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

Name: The Fallacy of Saving, a Study in Economics (Classic Reprint)
Author: Rolfe, William Shakespeare William James
ISBN: 9781451000825

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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Rethinking savings as a path to prosperity and who really drives growth

This rigorous, accessible analysis challenges the long‑standing idea that thrift alone builds nations. It argues that demand and production, guided by consumer choices and policy, shape the course of economic growth. This edition surveys historic and modern views on capital, saving, and wealth. It traces how ideas about capital have evolved—and where they have gone wrong—so readers can understand how savings, credit, and investment really interact in an advanced economy. The author weighs theories from Smith to Bohm‑Bawerk and explains why the public’s understanding of “accumulated industry” can be misleading. The book also considers the state’s role in industry, and what action or restraint means for prosperity.

Clarifies what counts as capital, and why traditional definitions can mislead policy decisions
Shows how consumer demand and production choices influence national wealth
Critiques classic economic arguments and explains their practical limits for modern economies
Offers a framework for thinking about saving, investment, and the role of the state

Ideal for readers of economic history and policy debates who want a clear, evidence‑based look at wealth creation beyond thrift alone. It’s a thoughtful guide for students, professionals, and anyone curious about how economies really grow.

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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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Vendeur : Forgotten Books, London, Royaume-Uni

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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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