As I explain in my book, Foundations of Economics, capital accumulation is one of the chief sources of economic expansion and development. We can't fulfill the cultural mandate without it.
Monday, September 3, 2012
Labor Day
On Labor Day two years ago, I asked the question, "Why not Capital Day?" The question is still a good one--increasingly so given that it appears that capital accumulation has slowed significantly since 2008.
As I explain in my book, Foundations of Economics, capital accumulation is one of the chief sources of economic expansion and development. We can't fulfill the cultural mandate without it.
As I explain in my book, Foundations of Economics, capital accumulation is one of the chief sources of economic expansion and development. We can't fulfill the cultural mandate without it.
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What a scary graph! The negative spike is especially frightening.
ReplyDeleteIndeed!
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