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The Formation of Capital (Paperback)
Loot Price: R545
Discovery Miles 5 450
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The Formation of Capital (Paperback)
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Loot Price R545
Discovery Miles 5 450
Expected to ship within 10 - 15 working days
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This classic refutation of Keynesian monetary policy and radical
prescription for balanced growth in today's private sector economy
was written in 1935 by Dr. Harold G. Moulton, the first president
of the Brookings Institution (1916-1952) in response to the unsound
approach embodied in the New Deal. Its applicability to the present
day is seen by the fact that speculative uses of money and credit,
along with massive government and consumer debt, threaten to
bankrupt families, companies, and nations alike. THE FORMATION OF
CAPITAL shows how we can reform the financial system to foster more
rapid rates of sustainable growth while reversing our mounting
deficits and debt. Moulton's work offers a framework for monetary
policy that can spread prosperity, power and freedom to every
citizen. Moulton also raises a radical point: Economic progress and
growth need not be limited to existing accumulations of savings.
Furthermore, his findings prove that the economy grows faster when
it is not dependent on past savings, and businesses can employ
"future savings" to finance their economic growth.
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