Excerpt from The Fallacy of Saving: A Study in Economics
The following essay is an expansion of one written several years ago, and recently read to the Political Economy Circle of the National Liberal Club. The character of the criticism it then met with from some of the most competent members removed any hesita tion I might formerly have felt as to the chance of my being right in an argument which will strike most readers at first sight as a strange paradox, and which runs counter not only to the standard authorities, but to the views of many of the younger economists who are supposed to have thrown off the old orthodoxy.
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Paperback. Condizione: New. Print on Demand. This eye-opening and illuminating book argues that the age-old economic teaching that everyone should save a lot of money from their income is false. In fact, if everyone did this, it would actually harm the economy as a whole, and not just those who don't save much or at all. The author supports this claim by explaining concepts such as capital accumulation and the physiology of industry. After an examination of past economic fallacies and the unsustainable assumptions they're based on, this book's rational and persuasive economic analysis builds into a call for a new path forward. The wisdom presented is an important corrective to the economic ills of our time. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Codice articolo 9781451000825_0
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Kartoniert / Broschiert. Condizione: New. KlappentextrnrnExcerpt from The Fallacy of Saving: A Study in EconomicsThe following essay is an expansion of one written several years ago, and recently read to the Political Economy Circle of the National Liberal Club. The character of. Codice articolo 2148623304
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