George Reisman's Blog on Economics, Politics, Society, and Culture

This blog is a commentary on contemporary business, politics, economics, society, and culture, based on the values of Reason, Rational Self-Interest, and Laissez-Faire Capitalism. Its intellectual foundations are Ayn Rand's philosophy of Objectivism and the theory of the Austrian and British Classical schools of economics as expressed in the writings of Mises, Böhm-Bawerk, Menger, Ricardo, Smith, James and John Stuart Mill, Bastiat, and Hazlitt, and in my own writings.

Showing posts with label depreciation. Show all posts
Showing posts with label depreciation. Show all posts
Wednesday, February 13, 2008

Standing Keynesian GDP on Its Head: Saving Not Consumption as the Main Source of Spending

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[This article is based on a portion of Chapter 15 of the author's Capitalism: A Treatise on Economics .] According to the prevailing Key...
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