBIl8A8H!.18 OCYLl.\8CTBIlfiIOT C06CTB8H- HHKY1 38MIlH. 3eMl1en0l1b30BaHHe - 3TO nOIlb30B8HV18 3eMIleCi B YCT8HOBIl8HHOM 06bl488M L-1IlL-1 38KOHOM nopHAKe. nOIlb30B8T8Ilb 38MIlL-1 He 06H38T8IlbHO HB- neTCH 8e c06CTBeHHL-1KOM. B pe8IlbHOVl X03HVlCTB8HH0l71 >KL-13HH cy6beKToB aeM.n8BIl8A8HL-1f1 V1 38MIlenOIlb30S8HL-1f1 Hep8AKO OIlL-1l!eTBOpHIOT pa3Hbl8 cpV1- 3"4eCK"e ("Il" fOp"A"4eCK"e) Il"'1a. T8K )l{8, K8K !.1 B rn8B8X, nOCBHLl.\8HHbIX PblHKY Tpyp,8 H KanV1T8Il8, Mbl 5YAeM pa3Il"4aTb TepM"Hbl ycnyeu 3eMnu " 3eMnR. nepBbl" "3 BbIAeIleH- I-iblX T8pML-1HOB CBH38H C onp8,o,8Il8HL-18M 38M8IlbHOVl p8HTbl, HIlL-1 8P8HA- Hot1 n.naTbl. BTOpOVl - C onp8,o,8Il8HV18M U,8Hbl 38MIlV1 KaK K8nHT8IlbHoro aKT"Ba. 299 
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B '1eIlOM A"HaM"Ka '1eH Ha 3eMIllO B CTp8H8X pblH04HOVl 3KOHOML-1KL-1 3an8Aa 38 B8Cb nepV10A C H8Y8Ila XX B. "MeIla YCTO"4"BYfO TeHAeH'1"fO K POCTY, XOT" Ha6IlfOAaIl"Cb " OTAeIlb- Hble nep"OAbl CH">KeHH" (Hanp"Mep, B CWA B CepeA"He 1980-x rr., B CB"3" C naAeH"eM cpepMepCK"X AOXOAOB ynaIla " '1eHa 3eMIl": B 3TOM >Ke HanpSB- IleH"" Ae"CTBOBaIl " pOCT CTaBOK CCYAHoro npO'1eHTa B Ha4aIle 80-x rr. XX B., AOXOA"BW"" AO 18-21%). 3eM8IlbH8H p8HT8 03Ha4a8T nIl8THOCTb Ba>KHeVlw8ro cpaKTop8 np0V13- BQACTBa - 38MIlY1. 3KOHOML-1CTbl npowIloro no-p83HOMY OLleHJ.1B8IlVl 3TO 06- CTORTeIlbCTBO. Hanp"Mep, K. MapKc C4"TaIl caM cpaKT nIlaTHOCT" 3eMIl" f"!pensncTBL-18M AIlH pa3BL-1TVlH np0L-13BOAHTeIlbHblx CL-1Il B ceIlbCKOM xo- 3S1V1cTBe, n03ToMY V1M 14 np8,QIlaranacb ee H8U,L-10H8IlL138l!HH. H80KIl8CCY1l.J8C- KO WKOIlO, H8060pOT, nOA4epKMBa8TcH nOIlO>KHTeIlbHbl, T. 8. 6n8ronpL-1HT- t:lbJH C T04KY1 3p8Hs:I 3cpcpeKTY1BHOCTH, X8paKTep nIl8THocn1 38MIlY1 KaK B8)\(- HeViwero P8CypC8. 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WYMneTep, - Mbl HS3blBaeM X03""- CTBeHHblX cy5beKToB, cpYHK'1"e" KOTOpblX "BIl"eTC" KaK pa3 OCYll1eCTBIleH"e HOBblX KOM6Io1H8l!1II1I1 V1 KOTOpbl8 BblcTynalOT KaK ero 8KH1BHblL4 3Jl8MeHT».3 II1T8K, HYIleBa 3KOHOM"4eCKaR, "Il" HopMaIlbHa", np"6bIIlb, "BIleTC" CIleA- CTBHeM CTan14HOVl 3KOHOM!.1KIII 14 CB06oAHOH KOHKypeH'1"H B 4"CTOM B"Ae. Ho, C OAHO" CTOpOHbl, B pe8IlbHoIII ,QeHCTBL-1T8I1bHOCTIll cB050AHa" KOHKypeH'1"", nOIlHoe paBHOBe- clt1e pblHKa, CTaT\.14HaH 3KOHOMHK8 cyw,e- CTBOBaTb H8 MorYT. BcerA8 IIIMe8TCH onpe- A8Il8HH8H CT8n8Hb HeCOBepW8HCTBa KOHKY- peH'1"" (MOHOnOIl"3a'1" pbIHKa), Pb1H04- 312 1 c;,03ecp WYMneTep (1883- 1950), BbtAalOUJ,lt1C1c5I aBCTplt1C1cKIt1C1 3KOHOMIt1CT, c 1932 r. )IU1Jl VI pa6o- TaJl B CWA. 2 CM. WYMneTep III. Teop!i\s:I 3KOHOMVl4eCKoro pa3BI.o1TVls:I. M., 1982. C.159. 3 WYMneTep III. YKa3. co"'. C.169-170. n peonPUHUMamenbcmso U npu6blflb Hoe HepaBHOBeC"e, HeonmMaIlbHoe nOBeAeH"e HHA"B"AYYMOB. 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Inasa 15 HaT. no M8PW8IlIlY, B8Il!.14L-1Hbl cnpoca L-1 npeAIlO>K8H!.1H HBJ1HIOTCfI H838SL-1_ C\llMblM\II n8p8M8HHbIML-1, 8 L\8H8 cnpoca 14 np8AflO>K8HIIIH - 38BHCIt1M0L4. no- 3TOMY BnOIlHe IlOr"4HO, 4TO Q Y MapwaIlIla cp"ryp"pyeT HS rop"30HTanb_ HOL4, 8 P - H8 BepTV1K8IlbHO OC!.1. 1 OAH8KO COBp8M8HHbl8 3KOHOML-1CTbl It1c- nOIlb3YfOT CPYHK'1"" cnpoca " npeAIlO>KeH"" B TpaKTOBKe BaIlbpaca, rAe l!8Ha flBnH8TCH H83aB\IICL-1MO n8peMeHHol71, 8 06b8Mbi cnpoca \II np8AIlO)!{e_ H"" - 3aB"C"MbIM" nepeMeHHblMH. Ho np" 3TOM B rpacp"4eCKOM "306pa_ >KeH"" '1eHa cp"ryp"pyeT Ha OC" OPA"HaT, S BeIl"4"Hbl cnpoca " npeAnO>Ke_ H"" - Ha OC" a5c'1"cc. nOM"MO TpaA"'1"OHHO" MOAeIl" paBHOBeC"", CYll1eCTByeT MOAeIlb Kpa. eBoro paBHOBeCIItJI, B03HVlK81OLl.\8ro npH HYIl8BOVl Ll8H8 ItIIlH nplll HYIleSblX cnpoce " npeAIlO>KeH"" (P"c. 15.2a, 5). P P D S S D o o a) Q 5) Puc. 15.2. Kpaeeoe paeHoeecue 3TS MOAeIlb OTpa>KaeT HeKYfO <<npeAPbIH04HYfO» C"Tya'1"fO. ECIl" 5naro HaXOA!.1TCH B \1136bITOl.JHOM KOIllt148CTB8 no OTHoweHllllO K cnpocy, TO n8p8,[1 H8MIo1 - CB060AH08, !.1IlH H83KOHOMV148CK08 6Ilaro (HanpIllM8p, 4V1CTbIVl 803- AYX, BOAa "CT04HHKa " T. A.); paBHOBeC"e B TaKOM cIlY4ae HacTynaeT np" HYIleBoCi '1eHe (P"c. 15.2a). PaBHoB8cH8 H8 «HenpOH3BoAIIIMbI8 6Ilar8» (HanpIllM8p, TOB8pbJ, npoVl3- BO,QCTBO KOTOpblX T8XHOIlorIll4eCKL-1 B03MO>KHO, HO 3KOHOMH48CK\.1 Hel!8Ileco- 06pa3Ho), xapaKTep"3yeTc" HYIleBblM 05beMoM cnpoca " npeAIlO>KeH"R Ta, npO"CXOA"T nOToMY, 4TO '1eHa npeAIlO>KeH"" BcerAa 5YAeT npeBblwaTb '1eHY cnpocs np" "X nOIlO>K"TeIlbHOM 3Ha4eH"" (P"c. 15.25). AonycT"M, 4TO 3TO 30IlOTbl8 YHIt1T83bl, Io1HKPycTIr1poBaHHbl8 "3YMpYAaM". KOHe4Ho, MO>KHO npeAcTa- BV1Tb, 4TO HalllA8TcH 3KCLleHTpJ.14HbIL4 MVlIl- Il"apAep, 3aKa3aBW"" ce5e TaKa" TOBap, HO npeAnOIlO>KeH"e a Cep""HOM npO"3BOA- CTBe nOA06HbiX L-13A8IlL-1V1 HBIlH8TCfl CIlL-1W- , CM. MapwaJlJl A. 3KoHoMlII4ecKo HaYKIII. 1993. C. 29 (P"c. 19). nplllHWlllnb l T II. M, 320 Q npeUMYl14eCmSa U HeaOCmamKU pblHOYHOZO MeXBHU3MB KOM CMeIlbIM. C"Tya'1"" C «HenpO"3BOA"MbIM"» 5IlaraM" MO>KeT B03H"KHYTb " np" pa3pa50TKe onblTHblX AOPOroCTO"ll1"X 05pa3'10B KSKOro-Il"50 TOBapa, ellle He 3HaKOMoro nOTpe6"TeIlfO, a nOTOMY He BoweAweMY ell1e B CTaA"fO cep""HOrO BblnYCKa. 3aAaA"MC" BonpOCOM 0 eA"HCTBeHHOCT" pblH04Horo paBHOBeC"R Mo- >KaT IlVl Ha pblHK8 B03HVlKHYTb H8CKOIlbKO paBHOB8CHbJX COCTOHHHVI? Bce 3aB"C"T aT xapaKTepa CPYHK'1"" cnpocs " npeAIlO>KeH"" KOHKpeT- Horo TOBspa. PbIHK" 50IlbW"HCTBa HopMaIlbHblX TOBapOB, cnpoc Ha KOTopble 05paTHO nponOp'1"OHaIleH '1eHe, a npeAIlO>KeH"e - npMO nponOp'1"OHaIlb- HO '1eHe, xapaKTep"3YfOTC eAHHCTBeHHOCTblO pSBHOBeCHR. OAHSKO cy- llIeCTBYfOT "CKIlf04"TeIlbHble TOBapbl, CPYHK'1"" cnpoca "Il" npeAIlO>KeH"" KOTOpblX BeAYT ce5 «He no npaB"IlaM». TorAa MorYT B03H"KaTb CIlY4S" MHO>KeCTBeHHOCT" paBHOBeC"R Hanp"Mep, Kp"BaR "HA"B"AYaIlbHoro npeA- nO)KeH" TpYAa, KaK Mbl nOMH"M "3 rn. 11, Ha Y4acTKe 3cpcpeKTa 3aMell1e- H"R "MeeT nOIlO>K"TeIlbHbl" HaKIlOH, a 3aTeM, nOA B03Ae"CTB"eM 3cpcpeKTa AoxoAa, MeH"eT ero Ha OTp"'1aTeIlbHbl", " ABa>KAbl nepeceKaeT KP"BYfO cnpoca Ha TPYA. n03TOMY Ha pblHKe TPYAa MO>KeT CIlO>K"TbC ABo"Hoe paB- HOBeC"e: nepBoe - np" H"3KOM YPoBHe CTaBK" 3apa50THO" nIlaTbl " BTOpoe - np" BbICOKO" CTaBKe. KnaCC"4eCKa" TeOp"" OCHOBbIBaeTC" Ha npeAnOIlO>KeH"" 0 CTs5HIlbHOC- TH pSBHoBecH", T. e. 0 cnoc05HOCT" pblHKa caMOCTO"TeIlbHO BepHyrbc" B no- IlO>KeH"e paBHOBeC"" B cIlY4ae OTKIlOHeH"" aT Hero. BcerAa Il" 3TO TaK? B AaH- HOM BOnpoce HaM nOMO>KeT pa305paTbC" nS}'THHOo5pS3HSR MOAeIlb pbIHKS. n8YTIt1H006pa3H8H MO,QeIlb C4!.1T8eTCH A!.1HaMH48CKOIII VI nOK83blB88T B3a- MMOAeMCTBHe cnpocs H npeAIlOJKeHH" npH nepeXOAe OT OAHoro BpeMeHHoro nepHOAS K APyrOMY. npeAIlO>KeH"e C on03AaH"eM pear"PyeT Ha L43M8H8H\.1e Ll8Hbi cnpOC8, YTO Bbl3blB8eT U,8HOBbI8 KOn86aHIr1H. P P P D S D S D '-'1 - P, - ;liE - P E Po - ;1'2 - Po - P, - I I 0 QoQ, Q. Q, QO Q, QoQ. Q, 0 Q. Q Q a) Mo,qenb C 3aTyxal-O- i4MMM ...,eHoBblMIII Kone6aHMSlMH Puc.15.3. 6) Mo,qel1b C YCHI1HBalO- UJ,HMHCSI K0J1e6aHHSlMH ...,eHbl B) Mo,qenb C paBHoMep- HblMH K0l1e6aHHflMH ...,eHbl naymuHoo6pa3HaR Mooenb pblHKa 321  l, Kypc 3KOHOM4ecKoi1 TeOp1'1 
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Ha P"c. 15.3a npO"3BOA"TeIl" B TeKYll1eM nep"OAe to npeAIla- rafOT TOBap B 05beMe Qo no '1eHe Po' 4TO H">Ke paBHoBecHblx napaMeTpoB pblHKa. np" '1eHe Po Ha5IlfOAaeTc" A8CP"'1"T, KOTOpbl" TOIlKaeT '1eHY TOBapa K nOBbIWeHL-11O !.1 OH8, np8BbtCHB p8BHOB8CHblL4 ypOB8Hb P E , YCT8H8BIlHBa8T CH Ha YPOBH8 P 1 . IIIM8HHO 3T8 BblCOKaH U,8H8 H nOBIlL-1H8T Ha p8W8H\.18 npo- "3BOA"TeIle" YBeIl"4"Tb BblnycK B cIleAYfOll1eM nep"OAe AO ypOBH" Q" 0A- HaKO B CIl8AYfOll1eM nep"OAe t , 05beM cnpoca, Op"eHT"PYfOll1erOC" HS '1eHY P 1 , OK8>K8TCH M8HbW8 npeAflmK8HL-1H. 11136blToK TOBapa Ha pblHK8 co6beT '1eHY H">Ke paBHOB8cHO" AO ypOBH" P,. Ho pa3H"'1a Me>KAY P E " P" ,a, B"AHO "3 p"CYHKa, M8HbW8, 4eM Me>KAY P E " P , . COOTB8TCTBeHHO, B nep"- OA t, 06beM npeAIlO>KeH"R np" '1eHe P, CH"3"TC" AO Q" 4TO H8CKOIlbKO 6n"- >K8 K paBHoBecHoMY, 4eM 06beM npeAIlO>K8H"" npeAblAYll1ero nep"OAa. Ta" nOCTeneHHO B pe3YIlbTaT8 '1eHOBO" " KOIl"4eCTBeHHo" (05beMHO") nOA- CTPO"K" npeAIlO>K8H"e nOIlHOCTbfO Ha"AeT cnpoc B 05beMe QE np" '1eHe P E . Ha pblHK8 8BTOMaTL-1yeCKH YCTaHoBHTcH p8BHoB8cHe. ECIlH >K8 np0L-13BOAVlTeIlL-1 CHIlbHe8 p8arL-1pYIOT H8 H3M8H8HHe U,8Hbl, 4eM npeAb"B"TeIl" cnpoca (B 3TOM cIlY4se KP"BS" npeAIlO>KeH"" 50Ilee nono- ra", 4eM Kp"Ba" cnpoca), TO '18Ha 5YAeT KOIle6aTbC" BO BpeMeH" C Hapac- TafOl11e" aMnIl"TYAO" (P"c. 15.35), T. e. '18HOBbl8 KOIle5aH"" 5YAYT YC"Il"- BaTbC" " '18Ha 5YAeT Bce 50Ilbwe YAaIl"TbC" OT paBHoBeCHo". TaKa" C"TY- 8l..\1t1f1 roBOplt1T 0 KpaVlH8V1 H8CT86HIlbHOCTL-1 nOIlO>KeHIt1H np0!.13BOAHT8IleCi OT- p8CIlL-1. YC!.1IleHHe HeYCTOL4YIr1BOCTL-1 pblHKa T80peTH4eCKL-1 MO>K8T npHBeCT\I1 K ero pa3pyweH"fO. OA"HaKOBa" 4YBcTB"TeIlbHOCTb cnpoca " npeAIlO>KeH"" K "3MeHeH"fO '1eHbl (4TO rpacp"4eCK" Bblpa>KaeTC" paBHblM no MOAYIlfO HaKIlOHOM 3T"X KP"BbIX) nOpO>KAaeT paBHoMepHble KOIle6aH"" (P"C. 15.3B), T. e. 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Ha P"C. 15.4 "305pa>KeHbl ABe C"CTeMbl KOOPA"HaT, nOBepHY- Tble APyr K APyry TaK, 4TO "X OC" COCTaBIl"fOT np"MoyroIlbH"K. npaBbl" Bep- 326 npsUMYUI,eCmSa U HeoocmamKU pblHOYHOaO MexaHU3Ma XH"" yroIl np"MoyroIlbH"Ka - HS4SIlO KOOPA"HaT 0A' B C"CTeMe KOTOpblX paCnOIlO>KeHS KspTa KP"BbIX 6e3pa3Il"4"" AH" (cpaBH"Te C aHaIlor"4HbIM" KapTaM" B rn. 5, 9 9). neBbl" H">KH"" yroIl - Ha4aIlO KOOPA"HaT 0B' B C"C- TsMe KOTOpblX p8CnOIlO>KeHa KapTa Kp!.1BbIX 683pa3IlL-1L1L-1H B8CV1. no roplll30H- TaJ1bHol71 OCL-1 OTM84eHO KOIlHyeCTBO xIle6a, no BepTIilKaIlbHOL4 - WOKOIl8,Q8, B KOIll-1Y8CTBe 10 V1 6 8AL-1HV1U, COOTBeTCTBeHHO. nYCTb 1t13HaY8IlbHO 6Ilara pacnpeAeIleHbl B T04Ke 1, T. e. 7 eA"H"'1 xne5a " 1 eA"H"'1a WOKOIlaAa y Bac" (n03TOMY OH '1eH"T WOKOIlSA 50Ilbwe, 4eM xIle5). B TO" >Ke T04Ke 1 Mbl B"A"M, 4TO Y AH" 3 eA"H"'1bl xIle5a " 5 eA"H"'1 WOKOIlaAa ' (aHa, "Me" 50Ilbwe WOKOIlaAa, O'1eH"BaeT xIle6 Bblwe, 4eM Bac,,). B 3TO" T04Ke npe- AeIlbHble HOpMbl 3aMell1eH"" (MRS) Y4aCTH"KOB CAeIlK" He COBnaAafOT': MRS A = 3, MRS B = 1/2, 4TO n03BOIl"eT 3aKIlf04aTb B3a"MOBblrOAHble CAeIl- K". Kp"Bble 6e3pa3Il"4"" U A1 " U.,. cooTBeTcTBYfOll1"e Hs50py npeAn04Te- HH" AH" " Bac", nepeceKafOTc" B T04Ke 1, 05pa3Y" 05IlacTb B3a"MOBblrOA- HblX CAeIlOK (3aWTp"XOBaHHa" 4aCTb p"cYHKa). OOHaKO He npu KaJKooii e38- UMoebleOOHoii coenKe pacnpeoeneHue 3cpcpeKmUBHO. Hanp"Mep, B T04Ke 2 CAe IlK a B3a"MOBbIrOAHa (Bac" np"05peTeT AOnOIlH"TeIlbHYfO nIl"TKY WOKO- IlaAa, a AH" - ell1e OAHY 5yxaHKY xIle5a, T. e. TO, 4TO OH" 50Ilbwe '1eH"T). Ho TaK KaK Kp"Bble 5e3pa3Il"4"" B 3TO" T04Ke nepeceKafOTC", npeAeIlbHble HOpMbl 3aMell1eH"" (MRS) y KOHTpareHTOB He paBHbl. YCIlOB"eM >Ke 3cpcpeK- T"BHOro pacnpeAeIleH"" "BIl"eTC" paBeHCTBO MRS Y4aCTH"KOB 06MeHa, B pe3YIlbT8Te KOTOpOro 6Jl8rococToHHHe KOHTp8r8HTOB H8Ilb3H YIlY4WItITb, He YXYAW"B nOIlO>KeH"" OAHOro "3 H"X, T. e. YCIlOB"e napeTO-3cpcpeKmBHoro pacnpeAeIleH"". OHO "306pa>KeHO Ha P"c. 15.4 B T04Kax 3, 4 " 5, B KOTO- pblX Kp"Bble 6e3pa3Il"4"" KacafOTC" APyr APyra " "MefOT B 3T"X T04Kax OA"- HaKoBbl" HaKIlOH. CIleAoBaTeIlbHo, MRS A = MRS B . AaHHoe npaB"IlO pacnpo- cTp8HHeTcH 14 H8 MHO>KeCTBO KOHTp8reHToB, 06MeHHBalOL-1XCH MHO>KeCTBOM TOBapoB: pacnpeAeIleH"e 3cpcpeKT"BHO TOIlbKO B TOM CIlY4ae, eCIl" MRS Ilf050" napbl TOBapOB OA"HaKOBbl AIl" Bcex Y4aCTH"KOB 05MeHs. TaK"M 06- pa30M, oAHoBpeMeHHoe paBHOBeC"e Y4aCTH"KOB 05MeHa YCTaHaBIlHBaeTc" np" 3aKIlf04eH"" 3cpcpeKT"BHO" cAeIlKw MRSAwOK., XIl. = (PWOK./P XIl.) = MRSBwOK., XIl. AaHHa" cpopMYIla OTpa>KaeT YCIlOB"e ,qOcTH>KeHL-1f1 p8BHoBecV1H Ha KOHKypeHTHblx pblHKax. KOHKypeHTHblM pSBHoBecHeM 3KOHOMIt1CTbl Ha3blB81OT p8BHoBecV18 no BaIlbpacy. HanOMH"M, 4TO B OCHOBe AOCT"- eHHH KOHKypeHTHoro p8BHOBeCL-1H Il8>KHT YCTaHOBIleH"e Ta,oro Ha50pa '1eH, np" KOTOPOM cnpoc paBeH npeAIlO>KeH"fO Ha Bcex "MefOl11"XC" pblHKax B YCIlOB""X KOH- Kyp eH '1"". BepHeMc" K P"c. 15.4. Kp"Ba", npoxo- (3) 1 npMeM 3a e,QIiIHliIl\Y 3Mepe. HIiII=! xne6a 1 6yxaHKY, a ,Qnl=! WOKO na,Qa - 1 nn IiITKy. 2 B 3TOM nerKO y6e,QIiITbCI=!: npo Be,Qme 4epe3 T04KY 1 KacaTenb- Hb!e K COOTBeTcTBYIOLl\eiil KplilBblM 6e3pa3nlil41-11=1 AHIiI iii BacJ.1. Bb! YBIiI- ,QLIITe, 4TO y HLIIX pa3Hbliil HaKnOH. KacaTenbHal=! K KplilBOiil 6e3pa3nlil- 4L111=! VA I-1MeeT HaKnOH -3, a Ha- KnOH KacaTenbHoiil K KpBOiil 6e3- pa3nlil4L11s:! VB paBeH -1/2. 327 
Inaea 15 TIOJIe3HOCTb AHH V 2 - -- r v, I I I __.J_ I I I I I 1- o V 2 V t PUG. 15.5. TIOJIe3HOCTL BacH KpuaBR oOCmUJKUMOU (ao3MOJKHOU) none3Hocmu As:lLl.\8s:1 V13 TOYKL-1 0A B TOYKY 0B C08AL-1Hs:leT BC8 TOYKL-1 KaCaHL-1H Kplo1BblX 683- p83IlVlYI-1H KOHTp8reHTOB AHL-1 H B8CH, B KOTOpblX HX npeAeIlbHbJ8 HOpMbl 38- Mell1eH"" paBHbl. TaKaH Kp"Ba", OTpa>KafOll1a" Bce 3cpcpeKT"BHble CAeIl'", T. e. Bce CIlY4a" 3cpcpeKTHBHoro pacnpeAeIleH"", Ha3b1BaeTC" KpHBOii KOH- TpaKTOB. II1MeHHo Kp"Ba" KOHTpaKTOB " CIlY>K"T rpacp"4eCK"M "305pa>KeH"- eM napeTO-3cpcpeKT"BHoro pacnpeAeIleH"" Me>KAY ABYM" sreHTaM" Hn" ABYM" rpynnaM" areHTOB, 4TO " OTpa>KeHO Ha P"c. 15.4. Ha p"cYHKe 15.5 "306pa>KeHa Kp"Ba" KOHTpaKToB, BorHYTa" no OTHowe- HV110 K H8l.J8JlY CHCTeMbl KOOPAI-1H8T. OH8 np8AcT8BIlH8T c060LII \.13B8CTHYIO HaM KP"BYfO "3 «"ll1"Ka 3A>KBOPTa» (P"c. 15.4), nOIlY4eHHYfO np" npoBeAe- HHH Il"H"" 4epe3 Bce T04K" KaCaH"" KP"BbIX 5e3pa3IlH4"" (T04K" 4, 3, 5). nf05a" T04Ka 3TO" KP"BO" npeAcTsBIl"eT c050" 3cpcpeKT"BHOe pacnpeAe- IleH"e no napeTO, MaKC"M"3"PYfOll1ee cYMMapHYfO nOIle3HOCTb pacnpeAe- Il8HI-1H 6Ilar B 06Ll.\8CTBe. IIIHa48 rOBopH, :no Kpli1B8H AOCTV1>KIi1MOLil nOIl83HO- CT" AIl" 051l1ecTBs. AonycT"M, 4TO Bce 061l1eCTBo COCTO"T "3 ABYX n", AH" " Bac", OIl"'1eTBop"fOll1"X ABe 051l1eCTBeHHbie rpynnb!. np" npOAB"- >KeH"" "3 T04K" 3 B T04KY 4 nOIle3HOCTb 5Ilar AIl" OAHO" rpynnbl 051l1e- CTBS, KOTOpyfO npeAcTaBIl"eT Bac", YMeHbwaeTc". HanpOT"B, none3- HOCTb AIl" APYro" rpynnbl, KOTOpyfO OIl"'1eTBop"eT AH", B03pacTaeT. Ho B KaKoVl T04Ke Ha KpL-1BOLil AOCT!.1)\{I-1MOLII nOIl83HOCTV1 MaKCL-1MH3Ir1pY8TCs:I 06- ll1eCTBeHHoe 5IlarocOCTO"H"e? BeAb 3cpcpeKT"BHOe no napeTo pacnpe- AeIleH"e He AaeT OTBeTa Ha Bonpoc 0 pacnpeAeIleH"" 5IlarOCOCTO"H"" Me>KAY IlfOAbM" C T04K" 3peH"" ero )/(en8menbHocmu AIl" 061l1eCTBa. AS>Ke caMbl8 KpaL4HIi18 TOYK!.1 Ha Kpli1BOVI AOCTL-1>KL-1MOL4 nOIl83HOCT!.1, KorA8 BCe AOc- TaeTC" KaKoMY-Il"50 OAHOMY "3 cy5beKTOB ("Il" OAHO" 061l1eCTBeHHO" rpyn- ne), nSpeTO-OnT"MaIlbHbl. 328 npeUMYl.4eCmSa U HeoocmamKu pblHOYHOeO MexaHU3Ma VA V, V, KpHBaH iJ;OCTWKHM.OH fiOJIe3HOCrH o PUG. 15.6. VB MaKCUMU3aLluR o6ecmaeHH020 6naaococmORHUR 05paT"MC" K P"c. 15.6. Kp"Ba" AOCT">K"MO" nOIle3HOCT" (P"c. 15.6) nOKS3blBaeT Bce Bap"aH- Tbl nOIle3HOCT", AOCT">K"MO" np" napeTo-3cpcpeKTHBHoM pacnpeAeIleH"H A8HHoro KOIl"4eCTBa 5Ilar Me>KAY ABYM" 4IleHaM" 051l1eCTBa (KaK B np"Me- pe C «"ll1"KOM 3A>KBOpTa») "Il" 051l1eCTBeHHbIM" rpynnaM". BblnYKIlbJMH no OTHOW8HIo11O K H8yaIlY CHCTeMbl KOOPAI-1HaT 1t1306p8>K8Hbl HOBbie AIl" Hac rpacp"K" - 051l1eCTBeHHbie Kp"Bble 5e3pa3Il"4"", "Il" KP"- Bble paBHoro 5IlarococTO"H"". 051l1eCTBeHHS" KpHBSR 5e3pS3IlH4HR. no SHaIlOr"" C "HA"B"AyaIlbHo" KP"BO" 5e3pS3Il"4"" (CM. rn. 5, 9 9), nOKS3bl- BaeT Bce KOM6!.1Hal..\1i11-1 nOIle3HOCTell1 P83IlL-1YHbIX COl!1t18IlbHbIX rpynn, COOT- BeTcTBYfOl11"X OAHOMY " TOMY >Ke ypOBHfO 051l1eCTBeHHoro 5IlarocoCTO"H"", 8 n03TOMY OA"HaKOBO np"eMIleMblX (OA"HaKOBO 6e3pa3Il"4HbIX) AIl" 061l1e- CTBa. CYll1eCTByeT MHO>KeCTBO 051l1eCTBeHHbix KP"BbIX 6e3pa3Il"4"" (KapTa 051l1ecTBeHHbix KP"BbIX 5e3pS3Il"4""), KOTopble 0503Ha4afOT pa3Hbie ypOB- H" 5IlarocoCTO"H"" 051l1eCTBa. YeM Bblwe ypoBeHb 5IlSrocOCTO"H"", TeM ASIlbwe cooTBeTcTBYfOll1a" eMY 061l1eCTBeHHa" Kp"Ba" 5e3pa3Il"4"" pacno- IlO>KeHa OT Ha4aIla KOOPA"HST. OAHaKO caMbl" BbICOK"" ypOBeHb 6Ilarococ- TOS1HHH, KOTOpOro 06Ll.\8CTBO MO)l{8T p88IlbHO ,qOCTL-1Yb nplr1 3aA8HHbiX B03- MO>KHOCTs:lX, OTp8>K8eT T8 06eCTBeHH8H KPL-1B8H 6e3p83IlHYHH, KOTOp8H MeeT TOIlbKO OAHY 051l1YfO T04KY ("Il" 061l1YfO KacaTeIlbHYfO) C KP"BO" AOC- T)I("MO" nOIle3HOCT". TaK"M 05pS30M. pacnpeoeneHue, M8KCUMU3upYlOUjee OOUjecmeeHHoe 6naeococmORHue, 6yoem oocmueHymo e m04Ke Kac8HUR b6UjecmeeHHoii KpueoO 6e3pa3nU4UR U KpueoO oocmu)/(uMoii none3Hocmu. PSCCMOTpeHHbl" HaM" np"Mep ell1e pa3 nOKa3blBaeT YH"BepCaIlbHbl" apaKTep annap8Ta L-13BeCTHbIX HaM KpL-1BbIX 683pa3IlI-1YL-1s:1, L-1CnOIlb3Y8MbILil np" aHaIl"3e np05IleM Bbl50pa. B CBfl3L-1 C npo6Il8MOVl MaKCL-1MH38l!HH 06eCTB8HHoro 6narocoCTOs:lHL-1H PaCCMOTp"M ABe TeOpeMbl 3KOHOM"K" 6IlarococTO"H"". nepBS" TeopeMS 1 329 
Inasa 15 3KOHOMHKH 611arOCOCTOH 38KIllOyaeTCH B TOM, YTO paCnp8p,eIleHL-1e B YCIlOB""X KOH'ypeHTHorO paBHOBeC"" 3cpcpeKT"BHO no napeTO. 3Ha4"T, eCIl\.1 BC8M YY8CTHKaM C,o,8IlK\.1 YA88TCH M8KCHM\.13J..1pOBaTb CBOID nOIle3 HOCTb, TO B pe3YIlbTaTe AOCT"raeTC" 051l1eCTBeHHO 3cpcpeKmBHoe pacnpe- AeIleH"e, MaKC"M"3"PYfOll1ee 061l1eCTBeHHoe 6IlsrOCOCTO"H"e. AaHHS" TeopeMa YKa3blBaeT HS "HCTpYMeHT AOCT">KeH"" 3cpcpeKT"BHOCT" no na- peTO: 3TO - MeX8HL-13M KOHKypeHTHoro pb1HK8. C ero nOMOLl.\blO MO)\{HO AOCT"4b napeTO-3cpcpeKT"BHOrO pacnpeAeIleHH" 5Ilar CpeA" COTH" Tbl- C"4 Y4SCTH"KOB, He np"5era" K C03AaH"fO cne'1"aIlbHblX CTPYKTYP no c60- PY "HcpopMa'1"" " np"H"T"fO '1eHTpaIl"30BaHHbIX peWeH"". He05xOA"MO " AOCTaT04HO, 4T06bl Ka>KAbl" Y4aCTH"K pacnpeAeIleH"" 06IlaAaIl "HcpopMa- l!V1eVl 0 KOHKypeHTHoVl pblHOYHOVI l!eHe TOro !.1IlH L-1HOro TOBap8. BTOPS!! TeopeMS 3KOHOMHKH 5IlsrOCOCTORHHR rnaC"T, 4TO B onpeAe- IleHHblX YCIlOB""X ' np" nSpeTO-3cpcpeKT"BHOM pa3Mell1eH"" 5Ilar MO>KeT 6blTb AOCTL-1rHYTO KOHKypeHTHoe p8BHOBeC!.1e. II1HbIML-1 CJlOBaM\.1, K8)f{p,aH TOY- K8 Kp\llBOVI KOHTp8KTOB - 3TO CIlYY8V1 KOHKypeHTHoro p8BHOBeCL-1s:1. .o.8HHas:J TeopeMa npOBOA"T pa3rpaH"4eH"e Me>KAY aIlIlOKsmBHO" " A"CTp"5ymB- HO" pOIlbfO '1eHoBoro C"rHaIla (noAP05Hee 06 3T"X CPYHK'1""X CM. rn. 5, S 10). C OAHO" CTOpOHbl, pblH04Ha" '1eHS onpeAeIl"eT OTHOC"TeIlbHYfO peAKOCTb TOro V1J1L-1 HHOro 6Il8r8, C ,qpyroVl, - nOK83b1BaeT, K8KOVI 06b8M pa3IlHYHblX TOB8pOB Ka)f{p,blVl pblHOYHblCi ar8HT B COCTOHHL-1H np\ll06pecn1. OAHaKo AIl" AOCT">KeH"" 061l1e" 3cp- cpeKTHBHOCTL-1 3KOHOML-1KH HeAOCT8TOYHO 3cpcpeKT"BHoro pacnpeAeIleH"" 5Ilar CpeA" nOTpe5"TeIle". He05xOA"MO, 4T06bl " npo- H3Bo,qHTeIlL-1 p8CnOpH>KaIl\.1Cb 3KOHOM\IIY8C- K"M" 6IlaraMH 3cpcpeKT"BHo. AIl" paCCMOTpeH"" ycnOB"" 3cpcpeK- TIIIBHOro \IICnOIlb30B8HL-1f1 cpaKTopoB np0L-13- BOACTB8 MO>KHO BHOBb L-1CnOIlb30B8Tb «"ll1"K 3A>KBOpTa». PaCCMOTp"M P"C. 15.7. Ha nOBepHYTblX APyr K APyry OC"X KOOPA"HaT paCnOIlO>KeHbl cpaKTOpbl npO"3- BOACTB8 xIle68 L-1 WOKOIl8A8. K8>KAaH TOYKa AL-1arp8MMbl nOK83blBa8T 38TP8Tbi TPYA8 H Kan\llT8Ila ,qIlH np0L-13BO,QCTB8 3TL-1X ABYX TOB8pOB. Ha60p "30KBaHT nOKa3blBaeT ypOBH" BbrnycKoB xIle5a " WOKOIlSAa np" pa3Il"4- HblX KOM5"Ha'1""X 3aTpaT TpYAa " Kan"T8- Ila (P"c. 15.7). PacnpeAeIleH"e cpaKTopoB npO"3BOACTBa 3cpcpeKT"BHO, eCIl" BbrnycK 330 1 YCIlOBLile, npLil KOTOpOM Bbl- nOIlHeTC BTopa TeopeMa 6Il8- roCOCTOHItI, 3aKIlto4aeTCH B TOM, 4TO npe,o,n04TeHItI Y4aCTHItIKOB pacnpe,o,8Il8HItIs:I ,o,omKHbJ Bblpa- >KaTbC KpltlBblMII1 6e3pa31lW"I!ii, ItIMetoll\ltIMItI TaKYIO >K8 cPOPMY, K8K B MO,o,eJll.1 «ll\ItIK 3,o,>KBOPT8», T. e. BblnYKIlbIMItI. Tor,o,a M8>K,o,y napo KpltlBblX 6e3pa3Il1tl41t1 npOAeT e,QItIHCTB8HH8H 06Ll\a K8C8TeIlb- Ha, KOropylO MO>KHO npeACT8BIIITb B BltI,o,e o6Ll\ero 61O,Q)f(eTHoro orpa- HItI4eHItI ,QIl ,QBYX Y"i8CTH!iiK06 pacnpe,QeIl8HItI, 4TO roBOpltlT 0 ,0,0- CTItI}f(8HItlItI paBHOB8CIII Ka>K,o,oro 1113 HItIX. EClllt1 >Ke Kpl1Bble 6e3pa3IlV1'-1V1 Y"iaCTHItIKOB pacnp8AeIleHV1 6YAyr ItIMeTb ,QpyrylO cPOPMY (Hanp1tlM8P, BOnHItICTYIO), He n03BoIls:llOLl\YKJ npOBecn1 M8>KAY HItIMItI 06Ll\YIO K8- C8TeIlbHYIO, TO paBHOBeCItIH nplo1 napeTO-3cpcpeKTItIBHOM pacnpep,e- IleHl11t1 p,OCTltlfHYTO He 6YAer. np eUMYUfecme8 U HeoocmamKU pb1HO'-/H020 MexaHU3Ma - Tpy]J; AJIH npOH3BO,l];CTBa mOKOJla,!];a )taDJO'''-" MJI npOJf3BO)J;CTBa x.ne6a KanHTaJI ,IJ;JlJI npOH3BO)J;CTBa mOKOJla,!];a Tpy]J; ,fJ;Jl1I npOH3BO)J;CTBa XJie6a Puc. 15.7. «RLqUK 3o)l{sopma» onR paccMompeHuR :u/JcpeKmusHocmu npou3soocmsa OAHoro TOBapa He MO>KeT 5blTb YBeIl"4eH 5e3 XOT" 5bl M"H"MaIlbHoro CO- Kpall1eH"" npa"3BOACTBa APyroro TOBapa. B T04Ke A, Hanp"Mep, BblnYCK He 3cpcpeKmBeH, T8K KaK Bap"aHTbl BblnYCKa B 3aWTp"XOBaHHO" 05IlaCT" AafOT 11Y4W"e pe3YIlbTSTbi. T04K" B, C " 0 - np"Mep 3cpcpeKT"BHOrO pacnpeAe- .neHa.1f1 3aTpaT, 8 3H8YHT, L-1 npoH3BoACTB8. B 3T!.1X TOYK8X J..130KB8HTbl np0L-13- BOAa.1TeIl8V1 xIl86a It1 WOKOJl8Aa \IIM8IOT OA\IIH8KOBbJVI HaKJ10H \II, CJleAOB8T8Ilb- HO, OAV1H8KOBYIO np8AeIlbHYlO HOPMY TeXHOIlor!.14ecKoro 3aMeLl.\eHHH K8nHTa- Ila TPYAOM (CM. rn. 10, S 4). B paBHaBecHblx T04Kax npO"3BOA"TeIl" AaH- HblX npoAYKTOB MHH"M"3"PYfOT CBO" "3Aep>KK", KOM6"H"PY" TPYA " Kan"- TaIl TaK"M 05pa30M, 4TO COOTHOWeH"e npeAeIlbHblX npOAYKTOB 3T"X cpaK- TapOB paBHO COOTHOWeH"fO "X '1eH (CM. rn. 10, S 4, 5): MPLIMP K = PLIP K (4) 3Ha4"T, cpaKTOpbl npO"3BOACTBS MorYT 3cpcpeKT"BHO "CnOIlb30BaTbCR np" YCIlOB"" paBeHcTBa: MRTS KL = PLIP K (5) Kp"Ba", Ha KOTOpO" paCnOIlO>KeHbl Bce T04K" 3cpcpeKT"BHoro pacnpeAe- neH"" " "CnOIlb30BaH"" cpaKTOpoB npO"3BOACTBa (P"c. 15.7), Ha3b1BaeTC" PMBOH npoH3BoAcTBeHHbix KOHTpaKToB. OH8 nOK83blB8eT Bce KOM6!.1Ha- 4" MaKC"MaIlbHoro (3cpcpeKT"BHoro) BblnycKa xIle5a " WOKOIlaAa np" "Me- fG'lL\eMcH KOIlHyeCTBe TPYA8 L-1 KanL-1T8Ila. 3Ta Kpa.1B8H H 8CTb L-13BeCTH8H H8M rpaHHL\8 np0a.13BOACTB8HHbJX B03MO>KHOCTeL4. OAHaKO AIl" 3cpcpeKT"BHOrO BblnycKa He06xOA"MO, 4T05bl TOBapbl npo- 3BOAHIlL1Cb B T8K\.1X K0J1V1Y8CTB8X, KOTopble COOTB8TCTBYlOT >K8Il8HHIO nOTpe- 6"TeIle" 3anIlaT"Tb 3a H"X. n03TOMY He05xOA"MbIM YCIlOB"eM 3cpcpeKT"B- 331  
Inasa 15 HOro BblnYCK8 s:lBIls:l8TCs:I p8BeHCTBO np8A8IlbHOVl HOpMbl 3aMeLl.\8HJ.1H - npe- A8IlbHm1 HOp Me T8XHOIlOrL-1yeCKoro 38Mew,8HV1s:1 cPaKTOpOB np0V13BOAcTsa: MRS = MRTS (6) 3TO L-1 8CTb COCTOs:lHH8 Onn1ManbHocn1 B 3KOHOML-1K8. BblnOIlH8HL-18 AaH HOro paBeHCTBa on" Bcex nompe6umeneO u npou3Booumeneii, T e. I,MRS = I,MRTS (7) Ha3blB88TCH nepBblM HaHl1Y"'lwHM pacnpe,qel1eHHeM, L-1A8anbHO OnTL-1ML-1 3"PYfOll1"M 6IlarococTO"H"e Bcero 051l1eCTBa. OAHaKo OHO TPYAHOAOCT">K"- MO: cOBpeMeHHbl" pblHOK HaXOA"TC" B YCIlOB"RX HecoBepweHHo" KOHKypeH- l!HL-1 J.1 np8TepneaaeT MHO>KeCTBO L-1CKa>K8HIt1V1. MOHOnOIl"3M, aC"MMeTp"4HOCTb "HCPOpMa'1"", Hepa'1"OHaIlbHocTb Ha- Iloro06IlO>KeH"" " APyr"e np06IleMbi HecoBepweHHo" KOHKypeH'1"" Mewa- fOT OnT"MaIlbHoMY pacnpeAeIleH"fO pecypcoB. n03TOMY 3KOHOM"CTbl pac- CMaTpHBafOT npHH'1Hn «BToporo HaHIlY4werO» (second-best principle), T. e. npeAnsrafOTc" Bap"aHTbl TaKoro pacnpeAeIleH"", KOTOpoe 5blIlO 6bl HaV1IlY4WL-1M CpeAL-1 HeOnTL-1M8IlbHbIX. TaKoro pOA8 p8cnpeA8Il8HL-18 H83b1S8- eTCH KBa3HonTHMYMOM, HIlL-1 «BTOPbIM HaHl1Y"lWHM pacnpeAel1eHHeM». P8CCMOTplilM Ha npL-1M8pe BblnYCK8 ABYX TOB8pOB, xIle6a \.1 WOKOIl8A8, B03 MO>KHOCTb AOCH1>KeHHH KBa3L-10nTL-1MYM8 nocp8ACTBOM H8Iloro06IlO>KeHL-1s:1. AonycmM, xIle5 npO"3BOA"TC" B 4"CTO KOHKypeHTHblX ycnOB""X, a WOKO- Il8A - B MOHononbHblX. WeHbl H8 WOKOIl8A 38Bb1W8Hbl, no cpaBHeHV110 C KOH- KypeHTHbIML-1, 38 Cl.J8T ero HeAOnp0L-13BOAcTBa. B YCIlOBHHX 06ero paBHo- B8CL-1s:! pecypcbl wOKOIlaAHOVl OTpaCIl 101 , He H8w8AwHe npL-1M8H8HIo1H, norno- l11afOTC" KOHKypeHTHblM pblHKOM xIle5Hbix "3AeIl"". B pe3YIlbTSTe ,oHKypeH- TH08 p8BHOB8CH8 H8 3TOM pblHK8 HacTynaeT, KorAa xIle6 npoH3BOAlilTCH B 60IlbweM 06beM8 It1 npL-1 60Ilee HL-13K0L4 l!8H8, no cp8BHeHL-11O C T8MV1, KOTO pble MOfnV1 6bl YCTaHOBIt1TbCH, 8CIllt1 6bl WOKOIl8A T81OK8 np0L-13BOA!.1IlCs:! B yc- IlOB"RX COBepweHHO" KOHKypeH'1"". KaK MO>KHO BOCnpen"TCTBOBaTb nepeIl"BY pecypcoB, HapywafOl11eMY 3CP- cpeKT"BHbl" 06beM npO"3BOACTBS TOBapOB? AonYCT"M, roCYASPCTBO BBOA"T H8Ilor H8 xIle6, H8PYW8s:1 KOHKypeHTHoe paBHOBeCJ.18 Ha pblHK8 xIle6HbiX J.13A8nL-1Ci. 3TO Bbl30B8T COKpaLl.\eHl.1e np0l.13BOACTB8 XIl868 L-1 nOBblWeHL-1e ero U,8Hbl AIls:! nOTpe6I11T8Il8L4. CTpeMIl8HL-18 pblHKa K BOCCTaHOBIleHHIO 06w,8ro paBHOBeC"" C Y4eTOM HaIl ora 6YAeT CT"Myn"pOBaTb nepeIl"B 4aCT" pecyp- COB npm13BoAcTBa xIle6a B WOKOIl8AHYlO OTpaCIlb. H8CMOTpH Ha MOHono- IlIll3M, np0V13BoACTBO wOK0J1aA8 CMO>K8T p8CWl.1p!.1TbCH J.1 HeCKOIlbKO CHI.13It1T- CH ero l\eH8. B P83YIlbTaTe H8 060HX pblHK8X YCTaHOBL-1TCH HOBoe paBHOBec- Hoe pacnpeAeIleHI.18, KB83L-10nTIIIMYM, KOMneHcHPYIO!.1L4 MOHonOIlbHoe H8- Aonp0V13BoACTBO WOKOIl8A8 J.1CKa>K8HL-18M KOHKypeHTHoro paBHOBeCIt1s:1 Ha pblHKe xIle5a. OAHaKO TaKoe paBHOBeC"e 6YAeT IlY4we, 4eM APyr"e MeHee 3cfJcfJeKTL-1BHble Bapl.18HTbi. rIl8BH8Sl L-1A8H T80pJ.1H KB83L-10nn1MYMa COCTOL-1T B 332 npeUMyecmBa U HeaOcmamKu pblH04H080 MeX8HU3MB TOM, 4TO 38 CYeT OTKa3a OT KOHKypeHTHoro paBHOB8CL-1H H8 OAHOM pb1HK8, YCTpaH"fOTC" "CKa>KeH"" B pacnpeAeIleH"" " npO"3BOACTBe Ha APyr"X PbIH- Kax, T. e. 6aIlaHC"pyeTC" pblH04Ha" C"CTeMa B '1eIlOM.  3. np0611eMbl <j>lIIaCKO (npOBa110B) pblHKa Mbl Y>Ke rOBOp"Il" 0 TOM, 4TO pblH04Hbl" MeXaH"3M He Bce- rAa cnOC05eH aBTOMaT"4eCK" np""T" K OnTMaIlbHocm. CYl11eCTBYfOT npo- 5IleMbl, HS peWeH"e KOTOpblX pblH04Hbl" MeXaH"3M He PSCC4"TSH, S noTO- MY He B COCTO"H"" peW"Tb "X 3cpcpeKT"BHO. TaK"e CIlY4a", KorAa pblHOK He3CPCPSKT"BHO pa3Mell1aST pecypCbl, Ha3b1BafOTC" npoBSIlSMH, HIlH !j!HSC- KO pbIHKS. B CBR3" C 3T"M Mbl paCCMOTp"M TeOp"fO BHeWH"X 3cpcpeKTOB, np05IleMY npO"3BOACTBa 051l1eCTBeHHbiX 5Ilar, a TafOKe np05IleMY aC"MMeT- p"4HOCm "HcpopMa'1"" " '1"KIl"4HOCT" pa3B"T"" pbIHKOB. Ps50Ta pblH04HOro MeXaH"3Ma MO>KeT nopO>KAaTb BHeWH"e 3cpcpeKTbl, Il 3KCTepHaIl"". nOA BHewHHM 3!j!!j!eKTOM nOApa3YMeBaeTC" B03Ae,,- CTB"e CAeIlK" Ha TpeTb" Il"'1a ' , He Y4TSHHoe B AOroBOpS. 3TO B03Ae"CTB"e npO"BIl"STC" B B"Ae "3Aep>KeK "Il" BbIlOA, He OTpa>KeHHbIX B pbIH04HO" '1SHe. 3KCTepHaIl"", "Il" BHeWH"e 3cpcpSKTbl, AeIlRTC" Ha nonQ)/<umenbHble, T. e. np"HOC"ll1"e AonOIlHHTeIlbHble BbllOAbl TpeTb"M Il"'1aM, Il"60 ompu- L<amenbHbIS, np"HOC"ll1"e TpeTbe" CTopOHe AOnOIlH"TeIlbHble "3Aep>KK". Hanp"Mep, npO"3BOACTBO, HaHOC"ll1ee Yll1ep5 OKpY>KafOll1e" cpeAe " APY- rHM npO"3BOA"TeIl"M, nOpO>KAaeT OTp"'1aTeIlbHble 3KCTepHaIl"". YCIlyr" B 05IlaCT" 3ApaBOOXpaHeH"", 06pa30BaH"", OpOWeH"e, 03eIleHeH"e " AP. no- pO>KAafOT nOIlO>K"TeIlbHble BHeWH"e 3cpcpeKTbi. Hanp"Mep, eCIl" Bbl Ha CBO- eM 6aIlKOH8 BblpaLl.\L-1BaeT8 KpaC\.1Bble l!B8Tbl, TO nOpO>K,q88T8 AIlH BC8X, KTO nf05yeTc" "M" COBepweHHO 6ecnIlaTHO, nOIlO>K"TeIlbHbl" BHeWH"" 3cpcpeKT. 3KCTepHaIl"" HapywafOT 3cpcpeKT"BHOCTb pa50Tbi pblH04HOro MeXaH"3- tda. OTp"'1aTeIlbHble 3KCTepHSIl"" Ha KOHKypeHTHoM pblHKe nOpO>KAafOT nepenpO"3BOACTBO no cpSBHeH"fO C 051l1eCTBeHHO 3cpcpeKT"BHbIM 06be- MOM npOAYK'1"". np" nOIlO>K"TeIlbHbIX 3KCTepHaIl""X, Ha050pOT, B03H"- KafOT CIlY4a" HeAOnpO"3BOACTBa TOBapOB " ycnyr. n04eMY 3TO npo"CXO- AT? PaCCMOTp"M AaHHbie OTKIlOHeH"" HS p"c.15.8. YCIlOB"eM AOCT">Ke- HR 061l1eCTBeHHO 3cpcpeKT"BHOrO 06beMa BblnYCKa "BIl"eTC" paBeHCTBO npeA8IlbHOVl 06Ll.\8CTS8HHOVl nOIle3HOCTL-1 (MSU) npeAeIlbHblM 051l1eCTBeHHbiM "3Aep- >KaM (MSC): MSU = MSC (8) B CIlY4ae OTp"'1aTeIlbHbIX 3KCTepHa- 1 nog TpeTbl-1MI-1 JH.11.\aMIII nOHI-1- MaIOTCS1 3KOHOMI-14eCKIt1e cy6beK- Tbl, He Y4aCTBYIGLl\l-1e B AaHHo 06- MeHHO cgeJlKe. 333 
P P Inasa 15 P E P, MC P, P E o Q. Q, Q 6) n0I10}l(MTenbHb1M BHeWHHM 3cp$eKT a) oTplll,",aTenbHblM BHeWHHK 3<1><I>eKT o Q, Q. Q PUC. 15.8. BHeWHue 3rPcPeKmbl (3KcmepHanuu) Il"" (P"C. 15.8a) np8AeIlbHbie "3Aep>KK" oTAeIlbHoro npO"3BOA"TeIl" MC M8HbW8 npeAeIlbHblx 061l1eCTBeHHbix "3Aep>KeK MSC. Hanp"Mep, npO"3- BOAlneIlb, OTK83aBWViCb L-1CnOIlb30B8Tb AoporocTOs:lLl.\Vle 3KOIlOr\llyeCKL-1 YVlC- Tble T8XHOnOrL-1L-1, n8p8HOC\IIT 1 TeM caMblM He TpeTblt1X IlIt1L1, yaCTb CBOVIX "3A8P>K8K, nOpO>KAa" np8AeIlbHbie BHeWH"e "3Aep>KK" (MEC). BCIleA- CTBHe 3Toro 05beM BblnycKa Q, npeBblwaeT 051l1eCTB8HHO 3cpcpeKT"BHbl" 06b8M QE' a l..\8H8 P, OKa3b1BaeTCH 38HVI>KeHHOVl no Cp8BH8HHIO C P E' B cIlY4ae nOIlO>K"T8IlbHbIX 3KcTepHaIl"" (P"c. 15.85) npeAeIlbHa" no- Ile3HOCTb TOBapa "IlH YCIlyr" MU H">K8 npeAeIlbHo" 051l1eCTBeHHo" none3- Hocm MSU Hanp"M8p, np" 03eIleHeH"" YIl"'1 060rall1eHHbl" B03AYx 5ec- nIlaTHO npV1HOCItIT nOIlb3Y BC8M IlIOAHM, a He TOIlbKO T8M, KTO nOC8AIt1Il AS- peBb", nOpO>KAa" TeM caMblM npeAeIlbHYfO BHeWHfOfO nOIl83HOCTb (MEU). n03TOMY u,eHa P E Bblwe, 48M u,eHa P1 101 03eIl8HL-1TeIlH noc8AHT AepeBbH B KOIl"4eCTBe Q, BMeCTO 051l1eCTBeHHo 3cpcpeKmBHoro KOIl"4eCTBa QF KaK yperYIl"pOBaTb np06IleMY He3cpcpeKT"BHOCT", c03AaBaeMYfO BH8- WH"M" 3cpcpeKTaM"? 4TO KOMneHC"PY8T 061l1eCTBY Yll1ep5 OT OTp"'1aTeIlbHblx 3K- CTepHaIlHII1, 8 C03,q8T8J11O nOIlO>KL-1T8IlbHbIX 3cpcpeKTOB HeAonOIlY4eHHYfO BblrOAY? Pe- WeHL-18 3THX np06IleM, K8K npegnoIlaraIlOCb AO W"pOKOrO np"3HaH"" "Ae" P. KOY3a, 6e- peT Ha ce5" rocYAapcTBo, "CnOIlb3Y" CBO" Tpa,Q!.1l!V10HHbJ8 !.1HCTPYM8HTbl - HaIlon1 Vi cy5c"A"". ECIl" AIl" YCTpaHeH"" OTP"'1a- T8IlbHbiX 3KCTepHallL-1V1 roCy,q8pCTBO BB8AeT 334 1 nepeHOCVlT B TOM CMbICJ16, '..no y TpeTM1X IlVlLl no 8111HB np01-13. BO,qVlT8J1S1 B03HVlK81OT 1013.Qep>KKV1, CBSl38HHbl8 c 60n83HSlMVI, nOKyn- KO'" n6KapCTB, nOTepe 101m., yxyp,- WeH\I18M rpYAocnoc06HOCTlt1 VI T.n., KOTOpbl8 He Y4101TblS81OTCs:I B l\8H8 npOAYKl\1.1101 3K0J10rVl48CKItl spep,HO. ro npeAnplllSlnlSl. n peUMyecmsa U HeoocmamKU pblHOYH020 MeXBHU3MB CA8P>K"BSfOll1"" HaIlOr ("Il" 3aCTSB"T npO"3BOA"TeIl" nOKynaTb Il"'1eH3"fO Il"60 YCTaHOB"Tb 04"CmTeIlbHOe 050PYAOBaH"e) B pa3Mep8 npeAeIlbHblX BHeWH"X "3Aep>KeK, TO BHYTpeHH"e "3Aep>KK" npO"3BOA"TeIl" nOBbIC"T- CR " np"BeAYT 05beM BbrnYCKa B COOTBeTCTB"e C 061l18CTBeHHO OnT"- MaIlbHbIM. 3TOT np"eM Ha3b1BaeTC" UHmepHanU3aL<ueii (OT aHrn. int8rnal _ BHYTpeHH"") SHeWHUX 3CPCPeKmos, KOTOpbl" Ha rpacp"Ke (P"C. 15.8a) Bblpa3"TC" CMell1eH"eM KP"BO" MC AO ypOBH" MSC " 05beM BbrnYCKa CO- KpaT"TC" AO QE' .o.IlH TOro, YT06bl Io1HTepH8IlH3VipOB8Tb nOIlO>KL-1T8J1bHbIJII BH8WHHVI 3cp- cjJeKT, rOCYAapCTBO "CnOIlb3yeT cmMYIl"PYfOll1"e cy5C"A"" (S). OH" BblnIlS- 4"BSfOTCR B pa3Mepe npeAeIlbHO" BHeWH8" nOIle3HOCm " TpaHCcpOpM"PY- fOT e8 BO BHYTpeHHfOfO, YBeIl"4"B npeAeIlbHYfO nOIle3HOCTb MU npO"3BO- A"TeIl". Cy5c"A"PyeMbl" npO"3BOA"T8Ilb paCW"p"T BblnYCK npOAYK'1"" AO 051l1eCTBeHHO 3cpcpeKT"BHoro ypOBH". Ha rpacp"K8 (P"C. 15.85) npo- Llecc HHTepH8IlIt13au,lt1L-1 nOIlO)\{!4TeIlbHbIX 3KCTepH8IlV1V1 Bblp83L-1TCH CABltlroM KpBOfi npeAeIlbHo" "HA"B"AyaIlbHo" nOIle3Hocm TOBSpS MU HS B8Il"4"HY cy5C"A"", AO ypOBH" npeAeIlbHo" 051l1eCTBeHHo" nOIle3Hocm MSU B pe- 3YIlbTaTe 05beM BblnycKa Q, paCW"p"TC" AO QE' OAHaKo, 8CIlH npSBa c06CTBeHHOCT" Ha pecypCbl 5YAYT 48TKO onpeAe- IleHbl (cne'1"cp"'1"pOBaHbl) " c06IlfOAeHbl, BKIlf04a" B03MO>KHOCTb CB050A- HOro 05MeHa 3T"M" npaBaMH, TO pblHOK CMO>KeT yperYIl"pOBaTb np06IleMY SKCTepHaIl"" CaMOCTO"TeIlbHO, 6e3 Y4aCT"" roCYAapCTBa, nYTeM KynIl"-npO- Aa>KH 3T"X npaB. TaKYfO "AefO BbIAB"HYIl P. KOY3, KOTOpbl" "3Y4aIl CB"3b M8>KAY BHeWH"M" 3cpcpeKTaM", npaBaM" c06CTBeHHOCT" " 3cpcpe'T"BHOC- TbfO, 4TO np"BeIlO , C03AaH"fO Teop8Mbi (1960 r.), Ha3BaHHO" B 4eCTb Y4e- Horo. TeopeMa KOY3a rnac"r: BHeWHHe 3q,q,eKTbl MOryT 5blTb HHTepHa- IlH3HpOBSHbi npH 4eTKo" Cne'1Hq,HKa'1HH npaB co5cTBeHHocTH HS pe- CYPCbl H cBo50AHOM o5MeHe 3THMH npaBaMH. Teop8Ma BblnOIlH"eTC" m1Wb nplt1 TaKOM KOIlHyeCTB8 Y48CTHItIKOB 06M8Ha npaB8MH, npH KOTOpOM TpaHCaK'1"OHHble "3Aep>KK" npOBeAeH"" n8peroBopoB 0 nepeAa4e npaB C05CTBeHHOCT" He npeBblC"T BblrOA OT pe3YIlbTaTOB 06MeHa. npOll1e rOBO- PR, KOIlHyeCTBO Y48CTHV1KOB neperoBopoB He AOJ1>KHO 6blTb CIlL-1WKOM BeIlL-1- Ko. npeACTaBbTe c85e, 4TO Bbl XOT8Il" 6bl AOroBOP"TbC" 06 06MeH8 npaBa- MH Ha l.JViCTblll1 B03AYX co BCeMIi1 BIlaA8Ilbu,aMH aBTOM06!.1IleVl, npOe3>K81OLl.\VI- MH no Wocce B03Il8 Bawero AOM8. Tp8HCaKlJ,!.10HHble L-13ep>KKV1 no npoBeA8- HIllIO TaKIIIX neperoBopoB OKa>KYTcfI 3anp8nneIlbHo BbICOKL-1MH. H TeopeMa KOY38 nOMoraeT nOHflTb CMblcIlHHTepH8IlVl3al!HIII 3KcTepHafllt1li1. anp"Mep, ABa 3aBOAa "CnOIlb3YfOT OA"H " TOT >Ke pecypc, AonYCT"M, peKY Bo B3a"MO"CKIlf04aeMbIX '1eIl"X: OA"H - AIl" c6poca OTXOAOB APYro" - AIl" Pa3BeAeH"" pbl6bl. HesaiKHo, Kmo U3 HUX n8psbiM nOnY4U; npaso Ha uc- nOflb30eaHue peKu. B8)\{HO C8MO OCn1>KeHHe ,qoroBopa 0 KOMneHc8u,HH: TOT, 335  
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POIlb rOCYAapCTBa CBOA"TCR Il"Wb K YCTaHOBIleH"fO <<npaB"Il "rpbl>' np" 05MeHe npaBaM" c05CTBeHHOCT" Ha pecypCbl. 05paT"M BH"MaH"e Ha TO, 4TO OTMe4eHHoe paHee YCIlOB"e BblnOIlHe- H"" TeopeMbl KOY3a (orpaH"4eH"e KOIl"4eCTBa Y4aCTH"KOB BeIl"4"HO" TpaHCaK'1"OHHbIX "3Aep>KeK npOBeAeH"" neperOBopOB, KOTOpa" He AOIl>KHa npeBblwaTb BbllOA OT pe3YIlbTaTa 05MeHa npaBaMH) "BIlReTC" 051l1"M YCIlO- B"eM 3cpcpeKT"BHO" pa50Tbi pblH04HOro MeXaH"3Ma. OHO AaeT B03MO>K- HOCTb Bbl"B"Tb 05beM cnpoca " onpeAeIl"Tb pblH04HYfO '1eHY npOAYK'1"", 4TO BC8rA8 OCY8CTBIr1MO .QIlH Y8CTHbiX TOB8pOB, KOr,lJ,a npOA8Bel...! KOHT8Kn1- PyeT C Ka>KAbiM nOTpe5"TeIleM. OAHaKO CYll1eCTByeT TaKa" KSTerop"" TOBapOB " YCIlyr, Ha KOTOpble Bbl- "B"Tb cnpoc " onpeAeIl"Tb OnT"MaIlbHYfO '1eHY pblH04HbiM cnoc050M Il"50 H8B03MO)f(HO, IlH60 H8BbiroAHO L-13-38 4p83Bbll.J8C1HO BblCOKIIIX 1r13A8P>K8K Ta- Koro Bbl"BIleH"" (MC > MU). 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Hanp"Mep, Bce TOBapbl " YCIlyr", npO"3BeAeHHble B 1999 I., paCC4"TbIBafOTC" B '1eHaX 1992 r.  npoMblwIl8HHO p83BHTbiX CTpaH8X K8}I{,Qb18 10-15 IleT onpeAeJlHeTCH HOBblH 5a3"CHbl" roA. HenpaB"IlbHO 6blno 5bl COnOCTaBIl"Tb cp"3"4eCK"e 06beMbi BBn 1999 r. " npeAwecTBYfOl11"X eMY IleT, nOIlb3Y"Cb Ha npOT">KeH"" MHO- rx AeC"T"IleT"" '1eHaM" Ha TOBapbl " YCIlyr", Hanp"Mep, 1913 I., H35paH- Horo B Ka4eCTBe 5a3"CHoro. BeAb B Te AaIleK"e BpeMeHa npOCTO He cYll1e- CTBOB8IlO Tex 6Jlar V1 YCIlyr, KOTopble npL-1BblYHbl AIlH H8C C8V1yaC - T8IleBL-1- aopOB, KOMnbIOTepOB, YCIlyr IIIHTepHeT, MHO>K.eCTB8 M8AL-1K8M8HTOB VI T. n., 8..... cneAOB8TeIlbHO, It1 He CYLl.\eCTBOBano l\eH 3TL-1X TOB8pOB. VlTaK, peal1bHblH BBn - 3TO !f>aKTH4eCKH" 05'beM BblnYCKa npOAYKLlHH, paCC4HTaHHb'" B L1eHSX 5S3HCHoro rOAa. nOKa3aTeIlb BBn B 6a3"CHbIX '1eHaX MO>KeT 3a rOA 3MeH"TbC" MeHbwe "Il" 50Ilbwe, 4eM BBn B TeKYll1"X '1eHax. 111 npo"cxo- ,QHT 3TO "3-3a "3MeHeH"" 061l1ero ypOBH" '1eH B cTpsHe. 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HAeKC flacneHpeca npeACT8BIls:!eT c060Vl It1HAeKC, rA8 B K8yeCTBe Be- COB '1eH npeACTaBIleH He"3MeHHbl" Ha50p 6Ilar (He"3MeHHa" no CBoeMY CO- CTaBY «noTpe5"TeIlbCKa" KOp3"Ha») I _ L pi qo; (4) L - .,' L POl qol rAe qoi - KOIlV1L18CTBO TOBapoB L-1 YCIlyr; np0\.13B8.QeHHbIX B 683L-1CHOM mAY, 8 POl - l!8Hbl TOB8pOB 14 YCIlyr B 6831r1CHOM rDAY, P1 i - Ll8Hbi TOB8pOB B T8- KYll1eM roAY. CYMM"pOBaH"e npO"3BOA"TC" no BceM TOBapaM " YCIlyrsM, BXOA"ll1"M B Ha50p. IiIHAeKc nsswe - "HAe,C '1eH, rAe B Ka4eCTBe BeCOB '1eH 6ePYTc" '0- Il"4eCTBa TOBapoB " YCIlyr, npO"3BeAeHHble B TeKYll1eM roAY: I _ LPiqi (5) p - 'iPoiq/ rAe q i - KOIl"4eCTBO TOBapoB " YCIlyr B TeKYll1eM roAY AecpIl"TOp BBn, paCCMOTpeHHbl" HaM" paHee, " npeACTaBIl"eT c050" "HAeKC naawe. YK838HHbl8 HHA8KCbl WVlpOKO It1CnOIlb3YIOTCfI AIlH L-13Mep8HIr1H ypOBHfI >KH3HH. npJ.1 3TOM V1H,Q8KC n8cneVlpeC8 p8CC4V1TbIB8eTCH, K8K Mbl OTM8TL-1IlH, AIls:! H81r13M8HHOro H860pa TOBapoB, !.1, cIleAoBaTenbHo, B HeM He YLlI.1TbIBa- eTC" 3aMell1eH"e AOpor"x npoAYKTOB AeWeBbIM". HanpomB, B "HAeKce n88we OTpa)/{aeTCH B03MO>KHOCTb B3alt1MHoro 38M8Ll.\eHHH TOBapoB. Wlt1po. K08 npL-1MeH8HHe B nocIleAH8e BpeMH HaXOAL-1T T810Ke Io1HAaKc <t>lo1wepa, KO- 350 OCHOSHble MaKp03KOHOMUyeCKUe nOKa3amenu U cucmeMa H8LjUOHanbHbiX C4emOB TOpblL4 npeACTaBIls:leT c060Vl cpeAHereOM8TpL-1Y8CK08 3H8yeHIr18 L-13 HH,Q8KCOB J1acne"peca " naawe. IF = 1Q;, (6) CIleAyeT OTMemTb pa3Il"4"" Me>KAY AecpIl"TOpOM BBn " II1nw, paCC4"- TblBaeMblM KaK "HAeKC nscne"peca. Bo-nepBblx, AecpIl"TOp BBn Y4"TbIBa- eT '1eHbl Bcex TOBapoB " YCIlyr, npO"3BeAeHHblx B cTpsHe, TOrAa KaK II1nw OTp8)/{8eT TOIlbKO Ll8Hbi TOB8pOB, npv106peTaeMbix AOMaWHItIML-1 x03s:1l71cTB8- M" «<noTpe5"TeIlbCKo" KOP3"Hbl»). BO-BTOpbIX, AecpIl"TOp BBn He Y4HTbiBaeT '1eHbl "MnOpTHbIX TOBapOB, 4TO HaXOA"T OTpa>KeH"e B II1nw. B-TpeTb"X, AecpIl"TOp BBn AonYCKaeT "3MeHeHH" B Ha50pe TOBapOB " YCIlyr B COOTBeTCTB"" C "3MeHeH"eM COCTaBa BBn. II1nw paCC4"TbIBaeTC", KaK Mbl nOAY8pKVlB8flL-1, AIlH Heltl3MeHHoro Ha60p8 TOB8pOB, BXOAs:lLl.\L-1X B <<noTpe5"TeIlbCKYfO KOP3"HY». C"CTeMa Ha'1"OHaIlbHbIX C4eTOB (CHC), BBeAeHHS" C 1993 r. B Ae,,- CTB"e Me>KAYHapoAHo" CTamCT"4eCKO" cIlY>K60" OOH (noAP06Hee a He" B cIleAYfOll1eM napsrpacpe), "CnOIlb3yeT "HAeKC nscnei1peca " "HAeKC naa- we. np" 3TOM np" "3Y4eH"" A"HaM"K" '1eH npeAn04TeH"e OTAaeTC" "HAeK- cy T1acnei1pec8, 8 AIlH nepeOLleHK\.1 nOK83aTeIl8V1 B nOCTOs:lHHblX LleH8X - L-1H- AeKCY naawe. 4TO KacaeTC" "HAeKCa ","wepa, TO "MeHHO eMY CHC 1993 rOA8 OTBOAIt1T np1r10pHT8T, nocKoIlbKY, HBIlHHCb cp8AHe reOM8Tplr1L1eCKOCi S8- IlillYHHOI71 1013 It1HAeKCOB n8Cn8L4peCa L-1 n8awe, 3TOT nOK838TeIlb H8 3aBJ.1CHT OT Bbl50pa 5a3bl cpaBHeH"" ", cIleAoBSTeIlbHO, cB050AeH aT HeAOCTaTKOB, np"cYll1"X APyr"M "HAeKCaM '1eH. 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C4eT8 AOXOAOB 14 paCXOAOB !.1 C48T8 cp!.1HaHClr1pOB8H!.1H K8nlr1T8IlbHbiX 3aTpar CHC xspaKTep"3yeT BOCnpO"3BOA"Mble " HeBOCnpO"3BOA"MbI8 (3eMIl", 118CHble pecypcbl, nOIle3Hbie IttCKOnaeMbl8 L-1 T. A.) MaTepIt18IlbHO-B8L1...\eCTBeH- Hble P8CypCbl, a T810Ke cpL-1H8HCOBble aKT!.1Bbl 14 n8ccHBbl, YBH3aHHbie C ABIt1- )\{8HL-1eM cplllH8HCOBbiX nOTOKOB. 352 OCHOBHble MaKp03KoHOMU4ecKue nOK83amenu u cucmeMa H8L{UOH8nbHbiX CyemOB I C 1993 r. Ae"cTByeT TpeTb" MOA"cp"Ka'1"" Me>KAYHapoAHo" CTaHASPT- HOI71 CIr1CTeMbl H8l...!VlOHaJ1bHbIX CY8TOB, nOCTp08HH8f1 H8 nOCIl8AHHX K TOMY BpeM8HV1 AOCTV1>K8HHHX T80pHH VI np8KTV1KIr1 Hal.\HOH8IlbHOro CY8TQBOACTB8 B oTAeIlbHblx cTpaHax. np" pa3pa50TKe 3TO" C"CT8Mbl 6b1Il" onpeAeIleHbl rpaH"'1bl «3KOHOM"- yeCKoro npO"3BOAcTBa» (T. 8. ccpepbl npO"3BOACTBa BBn, KOTOpbl8 OXBaTbl- BafOT npO"3BOACTBO npaKT"4eCK" Bcex TOBapOB " YCIlyr, 3a "CKIlf04eH"eM YCIlyr B AOMaWHeM X03""CTBe (np"roToBIleH"e n"ll1", y50pKa >K"Il"ll1a, BOC- n"TaHHe AeTe" " T. A.). B npO"3BOACTBO BKIlf04eHa Ae"TeIlbHocTb no 3all1"- Te OKPY>KafOll1e" cpeAbl. CnOJlb30B8HH8 CVlCT8Mbi H8l...!1r10H8IlbHbIX C48TOB H806xOAHMO AIls:! npo- B8AeH"" 3cpcpeKmBHo" MaKp03KOHOM"48CKO" nOIl"T"K" rocYAapcTBa, 3KO- HOM"4eCKoro npOrH03"pOBaH"", S TSfOKe AIl" M8>KAYHapoAHbIX conOCTaBIle- H"" Ha'1"OHaIlbHoro AoxoAa. B '1eIlOM peKoMeHAoBaHHble CTaT"CT"4eCKO" cIlY>K60" OOH B KS4eCTBe M8>KAYHapoAHoro cTaHAapTa Ha'1"OHaIlbHoro c4eToBoAcTBa CHC npeACTaB- Il"eT c060" ABa ypOBH": ceOOHble C4ema (OTpa>KafOT AB">K8H"e BBn, HS'1"- OHaIlbHoro AoxoAa (HA), cp"HaHC"pOBaH"" Kan"TaIlOBIlO>KeH"", onepa'1"" C APyr"M" CTpaHaM") " 08manU3upoeaHHbie C4ema (nOKa3blBafOT Me>KOT- paCIleBble CB"3", AB">KeH"e AOXOAOB, "X pacnpeAeIleH"8 H KOHe4H08 no- Tpe5IleH"e). PaCCMOTpltlM Ba>KHeL4Wlr1e nOK838T8IlJ..1 CItICT8Mbi Hal.\HOH8IlbHbIX CyeTOB, xapaKTep"3YfOll1"e AB">K8H"8 BBn Ha pa3Il"4Hb1X ero CTaA""x. 4HCTb'H BHYTpeHHH" npOAYKT (4Bn) npeACTaBIl"eT c050" BBn 3S Bbl4eTOM aMOpT"3a'1"OHHbIX OT4"CIleHH". C nOMoll1bfO nOKa3aTeIl" 4Bn MO>KHO "3Mep"Tb rOAoBo" 05beM npO"3BOACTBa, KOTOpbl" 3KOHOM"Ka (npeA- np""T"", rOCYAapcTBo, AOMOX03""CTBa) B COCTO"H"" nOTpe5"Tb, H8 coKpa- ll1a" npO"3BOACTBeHHble B03MO>KHOCT" 5YAYll1"X nep"OAoB: 4Bn = BBn - aMOpT"3a'1"". TaK"M 05pa30M, B 4Bn BKIlf04afOTC" TOIlbKO 4"CTb18 "HB8C- THU,HH. 4TO KaC88TCH 8MOpT!.138l...!V1H, TO OH8 HBIlH8TCH '-I8CTblO BaIlOBblX I-1H- BeCTH'1"" " BXOA"T B BBn. AMOPT"3a'1"" OTpa>KaeT B03Me1l18H"e 3anaca KSn"TaIla, KOTOpbl" "cnOIlb30BaIlC" B T8KYll1eM rOAY. HS'1HOHSIlbHb'H AOXOA (HA). AIl" onp8A8Il8H"" nOKa3aTeIl" 051l1ero 05beMa 3apa50THo" nIlaTbl, npO'1eHTa, np"5bIIl" " peHTbl, T. 8. nIlaTe>Ke", nOIlY4eHHbiX np" npO"3BOACTBe BBn B AaHHOM roAY, H805xOA"MO Bbl4eCTb H3 4Bn KOCBeHHble HaIl or" Ha np8Anp"H"MaT8Il8". CMblCIl 3TOro nOAC4eTa B TOM, 4TO roCYAapCTBO, B3"MS" KOCBeHHble HaIl or" C npeAnp""m", H"4ero He BKIlaAblBaeT B npO"3BOACTBO " n03TOMY ero HeIlb3R paCCMaTp"BaTb KSK nOCTaBll1HKS 3KOHOM"4eCK"X pecypCOB. TSK"M 05pa30M, Mbl nOIlY4aeM no- Ka3aTeIlb Ha'1"OHaIlbHoro AOXOAa (HA). C T04K" 3peH"R c05CTBeHH"KOB pe- CYPCOB, Ha'1"OHaIlbHbl" AOXOA "BIl"8TC" "3Mep"TeIleM "X AOXOAOB OT Y4a- CT"" B npO"3BOACTBe 3a TeKYll1"" n8p"OA. 353 23 Kypc aKOHOMw;ecKO TeOp1'l11 
Inasa 16 OCHOSHble MaKp03KOHOMUyeCKUe nOKa3amenu u cucmeMa HBLjuoHanbHblx cyemoo PacnOIlarseMblH AOXOA (PA), HIlH IlH4Hbl" paCnOIlarSeMblH AOXOA npe,QCT8Bns:!8T c060 nOIlY48HHblVl ,QOM8WH\.1ML-1 X03HII1CTB8M!.1 AOXOA, OTIl- 4afOll1""C" aT HA, KOTOpbl" RBIl"eTC" 3apa6omaHHbiM OOXOOOM. 3AeCb CIle- AyeT OTM8THTb, 4TO 48CTb 3ap860T8HHOro AOXOA8 - B3HOCbl Ha COLl,\.18f1bH08 CTpaXOBaH"e, HaIl or" Ha np"6blIlb npeAnp""m" - He nocTynaeT B pacno- p">KeH"e HaCeIleH"". B TO >Ke BpeM" TpaHccpepTHble nIlaTe>K", OCYll1eCTB- IleHHbie roCYAapCTBOM, He RBIl"fOTC" pe3YIlbTaTOM X03""CTBeHHOH AeRTeIlb- HOCT" pa50TH"Ka, HO npeACTaBIl"fOT 4aCTb "X AOXOAa. TaK"M 05pa30M, pac- nOIlaraeMbl" AOXOA KaK cpaKT"4eCK" nOIlY4eHHbl" AOXOA MO>KHO BbI4"CIl"Tb nYT8M BbI4HT8HHs:! 1113 HaLl,VlOH8IlbHOro AOXO,Qa B3HOCOB H8 COl..\lr1aIlbHOe CTpa- XOBaH"e, HaIlorOB Ha np"5blIlb npeAnp""T"", HepacnpeAeIleHHblX np"5bl- IleVl, HHAHBIII,QY8IlbHbIX H8IlOroB (nOAoxoAHOro, HaIloroB H8 IlIllYHOe L-1MYLl.\8- CTBO, Ha HaCIleACTBO) "A05aBIleH"" CYMMbl Bcex TpaHccpepTHblX nIlaTe>Ke". PacnOIlaraeMbl" AOXOA HaXOA"TC" B Il"4HOM pSCnOpR>KeHH" 4IleHOB 051l1e- CTB8 H !.1CnOIlb3Y8TCH Ha nOTpe6IleHL-18 L-1 C68pe>KeHHH AOM8WHV1X X03HL4CTB. IIIT8K, B3aHMOCBH3b MaKp03KOHOMHLl8CKIIIX nOK838T8Il8111 MO>KeT 6blTb npeACTaBIleHa CIleAYfOll1e" cxeMO": BaIlOBO" BHyrpeHH"" npOAYKT (BBn) - aMopTH3SLlH" = 4"CTbl" BHYTpeHH"" npOAYKT (4Bn) - KOCBeHHble HSIlorH = Ha'1"OHaIlbHbl" AOXOA (H,Q) - HSIlorH HS npH5blIlb npeAnpHRTHH - B3HOCbl Ha C04Hal1bHOe CTpaXOBaHHe - HHAHBH,qyal1bHble nOAOXOAHble HSIlorH - HepacnpeAeIleHHaR npll5blIlb KopnopSLlHH + TpaHc(j>epTHble nIlSTe>KH = pacnOIlaraeMbl" AOXOA (PA).  5. BBn 101 ((4101CTOe 3KOHOMIoI4eCKoe 6I1arOCOCTOJIHIoIe» (435) T"Tb CBO" ABOpbl OT rp"3", HSKOn"BWe"C" 3a 3"MY): nOMOll1b COCeA"M: 5Ila- rOTBOPHT8IlbH8f1 A8HT8IlbHOCTb L-1 T. n. BO-BTOpbIX, Ae"TeIlbHOCTb B ccpepe TeHeBO" 3KOHOM"K", T. e. AeIlOBa" 8KTHBHOCTb, ocyecTBIls:!eM8H B 06xo,Q YCT8HOBIl8HHOro 38KOHOA8TeIlbCTB8. 3Aecb cIleAyeT pa3Il"4aTb ABa T"na cAeIlOK (TpaHcaK'1""): CAeIlK", KOTopble He RBIlRfOTC" HeIleraIlbHblMH C T04K" 3peH"" 3aKOHa (Hanp"Mep, peneT"TOp- CTBO), HO, OCYll1eCTBIlR" "X, IlfOA" HapywafOT Hanoeoeoe 3aKOHooamenb- cmeo, TaK KaK He AeKIlap"pYfOT CBO" AOXOAbl. Apyro" T"n TpaHCaK'1"" - He3aKOHHa" Ae"TeIlbHOCTb (npOCT"TY'1"", npO"3BOACTBO " npOAa>Ka HapKO- T"KOB, TOproBIl" opY>K"eM " T. n.). MO>KHO Il" "3Mep"Tb Ae"TeIlbHOCTb B ccpepe TeHeBO" 3KOHOM"K"? B npHHLI,l1n8, 8CIlH 6bl TeHeB8H 3KOHOML-1Ka OTp8>K8Jl8Cb 6bl B CVlCTeM8 H8L1,V10- H8flbHbiX C4eTOB, TO OH8 nep8CT8na 6bJ 6blTb TeHeBOL4. Cf18AY8T 38MeT!.1Tb, 4TO COBpeMeHHa" BepC"" CHC OOH (1993 r.), a KOTOpO" WIla pe4b B npe- AblAYll1eM naparpacpe, peKoMeHAyeT Y4"TbIBaTb aKT"BHOCTb B TeHeBOM ceK- Tope 3KOHOM"K". np05IleMa COCTO"T B TOM, KaK"MH MeTOAaM" "3Mep"Tb P83Yl1bT8Tbi A8IlOB0L4 8KTV1BHOCT!.1 3KOHOMIt14eCKV1X 8r8HTOB, KOTopble C03H8- T8flbHO CKpblB810T ee. nOCKOIlbKY npeACT8BVlTeIlVI TeHeBO 3KOHOMItIK!.1 H8 nOAafOT HaIloroBblX AeKIlapa'1"'" nocTOIlbKY pe4b MO>KeT "AT" Il"Wb a KOC- B8HHbiX OLl,eHK8X AeHT8IlbHOCTL-1 TeHeBoro C8KTOpa. AIls:! 3Toro 3KOHOMVlCT8- M pa3pa50TaH P"A nOKa3aTeIle", n03BOIl"fOll1"X Y4eCTb MaCWTa6bl HeIle- raIlbHOVl 3KOHOMVlKL-1. B 3aBIllCIllMOCTV1 OT Bbl6p8HHOro MeTOAa 0U,8HKH, pe- 3YIlbTaTbi MOryr OKa3aTbC" HeOA"HaKOBbIM". BOT n04eMY '1"CPPbl, xapaKTe- PVl3YIOLl..\He MacwT86 TeHeBOL4 3KOHOMiIIK!.1 B OAHOVI 101 TO >Ke cTpaHe, MOryT OK838TbCH p83Il!.14HbIMItl. H81r16oIl88 L-13BeCTHbIML-1 MeTOAaMV1 ou,eHKIt1 T8H8B0L4 3KOHOMVlKV1 HBIlHIOTCs:! cJleAYIOl1e: . AHanU3 cnpoca Ha HanU4Hocmb (nOAXOA OCHOBaH Ha TOM, 4TO TeHe- BaH 3KOHOMVlK8 nOrnOLl.\8eT nOA8BJ1HIOLl.\YIO yaCTb H8IlItILlHbiX ,Q8H8r - BeAb He.ner8IlbHble CA8IlKIt1 COB8pW81OTCH 38 HaJ1H4HbI8 - 3a Bbl4eTOM A8Her H8 PYKax Y HaCeIleH""). . Memoo Y4ema pacxooa 3neKmpU4ecmea (nOCKOIlbKY 3IleKTp03Hepr"fO HeIlb3R 3anacaTb BnpOK, nOCTOIlbKY npeBblWeH"e TeMnOB paCTa nOTpe5Ile- HR 3IleKTp03Hepr"" B CTpSHe HaA TeMnaM" pOCTa peaIlbHoro BBn CB"Ae- TeIlbcTByeT 0 ee nOTpe5IleH"" TeHeBblM ceKTOpOM). . PaCXO)/(OeHUe Me)/(oy cpaKmU4ecKUMU U ocpUL<UanbHO Y4meHHbiMU mpyooeblMU pecypcaMU. . PaCXO)/(OeHUe Me)/(oy ooxooaMU U pacxooaMU. B Ta5Il"'1e 16.3 np"BeAeHbl O'1eHK" MacwTa50B TeHeBo" 3KOHOM"K" no H8KOTOpblM cTpaH8M, OCHOB8HHbl8 Ha MeTOAe 8H8Illtl38 cnpoc8 H8 AeHbrVL HaCKOIlbKO T04HO nOKa3aTeIlb BBn "3Mep"eT 3KOHOM"4eC- KYfO aKmBHOCTb " 5IlarococTO"H"e Ha'1""? 3TOT Bonpoc Bbl3blBaeT OC05bl" "HTepeC 3KOHOM"CTOB B CBR3" C P"AOM np"4"H. Bo-nepBbIX, He BCR AeIlOBaR aKmBHOCTb Y4"TbIBaeTC" B ocp"'1"aIlbHOM nOKa3aTeIle BBn. CYll1eCTByeT PRA 5Ilar, KOTopble TPYAHO nOAAafOTC" "3Me- peH"fO, nOCKOIlbKY OH" He "MefOT pbIH04HO" O'1eHK" (He peaIl"3YfOTC" Ha pbIHKe). npe>KAe Bcero, 3TO Ae"TeIlbHOCTb B paMKax AOMawHero X03""CTBa - npHroToBIl8HH8 8Abl, BOCnHT8H\.18 AeTSC1, p8MOHT CBOVlML-1 CVlIlaM\.1 VI 8006- ll1e Ae"TeIlbHOcTb no np"H'1"ny «cAeIla" caM»: A05pOBOIlbHbl" TPYA, Hanp"- Mep, pa50Ta no y50pKe Tepp"TOp"" BOKpyr CBoero AOMa (BcnOMH"M «cy6- 50TH"K"» " «BocKpeCH"K"», KOTopble Ka>KAO" BecHo" OpraH"3YfOT MYH"'1"- naIl"TeTbl B POCC""CK"X ropoAax, np"rnawa" >K"TeIle" M"KpOpa"oHa 04"C- 354 355 "" 
Inaea 16 OCHoeHbie MaKp03KOHOMUyeCKUe nOKa3amenu U cucmeMa HaLjuoHanbHblx C4emos HOCTb 38KIlf04aeTC" B TOM, KaK AaTb AeHe>KHYfO O'1eHKY BCeM TeM B"AaM ,QeflTeIlbHOCTIit, KOTopble He HOCHT pblH04HOro X8p8KTep8 14, CJleAOBaT8IlbHO, He MorYT 5blTb O'1eHeHbl B npO'1eCce CB060AHOro pblH04HOro 05MeHa. nOKa3aTeIlb Y\.1CTOrO 3KOHOM!.1yeCKoro 6Jl8roCOCTOHHH L-1HTep8C8H, npe>KAe Bcero, KaK TeOpeT"4eCKa" nocTaHoBKa np05IleMbi Y4era pa3Il"4Hb1X CTOpOH CPYHK'1HOH"pOBaH"" 3KOHOM"K", B TOM 4"CIle " HecpopMaIlbHO". OA- HaKO Ha npaKT"Ke CTaT"CT"4eCK"e CIlY>K5bl OOH " Ha'1"OH8IlbHOro C4eTO- BOACTBa oTAeIlbHblX rOCYAapCTB ell1e He BIlaAefOT YH"CP"'1"pOBaHHO" MeTO- AKO" pac4era 4"CTOro 3KOHOMH4ecKoro 5IlarococTO"H"". BOT n04eMY a55- peB"aTYPY 435 Mbl BCTpe4aeM B Y4e5H"KaX no MaKp03KOHOM"Ke, a He B CT8T"CT"4eCK"X C50PH"K8X pa3Il"4Hb1X CTpaH M"pa. Ta6IlVlu,a 16.3 MacwTa6bl TeHeBOM 3KOHOMIIIKIII B HeKOTopblX pa3BIIITbiX CTpaHax B 1994-1997 rr,. B % OT BBn CTpSHbl 03CP MaCWTa5bl TeHeBo;;; 3KOHOMHKH II1raIlH" WBe'1"" "'paH'1"" fepMaH"R BeIl"K06p"TSH"" CWA WBe"'1ap"" 1994-1995 rr. 26,0 18,6 14,5 13,5 12,5 9,2 6,7 OCHOBHble nOHSlTI1S1: 1996-1997 rr. 27,2 19,5 14,8 14,75 13,0 8,8 7,8 V'lCT04HVlK: 3KOHOMVl48CKafi TeOplr1f1 npeCTynIl8HI-1f1 VI HaKa38HVlaII. P8cpepan1BHbl >KypH8Il. M., prrY, 2000. BblnycK 2. HecpopM8IlbHblVi ceKTOp 3KOHOMVlKVI 3a py68)f(OM. C.122. Kpyro050pOT AOXOAOB H pacxoAoB B8IlOBO" BHYTpeHH"" npoAYKT (BBn) BanoBo" Ha'1OHanbHbl" npoAYKT (BHn) ABO"HO" C4eT Ao6aBneHH8f1 CTOV1MOCTb Aeq)Il"TOp BBn I'1HAeKc nacneVlpeca Ii1HAeKc naawe Ii1HAeKc <I>wepa .nw.IHble nOTpe6li1TenbCKV1e pacxoAbl B POCC"", no ocp"'1"aIlbHbIM AaHHbIM, AOIl" TeHeBoro ceKTopa B 061l1eM 05beMe BBn B 2001 r. CH"3"IlaCb AO 18%, XOT" ABa roAa Ha38):1 AOIl" TeHeBO- ro ceKTopa npOrH03"pOBaIlaCb npaB"T8IlbCTBOM Ha ypoBHe 25-30% BBn. Anb- TepHaT"BHble O'1eHK" MacwTa50B TeHeBO" 3KOHOM"K" B POCC"" BSPb"PYfOT B BeCbMa W"POKOM A"ana30He - aT 20 AO 40-50% BBn. ' B-TpeTb"X, nOK83aTeIlb BBn He Y4"TbIBaeT 5Il8rococTO"H"e 051l1eCTBa, CB"3SHHoe C AocyroM, "Il" '1eHHOCTbfO cB050AHoro BpeMeH". HSnp"Mep, eCIl" Bbl, nocne AOCT">KeH"" onpeAeIleHHoro, AOCTaT04HO BblCOKoro ypOBH" AOXO- A8, np!.1MHT8 peweHV1e 0 COKpaLl.\eHIII!.1 48COB CB08171 pa60Tbl, TO B nOK83aTene BBn 3TO OTpa3"TCR KaK YMeHbweHHe Ao5aBIleHHO" CTO"MOCTH. OAHaKO Bawe 5Il8rOCOCTO"H"e, "3Mep"eMoe He TOIlbKO AeHbr8M", HO " CB060AHbiM BpeMe- HeM, craHeT Bblwe (BcnOMH"M 3cpcpeKT AoxoAa " 3cpcpeKT 3aMell1eH"" np" "HA"B"AyaIlbHoM npeAIlO>KeHHH TPYAa). B-4eTBepTbIX, B nOKa3aTeIle BBn OTCYTcTByeT O'1eHKa HerST"BHbIX pe- 3YIlbTaTOB AeIloBo" aKmBHocm, Ta,"X, KSK 3arp"3HeH"e OKPY>K8fOll1e" cpe- Abl, 4TO BIle4eT 3a c050" YMeHbWeH"e 5IlarococTO"H"" 051l1eCTBa. Y4ecTb BIl""H"e 3T"X cpaKTopOB Ha 051l1eCTBeHHoe 5IlarocoCTO"H"e no- 3BOIlHeT nOK83aT8Ilb «....HCToro 3KOHOMLo1....eCKoro 611arOCOCToflHHfI» 06W,8- CTBa (435), BBeAeHHbl" B HaY4Hbl" 060POT aMep"KaHCK"M" 3KOHOM"CTaM" B. HOPAxaycoM " A>K. To5"HOM: 435 = BBn - AeHe>KHaR O'1eHKa OTP"- '1aTeIlbHblX cpaKTopoB, B03,Qe"cTBYfOll1"X Ha 6IlarococToHHH8 + H8pblHOYH8H A8HT8nb- HOCTb (B AeHe>KHO" O'1eHKe) + AeHe>KHa" O'1eHKa cB050AHoro BpeMeH". Bc" CIlO>K- BanOBble yaCTHbJ8 HHBeCTH4H\r1 AMOpTH3a'1"" rOCYAapcTBeHHble 3aKynKH 4MCTblVl 3KcnopT Ha4HoH8nbHblVi AOXOA KocBeHHbl8 H8norV1 Ha 61-13HeC PacnOJ1araeMblVl AOXOA CHcTeMa Ha'1"OHanbHbiX C4eTOB (CHC) 4HcToe 3KOHOMH4eCKoe 6narococTOHH!.1e 1 «AK&M» OT 27.12.2001 r.; 3KOHOMI-14eCK/.1 >KYPH8Il Bblcwe WKOIlbl 3KOHOMI-1KVI. TOM 4, NQ 4, 2000. C. 435. 356 circular flow of incomes 8nd expenditures gross domestic product, GDP gross national product, GNP double countin9 value added GDP deflator Laspeyres index Paasche index Fisher index personal consumption expenditures gross private investment depreci8tion government purchases net exports nation81 income indir8ct business taxes disposable income national account system net economic welfare 
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Inasa 17 HOMItICT8 .o.YHK8H8 5113K8\ KOTOpble p83BItIB8IlH MaTeMaTL-1yeCKItIH nOAXOA K 3KOHOMHyeCKOYl TeopHH. BMeCTe C TeM, OH!.1 CT8BItIIlH CBoeY! 3aA8Y8V1 npltl- MeHeH"e np"H'1"nOB 3KOHOM"4ecKoro SHaIl"3S ("3Aep>KK" - BbIlOAbl) K npo- eccaM npltlHflTItIH nOIlIIITJ.1Y8CKItIX L1 3KOHOML1Y8CKL-1X peW8HIr1111 np8BIIITeIlb_ CTBOM. 3TO H8np8BIl8HL-1e p83BL-1B8IlOCb B aIlbHeVlW8M B TeCHOVl CBH3H c H80KnaCCL-1yeCKVlML-1 L-1 HeOHHCTL-1TYl!1t10HaIlbHbIMiII MOAeIlHM\.1. OCHOBHO" npeAMeT TeopHH 051l1eCTBeHHoro Bbl50ps - HccneAOBSHHe B3aHM03aBHCHMOCTH nOl1HTHLleCKHX H 3KOHOMH"IeCKHX HBl1eHHVI. B p8MK8X 3TO" TeOp"" "CCIleAyeTC" MeXaH"3M np"H"T"" nOIl"T"KaM" MaKp03KOHOM"- Y8CKHX peweH!.1Ci. n03TOMY HepeAKO MO>KHO YB!.1A8Tb B 3an8AHbiX 3KOHOML-1Y8C- KIt1X CIlOBapHX T8pMItIH «nOIlItITIt1Y8CKas:l 3KOHOMltIs:I» \.1IlH «HOBaH nOJlIr1TV1Y8CK8s:1 3KOHOMIt1H» KaK CItIHOHItIMbl TeOplr1L-1 068CTBeHHoro Bb160p8. XapaKTepHble BonpOCbl, paCCMaTp"BaeMble TeOp"e" 051l1eCTBeHHoro Bbl60pa - roCYAapCTBeHHble cp"HaHCbl, npO'1eAypbl roIlocOBaH"", npo'1ec- Cbl npL-1HHTIIIH np8BL-1T811bCTB8HHbIX peweHHVI, A8f1T8IlbHOCTb TaK H83blBae- MblX rpynn AaBIleH"" " T. n. B 4"CIle ee BeAYll1"X npeACTaB"TeIle" - nay- peaT H05eneBCKO" npeM"" no 3KOHOM"Ke " aBTOp TaK"X pa60T, KaK «Ae- MOKpaT"" B Aecp"'1"Te» (1977), «Pac4eT cornac""» (1962), «OcHOBaH"e npaB"fl» (1985), «fpaHH'1bl cB060Abl>} (1975)2, aMep"KaHCK"" 3KOHOM"CT .o.>Keil1Mc 5bIOKeH8H, BL-1AHbI8 npeACT8B!.1T8IlItl cOBpeMeHHoro ItIHCTIt1TYU,L-10H8- Il"3Ma Ayrnac HOPT, MaHKYP OIlCOH " AP. B CWA "3AaeTC" Cne'1HaIlbHbl" >KypHaIl «Public Choice» «<051l1eCTBeHHbl" BbI50p»), YTO rOBOp"T 0 pacnpo- cTp8HeHL-1L-1 BIlHHHItIH 3TOVI T80p1t1H. A>K.5bfOKeHeH BblCKa3aIl npeAnOIlO>KeH"e 0 TOM, 4TO np"H'1"n pa'1"O- H8IlbHOro 3KOHOMIt14ecKoro nOB8AeHL1H npV1MeHL-1M 14 npL-1 It1CCIl8AOB8HIt11t1 no- JlL-1TL-1yeCKIr1X npO8CCOB. CaM8 nOIlHTL-1Y8CKas:l CCP8P8 p8CCM8TpL-1B8eTCH K8K p83HOBHHOCTb pb1HK8, HO B ,Q8HHOM CllYY88 nOIlHTItIY8CKOro. 3TO 03H8488T, 4TO 4eIlOBeK, 3aH"BW"" rOCYAapCTBeHHYfO AOIl>KHOCTb, He 06"3aTeIlbHO 5y- AeT PYKOBOACTBOB8TbCH Ir1CKIlIOYL-1TeIlbHO C006P8>K8HiIIs:lMH 06Ll.\eCTBeHHoro 5IlaronOIlY4"" " npOBeAeH"" B >K"3Hb peWeH"", OTpa>KafOll1"X MHeH"e Bcex era H36L-1p8T8Il8L4. T8K, 8CIlItI 06blYHblil1 PHAOBOL4 nOTpe6L-1T8Ilb 38!.1HTep8CO. BaH B MaKCV1ML-138L-1L-1 nOIle3HOCTH, 61t13HeCMeH - B MaKCL-1MIo138U,V11t1 npVl6blJ1lt1, TO " npeACTSB"TeIlb roCYAapCTBeHHblX opraHOB 5YAeT CTpeM"TbCR K MaKC"- MVl38l!HH CBoeVl Y8CTH0L4 BblroAbl. A 3T8 Bbl- roA8 COCTOV1T B p88IlIll38l!J..1!.1 >KeIl8H!.1H 6blTb nepelr136p8HHblM, nonYYIHb K8K MO>KHO 50Ilbwe roIlOCOB Ha Bbl50pax. KaK OTMe4aIl nfOAB"r cpOH M"3eC, "3BeCTHbl" npeAcTs- BIIITenb H80IlH68p8IlH3M8, «... B ynpaBIle- H"" rocYAapcTBeHHblM" Y4pe>KAeH""M" npV1XOAIr1TCH \I1cn0I1b30B8Tb npIllHl!V1nbl, co- B8pweHHo OTIl!.14HbI8 OT Tex, KOTOpbl8 nplt1- MeHHIOTCH B CL-1CT8Me, Oplll8HH1pOB8HHOVl H8 np"6bIIlb... 61OpoKpaTH4ecKoe ynpaBIle- Hille - 3TO MeTOA, npL-1M8Hs:leMbll71 npH B8,Q8- 366 1 Arrow, Kenneth J. Social Choice and Individual Values. New York: Wiley, 1951; Black, Duncan. Theory of Committees and Electons. Cambridge: Cambridge University Press, 1958. 2 nepSble Tp\ll pa60Tbi HanV!ca- Hbl s coaSTOpcTse c P. BarHepOM, r. TannoKoM VI r. cpeHaHOM cOOT- seTCTseHHO. ponb eocyoapcmsa s pblHOYHOU 3KOHOMUKe - H"" aAM"H"CTpaT"BHbIX AeIl, pe3YIlbTaTbi KOTOpblX He "MefOT AeHe>KHO" '1eHHOCT" Ha pbIHKe».} B 3TO" C"Tya'1"" He BC"Koe peWeH"e, np"H"TOe rocy- AapCTBeHHbIM" opraHaM", Hanp"Mep, 3aKOHOAaTeIl"M", 5YAeT OnT"MaIlbHbIM c 3KOHOMHY8CKOY! T04KItI 3p8H\.1H. 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Oc05eHHOCTb nOAXOAa TeOp"" 061l1eCTBeHHoro Bbl60pa K nOIl"T"4eCK"M np-OeCC8M 38KIllOyaeTCH B TOM, 4TO Y8CTHbril11r1HTep8C p8CCM8Tplt1BaeTCH K8K QCHOBHO n05YA"TeIlbHbl" MOT"B He TOIlbKO B nOBceAHeBHO" >K"3H" " B 5"3- Hece, HO " B 051l1eCTBeHHo" >K"3H". nf060e peWeH"e, np"H"MaeMOe 051l1e- qTBoM, a8BV1CHT OT 3KOHOMIr1Y8CKL-1X 08HOK yYacTHVlKOB rOll0COS8HL-1H CBOIt1X 38TpaT Ir1 BbiraA B CBR3" C ero peaIl"3a'1"e". Ba>K- HeW"e peWeH"", KOTopble AOIl>KHbl np"- HMaTb npaB"TeIlbCTBeHHble OpraH"3a'1"", CBR3SHbi C npO"3BOACTBOM 051l1eCTBeHHbix 6nar, 0 4eM Y>Ke WIla pe4b B S 1. nOIlHT"- eCKaR C"CTeMa, B YCIlOB""X KOTOpO" np"- 1 MLt13eC 11. clOpOKpaTVISL 3an- naH'-1pOSaHHbll/1 xaoc. AHTVlKanLt1Ta- nVlCTltlyeCKaH MeHTanbHOCTb. M., 1993. C. 42. 2 XelilHe n. 3KOHOMII!4eCKIo11/1 o6pa3 MbIWneH\o1H. M., 1991. C. 433. 367 
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U,' - nOIle3HOCTb, peaIlbHO nOIlY4eHHS" (a - actual) 3a "CTeKW"" ne- P"OA t. np" xopoweM p8"mHre "36"paTeIlb Bce >Ke nporoIlocyeT 3a napT"fO, HaXOA"ll1YfOC" y BIlaCT", np" nIlOXOM - npOT"B. 0AH"M "3 Ba>KHe"W"X HanpaBIleH"" B TeOp"" 051l18CTBeHHoro Bbl50pa flBI1S1eTCH p8CCMOTpeHIr18 MOAeIlell1 nOJlIr1TL-1yeCKHX Bbl60pOB C Ir1CnOIlb30B8HH- eM MeToAoB 3KOHOMHyeCKoro 8H8IlH3a. CYl11 ecT BYfOT pa3Il"4Hb18 MOAeIl" nOIl"T"4eCK"X BbI50pOB: AByxnapT""- ,aSl. MHoronapTJ.1HH8H, A8MOKp8TL-1yeCK8H, TOT8IlIIIT8pH8H H T. n. Mbl OCT8HO- .BHMC" Ha paccMOTp8H"" napsAoKca KOH- !'I0pce H TeopeMbl H8B03MO>KHOCTH 3p- poy, KOTOpble HS3BaHbi no "MeHaM CBO"X aBTOpOB: cppaH'1Y3cKoro CP"IlOcocpa, 061l1e- CTBeHHoro Ae"TeIl" " 3KOHOM"CTa XVIII B. >KaHa AHTyaHa KOHAopce " COBpeMeHHoro , Downs A. An Theory of Democracy. P.38. 2 Ibid. P. 42. Economic NY 1957. 371 ". 
Inasa 17 aMep"KaHCKOro 3KOHOM"CTa KeHHeTa 3ppoy. Hac 5YAeT "HT8peCoBaTb aHa- n\.13 BblHBIl8HL-1H 06Ll.\eCTBeHHblx np8An04TeH!.1L4 L-1 npOl!8AYPbl roIlocOBaHL-1f1. II1cXOAHS" np05Il8Ma napaAoKcs KOHAopce CPOPMYIl"PyeTc" cIleAY- ll1"M 05pa30M: eCIl" B 061l1eCTB8 OTCYTcTByeT 8AHHOAYW"8 no nOBoAY np"- HHTV1H Tex V1IlL-1 L-1HbIX aIlbTepH8TL-1BHbIX nporp8MM, TO K8K >Ke BblHBV1Tb o6li..\e- CTBeHHoe npeAn04TeHH8? no np"Hl1"ny 50IlbW"HCTBa np" rOIlOCOBaH""? 3TO B03MO>KHO, HO npV1 YCIlOBL-1H, 4TO np8AIl8raeTCs:1 TOIlbKO OAH8 nporpaM- Ma. A eCIl" HaAo Bbl5"paTb Me>KAY HeCKOIlbK"M" nporpaMMaM"? Hanp"Mep: A) 50pb6a C "HcpIl"l1"e,,; 5) 50pb5a C npecTynHocTbfO; B) 60pb5a C 5e3pa- 50T"l1e". 111 np" 3TOM, npeAnOIlO>K"M, eCTb Bcero 3 rpynnbl roIlOCYfOll1"x. OH" PSH>K"PYfOT CBO" npeAn04TeH"", CTaB" (A), (5), (8) Ha 1-e, 2-e V1IlH 3-e MeCTO. YT05bl paccMoTpeTb npol1ecc np"H"T"" peWeH"" B AaHHoM cIlY4ae, "305pa3"M npeAn04TeH"R rOIlocYfOll1"X B B"Ae Ta5Il"l1bl: Ta6m"'u,a 17.2 npe,Qn04TeHHfI ronOCYK>I.1.\HX npH Bbl60pe 1113 Tpex 311bTepH3THB rpynnbl roI10cyKJW,Io1X PaHrlo1 Tpex aI1bTepHaTB: A 5 B 1 1 2 3 2 3 1 2 3 2 3 1 IIITaK, HaLlV1Ha8TCS:; npou,ecc roIloCOBaHHH. CHa4aIla rOIlOCYfOll1"M npeAIlaraeTcR CAeIlaTb Bbl50p Me>KAY nporpaM- MaM" A " 5. 1-" rpynna Bbl6"paeT A (nporpaMMY A 3Ta rpynna CTaB"T Ha nepBoe MeCTO, a nporpaMMY 5 - Ha BTOpoe), 2-" - 5 (nporpaMMe A OTBO- A"TC" TpeTbe MecTO, nporpaMMe 5 - nepBoe), 3-" - A (A 3aH"MaeT BTopoe M8CTO, 5 - TpeTbe). CIleAoBaTeIlbHo, Bbl50p CAeIlaH B nOIlb3Y A, nocKonb'Y 3TY nporpaMMY npeAn04Ilo 50IlbW"HCTBO - 1-" " 3-" rpynnbl. 3aTeM HaAO oCYll1eCTB"Tb Bbl50p Me>KAY nporpaMMaM" 5 " 8. Bbl6epYT nporpaMMY 5, TaK KaK 1-" " 2-" rpynnbl OTAafOT 8" np8An04TeH"e. HaKOH8l1, BbI5"pa" Me>KAY nporpaMMaM" A " 8, npeAn04TeH"e OTAS8T- c" nporpaMM8 8, nocKoIlbKY 3-" " 2-" rpynnbl rOIlocYfOT 3a 8. Ho B8Ab, Ka3aIlOCb 5bl, eCIl" c06IlfOAaIlc" 5bl np"Hl1"n TpaH3"T"BHOC- T", TO, npeAn04"Ta" nporpaMMY A nporpsMMe 5 " nporpaMMY 5 nporpSM- Me 8, 051l1eCTBO AOIl>KHO npeAn048cTb nporpaMMY A nporpaMM8 8. Ho, Ka' nOKa3aHO Bblwe, 06Uj8cmeo c08nano npomuBope4uBbiu ebl60p, amo aB npeon04meHue npoepaMMe 8. 3Ta Ta6Il"l1S "IlIlfOCTp"pyeT nspsAoKC KOHAopce, rOBOp"ll1HH 0 He- 372 ---- POf1b Bocyoapcmea s pblH04HOO 3KOHOMUKe nOCl1eAOeaTel1bHOCTH r0110COBaHHfI npocTblM 6011bWHHCTBOM r0110COB. C11ep,OB8TeIlbHo, roIlocOB8HL-1e 60IlbWIo1HCTBOM He BcerA8 A88T pa3YMHbl Bb150P, HeCMOTp" HS AeMOKpaT"4HOCTb 3TO" npOl1eAypbl. B 1952 r. K. 3ppoy B CBoe" pa60Te «051l1eCTB8HHbl" Bbl50p " "HA"B"- AySIlbHbie l1eHHOCT"» «<Social Choice and Individual Values»)' CCPOPMYIl"- posaIl CBOfO 3HaMeH"TYfO TeopeMY HeB03MO>KHOCTH: He CYll1eCTByeT pS- 3yMHorO KOl1l1eKTHBHoro Bbl6opa, eCl1H '-IHC110 B03MO>KHbIX al1bTepHa- 1'IIB npeBblwaeT ABe. B APYro" CPOPMYIl"pOBKe TeopeMa HeB03MO>KHOCT" 3BY4"T TSK: 0511\eCTBO Ke MO>KeT HS"TH npOl1e.t1YPY npHHRTHR HenpOTHBope4HBbIX, cornaCOBSH- KblX peweHHH, eCIlH TOIlbKO 3TH peweHHR He OCTSBIleHbl HS YCMOTpe- !tHe OAHoro IlHLlS. . Ho 4TO >Ke TaKoe pa3YMHbl" Bb150p, T04Hee - pa3YMHbl" KOIlIleKT"B- HblH Bb150p? 3TO c05IlfOAeH"e n"T" aKC"OM (YCIlOB""), npeAIlO>KeHHbIX 3ppoy: 1. KOIlIleKT"BHbl" Bbl50p AOIl>KeH 6blTb oCYll1eCTB"M AIl" Ilf050" KOM5"- Hau,H\.1 npeAnol.HeHIo1V1 YLl8CTHLr1KOB roIlocOBaH!.1s:1 (8KCHOM8 YH\.1BepC8IlbH0L4 npIo1MeHHMOCTL-1, VlIlH KOIlIl8KTHBHOVl p8'-"!.10HaIlbHOCTL-1). 2. YCIlOB"e, "Il" aKC"OMa TpaH3"T"BHOCT". ECIl" 051l1eCTBO npeAn04"- fasT aIlbTepHST"BY A aIlbTepHaT"Be 5, " aIlbTepHaT"BY 5 aIlbTepHaT"Be C, TO np" Bbl50pe Me>KAY A " C 061l1eCTBO npeAn04"TaeT aIlbTepHaT"BY A. 3. YCIlOBL-1e He3aBL-1CItIMOCTL-1 OT BHeWHHX 8IlbTepH8THB (T. e., eCIlH HHAIII- BAbl Bbl5"pafOT Me>KAY aIlbTepHaT"BSM" A " 5, TO 3TO He 3aB"C"T OT "X MHeH"" no nOBOAY aIlbTepHaT"Bbl 8). 4. YCIlOB"8 CYBepeH"TeTa rpa>KAaH. 3TO 03Ha4aeT, 4TO 051l1eCTBO He MO- )KeT npeAn04ecTb A - 5 He3aB"C"MO OT Bbl60pa rpa>KAaH, oc06eHHo eCIl" qyll\eCTByeT eA"HoAywHoe npeAn04TeH"e 5 - A. 3TO YCIlOB"e "HOrAa Ha- 3l,11!afOT np"Hl1HnOM napeTo. ; 5. YCIlOB"e HeA"KTaTOpCK"X Bbl50pOB (H"KaKO" "HA"B"A He MO>KeT Ha- 'B3aTb CBO" npeAn04TeH"" 061l1ecTBY). TeopeMa HeB03MO>KHOCT" K. 3ppoy Y>Ke caMa no ce5e - AOBOA B nOIlb3Y AByxnapTHHbiX P8}1{HMOB, T8K K8K AOK83bIBaeT, LITO H\.1K8K8s:1 AeMOKpaTItILl8C- !!Ij" C"CTeMa rOIlOCOBaH"" (T. e. aKC"OMbl 1-5) HeB03MO>KHa np" cYll1eCTBO- B,Ii\HIIH 50Ilee 4eM ABYX napT"". 'I, B KaKOVl-TO CTeneH\.1 IlorpOIlIlHHr nOMoraeT np80AOIleTb napaAoKC roIlO- POBaH"R. B HaweM np"Mepe, "IlIlfOCTP"PYfOll1eM napaAOKC KOHAopce, eGIlIi ABe "3 Tpex rpynn MorYT AOroBO- PHTbC" Me>KAY c050" a Bbl60pe ABYX npo- :SMM " nOMeH"Tb CBO" npeAn04TeH"" a'HM 06pa30M, 4T05bl npOWIl" Te npo- rpSMMbl, KOTopble "X Y CT p a"BafOT B03MO>K- "'0 ' np""T" K KOHe4HOMY peWeH"fO. 1 B nepeBOAe Ha PYCCKIo1i1 Sf3bIK: 3ppoy K. ,Q>K. KOJlIleKn1BHbl Bbl60p  Io1H,QIo1BIo1Aya.nbHble u,eHHO- CT.. M., ry BW3, 2004. 373 
Inaaa 17 II1T8K, rOCYASpCTBeHH08 perYIl"pOBaH"e He05xOAHMO OCYll1eCTBIl"Tb B OnpeAeIleHHblX npeAeIlaX. 3T" npeAeIlbl YCT8HOBIleHbl MaCWTa5aM" cp"aC- KO pblHKa B l!enOM H KOHKpeTHol71 3KOHOMHyeCKOCi cHTyaLJ,lt1el71. YM8IlOe rocy- AapCTBeHHOe p8rYIlHpOB8HIo1e n03BOIlHeT IlL-1KBL-1AHpOB8Tb Te «npOBaIlbl», KOTOpbl8 H8B03MO>KHO BOCnOIlH!.1Tb, V1CnOIlb3YH L-1CKIlIOYL-1TeJlbHO pblH04HblL4 MeXaHL-13M. 111 BCIleA 3a ABp88MOM nlr1HKOnbHOM Mbl MO>KeM CK838Tb: «P83YM- HaH L\8Ilb roCYA8PCTB8 COCTOV1T B TOM, 4T06bl AeIl8Tb AIlH IlI0AeVl TO, YTO L-1M Tpe6yeTcH, HO OHIII C8MIt1 CBOL-1MH C!.1Il8MIt1 He MOryr AeIl8Tb Bo06Ll.\e HIlL-1 He MOryr AeIl8Tb AOIl>KHbIM 06pa30M». Ho Ba>KHO nOA4epKHYTb, 4TO H"KTO He YTBep>KAa8T, 5YATO Bce np05ne- Mbl 38K8H4111B81OTCH TorA8, KorA8 roCYA8PCTBO KOMneHcV1pyeT npOB8Ilbi pblH- Ka. BeAb CYll1eCTByeT " <jJHSCKO rOCYAspCTBS (<jJHaCKO rOCYAspCTBeHHO- ro peryIlHpoBaHHR), nOA KOTOpblM nOH"MaeTC" He3cpcpeKT"BHOe pscnpeAe- IleH"e pecypCOB B pe3YIlbTaTe roCYAapCTBeHHoro peryIl"pOBaH"", " ASIlee Mbl nOAP05Hee OCTSHOB"MC" Ha paCCMOTpeH"H 3Toro "BIleH"".  3. <3>l'IaCKO rocy,qapCTBa CTOPOHH"K" TeOp"" 051l1eCTB8HHoro Bbl60pa np"XOA"T , BbIBOAY, 4TO L1M8HHO B CL1IlY 3KOHOML-1yeCKV1X npL-1YIt1H CYLl.\eCTByeT nOIlHTL-148C- Koe H8paBeHCTBO M8>KAY OTAeIlbHblMIt1 rpynnaML-1 H8CeIl8HIt1H V1 B03MO)\{HO np"H"T"e He3cpcp8KT"BHbIX peWeH"", T. 8. cp"aCKO roCYAapCTBa. npoaHa- Il"3"PyeM Ha"50Ilee Ba>KHble np"4"Hbl cp"aCKO roCYAapCTBeHHoro perYIl"- pOB8HHH. npe>KAe Bcero cIleAyeT e1l18 pS3 CKa3aTb a HapyweHHH nponopl1H" MeJKAY npeAeIlbHblMH 3STpaTaMH H npeAeIlbHblMH BbIrOAaMH, KOTopoe MO>KeT np"BeCm K He3cpcpeKT"BHOMY, C 061l1eCTBeHHO" T04K" 3peH"", np"- HHTL-11O 3KOHOMIr1yeCKoro peW8HIt1H, T. e. K cpL-18CKO roCYA8PCTB8. HepaBeHCTBO B nOIlY4eHHH HH<pOpMSLlHH TaK>Ke nOpO>KAaeT AaHHoe HeraT"BHOe "BIleH"e. nY4we "HCPOpM"pOBaHbl IlfOA" C BbICOK"M" AOxoAa- MH, XopOWO opraHV130B8HHble Il066L-1CTCKL-18 rpynnbl. CIleAOB8TeIlbHO, QHIr1 MaKC"M"3"PYfOT CBOfO np"5bIIlb, nOIlY4a" nOIl"T"4eCKYfO peHTY. HepaBeH- CTBO B nOIlY4eH"" "HcpopMal1"" CB"3aHO " C cpeHOMeHOM, np"CYTCTBYfOl11"M B CHCTeMe npeACTaBHTeIlbHOVl AeMOKp8TL-1L-1 L-1 nOIlY4!.1BWeM H83B8HIr1e pa'-'H. OHal1bHOrO HeBeAeHHH. 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TaK Ha3blBaeMblL4 HOpM8Ilb- Hbll71 KeVlHCL-1aHCK\.1L4 cIlyyali1 03H8Y8eT nOflO>KL-1TeJlbHbll71 H8KJlOH KpL-1BOVl AS. KnaCC"4eCK"" cIlY4a" "305pa>Ka8TC" BepT"KSIlbHO" KP"BO" AS, "cxOA"ll1e" "3 T04K" Ha OC" a6cl1"cc, cooTBeTcTBYfOll1e" nOTeHl1"aIlbHoMY BBn (Y') (CM. P"c. 18.4). B AaIlbHe"W"X rnaBax Mbl BCTP8T"MC" co BCeM" T"naM" "305ps>KeH"" KP"BO" AS. TaK KTO )\{e np8B B 3TOM TeOpeTL-1yeCKOM cnope? OTBeT 38KIlIOY88TCs:! B TOM, 4TO nplll 8H8IlL-13e cOBoKynHoro npe,QIlO>K8HV1H Mbl CTaIlK\.1B8eMCH C P83- Illll4HblMVI AonyeH\.1HMH, KOTopble L-1CnOIlb3YIOT Y48Hbie npH HccIleAoB8HI.-1\t1 3KOHOM"K" B KpamKocp04HOM " ooneocp04HOM nep"OAax. Ke"HC"aHcKS" TeOp"" paCCMaTp"BaeT 3KOHOM"KY B KpaTKOCp04HOM nep"OAe. Ha 3TOM BpeMeHHYM OTpe3Ke l!,8Hbl L-1 38p86oTH8H nIl8T8 HerH6KH, B yaCTHOCTVI, 1.-13- 3a TPYAOBblX KOnIl8KT"BHbIX AOroBOpOB 0 3apa50THO" nIl aTe, KOTOpbl8 He nep8CM8TpL-1B8IOTCH KablVl MeCHl!,. A 38p860THaS1 nIl8T8 - B8>KHeVlWL-1V1 3ne: MeHT "3Aep>KeK npO"3BOAcTBa. CIleAoBaTeIlbHo, np" >KeCTKOCT" 3apa60THO" nIlaTbl " l1eH Ha npoAYKl1"fO CP"PM 051l1"" ypoBeHb l1eH ocmeTC" He"3M8H- HbIM. HOpM8IlbHblVl KeIi1HcVlaHCKHL4 cIlyyali1, B npVlHlJ,L-1ne, TO>Ke OTHOCJ.1TCS1 K 388 , I  MBKP03KoHOMUyeCKOe paSHosecue: 6a30Sbie Mooenu - p p p AS AS AS y 0 Y" y 0 o a) 3KCTpeMal1bHblH KeHcMaHcKMH cl1yaH y 6) HOpMal1bHblH KeHHCMaHCKMH cl1yaH B) Kl1aCCMeCKHH c.nyaH Pile. 18.4. AnbmepHamU8Hbie 832nRObi Ha KOHq,U2ypau,wo KPU80ii AS pSTKOCP04HOMY nep"OAY, HO 3A8Cb Y>K8 np"cYTcTBY8T AonYll1eH"e 05 OT- 'HoCHTeIlbHoli1 rIt16KOCTL-1 lJ,eH no cp8BHeHL-11O C HOMHH8JlbH0l71 38pa6oTH0ll1 nIl8- 1'0111. B T8K0l71 C!.1TY8l!HH np!.1 nOBblweHVlH lJ,eH !.1 >KeCTKOCTJ.1 HOMHH8IlbH0li1 3aps50THO" nIlSTbl peaIlbHa" 3apa50THa" nIlaTa 5YAeT COKpall1aTbC", " w"pMaM 5YAeT BblrOAHO paCWHp"Tb cnpoc Ha TPYA. npO"30"AeT " YBeIl"- eH"8 BbrnYCKS, " nOBblweHHe ypOBH" l1eH. HaKOH8l1, KIlaCC"4eCK"" cIlY4a" 60nee nplllMeHV1M K AOIlroCp04HOMY 8H8Il!.13Y, KorAa B Te4eH\.18 HeCKOIlbKHX lieT KOIlIleKT"BHbI8 AOroBOpbl a 3apa50THo" nIl aTe 6YAYT nepeCMOTpeHbl. qaHbI " 3spa50THa" nIlaTa B Aonrocp04HOM nep"OAe 05IlaAafOT r"5KOCTbfO, '1\' 'aTa r"5KOCTb l1eHOBOro MeXaH"3Ma 05eCne4"BaeT CPYHKl1"OH"pOBaH"e 3I<OHOM"K" Ha ypOBHe nOTeHl1"aIlbHoro BBn. 'TaK >Ke, KaK " np" aHaIl"3e KP"BO" AD, HaM He05xOA"MO paCCMOTpeTb Hel1aHOBble cpaKTOpbl, np"BOA"ll1"e K CMe1l18H"fO KP"BO" AS. Mbl "CCIleAY- e. HopMaIlbHbl" Ke"HC"aHCK"" cIlY4a", KorAa B KpaTKOCp04HOM nep"OA8 peMeHH Kp!.1B8H cOBoKynHoro npeAIlO>K8HVls:I HMe8T nOIlO>KIt1T8IlbHbll71 Ha- KJ'IOH. CAB"r" KP"BO" AS 5YAYT CB"AeT8IlbCTBOBaTb a HOBOM ypoBHe "3Aep- >KeK Ha 8A"H"l1Y npoAYKl1"", CIleAOBaTeIlbHO, "3MeH"TCR pesIlbHbl" BbrnycK OP" Ilf050M 3aAaHHOM ypOBH8 l1eH B cTpaHe. Hanp"Mep, np" ypoBHe l1eH P, cMell1eH"e KP"BO" AS MO>KeT np"BeCT" KaK K YBeIl"48H"fO BblnycKa AO ypOBH" V" TaK " ero YMeHbWeH"fO AO ypOBH" Y,. MHO>KeCTBO np"4"H np"BOA"T K CMel11eH"fO KP"BO" AS (P"c. 18.5). Ba>K- HeMW"e "3 H"X - "3MeHeH"e l1eH Ha cpaKTOpbl npO"3BOACTBS. Hanp"Mep, YAOPO>KaH"e TaKoro cpaKTopa, KaK TPYA, np"BeAeT K Il8BOCTopOHHeMY CMe- lI\eH"fO KP"BO" AS B nOIlO>KeH"e AS" CH">KeH"e >Ke l1eHbl TPYAa Bblpa3"TC" B npaBocTOpOHH8M CMeeHHJ.1, B nOIlO>K8HL-1e AS 1 . AH8IlOrVlYHbie H3M8H8HVls:! npO"30"AYT B CB"3" C A"HaM"KO" l1eH Ha cblpbe " MaTep"aIlbl. TaK, nOBbl- UleH"8 l1eH Ha 3H8propecypcbl He"35e>KHO Bbl30BeT IleBocTopoHHee CMe1l18- H"e KpHBOM AS (BcnOMH"M C06bIT"" 3HepreT"4ecKoro Kp"3"Ca 1973-1975 rr., 389 
inasa 18 PUC. 18.5. p AS, o Y 2 Y n Y\ y Heu,eHosble cpaKmopbl ciJeuaa Kpueoii AS KorAa cTpaHbl-4IleHbl OnEK pe3Ko nOBbIC"Il" l1eHbl Ha HecpTb, 4TO Bbl3Bano WOK cOBoKynHoro np8AIlO>K8H""). np"4"HO", cnOC05CTBYfOll1e" CMell1eH"1O KpL-1BOC1 AS, HBIlfieTCH It1 YCHIleHHe L-1IlH oCIl86IleHHe MOHonoIlbHoH BIlacn1 Ka KO"-Il"50 rpynnbl nOCTaBll1"KOB P8CYPCOB (COOTB8TcTBeHHo npO"30"AeT IleBO- "Il" npaBocTOpOHH" CAB"r KP"BO" AS). KpoMe TOro, YC"IleH"e "Il" oCIla5Ile- H"e HaIlorOBOro 5peMeH" Ha 5"3HeC MOryT Bbl3BSTb COOTBeTCTBeHHO IleBO- " npaBocTOpOHH"" CAB"r paCCMaTp"BaeMO" KP"BO". IIIT8K, nOCIle 8H8Il38 cOBoKynHoro cnpoca L-1 cOBoKynHoro npeAIlO)\{e- HV1H, paCCMaTp!.1B8eMblx no oTgeIlbHocTH, MO>KHO 06p8THTbCfI K npo6neMe M8Kp03KoHoMHLlecKora paBHoBecHH. rp8cpw"'lecK M8Kp03KOHOM4eCKoe paBHOB8C"e 5YAeT 03Ha4aTb COBMell1eH"e Ha OAHOM P"CYHK8 KP"BbIX AD " AS " nepeCe4eH"e "X B HeKO T04Ke. Kp"Ba" AD MO>KeT n8p8ce4b KP"BYfO AS Ha Tp8X Y>Ke "3BeCTHbIX HaM OTpe3Kax: rOp"30HTaIlbHOM, npOM8>KYT04- HOM "Il" B8pmKaIlbHOM (p"c.18.6). Ha 3TOM rpacp"K8 npeACTaBIleHbl TP" Bap"aHTa B03MO>KHOro MSKP03'O- p PUC. 18.6. 390 AD, AS o r y MaKpo3KOHOMUtleCKOe pasHosecue: MoiJenb «AD-AS» .... MaKP03KOHOMU<.feCKOe paBHOBecue: 6a30Sbie Mooenu - HOM4eCKoro paBHoBecV1H, 1. e. TaKora COCTOflHHH 3KOHOMHK\.1, KorAa BeCb npOH3B8AeHHbl" Hal1HOHaIlbHbl" npoAYKT nOIlHOCTbfO peaIl"30BaH (Hal1"O- HaIlbHbl" AOXOA paBeH cOBoKynHblM paCXOAaM). Apyr"M" CIlOBaM", paBHo- B8CHbl" YPOB8Hb peaIlbHoro BBn (Y) - 3TO TaKO" ypoBeHb, np" KOTOpOM 05b8M npO"3BeAeHHo" npoAYKl1"" paBeH cOBoKynHoMY cnpocy Ha Hee. T04K8 E 1 - 3TO paBHoBecHe npH HenoIlHoVl 3aHHTOCTH 6e3 nOBblweHHH ypOBHR l18H, T. e. 5e3 "HCPIl"l1"". T04Ka E, - 3TO paBHOB8C"e np" He50IlbwoM nOBblweHHYI YPOBHfI u,eH 14 COCTOHHL-1It1, 6IlL-13KOM K nOIlHoa:1 3aHHTOCTVI. TOYKa E3 _ 3TO pSBHOBeC"e B YCIlOB""X nOIlHo" 3aH"TOCT" (Y'), HO C "HcpIl"l1"e". npHcnoc06IleHL-1e 3KOHOMIt1KH B cnyyae OTKIlOHeHHH OT pa3nH4Hbix paB- HOB8CHbiX COCTO"H"" B T04Kax E" E, " E3 6YAeT npo"CXOA"Tb no-ps3HOMY. B 3KcTpeMaIlbHoM Ke"HC"aHCKOM cIlY4ae, KorAa l1eHbl " 3apa50THa" nIlaTa >i<8CTK", B03Bpall1eH"e B T04KY paBHOBeC"R E, 5YAeT npo"CXOA"Tb 3a C4eT i(OIl85SH"" B 05beMax peaIlbHoro BBn. <t>"PMbl 5YAYT COKpall1STb HIl" pac- W"PRTb npO"3BOACTBO np" H8"3MeHHOM ypoBHe l18H B cTpaHe. B HopMaIlb- HOM Ke"HC"aHCKOM cIlY4ae OTKIlOHeH"8 OT T04K" E, 5YAeT cOnpOBO>KAaTbC" npMcnoc06IleHVleM 3KOHOMHKL-1 K paBHoBecHoMY COCTOHHHIO nYTeM H3MeHe- HR " YPOBH" l1eH, " 06beMoB BblnycKs. B KIlaCC"4eCKOM cIlY4ae np" OT- 1(110HeH"" OT T04K" E3 B03Bpall1eH"e K paBHoBecHoMY COCTO"H"fO 5YAeT npo- CXOA"Tb TOIlbKO 3a C4eT "3MeHeH"R r"5K"X l1eH H 3apa50THo" nIlaTbl 5e3 aKHX-Jl\.160 H3MeHeH\.1111 B o6beMe pe8IlbHoro BblnycKa, nocKoIlbKY 3KOHOML-1- I(s Y>Ke HaXOA"TC" Ha ypoBHe nOTeHl1"aIlbHOro BBn. TaK, MO>KHO cAenaTb BbIBOA, LITO B CIlY48e >KeCTKL-1X LleH pe8IlbHbla:1 65beM BBn onpeAeIl"eTC" KOIle5aH""M" cOBoKynHoro cnpoca, TaK KaK l19Hbi H 3apa50THa" nIlaTa HerH5K". HanpOT"B, B CIlY4ae r"5KOCT" l1eHO- I$oro MexaHH3Ma peaIlbHbl" BBn onpeAeIl"eTC" 05beMOM cOBoKynHoro npBAIlO>K8H"". KaKol71 >Ke H3 p8CCMOTpeHHbiX BapL-1aHTOB MaKp03KOHOM!.1YeCKoro p8B- HOBeCHH npeAnOYTVlTeIlbHee? G8Ma nOCTaHOBKa T8KOro BonpOC8 roBOplt1T 0 TOM, 4TO Mbl BTOpraeMC" B 05IlaCTb HopMamBHoro aHaIl"3a (CM. rn. 2). no- 31.1THBHblH >Ke 8HaIlH3 onVlCblBaeT B03MO>KHble COCTOflHIt1H MaKp03KOHOMHYeC- .K6fO paBHOBeC"" 5e3 BC"K"X 0l1eH04Hb1X cY>KAeH"". nOcIleAHee - npepora- THBa rocYAapcTBeHHblx Ae"TeIle" " npaB"TeIlbCTBa, peWafOl11ero KOHKpeT- !-Ible MaKp03KOHOMHYeCK!.1e 38A8YL-1 It! pe8IlL-13YIOLl.\ero KOHKpeTHble nporpaM- ..I B HenOBTop\.1MbIX 06CTOHTeIlbCTBax K8>K,Q0a:1 CTp8Hbi. 13. KeHHCHaHCKafl MOAenb o6U1erO paBHOBeCHfl KeVlHCIt18HCK8H Mo,qeIlb M8KP03KOHOMHyeCKoro paBHOBeCV1H, KIIK HaM Y>Ke B caMblX 051l1"X 4epTax "3BeCTHO, nOCTpoeHa Ha AonYll1eH"" 0 (j)KCHPOBaHHbIX l1eHax. n03TOMY rpacp"4eCKa" "HTepnpeTal1"" paBHOBeC"" B 3TOM naparpacpe 5YAeT "HO", He>KeIl" B MOAeIl" «AD-AS». 391 
Inasa 18 OTMen1M OCHOBHble nOIlQ}KeHHfI KeL4HCH8HCK0L4 TeOp!.1!.1, KOTopble npm.13_ BeIl" nepeBopOT B 3KOHOM"4eCKO HaYKe B CepeA"He 1930-x rr. " ASIl" Ton_ 40K p83BL-1THIO MaKp03KOHOMHKH. Bo-nepBbIX, KelllHc, B OTIlV14V1e OT Kn8CCI.1_ KOB, BblABHHYIl nOIlO>K8Hlt1e 0 TOM, LITO He cOBoKynHoe npeAIlO>K8HHe onpe_ AeIl"eT cOBoKynHb'" cnpoc, S, Ha050pOT, cOBoKynHbl" cnpoc onpeAeIl"eT ypOBeHb 3KOHOM"4eCKO" aKT"BHOCm, T. e. MaKC"MaIlbHO B03MO>KHbl" ypo- BeHb BblnYCKa npOAYKl1"" (COBoKynHoe npeAIlO>KeH"e) ", COOTBeTCTBeHHO, 3aH"TOCT". BO-BTOpbIX, KaK HaM Y>Ke "3BeCTHO "3 npeAblAYll1ero naparpacpa, Ke"Hc npeAnOIlaraIl, 4TO 3apa50THa" nIlaTa " l1eHbl He 06IlSAafOT COBep_ weHHO" r"6KOCTbfO. B-TpeTb"X, npOl1eHTHa" CTaBKa He ypSBHHBaeT 05be- Mbl "HBeCT"l1"" " c5epe>KeH"", KaK 3TO npeACTaBIl"eTC" B MOAeIl" KIlaCC"_ KOB. B-LleTBepTbIX, nOIlHaH 38HHTOCTb He AocTV1raeTCH B 3KOHOML-1Ke aBTOM8_ THyeCKL-1, H 3TO p,aeT OCHOB8HH51 AIlfi roCYA8pCTBeHHoro BMew8TeIlbcTBa B 3KOHOMV14eCKL-1e npOl4eCcbl. COBoKynHblL4 cnpoc B KeHcH8HCKO MOAeJlL-1 38BL-1CV1T OT T8KV1X B8>KHeL4- W"X KaTerop"", KaK CPYHKl1"" nOTpe5IleH"" " c6epe>KeH"". 111 nOTpe5IleH"e, " C5epe>KeH"" "BIl"fOTC", no Ke"HCY, CPYHKl1"e" AOXOAa. AIl" IlY4wero no- HIr1M8HHH Hp,e Kell1HC8 Heo6xoAHMO BBeCTV1 HOBbie nOHflT\.1H, HcnoIlb3yeMbl8 "M B «061l1e" Te0P""...». Bo-nepBblx, COOTHOWeH"e Me>KAY AOnOIlH"Tenb- HblM nOTpe6Il8HL-1eM !.1 AOnOIlHIt1TeJlbHblM AOXOAOM, T. e. npeAel1bHYIO CKIlOHHOCTb K nOTpe5IleHHIO MPC (marginal propensity to consume): MPC = t..el" Y (1) BO-BTOPbIX, COOTHoweHV1e Me>KAY AOnOJlHIr1TeIlbHblM C68pe>KeHHeM \.1 ,0,0- nOIlHHTeIlbHblM AOXOAOM, T. e. npeAel1bHYIO CK110HHOCTb K c6epe>KeHHto MPS (marginal propensity to save): MPS = "SI" Y (2) AonYCT"M, eCIl" AOnOIlH"TeIlbHbl" AOXOA 4eIlOBeKa COCTSBIl"eT 1 00 AOIlIl., "3 KOTOpblX 80 AOIlIl. OH nOTpaT"T Ha nOTpe5IleH"e, a OCTaBW"eC" 20 AOIlIl. - Ha AOnOIlH"TeIlbHble c5epe>KeHH", TO MPC COCTaB"T 80/100 = 0,8. MPS np" 3TOM COCTaB"T 20/100 = 0,2. KeL4HC Bbl,QBHHYIl n0J10>KeHHe, KOTopoe np!.1HHTO H83blS8Tb OCH08HbiM ncuxonoeU4eCKUM 3BKOHOM: «nCHXOIlOrL-1f1 06L4eCTBa T8KOB8, 4TO C pOCTOM cOBoKynHoro peaIlbHoro ,o,OXOA8 YBeIl!.14HB8eTCH Ir1 cOBoKynHoe nOTp86ne- HHe, OAH8KO He B TaKO >Ke Mepe, B K8KO p8CTeT AOXOA».1 A eCIlH TaK, TO 4aCTb C03AaHHO" npOAYKl1"" He CMO>KeT 5blTb peaIl"30BaHa, npeAnp"H"MS- TeIl" nOHeCYT y5b1TK" " 6YAYT CBOpa4"BSTb 05beM npOH3BOACTBa. HeAOCTaT04HOCTb CKIlOHHOCTH K nOTpe6IleHIr11O MO>KeT npHBec- TIr1 K XpOHV1yeCKOMY OTCT8B8HIr11O cOBoKynHo- ro cnpOC8 OT ypOBHs:!, 06ecne4HB81OLl.\ero nOIlHYIO 38HflTOCTb. 1 KeC1Hc ,QIK.M. 06w,afl TeopV\1'1 3aHflTocn1, npoLleHTa It! p,eHer. AH- TOJlOrli1fi 3KOHOMIi14eCK0C1 KJlacCIA- K". T 2. M., 1993. C. 155. 392 MaKp03KOHOMUyeCKOe paBHoBecue: 6a30Bbie MOaenU l 3MnHpH4eCKI-18 It1CCneAOBaHVlfI nOK838Il!.1, 4TO npeAeIlbH8H CKIlOHHOCTb K nOTpe6f1eHHIO Ir1 npeAeIlbHaH CKIlOHHOCTb K c6epe>KeHL-11O He 1-13MeHHIOTCfI Ha KpaTKocp04HbiX OTpe3Kax BpeMeH" " HepeAKO OCTafOTC" OAHO" " TO" >Ke ee.n1r14HHOVl A8>Ke Ha npOTH>KeH\.1V1 AJlL-1TeIlbHoro nep!.10A8. n03TOMY B A8Ilb- He"weM Mbl 5YAeM "CXOA"Tb "3 TOro, 4TO MPC " MPS - nOCTOHHHble BeIl"- 4Hbl Ha npOT">KeH"" Aonrocp04Horo nep"OAa. BeIl"4"Ha npeAeIlbHo" CKIlOHHocm K nOTpe5IleHHfO HaXOA"TC" Me>KAY HYIleM " eA"H"l1e,,: ° < MPC < 1. CYMMa MPC " MPS BcerAa paBHa 1. 3TO HeTPYAHO nOH"Tb, nocKoIlbKY AOnOIlH"TeIlbHb'" AOXOA TpaT"TCH KaK Ha no- tpe5IleH"e, TaK " Ha c5epe>KeH"e B onpeAeIleHHo" nponopl1"". OT npeAeIlbHo" CKIlOHHOCT" K nOTpe5IleH"fO HY>KHO OTIl"4aTb cpeAHlO1O CKl10HHOCTb K nOTpe5IleHHIO (APC), T. e. OTHOWeH"e pacxoAoB Ha nOTpe5- ileH"e K BeIl"4"He AOXOAa: APC = CIY; cooTBeTcTBeHHo, cpeAH"" CKIlOH- "OCTb K c5epeJKeHHIO onpeAeIl"eTC" KaK OTHOWeH"e c5epe>KeH"R K AOXO- fJ.y: APS = SlY. 05pamMc" K rpacp"4eCKoMY aHaIl"3Y " nOCTpO"M rpacp"K CPYHKl1"" no- 'Tpe5IleHH". 3aMemM ell1e pa3, 4TO AaIlee Mbl Be3Ae B l1eIl"X ynpOll1eH"" oipaCCMaTp"BaeM MPC KaK nOCTO"HHYfO BeIl"4"HY. Ho 3TO He npocTO a5CT- j!,lpaKI4V1f1. KaK nOK83blBalOT 3MnHpL-1yeCKHe A8HHble, H8 npOTfI>KeHHH AIlHTeIlb- . HblX nep"OAOB BpeMeH" BeIl"4"Ha MPC AOMaWH"X X03""CTB OCTaeTC" He- H3MeHHO", " AIl" p"Aa BblcoKOpa3B"TblX cTpaH HaXOA"TC" Ha ypoBHe 0,8-0,9. KaK CTPO"TC" rpacp"K CPYHKl1"H nOTpe5IleH"" (P"c. 18.7)? Ha OC" op- AHHaT - nnaHupyeMble, unu iKenaeMble pacxoAbl Ha nOTpe5IleH"e (C), KO- TOPbIM" B HaweM ynpOll1eHHoM CIlY4ae npeACTaBIleH BeCb cOBoKynHbl" cnpoc (AD). BeIl"4"Ha BblnycKa, "Il" AOXOA Y, oTKIlaAbiBaeTc" Ha OCH a6c- l\,cc. ECJlL-1 6bl P8CXOAbi B T04HOCTIII COOTBeTCTBOB8IlJ.1 AOXOA8M, TO 3TO OT- pS>KaIla 5bl Ilf05a" T04Ka, Ile>KSll1a" Ha np"MO", npOBeAeHHO" nOA yrnoM :45'. <PopMYIla AIl" nOCTpOeH"" Il"H"" 45' Bblpa>KaeTCH ypaBHeH"eM C = Y. Ho B Ae"CTB"TeIlbHOCT" TaKoro COBnSAeH"" He npO"CXOA"T, MPC MeHbwe 1, " monbKO 4acmb OOXOOOB pacxoAyeTC" Ha nOTpe5IleH"e. HaKIloH Il"H"" . C onpeAeIl"eTC" npeAeIlbHo" CKIlOHHOCTbfO K nOTpe5IleH"fO, HSnp"Mep, 0,8. 1')03TOMY rpacp"K CPYHKl1"" nOTpe5IleH"" ,A9Il>KeH OTKIlOH"TbCH OT Il"H"H 45' BH"3 :{P"c.18.7a). TaK"M 05pa30M, Mbl MO>KeM 3a- IncaTb CPOPMYIlY CPYHKl1"" nOTpe6IleH"" ':':SK C = MPCy" OAHaKo CYll1eCTByeT nOTpe5IleHHe " .OPH HYIleBoM ypoBHe AoxoAa. Ho 3a C4eT ero aHa MO>KeT OCYll1eCTBIl"TbC"? Bo-nep- BbIX, 3a C4eT npOAa>K" paHee HaKonIleHHO- ro VlMYLl.\eCTB8, H, BO-BTOPbIX, 38 C4eT 38V1- 1 Ecnli1 nplt!HSHb so SHVlMaHVle HaJloroo6Jlo)f{eHVle, TO no OCIi1 a6c- l\VlCC OTKnaAblsaeTCfI pacnOJlarae- Mbl AOXOA (YT), a CPYHKl\VlfI no Tpe6JleHIi1f1 6YAeT 3am1CblsaTbCfI KaK C::; MPC (Y-T). nOKa Mbl a6CT- parli1pyeMcfI OT SJlio1s:1Hio1s:1 Hanaros Ii1 TpaHccpepTOS, It! 6YAeM nOJlb30. saTbCfI cpapMynaC1 C = MPCY 393 
AD inasa 18 C y o y a) cpYHKLlHA nOTpe6I1eHMA 6e3 y...eTa aBTOHOMHblX pacxoAoB Ha nOTpe6neHMe AD c=c+MPCY o 300 400 500 600 700 y 6) CPYHKLlHA nOTpe6neHMA C Y'-IeTOM aBTOHOMHoro nOTpe6neHHA Puc. 18.7. 4>YHK14UR nompe6neHuR 394 M aKP03KOHOMU4eCKoe paaHOBecue: 6a30Bbie Mooenu MOB. nOTpe611eHHe, He3aSHCHMoe OT YPOBHH .Qoxo,qa, Ha3blsaeTCH as- TOHOMHblM nOTpe5IleHHeM. AonYCT"M, B HaweM np"Mepe OHO COCTaBIl"eT BeIl"4"HY 100 A-"IlIl. (P"c. 18.75). C Y4eToM aBToHoMHOro nOTpe6IleH"", o503Ha4aeMoro C , cpopMYIla AIl" onpeAeIleH"" CPYHKl1"" nOTpe6IleH"" np"- H"MaeT B"A: C = C + MPcY (3) B cpopMyne (3), K8K It1 B APyrlt1x cpopMyn8x, npVlcYTcTsytOll.\lIIX B HaCTOs:1Ll.\e rna- se, rOplr130HTanbH8S'1 '-lepra H8,Q CIIIMBOJlOM 03H8'-1aeT 3K302eHHbiu xapaKTep pacxQ- ADe (B A8HHOM cnY4ae, nOTpe61.o1TenbCKlllx pacxo,Qoe). B A8IlbHeil1wlllx rnaBax Mbl 6y- AeM Mcnonb30S8Tb CIt1MBOIlbl C, I, G \t1 NX 663 aToro 3H8K8, He 8Kl\eHTLi1pys:I K8}/{,Qblll1 pa3 BHIt1M8HIt\e H8 3K3oreHHoM xapaKTepe IlIo50ro 1113 KOMnOHeHTOB 8BTOHOMHbiX pac- XOAOB. rpacp"48CK" 3TO 03Ha4aeT, 4TO Il"H"" nOTpe5"TeIlbCK"X paCXOAOB "C- XOA"T He "3 Ha4aIla ace" KOOPA"HaT, a "3 T04K", Ile>Kall1efi Ha OC" OPA"HaT II COOTBeTCTBYfOll1e" ypOBHfO SBTOHOMHoro nOTp86IleH"" (B HaweM np"Me- pe 3TO B8Il"4"Ha 100 AOIlIl.).' Tenepb Mbl MO>KeM onpeAeIl"Tb paBHoBecHbl" ypOB8Hb AOXOAa B ynpo- 1lI8HHO" Ke"HC"aHCKO" MOAeIl" 051l1ero paBHOBeC"". rpacp"4eCK" 3TO MO>K- HO npeACTaB"Tb Ha Y>Ke paccMoTpeHHoM P"c. 18.75. HaM HY>KHO peW"Tb C"- CTSMY "3 ABYX ypaBHeHH": 1) Y= C 2) C = C + MPCY Hanp"Mep, eCIl" MPC = 0,8, a aBTOHOMHoe nOTpe5IleH"e paBHo 100, TO nOIlY4aeM: C = 100 + 0,8 Y. nOCKOIlbKY C = Y, TO, nOACTaB"B BMeCTO C C"MBOIl Y, MO>KeM 3an"CaTb: Y = 100 + 0,8 Y. CIl8AoBaTeIlbHo, paBHoBecHbl" YPOB8Hb AOXOAa COCTaB"T 500 AOIlIl. nepeC84eH"e Il"HH" 45" " rpacp"Ka nOTp85Il8H"" B T04Ke E 03Ha4aeT ypoBeHb Hyn8eoeo c6epe)/(eHUFI. CIleBa .OT 3TO" T04K" MO>KHO Ha5IlfOAaTb 3aWTp"XOBaHHYfO 05IlacTb, OTpa>KafOll1YfO OTp"l1aTeIlbHoe c6epe>KeH"e (T. e. paCXOAbl np8BbiwafOT AOXOAbl - «>K"3Hb B Aonr»), a npaBa - c6epe>KeHL-1e nOIlO>K!.1T8IlbHoe. 'PaBHoBecHe Ha6IllOA88TCH TOIlbKO B TOY- Ks E, TaK KaK TOIlbKO 3AeCb "MeeTC" pa- 'lieHcTBO AOXOAoB " PSCXOAOB. np" ypOB- He AOxoAa, paBHoM, Hanp"Mep, 700 MIlPA., BeIl"4"Ha nOTpe5IleH"" COCTaB"T 100 + (0,8 x 700) = 660. OTpe30K MN - 3TO BeIl"4"Ha c5epe>KeH"". rpacp"K CPYHKl1"" c5epe>KeHH" (P"c. 18.8) nOKa3blBaeT 3aB"C"MOCTb c5epe>Ke- 1 B Haill€M npVlMepe CPYHKl\VlH norpe6neHVls:t !IIMeeT JlVlHelllHbl1ll 8101A, nOCKOJlbKY MPC npltl mo60M ypOBH€ ,QOXO,Q8 nOCTOHHHa. MPC 1113MepHer H8KJlOH CPYHKl.\ H1 no- rpe6n€HVlH. ECJlIt1 >K€ npe,QnoJlo- >KIIITb, 4TO C pocrOM Aoxo,Qa MPC YMeHbwaeTCH, TO rpacplt1K cpYHKLJ,ItIVI norpe6n€HIIIH 6YA8r VlMeTb BorHY- Tbllll BVI,Q no OTHOW€HIo1IO K OCIr1 a6c- 1..\Ir1CC. 395 --
inasa 18 s y Puc. 18.8. tPYHKLI,UR c6epeJKeHUR H"" OT pa3Mepa A xoAa. AIlre5pa"4eCK" Il"H"" C5epe>KeH"" onpeAeIl"eT- c" no cpopMYIle: -C + MPSY. HaKIlOH rpacp"Ka c6epe>KeH"" S onpeAeIl"eTC" np8A8IlbHOH CKIlOHHOCTblO K C68pe>KeHL-11O VI COCTaBIlHeT B H8weM npHM8pe 0,2. np" ypoBHe AoxoAa 700 MIlPA. AOIlIl., KaK Mbl npeAnOIlO>K"Il" np" aHa- Il"3e rpacp"Ka Ha P"c. 18.76, c6epe>KeH"" COCTaB"T: -100 + (700 x 0,2) = 40 MIlPA. AOIlIl. To, 4TO Ha P"c. 18.75 Mbl Ha3BaIlH OTp"l1aTeIlbHbiM c5epe>KeH"eM, Ha- rnHAHO B!.1AHO H8 pL-1C. 18.8: OTpVll.\8T8IlbHbI8 3H848HIr1H S BnIlOTb ,140 TOYKVI nepeCe4eH"" rpacp"Ka c6epe>KeH"" C OCbfO a5Cl1HCC B T04Ke E. ABTOHOM- Hoe nOTpe5IleH"e npeACTaBIleHO KSK OTp"l1aTeIlbHoe c6epe>KeH"e np" HY- neBOM AOXOAe, T. e. -100 AOIlIl. rpacp"K" c5epe>KeH"" " nOTpe5IleH"", no o6pa3HoMY Bblpa}l{eHHIO CaMY3IlbcOH8, - 3TO «CL-18MCK!.18 6IlL-13Hel.\bl». IIITaK, Mbl nOCTpOL-1IlH MOA8Ilb, OTpa>K81OLl.\YIO paBHOB8CHbJVI yposeHb ,140- XOA8 C YY8TOM TOIlbKO OAHOill COCT8BIlHIOLl.\8H - nOTpe6L-1TeIlbCKIr1X P8CXOt:\OB. Ho Mbl 3H8eM, LITO cOBoKynHbl8 P8CXOAbi BKIllOY81OT B ce6s:1 VI APyrL18 KOMno- HeHTbl. npe>K.Qe, Y8M paccMoTpeTb H L-1X B KeVlHcH8HCK0L4 MO,QeIlL-1 MaKp03Ko- HOMHyeCKoro paBHOB8CL-1H, Heo6xOAL-1MO cAen8Tb B8}1{H08 YTOYH8HH8. ,0.0 CVlX nop He 048Hb BHL-1MaT8IlbHOMY YHTaTeIlIO Morno nOKa3aTbCH, 4TO COBoKyn- Hble paCXOAbl, "Il" AD, BcerAa COBnaAafOT C cpaKT"4eCK"MH paCXOAaM" (Y). Ho ce"4ac pe4b "AeT, nOA4epKHeM ell1e pS3, a nIlsHHpyeMblx, "Il" >KeIlse- MblX cOBoKynHblx pacxoAsx (>KeIlSeMOM cOBoKynHoM cnpoce). Apyr"M" CIlOB8M!.1, 3TO T8 P8CXOAbl, KOTopble HaMepeHbf oCYLl.\eCTBIt1Tb OCHOBHbl8 cy6beKTbi 3KOHOM"K". n03TOMY, aHaIl"3"py" nocIleAYfOll1"e rpscp"K", Mbl 5YAeM roBOP"Tb He npOCTO a cOBoKynHblx paCXOAax, a 0 nIlaH"pyeMblx co- BOKynHbix p8CXO,Qax. 3TO Ba>KHO nOTOMY, YTO TeOpeTL-1KO-3KOHOMI-148CK\I1L4 nOAXOt:\ K HCCIleAOBaHHIO cOBoKynHoro cnpoca OTIlHyaeTCH OT nOt:\XOA8, nplt1 H"TOro B Hal1"OHaIlbHOM C4eTOBOACTBe. B rn. 16 np" pSccMOTpeH"" paBeH- CTB8 BBn CYMM8 P8CXOAOB OCHOBHblX Cy6b8KTOB 3KOHOMHKIt1 pe4b WIl8 0 396 MaK p03KoHOMUyeCKOe paBHOBecue: 6a30Bbie MoCJenu - cjJSKT"4eCK" oCYll1eCTBneHHbix pacxoAax ("MeHHO "X " Y4"TbIBaeT CTaT"C- T"Ka). OAHaKo nnaHupyeMble paCXOObl He eceeoa coena081Om C cpaKmu4ec- KUMU. Ha 3TO 06CTO"TeIlbCTBO 5YAeT 05pall1eHO oc060e BH"MaH"e B CIleAY- IOllIeM naparpacpe. t 4. IIIHBeCTII'Il-l1111 11 c6epeJKeHI1f1: npo6neMa paBHOBeCI1f1 Ba}/(HeVlWL-1V1 KOMnOHeHT nIl8HL-1pyeMblx cOBoKynHblx p8CXO- Aoe COCT8BJ1HIOT HHBeCTL-1l!HH. YpOBeHb HHBeCTHl.\!.1111 OKa3bJB8eT CYLl.\eCTBeH- Hoe B03,Qe"CTB"e Ha 05beM Hal1"OHaIlbHoro AOXOAa 051l1eCTBa; OT ero A"Ha- MHK" 5YAeT 3aB"ceTb MHO>KeCTBO MaKponpOnopl1"" B Hal1"OHaIlbHO" 3KOHO- MHKe. Ke"HC"aHCKa" TeOp"" oc050 nOA4epK"BaeT TOT cpaKT, 4TO ypOBeHb HHBeCT"l1"" " ypOBeHb c5epe>KeH"" (T. e. "CT04HHK, "Il" pe3epByap "HBeC- THl1H") onpeAeIl"eTC" BO MHOroM pa3HblM" npOl1eCCaM" " 06CTO"- TeJ1bCTSaM!.1. II1HBecT"l1"" (Kan"TaIlOBIlO>KeH"") B MaCWTs5ax CTpaHbl onpeAeIl"fOT npOl1eCC paCW"peHHoro BOCnpO"3BOACTBa. CTpO"TeIlbCTBO HOBblX npeAnp"- $lTH " , B03BeAeH"e >K"IlbIX AOMOB, npOKIlaAKa Aopor, a, CIleAOBaTeIlbHO, " co3,QaH"e HOBblX pa504"X MeCT 3aB"C"T aT npOl1eCca "HBeCT"pOBaH"", "Il" peanbHoro Kan"TaIl005pa30BaH"". II1CT04H"KOM "HBeCT"l1"" "BMfOTC" c6epe>KeH"". C6epe>KeH"H - 3TO pacnOIl8raeMblll1 ,QOXOA 38 Bbl4eTOM P8CXOAOB H8 IlHLlHoe nOTpe6IleHL1e, T. e. (Y - T) - C. C6epe>KeH"" Mbl onpeAeIl"Il" «OCTaT04HbIM» MeTOAOM, T.e, npeACT8BL-1IlIt1 L-1X K8K OCT8TOK OT TOVI CYMMbl, KOTOp8H OCT8Il8Cb nOCIle ebl4eTa "3 AoxoAa pacxoAoB Ha nOTpe6IleH"e. np"Me4STeIlbHO, 4TO B KIlac- CIIIY8CKOH MOAeIlL-1 3TH 3aB!.1CL-1MOCTIr1 HHble: nOTpe6IleHL1e onpeAeIlHeTCH KaK OCTSTOK aT TO" CYMMbl, "3 KOTOpO" 5b1Il" CAeIlaHbl c6epe>KeH"". np06IleMa 3aKIllOyaeTCfI B TOM, YTO C6epe>K8HV1.A OCYLl.\eCTBIlHIOTCH OAHVlMH X03HHCTBY- 101l1HM" areHTaM", a "HBeCT"l1HH MorYT oCYll1eCTBIl"Tb COBceM APyr"e rpyn- Obi IlHl1, "Il" X03""CTBYfOll1"X cy5beKTOB. TaK, c5epe>KeH"" WHPOK"X CIloeB HaCeJleH"" "BIl"fOTC" "CT04HHKOM "HBeCT"l1"" (Hanp"Mep, c5epe>KeH"" P 504ero, Y4"TeIl", Bpa4a, non"l1e"cKoro " AP.). Ho 3T" IlHl1a He OCYll1e- CTBllHIOT KanIt1TaJ10BIlO}l{eHHs:I, \.1J1V1 HHBeCTHpOB8H\.1f1, CBH38HHOro C pe8Ilb- HblM npHpOCTOM K8nL-1T8IlbHbIX 6nar 06Ll.\eCTB8. Pa3YMeeTCH, Ir1CTOYHVlKOM V1H- l!eCT"l1H" "BIl"fOTC" " HaKonIleH"" CPYHKl1"OH"PYfOll1HX B 061l1eCTBe npo- MbIWIleHHbIX, ceIlbCKOX03""CTBeHHbIX " APyr"x npeAnp"m"". 3AeCb «c6e- p raTeJ1b» \.1 «V1HBeCTOp» COBnaA81OT. OAHaKO pOIlb c6epe}l{eHHH AOMaWHL-1X )(03HHCTB, He "BIl"fOll1"XC" OAHOBpeMeHHO " npeAnp"H"MaTeIlbCK"M" CP"P- MaM", BeCbMa 3Ha4"TeIlbHa, " HeCOBnaAeH"e npOl1eCCOB c5epe>KeH"" " "H- BeCTLo1pOB8HHH BCIleACTBL-1e YK838HHbiX p83I11t14\11111 MO>KeT np\.1BOAL-1Tb 3KOHO- MLo1KY B COCTOHHHe, OTKIlOHHIOLl.\eeCH OT p8BHOB8CL-1H. 397
inasa 18 OT KaK"X >Ke cpaKTOpOB 3SB"C"T nIlSH"PyeMble "HBeCT"l1""? OTMeT"M Ha"50Ilee Ba>KHble "3 H"X. BO-nepBbIX, np0l18CC "HBeCT"pOBaH"" 3aB"C"T aT o)/(uoaeMoii HOpMbl ooxooa npeAnOIlaraeMblX Kan"TaIlOBIlO>KeH"". ECIl" 3Ta ,QOXO,QHOCTb, no MHeH!.11O !.1HB8CTOp8, CIlHWKOM HVl3K8, TO BIlO>K8HHH He 5YAYT OCYll1eCTBIleHbl. BO-BTOpbIX (" 3TO TeCHO CB"3aHO C nepBblM 06CTO"- TeIlbCTBOM), "HBeCTOp np" Bblpa50TKe p8WeH"" BcerAa Y4"TbIBaeT aIlbTep_ HaT"BHbI8 B03MO>KHOCT" Kan"TaIlOBIlO>KeH"" " peWafOl11"M 3AeCb 5YAeT ypoeeHb npOL<eHmHOii cmaeKU (CM. nOAP05Hee B rn. 12). II1HBecTop MO>KeT BIlO>KIr1Tb AeHbrH B CTpOHT8IlbCTBO HOBOro 38BOA8 L-1IlH cPa6pH, K\.1 8 MO}f{eT Ir1 pa3MeCT"Tb CBO" AeHe>KHble pecypCbl B 6aHKe. ECIl" CTaBKa npOl1eHTa OKa3bl- BaeTC" Bblwe O>K"AaeMO" HOpMbl AOXOAa, TO "HBeCT"l1"" He 5YAYT OCYll1eCTB- IleHbl, H, Ha060pOT, 8CIllt1 CT8BK8 npOLJ,8HTa HH>Ke 0>KV1,Q88M0I71 AOXO,QHOCTL-1, npeAnp"H"MaTeIl" 5YAYT OCYll1eCTBIl"Tb npoeKTbl Kan"TaIlOBIlO>KeHH". B-TpeTbIr1X, Ir1HBeCTL-1LJ,HH 38BHCHT OT ypOSHR Hanoaoo6nOJKeHUFI It1 Bo06- Ll.\e H8IlOroBOro KIlHM8T8 B A8HHO CTp8H8 L-1Il!.1 perlr10H8. CIlHWKOM BbICOKV1V1 ypOBeHb HaIloro06IlO>KeH"" He CT"MYIl"PyeT "HBeCT"l1"", XOT" Bonpoc 0 TOM, KaKL-1e CT8SK\.1 H8Ilor8 CYHTaTb BbICOKL-1ML-1 L-1IlIr1 HV13KL-1ML-1, BPHA IlL-1 MO)\{eT 6blTb peweH OAH03Ha4HO pa3 " HaBcerAa (nOAP06Hee 0 np05IleMax HaIlO- r005IlO>KeH"" CM. rn. 22). B-4eTBepTblx, "HBeCT"l1"OHHbl" npOl1ecc pear"PyeT Ha meMnbl UHCP- nRL<UOHHOeo 06eCL<eHeHUR oeHee. B ycnOB""X raIlOn"pYfOll1e" "HCPIl"l1H", Kor,Qa K8IlbKYIls:lLJ,L-1H H3Aep>K8K npeACT8BIlHeT 3HaYHT8IlbHYIO H80np8,Q8JleH- HOCTb, npou,8CCbl p8aIlbHoro K8nL-1T8IlOo6p830B8HL-1H CT8HOBHTCH H8np\.1B- Il8K8TeIlbHbIML-1 It1 CKopee npe,Qn04T8Hlr18 6YA8T OTAaHO cn8KYIlHTHBHbiM one- pal1""M. HaM "3BeCTHO "3 rn. 12, 4TO "HBeCT"l1"" eCTb CPYHKl1"" CTaBK" npOl1eHTa 1= I(r) (4) np"4eM 3Ta CPYHKl1"" y5blBafOll1aR: 4eM BblW8 ypOBeHb npOl1eHTHo" CTSBK", T8M HIt1>Ke ypOB8Hb L-1HB8CTL-1l!HL4. C6epe>K8HL-1s:1, com8CHO KIl8CCIr148CKOVl Teo- p!.1V1, TalOKe 3aBIr1CHT OT npOLJ,8HTHOill CT8BKIt1. P8BHOBeCL-18 Me>K,/J,Y VlHBecn1- l1H"M" " C5epe>K8H""M" onpeAeIl"eTC" 5IlaroAap" r"6KO" npOl1eHTHO" CTaBKe (CM. P"C. 12.7 B rn. 12). Ho, no Ke"Hcy, C5ep8>K8H"" - 3TO CPYHKl1"" AOXOAa, a He npOl1eHTHO" CTaBKIr1: S = S(Y) (5) IIIT8K, L-1HB8CTHl!It1H s:lBIlHIOTCs:I CPYHKl!L-18V1 npOLJ,8HTHOVl CT8BKH, 8 c6epe)/(e. H"" - CPYHKl1H8" AoxOAa. TeM caMblM Ke"HC"SHCKO" KOHl1enl1"e" nOA4ep- KIr1B8eTCH MbICIlb, KOTOpas:l H8MIr1 6blIl8 ccPopMyn\.1pOB8H8 p8Hee: AV1HaMIt1Ka "HBeCT"l1"" " C58pe>KeH"" onp8AeIl"eTC" PS3Il"4HbIM" cpaKTOpaM". B8>KHeL4WIt18 MaKp03KOHOM!.14eCK!.18 nponopl!L-1L-1, OTpa)l(alOLl.\!.1e B38It1MO- AeVlCTBL-18 L-1HB8CTL-1l!1t1 1, C6ep8>K8HItIVI !.1 AOXO,Q8, MO}f{HO npeACT8BL-1Tb CJ18AY- 398 M8 KP03KOHOMUyeCKOe paSHosecue: 6a30Sbie Mooenu - IOIlI"M 05pa30M (a5cTpar"pyeMc" nOKa OT rocYAapcTBeHHblx pacxoAoB " 4"CToro 3KcnopTa): Y = C + I, (6) T. e. Hal1"OHSIlbHbl" AOXOA np" 8ro "CnOIlb30BSH"" paBeH cYMMe pac- XOAoB Ha nOTpe5IleH"e (C) " "HBeCT"l1"" (/). np" 3TOM nOTpe5IleH"e 8CTb cPYHKl1"" AoxoAa, T. e. C = C(Y). C APYro" CTOpOHbl, npO"3BeAeHHbl" Hal1H- oHaIlbHbl" AOXOA MO>KHO npeACTSB"Tb KaK Y = C + S, (7) rAe S - (c6ep8>KeH"e) TSfOKe "BIl"eTC" cpYHKl1"e" AoxoAa (BcnOMH"M 3epKaIlbH08 oT06pa>KeH"e rpacp"KOB CPYHKl1"" nOTpe6IleH"R " c5epe>KeH""), cIleAoBsTeIlbHo, S = SlY). II1TaK, eCIl" C + I = C + S, TO I(r) = S(Y) (8) PaBeHcTBo (8) ell1e pa3 AeMOHCTp"PY8T Ba>KHOCTb C05IlfOA8H"" onp8Ae- IleHHblX nponoPl1"" B 3KOHOM"Ke AIl" paBHOBeC"" Me>KAY cOBoKynHblM cnpocOM " cOBoKynHblM npeAIlO>KeH"eM. Bc" CIlO>KHOCTb np05IleMbi 3aKIlfO- 4aeTCfI B TOM, YTO C6ep8>K8HL-1f1 VI IiIHBeCT!.1LJ,HItI 38BIr1CHT OT p83HbiX cp8KTO- pOB, KaK HeOAHOKpaTHO nOA4epK"BaIlOCb paHee. Tenepb Mbl MO>K8M AaTb rpacp"4eCKOe npeACTaBIl8H"e MaKp03KOHOM"- 4eCKora paBHOBeC"" C Y48TOM "HB8CT"l1"OHHO" CPYHKl1"". Ha P"C 18.9 rpacp"K cOBoKynHblx paCXOAOB npeAcTaBIleH Tenepb He TOl1bKO nOTp8611TeIlbCKJ.1MItI, HO !.1 ItIHB8Cn1LJ,Ir10HHblMH P8CXOA8MH. Mbl BBO- AHM HOBoe nOH"T"e - aBTOHOMHbl8 "HBeCT"l1"" (ij. ABTOHOMHble HHBec- TMLlHH onpeAeIl"IOTCR KaK HHBeCTHLlHH, He 3aBHCRII.IHe aT ypOBHR AO- XOAS H COCTSBIlRlOll1He npH Il1050M era ypOBHe HeK}'1O nOCTO"HHYIO Be- nH'IH!:!}'. MMY aBTOHOMHblX nOTpe "TeIlbCK"X " "HBeCml1"OHHbIX pacxo- AOB (C + I) 0503Ha4"M C"MBOIlOM A. TSK"M 05pS30M, Tenepb Mbl MO>KeM Onp8AeIl"Tb cOBoKynHbl" cnpoc (AD), OTpa>KafOll1"" nIlaH"pyeMble PSCXOAbl, CneAYfOl11"M 05pa30M: AD = A + MPCY (9) Ha P"c. 18.9 rpacp"K nIlaH"pY8MbIX cOBoKynHblx pacxoAoB CAB"rSeTC" 'Bepx H8 B8IlL-14HHY 8BTOHOMHbiX HHBecTV1l!t.1V1. PaCCTOHHL-1e OT 0 ,0.0 AHa OCL-1 OPA"HST cooTBeTcTByeT cYMMapHo" BeIl"4"He SBTOHOMHoro nOTpe5IleH"" " BBTOHOMHblX ItIHBeCTL-1LJ,L-1V1. P8BHOB8CHblL4 ypoBeHb ,QOXOA8 nOBblwaeTCH. E:CIlH paH8e OH COCTaBIl"Il BeIlH4"HY Yo' cooTBeTcTBYfOll1YfO T04Ke E, TO B Pe3YIlbTaTe CAB"ra BBepx rpacp"Ka cOBoKynHblx paCXOAOB OH COCTaB"T Be- nH4HHY Y" COOTBeTCTBYfOll1YfO T04Ke E,. A Tenepb onpeAeIl"M paBHoBecHbl" ypoBeHb AOXOAa, KorAa c6epe>KeH"" L1HBeCnILJ,HIiI HaXOAs:lTCs:I B COCTOs:lHL-1H paBHoB8cHH. T8K\.1M o6pa30M, Mbl AaAIr1M aIlbTepHaTIr1BH08 H306p8>KeHL-1e M8KP03KOHOML-1yeCKOrO p8BHOBeCL-1H 399
Inasa 18 TOBapH -MaTepl-1anbHble 3anaCbl, TaKI-1M 06pa30M, BblcTynalOT KaK 6anaHCI-1_ PYIOLl.II-1I-1 3neMeHT, 4bl-1 1-13MeHeHI-1i'1 npl-1Bo,qi'lT K paBHOBeCHOMY YPOBHIO ,qo- xo,qa. TonbKO npl-1 ero paBHOBeCHOM ypOBHe c6epe)l(eHI-1i'1 COBna,qaIOT C I-1H- BeCTI-1 l-1i'1MI-1. B ycnOBl-1i'1X CTarHl-1pYIOLl.Ielii 3KOHOMI-1KI-1 YPOBeHb npe,qenbHolii CKnOHHOC_ T K nOTpe6neHI-1IO, no KeIiiHCY, HeBbICOK, 1-1 cnpoc He ,qOCTl-1raeT Ben 1-14 I-1H bl 3cj)(peKTI-1BHoro cnpoca. 3<j:1<j:1eKTIIIBHbliil cnpoc - 3TO cOBoKynHbliil cnpo cO TBeTcTBYIOLl.IllliiI cOBoKynHOMY n peAJ10)l(eH III 10, npl-1 3TOM 3<j:J<j:JeKTI-1 : Hbll-1 cnpoc, CO eTaIOLl.II-1IiiCi'I C nonHolii 3aHi'lTOCTblO, comaCHO KeliiHcy, npe,q- CTaBni'leT c0601-1 nl-1Wb 4acTHbliil cnY4aiil. «KeIiiHCl-1aHCKai'l peBOnlO l-1i'1», KaK 4aCTO Ha3blBalOT nepeBopOT B 3KOHOMI-14eCKOlii HaYKe, OCYLl.IeCTBneHHbl1ii Bbl- ,qaIOLl.II-1MCi'I aHml-1liicKI-1M 3KOHOMI-1CTOM, COCTOI-1T B TOM, 4TO 6blno TeOpeTI-1- 4eCKI-1 ?60CHOBaHO nOnO)l(eHl-1e 0 B03MO)l(HOCTI-1 paBHOBeCI-1i'1 B ycnOBl-1i'1X He- nOnHOI-1 3aHi'lTOCTI-1. V1TaK, Mbl Y)I(e 3HaeM, 4TO, ecnl-1 K pacxo,qaM Ha nl-14HOe nOTpe6neHI-1e «,qo- 6aBI-1Tb» I-1HBeCTI-1 I-1I-1, TO rpa<j:J K nOTpe6neHI-1i'1 c,qBI-1HeTCi'I BBepx no BepTI-1Kanl'i Ha paCCTOi'lHl-1e, COOTBeTCTBYIOLl.Iee aBTOHOMHblM I'iHBeCTI-1 l'ii'lM (Pl'ic. 18.11). Tenepb nl-1HI-1i'1 nnaHI'iPyeMblx pacxo,qoB nepece4eT nl-1Hl-11O 45° B T04Ke E. 3TOIii T04Ke 6y,qeT COOTBeTCTBOBaTb 06beM ,qoxo,qa B pa3Mepe Yo' YeM 60nbwe aBTOHOMHble I-1HBeCT I-1I'i, TeM Bblwe no,qHI-1MaeTCi'I rpa<j:JI-1K COBO- KynHbix pacxo,qOB 1-1 TeM 6nl-1)1(e «3aBeTHbllii» ypoBeHb nonHolii 3aHi'lTOCTI'i. Ecnl-1 )l(e rocy,qapcTBo 6y,qeT caMO OCYLl.leCTBni'lTb aBTOHOMHble pacxo,qbl G, TO nl-1HI-1i'1 cOBoKynHbix pacxo,qOB no,qHI-1MeTCi'I eLl.le Bblwe: T04Ka E npl-16nl'i- 31-1naCb K T04Ke F, COOTBeTCTBYIOLl.Ielii ypOBHIO ,qoxo,qa npl'i nonHolii 1 3aH i'lTOC- TI'i Bcex pecypCO B (Y') npl'i6aBI-1B K aBTOHOMHblM pacxo,qaM I'i pacxo,qbl Ha 41-1 Tbllii 3KcnopT (NX)', MbJ 6y,qeM Bce 60nee npl-16nl-1)1(aTbCi'I K ypOBHIO non- HOI'i 3aHi'lTOCTI'i (T04Ka E 2 ). 06Ll.1ai'l l-1,qei'l i'lCHa - Ka>KAOe ,q06aBneHl-1e KaKO- ro-nl-160 3neMeHTa aBTOHOMHblX pacxo,qOB 6y,qeT c,qBl-1raTb BBepx nl'iHl'i1O CO- BOKynHbix pacxo,qOB. V1TaK, C Y4eTOM Bcex 3neMeHTOB aBTOHOMHblX pacxo,qOB B OTKpblTOIii 3KO- HOMI'iKe cOBoKynHbl1ii cnpoc MO)l(HO npe,qCTaBI'iTb KaK AD = C + MPCY + T + G + NX ; nOMHi'I, 4TO MPcY npe,qCTaBni'leT c0601ii <j:JYHK 1'i1O nOTpe6neHl-1i'1, 1-1 4TO CY MMl-1poBaHl'ie Bcex BI'i,qOB aBTOHOMHblX pac- XO,qOB 0603Ha4aeTci'I 6YKBOlii A, nnaHl-1pyeMbl1ii cOBoKynHbl1ii cnpoc MO)l(eT 6blTb npe,qcTaBneH 1-13BeCTHolii HaM <j:JOPMY- nolii (9), T. e. AD = A + MPCY. Pl'ic. 18.11 - Hami'l,qHai'l rpa<j:J1-14eCKai'l I-1nnIOCTpa l-1i'1 Tolii 6naroTBOpHOlii ponl-1 rocy- ,qapcTBeHHblx pacxo,qoB 1-1 cTI-1Mynl-1poBaHI-1i'1 I-1HBeCTI'i 1-11ii B 4aCTHOM ceKTope, KOTOpolii orpoMHoe 3Ha4eHI-1e npl-1,qaBan KeliiHc. HapaLl.lI-1BaHl-1e nlO60ro 1-13 KOMnOHeHTOB 402 1 ASTOHOMHbl171 4L-1CTbJL4 3KcnopT - 3TO TaKoe >Ke ynpOll1eH"e, KaK " 8BTOHOMHbie VlHBeCTIII \IIIi1. Mbl npeAnOIlaraeM, 4TO BeIl"4"Ha 4"- CTOrc 3KcnopTa He 3aB"C"T OT AO- xOAa (Y). 'P"'" M a K p03KOHOMU4eCKoe paeHoeecue: 5a30sble MOaenU - AD I I I I I I I I 0 Yo Y, Y, Y* Y Puc. 18,11. «KeUHcuaHCKUU Kpecm» ii!STOHOMHbIX pacxo,qoB Be,qeT K POCTY Ha 1-10HanbHoro ,qoxo,qa I'i cnoc06- C:;TByeT ,qoCTI'i)l(eHI-1IO nonHolii 3aHi'lTOCTI'i eLl.le 1-1 B cl'iny onpe,qeneHHoro 3<j:J- cjJe KTa , KOTOpbl1ii 1'i3BeCTeH B 3KOHOMI-14eCKOlii TeOp1'i1'i no,q Ha3BaHI-1eM 3<j:J- cjJe KTa MynbTl-1nnl-1KaTOpa, 4eMY 1-1 6y,qeT nOCBi'lLl.IeH O,qI-1H 1-13 cne,qYIOLl.Il-1x naparpa<j:loB. r nO,q4epKHeM eLl.le pa3 pa3n1'i41-1i'1 B KeliiHCl'iaHCKOM I'i HeOKnaCCI-14eCKOM np,qxo,qe K onpe,qeneHI-1IO MaKp03KOHOMI-14ecKoro paBHOBeCl-1i'1. Bo-nepBblx, B l\JlaCCI-14eCKolii Mo,qenl-1 ,qnl'iTenbHai'l 6e3pa60TI-1 a npe,qCTaBni'lnaCb HeB03- f!!IQ)I(Holii. rl-16KOe pearl'ipOBaHl'ie eH I'i CTaBKI-1 npo eHTa BOCCTaHaBnl'iBanO Ha- pyweHHoe paBHOBeCl'ie. B Mo,qenl'i, npe,qnO)l(eHHolii KeIiiHCOM, paBeHCTBO /I'i S MO)l(eT OCYLl.leCTBnmbCi'I 1-1 npl-1 HenonHolii 3aHi'lTOCTI'i. .. BO-BTOPbIX, KnaCCI-14eCKai'l MO,qenb npe,qnonarana CYLl.leCTBOBaHl'ie r1-16- KOrO eHOBOrO MeXaHI-13Ma, OpraHI-14eCKI-1 npl-1cYLl.lero PbIHKY. KeliiHC no,qBepr eOMHeHl-11O 3TOT nocTynaT: npe,qnpI-1HI'iMaTenl-1, CTonKHYBwl-1Cb C na,qeHl-1eM (;npOca Ha CBOIO npo,qYK I'iIO, He CHWKalOm L(eHbl. OHU COKpal.l..(alOm npOU3600- cm60 U Y60nbHRIOm pa6o'lux, OTCIO,qa - 6e3pa60TI'i a CO BCeMI-1 BbITeKalOl1\I-1MI-1 OO l-1anbHO-3KOHOMI-14eCKi-1MI'i KOH<j:JnI-1KTaMI-1, 1-1 «HeBI'i,qI-1Mai'l pYKa» pbIH04HO- ro MeXaHl'i3Ma He MO)l(eT 06eCne41-1Tb cTa6l'inbHYlO nonHYIO 3aHi'lTOCTb. B-TpeTbl-1x, c6epe)l(eHI-1i'1 i'lBni'lIOTCi'I, npe>KAe Bcero, <j:JYHK l-1elii ,qoxo,qa, a He TonbKO ypOBHi'I npo eHTa, KaK YTBep>KAanOCb B TeOp1-11-1 KnaCCI-1KOB. . V1TaK, paBHOBeCl-1e B MacwTa6e o6l1\eCTBa Ha Bcex CBi'l3aHHbIX Me)l(,qy C0601ii pblHKax, T. e. paBeHcTBo Me>KAY cOBoKynHblM cnpocoM 1-1 cOBoKynHblM npe,qnO)l(eHl-1eM Tpe6yeT c06nlO,qeHI-1i'1 paBeHcTBa 06beMoB c6epe)l(eHI-11ii 1-1 IrIHSeCTI-1 I-1Iii. To 06CTOi'lTenbCTBo, 4TO I-1HBeCTI-1 1-11-1 eCTb <j:JYHK I-1i'1 npOL,\eHTa, a c6epe)l(eHI-1i'1 _ <j:JYHK I-1i'1 ,qoxo,qa, ,qenaeT np06neMY HaXO>KAeHI-1H I-1X pa- BeHcTBa BeCbMa cno)l(Holii 3a,qa4elii. 403 .L 26'
'-nasa 18  5. MYIlbTHnm1KaTOp ,QOCIlOBHO MYIlbTL-1nJlL-1K8TOp 03HaY88T «MHO>KHT8Ilb». CYTb 3cpcpeKTa MYIlbT"nIl"KaTOpa COCTO"T B cIleAYfOll1eM: YBeIl"4eH"e Ilf050ro "3 KOMnOHeHTOB aBTOHOMHblX paCXOAOB npL-1BOAV1T K ysem1yeHI.11O H8l!1t10Hanb_ Hor:, AoxOAa 051l1eCTBa, np"4eM Ha BeIl"4"HY 60IlbWYfO, 4eM nepBOHa4aIlb_ Hbl" pOCT paCXOAOB. Bblpa>Ka"Cb 05pa3HO, KaK KaMeHb, 5poweHHbl" B BOAY Bbl3blB8eT KpyrV1 H8 BO,Qe, TaK L-1 aSToHoMHbie paCXO,Qbl, «6POW8HHble» B 3KO HOM"KY, Bbl3blBafOT '1enHYfO peaK'1"fO B B"Ae paCTa AOXOAa " 3aH"TOCT". PaCCMOTpL-1M BIlV1HHL-1e 8BTOHOMHbiX It1HBeCT\.1l!It1J11 H8 pOCT H8'-'L-10HaIlbHoro AoxoAa. TeM caMblM 5YAeT "ccIleAoBaH MYIlbTHnIlHKaTop aBToHoMHblX pacxoAoB. B03bMeM YCIlOBHblH l1"CPPOBO" np"Mep, HIlIlfOCTP"PYfOll1"" CYTb MYIlb- T"nIl"Kal1"OHHOrO 3cpcpeKTa. AonYCT"M, nepBoHa4aIlbHbl" 06beM aBTOHoM- HblX HHBecTV1u,HJII, H8np8sIleHHbix H8 cTpoVlTeIlbcTBo HOBOro MOCT8 p8BeH 1000 AOIlIl. Bce BIlaAeIlbl1bl cpaKTOpOB npO"3BOACTBa, npeAOCTa"BW"e pecypcbl AIl" OpraH"3Sl1"" CTpO"TeIlbCTBs, nOIlY4aT CBO" AOXOA. Hanp"- Mep, pa604"e 48cmb cBoero 3apa50TKS (BbiAeIleHHoe CIlOBO 04eHb Ba>KHol) npeAb"B"T B B"Ae cnpoca Ha pblHKe nOTpe6"TeIlbCK"X TOBapoB, Hanp"Mep, nOKynKa TeIleB"30poB. Apyra" 4aCTb AoxoAa pa604"M" c5eperaeTC". CIle- AOB8TeIlbHo, y K8KL-1X-TO I.1HbJX X03HJIICTBeHHbix 8reHTOB (np0L-13Bo,QL-1TeneVl Te- IleB"30poB) YBeIl"4"TC" "X AeHe>KHbl" AOXOA. 4acTb ero npO"3BOAHTeIl" Te- IleBI.130pOB T810Ke nOTp8TflT H8 nOKynKY nOTpe6V1TeJlbCKV1X TOB8pOB H8np\.1- Mep, aBTOM06"Ile". Apyra >Ke 4aCTb AoxoAa "M" TaK>Ke 6YAeT OTIl>KeHa B BV1,Qe c6epe>KeHHVI. npou,ecc H8YV1H8eT 38XB8TblS8Tb Bce HOBbie V1 HOBbie CIlOV1 H8CeJleHV1H, KOTopble, nOIlYYI.-1B CBOH ,QOXO,Qbl, npeAbHBHT V1X B BV1,Q8 cnpOC8 H8 pblHKe nOTpe6HTeIlbCKL-1X TOBapOB. B03H"KaeT l1enHa" peaKl1"": nepBoHa4anbHbie 1000 AOIlIl. B B"Ae SB- TOHOMHblX I.1HBeCTI.-1'-'HL4 Bbl30SYT pOCT cOBoKynHoro cnpoca It1 ,QOXO,Q8 60Ilee, 4eM HS 1000 AOIlIl., T. e. 1000 AOIlIl. HY>KHO YMHO>K"Tb Ha HeK"" K03CPCP"- l1HeHT. 3TOT K03cpCP"l1"eHT " eCTb MYIlbT"nIl"KaTop. KaK >Ke onpeAeIl"Tb ero? He CIlYY8J11HO 6blIlO BblAeIleHO CIloeo «Y8CTb», KorA8 Mbl roBOpV1IlL-1 0 PScxOAOBaH"" 3apa50THo" nIlSTbl. KaK "3BeCTHO, C np"pOCTOM AOXOAa He BC" ero BeIl"4"Ha pacxoAyeTc", a TOIlbKO 4aCTb. Apyra" >Ke 4aCTb c5epera- eTC". AonYCT"M, 4TO 1000 AOIlIl. nepBoHa4aIlbHbix "HBeCT"l1"" Bbl3Ban" pOCT AOXOAOB. BIlaAeIlbl1bl 3mx AOXOAOB B pa3Mepe 1000 AOIlIl. 4aCTb "3 H"X "3paCXOAYfOT. npeAnOIlO>K"M, 4TO npeAenbHS" CKIlOHHOCTb K nOTpe6Ile- H"fO (MPC) COCTaBIl"eT 0,8. CIleAOBaTeIlbHO, "3 1000 AOIlIl. TOIlb'O 800 AOIlIl. 5YAeT "3PScXOAoBaHo, OCTaIlbHoe 6YAeT c5eperaTbc", T. e. MPS = 0,2. nOcIleAYfOll1"" paCT A6xOAOB np"BeAeT K TOMY, 4TO "3 800 AOIlIl. TO>Ke 6YAeT HanpaBIleHo Il"Wb 80% Ha nOTpe6IleH"e, cIleAoBaTeIlb- HO, np"pOCT Hal1"OHaIlbHoro AoxoAa, "CnOIlb3yeMoro Ha nOTpe6IleH"e, co- CTaB"T 800 x 0,8 = 640 AOIlIl. npol1ecc 5YAeT pacnpocTpaH"TbC" Ha Bce 404  M aKP03KOHOMUyeCKOe pasHosecue: 6a30Sbie Mooenu  !-IOBble \.1 HOBbie CIlOI.1 3KOHOML-148CKIt1X areHTOB. K8KOB )l{e 6Y,QeT pOCT H8l!V1- H 8IlbHoro AoxoAa, Bbl3B8HHblVl nepBOH8l.JaIlbHbIMVI V1HBeCTL-1l!V1HMVI? HY)\{HO a _ CIlO>K"Tb 1000 + 800 + 640 +....... AOIlIl. npeAeIl CYMMbl reOMeTp"4eCKO" nporpecc"", C KOTOpO" Mbl B AaHHOM cIlY4se "MeeM AeIlO, COCTaB"T 5000 AOIl Il . 3TS l1"CPPs nOAC4"TSHS no cpopMYIle: ,'", x 1/(1 - MPC) = ,'" Y, (10) T. e. 1000 x (1 + 0,8 + 0,8 2 + 0,8 3 + 0,8 4 + ...) = = 1000 x 1/(1 - MPC) = 1000 x (1/0,2) = 5000 AOIlIl. BeIl"Y"Ha 1/(1 - MPC) = k (11)  eCTb cpopMYIla MYIlbT"nIl"KaTOpa aBTOHOMHblX pacxoAoB. TaK"M 05pa30M, "HBeCml1"" B 1000 AOIlIl. BbI3BaIl" 5-KpaTHbl" pacT Ha- 4"OHaIlbHoro AoxoAa, "CnOIlb3yeMoro Ha nOTpe5IleH"e. MYIlbT"nIl"KaTOp, K8K 3TO B"AHO"3 CPOPMYIlbl (11), paBeH 5. , MO>KHO CPOPMYIlY MYIlbT"nIl"KaTOpa Bblpa3"Tb " 4epe3 npeAeIlbHYfO pKIlOHHOCTb K c5epe>KeH"fO: k = 1/(1 - MPC) = 1/MPS (12) 4eM Bblwe CKIlOHHOCTb K nOTpe6IleHL-11O V1, COOTBeTCTBeHHO, HV1>Ke CKIlOH- HocTb K c5epe>KeH"fO, TeM 60Ilbwe k " TeM 50Ilbwee YBeIl"4eH"e Hal1"O- .aIlbHoro AOXOAa 6YAeT cOnpOBO>KAaTb nepBoHa4aIlbHbl" np"pOCT "HBeCT"- !!". TaK"M 06pa30M, MYIlbTHnIlHKaTop MO>KHO onpeAeIlHTb KSK OTHowe- ..,e H3MeHeHHfI AOXO,Qa K H3MeHeHHI() 111()6oro H3 KOMnOHeHTOB aBTO- !10MHbIX PSCXOAOB, B AaHHOM cIlY4ae k = I1Y/M nepBoH848IlbHblVl «TOIlYOK», KOTOpbl1l1 ,Q81OT L-1HBeCTL-1l..\It1It1, MO>K8T OCY8- CfSIlflTbCH K8K Y8CTHbtM ceKTopOM, TaK 14 rocYAapcTBoM. npIt1Mel.J8TeIlbHo, yO Ke"Hc OTBOA"T oc06yfO pOIlb rocYAapcTBY B CT"MYIl"pOBaH"" cOBoKyn- H.Qro cnpoc8. B era TeOp8TIt1yeCKIt1X nOCTpOeHIt1HX It1HSeCTV1L.1,It10HHble np08KTbi peaIl"3YfOTC B B"Ae OpraH"3al1"" 051l1eCTBeHHbix pa60T - CTpO"TeIlbCTBo gopor, MOCTOB, nIlOT"H " T. n. n04eMY "MeHHO B TaKO" cpopMe AOIl>KHbl oCY- L4ecTBIlHTbCH roCYA8PCTB8HHbl8 L-1HBeCTL-1l!L-1L-1, a He B BL-1Ae CTp0L-1TeIlbCTB8 BOAOB " cpa6p"K - nO"CH"M AaIlee. , Ke"HC"aHCK"e pel1embl CT"MYIl"pOBaH"" "HBeCT"l1"OHHOro npOl1eCca 9 MHOroM nOCIlY>K"Il" OCHOBO" «HOBOro Kypca» PY3BeIlbTa, KorAa B CWA " I'\Pyr"x CTpaHSX CB"penCTBOBSIla BeIl"Ka" AenpeCC"". W"pOKOe OCY- !MecTBIleH"e 051l1eCTBeHHbiX pa60T, cp"HaHC"PyeMoe roCYAapCTBOM (CTpO- TeIlbCTBO nIlOT"H, Aopor " T. A.) B Te roAbl - "pKa" "IlIlfOCTpal1"" nOIl"T"K" roCYAapCTBeHHblx pacxoAoB AIl" nOMep>KaH"" BblCOKOro ypOBH" "HBeCT"l1"" tHa'-'V1oH8IlbHoro ,QOXOA8, 8 TOYHee, CTpeMIleHL-1H BblBeCTIt1 3KOHOMVlKY \.13 COCTo"H"" 3SCTO" " Aenpecc"" C BbICOK"M ypOBHeM 5e3pa60T"l1bl. L1 BOT Tenepb MO>KHO OTBeT"Tb Ha Bonpoc, n04eMY rOCYAapCTBO OpraH"- 3OBbiBaIlO "MeHHO 051l1eCTBeHHbie pa50Tbl, a He CTpO"TeIlbCTBO, Hanp"Mep, 405 
inasa 18 TpaKTopHoro 3aBOAa "Il" Me6eIlbHO" cpa5p"K". B YCIlOB""X n8penpO"3BOA_ CTBa TOBapOB, cOnpOBO>KAaBwero BeIl"KYfO AenpeCC"fO, Ba>KHO 5blnO co- 3A8Tb AOnOIlHVlTeIlbHbl1ll nIl8TeWeCnoc06HblL4 cnpoc V1 COKp8TL-1Tb 6e3pa6oTV1_ l1Y, a He Bbl5paCblBaTb Ha pblHOK HOBbie napT"" TOBapOB. TaK, CTpO"TeIlbCTBO MOCT8 It1IlV1 nIlOH1Hbl 06eCneYV1T nplt1pOCT ,qeHe>KHbIX AOXOAOB 38HHTbIX, HO He A06aB"T Il"WHfOfO Maccy TOBapOB B 051l1YfO «KY4Y» HepscnpOAaHHblX TOBap_ HblX 38n8coB. Ba>KHO OTMeT"Tb, 4TO paCCMOTpeHHbl" 3cpcpeKT MYIlbT"nIl"KaTOpa - 3TO 3CPCP8KT KpaTKOcp04HOro 3KOHOM"4ecKoro paBHOBeC"". AIl" 3TOro 3cpcpeKTa He It1MeeT 3H848HIt1H, 6YAeT IlV1 nepBOH84aIlbHas:r CYMMa It1HB8CTL-1LJ,It1V1 «\.1C- nOIlb30B8H8 A1lH C03A8HIt1H YIlbTp8coBpeMeHHbix MaWL-1H 1t1J11t1 we AIlH onJ1a- Tbl A8"TeIlbHocm IlfOAe", 3SH"TbIX pblTbeM " nOCIleAYfOll1"M 3aKanbIBaH"_ eM s:rM».1 Ao HaCTO"ll1ero MOMeHTa Mbl paCCMaTp"BaIl" 3cpcpeKT MYIlbT"nn"- K8TOp8, CBH38HHblll1 C pOCTOM cOBoKynHblx P8CXOAOB. OAH8KO nepBOHaY8Ilb- Hble V1HBeCTIr1l!1t11t1 B03AeVlCTBYlOT It1 H8 06beM 38HHTOCT\.1. 3,qeCb MO>KHO 38- MemTb, 4TO Bo061l1e np"Hl1"n MYIlbT"nIl"KaTOpa 5blIl BnepBble On"CaH aHrn""CK"M 3KOHOM"CTOM P"4apAOM KaHOM B 1931 r., ell1e AO BblXOAS B CBeT pa50Tbi Ke"Hca «051l1a" TeOp"" 3SH"TOCT", npOl1eHTa " AeHen>. p. K8H VlccIleAOBaIl, K8K nepBOH848IlbHbie It1HBeCTV1L.J,It1It1, yaeIlIt1l.JIt1B8H ,qoxo- ,qbl L-1 c03AaB8H 38HflTOCTb B K8KOM-J1L-160 ceKTope 3KOHOMIt1KL-1, cnoco6CTBY- fOT BTOP"4HO" 3aH"TOCT" B OTpaCIl"X "Il" ccpepax npO"3BOACTBa, KOTOpble C03A81OT TOB8pbl nOTpe6L-1TeIlbcKoro Ha3H84eHL-1H. B HaweM npL-1Mepe nep- B"4Ha" 3aH"TOCTb c03AaIla, Hanp"Mep, AOXOAbl pa504"X, KOTOpbl8 np"06- peIl" TeIleB"30pbl. POCT cnpocs Ha 3TOT TOBap n05YA"T npO"3BOA"TeIle" Te- IleB"30pOB paCW"p"Tb npO"3BOACTBO, 3aKynaTb 050PYAOBaH"e, HaH"MaTb HO- BbtX p860YV1X. T8KItIM 06P830M, nepBOH8l.J8IlbHble \.1HBeCH1LJ,\.1V1 A810T TOnY OK paCW"peHHOMY BOCnpO"3BOACTBY, nopO>KAa" HOBbie "HBeCT"l1"", HOBbie pa- 60YL-1e MeCTa VI YBem-14V1B8H B LJ,eIlOM H8LJ,It10H8J1bHbIVl AOXOA. 3cpcpeKT MYIlbT"nIl"KaTOpa rpacp"48CK" BbIrIlRA"T, KaK nOKa3aHO Ha P"C. 18.12. nepBOHaY8IlbHO pasHoBecHblVi ypOBeHb ,qOX0t:L8 COCTaBIlHeT Yo. Ecnlt1 me B pe3YIlbT8Te I.1HBeCTIt1u,liIoHHO TOIlYK8 JlL-1HV1H I nOAIt1M8eTCH BBepx, H8 paCCTO"H"e, paBH08 oTpe3KY 01, TO nepeC84eH"e S " I npO"30"AeT B T04K8 E" a ypOBeHb pHoBecHoro AoxOAa 5YAeT paBeH Y,. OTpe30K Yo Y, npeBbl- waeT OTpe30K 01. 3TO 03Ha4aeT, 4TO YBeIlH48H"e "HBeCT"l1"" np"BoA"T , 50IlbweMY YBeIl"4eH"fO AOXOAa. AonYCT"M, aBTOHOMHble "HB8CT"l1"" (10 MIlPA. AOIlIl.) np"BeIl" , YBeIl"4eH"fO AOXOAa He Ha 10, S Ha 50 MIlPA. AOIlIl. np" 3TOM 04eB"AHO, 4TO k = 5. <PopMYIla  Y = T x k B AaHHOM 406 1 CTOJleplO fl. PaBHOBeClt18 It1 3KOHOMIt14eCKJI1iii pacT. M., 1974. C.80.  M aKP03KOHOMU4eCKoe pasHosecue: 6a30sble Mooenu - 5,I 5 E, 1 Y, Y PUC. 18.12. 3cPcPeKm MynbmunnuKamopa np"Mepe 03Ha4aeT: 50 = 10 x 5. MYIlbT"nIl"KaTOp paBeH 5, nOCKIlbKY MPS.:. KaK Mbl npeAnOIlaraIl" paHee B HaW"X np"MepSX, pSBHa 0,2 (k - 1/MPS - 1/0,2 = 5). YeM 50Ilbwe BeIl"4"Ha MPS, TeM KpY4e Il"HH" S " T8M MeHbwe MYIlbT"nIl"KaTop. rpacp"4eCK" 3cpcpeKT MYIlbT"nIl"KaTOpa _MO>KHO npoAeMoH- trPVlPOB8Tb V1 Ha MOAeIlIt1 «KeVlHCIt18HCKL-1V1 KpeCT»: Ka>Kp,blL-1 p83 CAslt1r BBepx !la onpeAeIleHHYfO B8Il"4"HY Il"H"" nIlaH"PyeMblx pacxoAoB cOnpOBO>KAS- .erCH 60IlbWVlM YBenw"leH\.1eM AOXO,Q8. MYIlbT"nIl"KSl1"OHHble 3cpcpeKTbl, KaK OTMe4aIlOCb Bblwe, MO>KeT Bb13- I!8Tb Il1060Vl L-13 KOMnOHeHTOB, 1t13M8Hs:rIO11111 BeIl\.1YIt1HY 8BTOHOMHbiX p8CXO- A9 B . n03TOMY MO>KHO roBOP"Tb 0 MYIlbmnIl"KaTOpe rocYAapcTBeHHbx pac- XOAOB, HaIloroBoM MYIlbT"nIl"KaTOpe (noAP05Hee a H"X pe4b nO"AeT B rn. 22), MYIlbT"nIl"KaTOpe BHewHe" TOproBIl" " T. A. Bem.1YIt1H8 MYIlbTL-1nflL-1KaTOpa 6YAeT 3aBIt1CeTb V1 OT TaK H83blBa8MbiX «YTe4eK» B KPyro050poTe AOXOAOB " pacxoAoB. nO"CH"M 3TOT MOMeHT nOA- ,p05Hee. YTO npeACTaBIl"fOT c050" c6epe>KeH""? He 4TO "HOe, KaK cBoe05- pa3Hbie «YTe4KIt1», nOTOMY YTO c6ep8raeMbie AeH8>KHble CYMMbl He YLJ8CTBY- .,lQT B Kpyro060poTe ,l10XOAOB L-1 P8CXOAOB. «YTeLJK8MIt1» HBIlHIOTCs:r V1 H8IlorV1 Ct). To >Ke caMoe MO>KHO CKa3aTb " a pacxoAax HS 3aKynKY "MnOpTHbIX TO- BapoB (M) nOTOMY 4TO OH" He yyaCTBYfOT B KPyro060pOT8 AOXOAOB " pac- .XOAOB, C83aHHbIX C np0V13BOACTBOM 1.1 pe8m138l!lt1el:1 OTeLJeCTBeHHblX TOB8- :P'QB. 4eM 60flbwe BeIlVlLJIt1H8 «YTeLJeK», TeM MeHbwe 3H8l.JeHlt1e MYIlbTIr1- nIl"KaTopa. : . Ho «YTeYKL-1» KOMn8HCI.1pYlOTCs:I «VlH"beKLH.1JtMH». nOCIleAHV18 npeACT8B- nRIOT c050" "HBeCml1"" (I), roCYAapCTBeHHble paCXOAbl (G), paCXOAbl 3a- 'PaHHl1bl Ha 3aKynKY OT848CTBeHHbiX TOBapOB (X), T. e. 3KcnopT. «II1HbeKl1""» .i.;3TO AonOIlHV1TeIlbHble KOMnOHeHTbl P8CXOAOB (,QonOIlHeHL-1e K nOTpe6\.1- .JenbcKVlM paCXOA8M). B p8BHOBeCHOM COCTOHHL-1\.1 3KOHOM\.1KVI «YTel.JKIr1» paB- Hbl «"HbeKl1""M»: S = I, T = G, M = X. nOKa>KeM, KaK paCXOAbl Ha "MnOpT YMeHbwafOT B8Il"4HHY MYIlbT"nIl"- KaTopa. ECIl" pe4b "A8T 05 OTKpbITO" 3KOHOM"Ke, TO CTpSHa KaK 3KCnOpT"- PyeT, TaK " "MnOpT"PyeT TOBapbl. BB8AeM HOB08 nOH"me - npeAeIlbHa" 407 ., ..... . 
Inasa 18 CKIlOHHOCTb K HMnOpTY (MPM), T. e. OTHOWeH"e f'o.M/A Y. ECIl" npeAeIlbHaR CKJlOHHOCTb K I.1MnOpTY COCTaB11HeT, H8np\.1Mep, 0,1, TO MYIlbTVlnm1KaTOp as- TOHOMHblX paCXOAOB COCTaBHT BeIl"4"HY 11(MPS + MPM) = 1/(0,2 + 0,1) = 3,33. nOAP06Hee a MynbT"nIl"KaTOpe aBTOHOMHblX pacxoAoB B OTKpbITO" 3KOHOM"Ke pe4b nO"AeT B rn. 28. 3cpcpeKT MYIlbTHnIl"KSTOpa Ae"cTByeT He TOIlbKO B CTOPOHY nOBblweH" ypOBH" AOXOAa. COKpall1eH"e Ilf050ro "3 KOMnOHeHTOB aBTOHOMHblX pacxo- AOB 6YAeT BeCTH K KpaTHOMY COKpall1eHHfO AOXOAa " 3aH"TOcm.  6. IIIHc:pmlL-I110HHbllii 11 .qec:pmlL-I110HHbllii (peLleccl1oHHbllil) pa3pblBbi TeOpeT"yeCK" KOHl1enl1"" MYIlbTHnIl"KaTOpa nOMoraeT rny6- >Ke YflCH\.1Tb np06IleMbi p8BHOBeCVlH, CBH38HHbie C COOTBeTCTBlo1eM Me>KAY HHBeCTHl1""M" " c6epe>KeHH"MH. np" 3TOM Ba>KHO ell1e pa3 nOA4epKHYTb, '-ITO MYIlbTlllnJl\.1K8TOp Aea71cTByeT K8K B pe>KHMe paCWHpeHVlH, T8K VI C>K8n1s:1 H811,1.10H8IlbHOro AOXOA8, B 38BHC\.1MOCTH OT p8CWVlpeHHH J.1IlH C>K8T\.1H mo60- ro "3 KOMnOHeHTOB cOBoKynHblx paCXOAOB. OTCYTCTBHe paBHOBeC"" Me>KAY nIlaHHpyeMblM" "HBeCT"l1""M" " c5epe>KeH""MH MO>KeT npHBeCT" K ABYM OTpHl1aTeIlbHblM AIl" CPYHKl1"OH"pOBaH"" 3KOHOM"K" 3cpcpeKTaM: 1) "HCPIl"- l1"OHHOMY pa3pblBY H 2) AecpIl"l1"OHHOMY (pel1eCCHoHHOMY) pa3pblBY. nepBbl" cIlY4a HacTynaeT TorAa, KorAa I > S, T. e. nIlaHHpyeMble "HBe- CTVlL\I.1J.1 npeBblw810T c6epe>KeHV1H, coomsemcmsYIOl1..lue yp08HIO nOflHOU 38- HRmocmu. 3TO 03H8'-1aeT, YTO npe,QIlO>KeHV1e c6epe>KeHVlVI OTCT8eT OT VlHBec- T\.1l1,HOHHbIX nOTpe6HocTea71. nOCKOIlbKY pe8IlbHbiX B03MO>KHOcTea71 YBeIlVlye- HJ.1H J.1HBeCTL-1L\Vla71 npH AOCTVlrHYToVi nOIlHoa71 38HHTOCTH HeT, nOCToIlbKY p83- Mepbl cOBoKynHoro npeAIlO>KeH"" BblpaCT" He MorYT. HaceIleHHe Bce 50IlbWYfO 4aCTb AOXOAa HanpaBIl"eT Ha nOTpe5IleHHe. Cnpoc Ha TOBapbl " YCIlyrH paCTeT, a B CHIlY 3cpcpeKTa MYIlbT"nIl"Kal1"" HapaCTafOl11"" cnpoc AaB"T Ha l1eHbl B CTOPOHY "X "HCPIl"l1"OHHOro nOBbIWeH"". BTOpO" CIlY4a" HacTynaeT TorAa, KorAa S > I, T e. c6epe>KeH"", COOT- BeTCTBY fO l11M ypOBHfO nOIlHO" 3aH"TOCT", npeBblwafOT nOTpe6HOCT" B "H- BeCTHpOBaHH". B 3TO" C"TYSl1"" TeKYll1He paCXOAbl Ha TOBapbl H YCIlyr" HH3K"e, BeAb HaCeIleH"e npeAn04"TaeT 50IlbWYfO 4aCTb AoxOAa c5eperaTb. 3TO conpOBO)f{A8eTCH cn8,QOM npOMblwIleHHoro npOH3BOACTB8 VI nOHH>KeH\.1- eM YPOBH" 3aH"TOCT". A BCTynafOl11H" B C"IlY 3cpcpeKT MYIlbT"nIlHK a l1 H " np"BeAeT K TOMY, 4TO cOKpall1eH"e 3aH"TOCT" B TO" "Il" "HO" ccpepe npo- \.13BOACTsa n0811e'-leT 38 co60Vl BTOpV1'-1HOe VI nocIle,QYIOLl.\ee COKp8ll..\eHVle 38- HHTOCTI.1 1.1 AoxoAOB B 3KoHOMHKe CTp8Hbi. 3cpcpeKTbi "HCPIl"l1HOHHOro " AecpIl"l1"OHHOro pa3pblBa IlerKO MorYT 5blTb npeAcTaBIleHbl rpacpH4eCK". Ho npeABapHTeIlbHO AaA"M ell1e OAHY "H- 408 , MaKp03KOHOMUyeCKOe paSHosecue: 6a30Bbie Modenu AD,AS I I I 1 1 I 0 Yo V; Y Puc. 18.13. HHcjJnRlI,UOHHblU U decpnRu,uoHHblU pa3pbl6bl Tspnp eTa '1"fO paBHOBeC"" Me>KAY cOBoKynHblM cnpocoM " cOBoKynHblM i!peAIlO>KeH"eM (CM. pHC. 18.13). .., 4TO T8Koe cOBoKynHoe npeAIlO>KeHlo1e? 3TO He YTO Io1Hoe, K8K Vl3BeCTHaH 'e HaM Il"H"" 45°.0Ha AeMOHCTp"pyeT cOBnaAeH"e cpaKm4eCK"X pacxo- 'AOB (BblnYCKa) " nIlaH"pyeMblx paCXOAOB. Mbl "CXOA"M "3 Taro, 4TO Hal1H- iR'ttaIlbHbl" AOXOA paBeH BeIlH4"He Hal1"OHaIlbHoro npoAYKTa (BBn),  'iAOCIleAH"" - 3TO " eCTb cOBoKynHoe npeAIlO>KeH"e (AS). COBoKynHbl" c:npoc (AD) - 3TO TaK>Ke "3BeCTHa" HaM IlHH"" cOBoKynHblx nIlaH"pyeMblx paCXOAOB. T04Ka E, T. e. nepeCe4eH"e cOBoKynHoro cnpoca H cOBoKyn- HOro npeAIlO>KeHH" H nOKa>KeT HSM ypOBeHb paBHOBeC"" Hal1"OHaIlbHoro ApXOAa - BeIl"4"HY Yo' . np05IleMa 3aKIlf04aeTC" B TOM, 4TO ypOBeHb nOIlHO" 3aH"TOCT" (YO), KaK HeOAHOKpaTHO nOA4epKHBaIlOCb paHee, He 06"3aTeIlbHO cOBnaAaeT C ypOB-  ',IHeM p8BHOBeCL-1R Yo. OH MO)/{eT H8XOAVlTbCR K8K CIlea8, T8K VI cnp8B8 OT "'1'b4KH E. I, '. KorA8 ypOBeHb ,QOXOA8, COOTBeTCTBYIOHVI nOIlHoa71 38HHTOCT\.1, COCT8B- r:hReT Y* , cOBoKynHbta71 cnpoc npeBblwaeT cOBoKynH08 npeAIlO>KeH\.1e. CK06- ;!'KO nOKk3aH "HCPIl"l1"OHHbl" pa3pblB (II1.P.). KorAa >Ke AOXOA, cOCTaBIl"fO- '.iII BeIlH4"HY Y02' npeBOCXOA"T ypOBeHb paBHOBeC"" Yo' cOBoKynHoe \ ;npe,qnO>KeH"e 5YAeT 60Ilbwe cOBoKynHoro cnpoca - CK05KO" nOKa3aH Aecp- , :I1JUjHOHHbl" (pel1eCCHOHHbl") pa3pblB (A.P.). . 111, HaKOHel1, Ba>KHO nOA4epKHYTb, 4TO 3cpcpeKT MYIlbT"nIlHKaTopa MO>KeT npORB"Tb ce5" He Bo051l1e, B a5CTpaKTHO B3"TO" 3KOHOM"Ke pblH04HOro XO- 3StcTBa, a IlHWb B YCIlOB\.1RX 3KOHOMHKH HenoIlHoa71 38HHTOCTH. TaKoa71 Bbl- BoA He Ka>KeTC" HeO>K"AaHHbIM. Ae"CTB"T8IlbHO, eCIlH Bce pecypCbl 051l1e- CTea 3SAe"CTBOBaHbl nOIlHOCTbfO, TO OT'YAa >Ke 6YAYT 4epnaTbC" AOnOIlH"- TeIlbHbie pa504"e PYK" " npO"3BOACTBeHHble MOll1HOCT"? B 3KOHOM"Ke, . AOCTrwe" ypOBH" nOTeHl1"aIlbHoro BblnYCKa, 3cpcpeKT MYIlbmnIl"KaTOpa He . CiMO>KeT pa50TaTb Ha AaIlbHe"wee paCWHpeH"e AOXOAa, a BbIIlbeTC" Il"Wb 409 L 
inasa 18 B nOBblWeH"e 061l1ero YPOBH" l1eH, T. e. "HCPIl"l1"fO. 3TOT np"Mep roBOP"T H8M 0 TOM, YTO npVl 8H8IlL-138 MYIlbTVlnJ1L-1Kal.\\.10HHbIX 3cpcpeKTOB OyeHb B8)K- HO 3HaTb, Ha K8KOM H3 OTpe3KOB Kp\.1BOIi1 cOBoKynHoro npeAIlmKeHVls:I CPYHK- l!HOHL-1pyeT 3KOHOMVlK8 - KeVlHCHaHCKOM VlIl\.1 KIlaCCV1yeCKOM.  7. napaAOKC 6epe>KI1I1BOCnt TpaAL-1l!HOHHbIVi B3fJ1s:1A KJ18CCL-1yeCKOVI T80pL-1V1 H8 npOl!8CCbl c6epe)/{eHI.1H L-1 Ir1HBeCTVlpOB8H\.1H nO,QYepKV1BaeT 6Il8roTBOpHOCTb BblCOKVlX c5epe>KeH"". BeAb 4eM Bblwe c6epe>KeH"", TeM rny5>Ke «pe3epByap», OT- KY,Q8 Yepn810TCH 1.1 H BeCTHLI\.1 \.1. n03TOMY BblCOK8H CKIlOHHOCTb K c6epe>KeHVI- HM, no norHK8 KIl8CCL-1yeCKOVI WKonbl, AOfl>KH8 cnoc06CTBOBaTb POCTY L-1HBe- CT"l1"", AOXOAa " npOl1BeTaH"fO Hal1H". B3rn"A Ha 3TY np05neMY, CCPOPMYIl"pOBaHHbl" Ke"HCOM, CYll1eCTBeH- HbJM 06pa30M OTIlVlyaeTCH OT KIlaCCHyeCKOVI Tp8KTOBKH. KeVlHC npl.1wen K BbIBOAY, 4TO B CTpaHax, AOCTHrWJ.1X BblCOKOVI CT8AVI\.1 3KOHOMHyeCKoro pa3 BVlTVlH, CTpeMneH\.1e c6eperaTb 6Y,QeT Bcer,Qa Onepe>K8Tb CTpeMneHHe L-1HBe- cmpOBaTb. 3TO npOHCXOA"T no CIleAYfOll1"M np"4HHaM. Bo-nepBbIX, C pOC- TOM HaKOnIleHL-1H K8nHT8Jl8 CHL-1>K8eTCH npe,QeIlbH8H 3cpcpeKTIt1BHOCTb era CPYHKl1"OH"pOBaH"", TaK KaK Bce 60Ilee " 50Ilee CY>KaeTC" Kpyr aIlbTepHa- THBHblX B03MO)f{HOCTeLil BblCOKO npH6bfIlbHbiX KanHT8flOBIlO>KeHa.1V1. BO-BTO- pblX, C pOCTOM AOXOAOB B "HAYCTp"anbHO pa3B"Tb1X CTpaHax 5YAeT YBeIlH- 41.1SaTbCH AOIls:l c6epe>KeHHVI - ,QOCT8TOYHO BcnOMHVlTb, YTO 8 eCTb cpYHKl!L-1s:1 Y, \.1 38B\.1CIt1MOCTb 3T8 nOIlO>KL-1TeIlbHa. nOyeMY >Ke H8paV1B8HVle c6epe)/{e- H"" He CAeIlaeT 051l1eCTBO 50ra4e? OTBeT COCTO\.1T B CIleAYIOLl.\eM. YBeIlYl4eHV1e c6epe)/{eHVlVI 03H8yaeT CO- KpSll1eH"e paCXOAOB Ha nOTpe5IleH"e. 3TO, B CBOfO 04epeAb, Bbl30BeT co- Kpall1eH"e cOBoKynHoro cnpoca H 05beMa peaIl"30BaHHoro BBn. B C"IlY 3cpcpeKTa MYIlbT"nIl"KaTOpa npO"30"AeT COKpall1eH"e AOXOAa Ha BeIl"4"HY 60IlbWYfO, He>KeIlH nepBOHa4aIlbHoe YBeIl"yeH"e c5epe>KeH"". Hs P"c. 18.14 B"AHO, 4TO rpacp"K c6epe>KeH"" CAB"raeTC" BBepx, "3 nOIlO>KeH"" S B nOIlO>KeHV1e 8 1 , ECIlH p8Hee p8BHOBeCa.1e YCT8H8BIlHB8IlOCb B TOYKe E npVl 3H84eHVlVI AOXO,Q8 Yo' TO Tenepb p8SHOBeC\.1e YCTaHOBVlTCH B T04Ke E 1 npVl 3H84eH\.1\.1 Y 1 " «napaAOKC 6epel1HBOCTH» 03HaYae YTO YBel1HyeHMe c5epe>KeHHH npHBOAHT K YMeHbweHHIO AOXOAS. CIleAyeT 38MeT\.1Tb, YTO npV1Mep C «n8p8AOKCOM 6epe>KJlHBOCTIr1» Mbl p8CCM8TpHBaIl\.1 npV1 AonY148HHV1 06 8BTOHOMHbiX VlHBeCTHl!a.1HX, T. 8. K8nlr1- T8IlOBIlO>KeHIr1HX, H838BV1CHMbIX OT 06beMa H ,QV1HaMVlKI.1 H8l.\1.10H8IlbHoro AO. XOAa. OAH8KO 8BTOHOMHbie \.1HBeCTVll!HJ.1, OCYLl.\eCTBneHHbI8 B BH,Qe nepBOHa- 4aIlbHO" «HHbeKl1""», BCIleACTB"e 3cpcpeKTa MYIlbT"nIl"'aTOpa np"BeAyT K POCTY Hal1"OHaIlbHoro AoxoAa. 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