This book offers a new perspective on the causes of economic crises and depressions. It argues that the conventional view – blaming overspending and excessive investment – is only partially correct. The author identifies another factor, which he calls 'Impairment Savings', as the missing piece of the puzzle. These savings, instead of being invested in new productive capital, are instead used to shore up existing businesses or pay off debts. This process, rather than a lack of funds, is what the author argues leads to a decline in demand and economic stagnation.
"synopsis" may belong to another edition of this title.
Seller: Forgotten Books, London, United Kingdom
Paperback. Condition: New. Print on Demand. This book offers a new perspective on the causes of economic crises and depressions. It argues that the conventional view â" blaming overspending and excessive investment â" is only partially correct. The author identifies another factor, which he calls 'Impairment Savings', as the missing piece of the puzzle. These savings, instead of being invested in new productive capital, are instead used to shore up existing businesses or pay off debts. This process, rather than a lack of funds, is what the author argues leads to a decline in demand and economic stagnation. 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. Seller Inventory # 9781330330784_0
Quantity: Over 20 available
Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330330784
Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330330784
Quantity: 15 available