Download or read book The Fallacy of Saving written by John Mackinnon Robertson and published by . This book was released on 1892 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fallacy of Saving a Study in Economics written by John MacKinnon Robertson and published by Theclassics.Us. This book was released on 2013-09 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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...
Download or read book The Fallacy of Saving written by John M. Robertson and published by Createspace Independent Publishing Platform. This book was released on 2016-06-29 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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...."
Download or read book The Fallacy of Saving written by John MacKinnon Robertson and published by Legare Street Press. This book was released on 2023-07-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Fallacy of Saving written by John M. Robertson and published by Forgotten Books. This book was released on 2017-12-03 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Fallacy of Saving A Study in Economics written by J M 1856-1933 Robertson and published by Palala Press. This book was released on 2015-11-18 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Fallacy of Saving written by John Mackinnon Robertson and published by . This book was released on 1892 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fallacy of Saving written by John Mackinnon Robertson and published by . This book was released on 1892 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Fallacy of Danger From Great Wealth Classic Reprint written by Harry Hubbard and published by . This book was released on 2016-06-14 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Fallacy of Danger From Great Wealth In our complex modern life, saving and investing take place in many ways. For example, money saved and deposited in a savings-bank finds its way out in a loan on mortgage to help build a house, a factory, or a store; or it pays for bonds, and the proceeds are put into a railroad or some public work, as a school-house, dock, street, etc. In any and all these cases the money deposited in the savings-bank goes ultimately to employ labor and pay wages. So money deposited in any other bank or trust company is loaned out to merchants, manufacturers, and others, and similarly goes to pay wages. 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.
Download or read book The Fallacy of Campaign Finance Reform written by John Samples and published by University of Chicago Press. This book was released on 2008-09-15 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: At first glance, campaign finance reform looks like a good idea. McCain-Feingold, for instance, regulates campaigns by prohibiting national political parties from accepting soft money contributions from corporations, labor unions, and wealthy individuals. But are such measures, or any of the numerous and similarly restrictive proposals that have circulated through Washington in recent years, really good for our democracy? John Samples says no, and here he takes a penetrating look into the premises and consequences of the long crusade against big money in politics. How many Americans, he asks, know that there is little to no evidence that campaign contributions really influence members of Congress? Or that so-called negative political advertising actually improves the democratic process by increasing voter turnout and knowledge? Or that limits on campaign contributions make it harder to run for office, thereby protecting incumbent representatives from losing their seats of power? Posing tough questions such as these, Samples uncovers numerous fallacies beneath proposals for campaign finance reform. He argues that our most common concerns about money in politics are misplaced because the ideals implicit in our notion of corruption are incoherent or indefensible. The chance to regulate money in politics allows representatives to serve their own interests at a cost to their constituents. And, ironically, this long crusade against the corruption caused by campaign contributions allows public officials to reduce their vulnerability by suppressing electoral competition. Defying long-held ssumptions and conventional political wisdom, The Fallacy of Campaign Finance Reform is a provocative and decidedly nonpartisan work that will be essential for anyone concerned about the future of American government.
Download or read book Economics in One Lesson written by Henry Hazlitt and published by Crown Currency. This book was released on 2010-08-11 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Adam s Fallacy written by Duncan K. Foley and published by Harvard University Press. This book was released on 2009-06-30 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book could be called "The Intelligent Person's Guide to Economics." The title expresses Duncan Foley's belief that economics at its most abstract and interesting level is a speculative philosophical discourse, not a deductive or inductive science. Adam's fallacy is the attempt to separate the economic sphere of life, in which the pursuit of self-interest is led by the invisible hand of the market to a socially beneficial outcome, from the rest of social life, in which the pursuit of self-interest is morally problematic and has to be weighed against other ends.
Download or read book Economic Facts and Fallacies written by Thomas Sowell and published by Basic Books. This book was released on 2011-03-22 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Logically Fallacious written by Bo Bennett and published by eBookIt.com. This book was released on 2012-02-19 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a crash course in effective reasoning, meant to catapult you into a world where you start to see things how they really are, not how you think they are. The focus of this book is on logical fallacies, which loosely defined, are simply errors in reasoning. With the reading of each page, you can make significant improvements in the way you reason and make decisions. Logically Fallacious is one of the most comprehensive collections of logical fallacies with all original examples and easy to understand descriptions, perfect for educators, debaters, or anyone who wants to improve his or her reasoning skills. "Expose an irrational belief, keep a person rational for a day. Expose irrational thinking, keep a person rational for a lifetime." - Bo Bennett This 2021 Edition includes dozens of more logical fallacies with many updated examples.
Download or read book The Great Property Fallacy written by Frank K. Upham and published by Cambridge University Press. This book was released on 2018-02 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explains the role of property law in growth and development over five centuries and across several different countries and cultures.
Download or read book The Book of the Fallacy written by Madsen Pirie and published by Routledge & Kegan Paul Books. This book was released on 1985 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saving written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-04 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Saving Deferred consumption, often known as savings, is revenue that is not spent. Any revenue that is not used for immediate consumption is considered to be a larger definition in the field of economics. In addition, saving means cutting costs, such as those that are incurred on a regular basis. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Saving Chapter 2: Finance Chapter 3: Financial capital Chapter 4: Interest rate Chapter 5: Time preference Chapter 6: Consumption (economics) Chapter 7: Capital accumulation Chapter 8: Savings and loan association Chapter 9: Savings and loan crisis Chapter 10: Wealth elasticity of demand Chapter 11: Paradox of thrift Chapter 12: Capital formation Chapter 13: Dissaving Chapter 14: Undercapitalization Chapter 15: Scarcity Chapter 16: Asset-liability mismatch Chapter 17: Loanable funds Chapter 18: Bank Chapter 19: Subprime crisis background information Chapter 20: Global saving glut Chapter 21: Precautionary savings (II) Answering the public top questions about saving. (III) Real world examples for the usage of saving in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Saving.
