The Research Revolution
The Research Revolution
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In our eReader you can find the full English version of the book. Read The Research Revolution Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Research Revolution
What reading level is The Research Revolution book?
To quickly assess the difficulty of the text, read a short excerpt:
Chronic imbalance Naturally, the ideal goal would be a steady balance, be- tween growing consumption on one side and growing saving and investment on the other, that would permit the economy to expand at its maximum potential rate the rate determined by expanding technology and the growing labor force with neither inflation nor unemploy- ment.
But a quasi-free economy like ours is not likely to strike that exact balance consistently, even with the government attempting to offset the shifts in d...emand and in saving and investment. Those shifts around a balance point con- stitute the familiar mechanism of the business cycle.
Much less familiar but perhaps even more important is another question. That is whether the real trouble with the American economy is that it has become chroni- cally unbalanced on either one side or the other. Is it, for example, prevented from attaining its maximum growth rate by a chronic bias toward undersaving, overconsump- tion, and inflation? This would curb growth partly because inadequate savings mean inadequate investment, but also because inflation misdirects funds into the wrong channels into such things as land speculation and bidding up prices of equities in the stock market, instead of produc- tive investment.
What to read after The Research Revolution?
You can find similar books in the "Read Also" column, or choose other free books by Leonard Solomon Silk to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Chronic imbalance Naturally, the ideal goal would be a steady balance, be- tween growing consumption on one side and growing saving and investment on the other, that would permit the economy to expand at its maximum potential rate the rate determined by expanding technology and the growing labor force with neither inflation nor unemploy- ment.
But a quasi-free economy like ours is not likely to strike that exact balance consistently, even with the government attempting to offset the shifts in d...emand and in saving and investment. Those shifts around a balance point con- stitute the familiar mechanism of the business cycle.
Much less familiar but perhaps even more important is another question. That is whether the real trouble with the American economy is that it has become chroni- cally unbalanced on either one side or the other. Is it, for example, prevented from attaining its maximum growth rate by a chronic bias toward undersaving, overconsump- tion, and inflation? This would curb growth partly because inadequate savings mean inadequate investment, but also because inflation misdirects funds into the wrong channels into such things as land speculation and bidding up prices of equities in the stock market, instead of produc- tive investment.
What to read after The Research Revolution?
You can find similar books in the "Read Also" column, or choose other free books by Leonard Solomon Silk to read onlineMoreLess
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