"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]
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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... -
JW Mason : "... in retrospect it is clear that we should have been talking about big new public spending programs to boost demand.... -
It is surely true that the price level cannot rise without a corresponding increase in the quantity of money or velocity or use of credit. ...
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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 ... -
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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