EPISODE · Oct 7, 2020 · 2H 6M

Capitalism Macroeconomics Lecture 7

from The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism · host George Reisman

The role of saving in spending and income payments. Saving versus hoarding. Saving and aggregate economic accounting: the national income/net national product identity. J. S. Mill’s proposition that demand for commodities is not demand for labor and the issue of double counting. READINGS Reisman: pp. 673–699, review of 441–447, then 699–715 Hazlitt: pp. 177-190 (chap. XXIV) Samuelson: Chapter 5; Optional: Samuelson, Chapter 11 Ludwig von Mises, “Capital Supply and American Prosperity” in Supplementary Readings in Macroeconomics. [Ludwig von Mises, Planning for Freedom, pp. 195–214]

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