The expanding sphere of opportunities

posted by
October 6, 2011
Foundation for Economic Education
by Steven Horwitz  
Posted in Commentary

"In earlier columns and other writing I have tried to emphasize that an excessive focus on economic aggregates can distort our understanding of how markets work and the effects of government policies. One area in which aggregates can be particularly problematic is the capital structure of an economy and the related concept of investment. Treating 'investment' and 'capital' as undifferentiated aggregates often leads to a distorted view of how economies grow." (10/06/11)  

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