The Fallacy of Saving, a Study in Economics (Classic Reprint) - Couverture souple

Rolfe, William Shakespeare William James

9781451000825: The Fallacy of Saving, a Study in Economics (Classic Reprint)

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ISBN 10 : 1451000820 ISBN 13 : 9781451000825

Editeur : Forgotten Books, 2018

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Thrift isn’t the whole story behind national prosperity. This study argues that saving, as a blanket path to wealth, is a fallacy that distorts how economies actually grow.

The book examines the long-running debate about capital, production, and demand. It traces how major thinkers have defined capital, from money and credit to tangible plant and goods, and why those definitions can mislead policy. It challenges popular ideas that saving automatically increases wealth, and it shows how consumer demand and the real flow of productive activity shape outcomes more than simple frugality. Readers will see how some economists have treated debt, credit, and ownership as wealth, and why that view misrepresents the economy’s workings.

Why “saving” is not the same as building real wealth and productive capacity

How capital is defined and used in practice, from money-credit to physical plant

How consumer demand ultimately directs production, not just the savings rate

Historical debates that shaped modern views on capital, savings, and policy

Ideal for readers of economic history and policy who want a clear, critical view of the saving fallacy and its implications for real-world economies.

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1451000820
ISBN 13: 9781451000825
Reliure: Broch�
Nombre de pages: 162
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The Fallacy of Saving: A Study in Economics (Classic Reprint)

John M. Robertson

Edit� par Forgotten Books, 2018

ISBN 10 : 1451000820 ISBN 13 : 9781451000825

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Paperback. Etat : 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. N� de r�f. du vendeur 9781451000825_0

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