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 productive expenditure. Show all posts
Showing posts with label productive expenditure. Show all posts
Sunday, November 29, 2020

Capitalists as a Class Reduce Profits and Raise Wages

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If capitalists did not exist, profits would equal 100% of sales revenue and an infinite percentage of zero capital invested. For proof, see ...
Tuesday, September 08, 2020

In Aggregate Economic Accounting Most Spending Is Not Consumption but Is Concealed under Net Investment

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Attention: all economics students. Perhaps the most prominent equation in macroeconomics is that national income (essentially the sum of pro...
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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