"I cannot conceive it possible, without the grossest miscalculation, that there should be a redundancy of capital and of labour at the same time."-- David Ricardo, Letters to Malthus, LXXIII [pg 173]
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
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I'm not a fan of "diagrams" in economics, but sometimes... This is a screen capture of slide 36 from a SlideShare presentatio...
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JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand....
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Bosch season five air date: 18 April. Ten episodes. Four days later, six of the transcripts were already available. A few days later, the ...
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Mark Thoma links to the Kansas City Fed's Nominal Wage Rigidities and the Future Path of Wage Growth by José Mustre-del-Río and Emily ...
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First, this summary of an observation made in 1850, from the Liberty Fund : Frédéric Bastiat, while pondering the nature of war, concluded ...
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It is astonishing what foolish things one can temporarily believe if one thinks during the greatest age of the inducement to investment.
ps, those are quotes from the Preface and Chapter 23.
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