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Saving and investment in the twenty-first century :the great divergence

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This open access book offers a new, capital-theoretical perspective on the macroeconomic relationship between desired wealth and investment, and it presents new empirical data on private wealth and its composition in the OECD plus China area. The authors argue that a free economic and social order can only be stabilized if the wealth aspirations of individuals are met under conditions of price stability. This is not possible without substantial net public debt. A new way of thinking about the economy as a whole is required. By way of an in-depth theoretical and empirical analysis, the book demonstrates this new way of thinking and describes the current challenges facing economic policy. It will appeal to economists and students of economics who are interested in macroeconomic theory and its economic policy implications.

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Detail Information

Series Title

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Call Number

339 CAR s

Publisher

: Springer Cham., 2021

Collation

xxi, 343p. : ill.

Language

English

ISBN/ISSN

9783030750312

Classification

NONE

Content Type

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Media Type

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Carrier Type

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Edition

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Subject(s)

Economic policy
International economics
Public Finance

Specific Detail Info

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Statement of Responsibility

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