Introduction: Economic growth in a complex economic system has many variables. This essay concentrates primarily on those conditions that may reasonably be actionable to increase growth. The more opportunities that are acted upon, the greater will be the favorable result, but for ceteris paribus. There is always uncertainty in the economy, even if something positive is expected, there … Continue reading Assessing America’s Economic Growth Conditions
Category: Capitalism
Economic Growth has four Sources
Adam Smith wrote the seminal book on the subject of economics, An Inquiry into the Nature and Causes of The Wealth of Nations, or today simply The Wealth of Nations (1776). Smith told us that the wealth of a nation is measured by the sum of the values of all of its productive resources for creating wealth. He … Continue reading Economic Growth has four Sources
Corporations ARE The Wealth of America
The word “corporation” has become a pejorative in American politics, particularly among a segment of the population seen holding signs, declaring objections to corporations, and urging certain political candidates to fix that. Their anger and more importantly, their lack of definition of the problem seems to leave no alternative but to shut down corporations! These people do … Continue reading Corporations ARE The Wealth of America
EXPLAINING CAPITALISM
Long before there was government, there was capitalism. Capitalism is not an institution, it has no leader, is not a part of government, was not invented, it is free, and the only basis for its reoccurring for thousands of years is that it works! In its simplest form it requires: Two persons, two assets and mutual desire of … Continue reading EXPLAINING CAPITALISM
You must be logged in to post a comment.