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.

2 comments: