Author: John Mackinnon RobertsonPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 182
Book Description
The Fallacy of Saving
Author: John Mackinnon RobertsonPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 172
Book Description
The Fallacy of Saving; a Study in Economics
Author: John MacKinnon RobertsonPublisher: Theclassics.Us
ISBN: 9781230211206
Category :
Languages : en
Pages : 44
Book Description
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1892 edition. Excerpt: ... PART II.--THE PRACTICAL ISSUE. L Already, perhaps, the reader, in accepting the argument, has recoiled in despair from the vast vista of social reconstruction which it opens up as the only alternative to a long decline towards darkness. He may be moved to cry out with Mr. Lang, and with perhaps the better justification as having really tried to understand the case, that "the social problem is insoluble," and that after a few centuries we shall just "worry back to barbarism." There is a certain sombre fascination in this species of pessimism that especially captures the belletrist mind, even that mind which, in resentment of other austere philosophies, formulates for itself in the name of mythological science the doctrine of a divine "Father who is not far from anyone of us,"1 and is solaced under the pressure of the insoluble social problem by the spectacle of the "beautiful Church of England." But if the belletrist, who at least realises that there is a social problem, is thus impressed by it, we must confess that it will be hard to bring home to his public I the falsity of the current economic gospel of saving. All the forces of egoism and optimism are on its side. As a matter of fact--and this is the real crux x Mr. Lang: Myth, Ritual, and Religion, i. 340. 119 of the case, remaining after all the economic fallacies are exposed--the average middle-class man has at present no way open to him but saving to provide for his old age; that is, the minority must "save" in order to live one day on the labour of the majority. If the saver buys an annuity, bis money seeks investment all the same. How make the middle-class multitude ever realise that this proceeding of theirs is a saving only of abstract purchasing power: how make them see, even...
The Fallacy of Saving
Author: John M. RobertsonPublisher: Createspace Independent Publishing Platform
ISBN: 9781534995659
Category :
Languages : en
Pages : 158
Book Description
From the PREFACE. The following essay is an expansion of one written several years ago, and recently read to the Political Economy Circle of the National Liberal Club. The character of the criticism it then met with from some of the most competent members removed any hesitation I might formerly have felt as to the chance of my being right in an argument which will strike most readers at first sight as a strange paradox, and which runs counter not only to the standard authorities, but to the views of many of the younger economists who are supposed to have thrown off the old " orthodoxy." The trained economists of the National Liberal Club, to my thinking, did not really defend the received economic doctrine of saving at all: they defended something else. And yet, while the received doctrine stands thus naked to criticism, I find that when a young economist presses the criticism he is made to suffer for it by exclusion from educational posts which are in the gift of adherents of the orthodox view. Having personally nothing to fear in this way, I feel the more bound to press the true doctrine, as I regard it, on public attention. I would preface my exposition, however, with an appeal to the candour and leniency alike of economic students and general readers, in consideration of the difficulty which attends all rectifications of abstract theory, and efforts at new economic analysis in perhaps a special degree. As regards the practical solution propounded in the Second Part, I wish it to be noted that it is evolved as a strict economic solution of the problem led up to in the First, and, though it coincides with some proposals classified as Socialistic, is no à priori application of any abstract theory of society, and does not stand or fall with any such theory. In this connection I am glad to see that a widening hearing is being won for the doctrine of a naturalist as distinguished from an idealist treatment of social problems. This doctrine has been admirably put by a recent essayist, whose words I have as much pleasure in quoting as in endorsing: "The solution which remains to be considered, and which the course of the argument has gradually brought into view, is the doctrine of State-control or State-regulation of industry according to the best ideas and knowledge attainable at the time. This, in distinction from the others, may be called the political solution. It is untouched by any of the arguments that have been fatal to the rest. In essence, it is the doctrine that has been instinctively acted upon both in ancient and modern States. When a mistaken industrial policy was pursued in the past, this was not because the State failed to recognise the limits of its own general sphere of action, but because it was ignorant of some particular law of economics...."
The Fallacy of Saving
Author: John M. RobertsonPublisher: Forgotten Books
ISBN: 9780332387437
Category : Business & Economics
Languages : en
Pages : 166
Book Description
Excerpt from The Fallacy of Saving: A Study in Economics The following essay is an expansion of one written several years ago, and recently read to the Political Economy Circle of the National Liberal Club. The character of the criticism it then met with from some of the most competent members removed any hesita tion I might formerly have felt as to the chance of my being right in an argument which will strike most readers at first sight as a strange paradox, and which runs counter not only to the standard authorities, but to the views of many of the younger economists who are supposed to have thrown off the old orthodoxy. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
The Fallacy of Saving
Author: John MacKinnon RobertsonPublisher: Legare Street Press
ISBN: 9781020683411
Category :
Languages : en
Pages : 0
Book Description
First published in 1920, this influential work challenges the traditional economic idea that saving leads to economic growth. Robertson argues that in modern times, saving can actually result in lower investment, reduced production, and ultimately, economic decline. Despite its age, this book remains relevant today and is required reading for anyone interested in economics and public policy. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
The Fallacy of Saving
Author: John MacKinnon RobertsonPublisher: Palala Press
ISBN: 9781358228810
Category :
Languages : en
Pages : 168
Book Description
This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Economics in One Lesson
Author: Henry HazlittPublisher: Crown Currency
ISBN: 0307760626
Category : Business & Economics
Languages : en
Pages : 220
Book Description
With over a million copies sold, Economics in One Lesson is an essential guide to the basics of economic theory. A fundamental influence on modern libertarianism, Hazlitt defends capitalism and the free market from economic myths that persist to this day. Considered among the leading economic thinkers of the “Austrian School,” which includes Carl Menger, Ludwig von Mises, Friedrich (F.A.) Hayek, and others, Henry Hazlitt (1894-1993), was a libertarian philosopher, an economist, and a journalist. He was the founding vice-president of the Foundation for Economic Education and an early editor of The Freeman magazine, an influential libertarian publication. Hazlitt wrote Economics in One Lesson, his seminal work, in 1946. Concise and instructive, it is also deceptively prescient and far-reaching in its efforts to dissemble economic fallacies that are so prevalent they have almost become a new orthodoxy. Economic commentators across the political spectrum have credited Hazlitt with foreseeing the collapse of the global economy which occurred more than 50 years after the initial publication of Economics in One Lesson. Hazlitt’s focus on non-governmental solutions, strong — and strongly reasoned — anti-deficit position, and general emphasis on free markets, economic liberty of individuals, and the dangers of government intervention make Economics in One Lesson every bit as relevant and valuable today as it has been since publication.
The Fallacy of Saving
Author: John Mackinnon RobertsonPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 176
Book Description
Economic Facts and Fallacies
Author: Thomas SowellPublisher: Basic Books
ISBN: 0465026303
Category : Business & Economics
Languages : en
Pages : 295
Book Description
Thomas Sowell “both surprises and overturns received wisdom” in this indispensable examination of widespread economic fallacies (The Economist) Economic Facts and Fallacies exposes some of the most popular fallacies about economic issues-and does so in a lively manner and without requiring any prior knowledge of economics by the reader. These include many beliefs widely disseminated in the media and by politicians, such as mistaken ideas about urban problems, income differences, male-female economic differences, as well as economics fallacies about academia, about race, and about Third World countries. One of the themes of Economic Facts and Fallacies is that fallacies are not simply crazy ideas but in fact have a certain plausibility that gives them their staying power-and makes careful examination of their flaws both necessary and important, as well as sometimes humorous. Written in the easy-to-follow style of the author's Basic Economics, this latest book is able to go into greater depth, with real world examples, on specific issues.
The Fallacy of Saving
Author: John Mackinnon RobertsonPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description