EPISODE · Oct 11, 2020 · 3H 12M
Capitalism Macroeconomics Lecture 11
from The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism · host George Reisman
Relationship of the net-consumption/net-investment theory to the time-preference and productivity theories. The alleged problems of underconsumption and lack of “investment opportunities.” How the demand for capital goods and labor can permanently exceed the demand for consumers’ goods and the rate of profit be positive. More on why savings cannot outrun the need for savings; the automatic adjustment of the rate of saving to the need for capital. READINGS Reisman: pp. 787–797, 838–85
What this episode covers
Relationship of the net-consumption/net-investment theory to the time-preference and productivity theories. The alleged problems of underconsumption and lack of “investment opportunities.” How the demand for capital goods and labor can permanently exceed the demand for consumers’ goods and the rate of profit be positive. More on why savings cannot outrun the need for savings; the automatic adjustment of the rate of saving to the need for capital. READINGS Reisman: pp. 787–797, 838–85
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Capitalism Macroeconomics Lecture 11
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