http://socyberty.com/economics/wealth-c ... epression/
Apparently an article from a student economics periodical in Ireland, with some insightful observations from the pre-tech-bubble:
"concentration created fundamental instability in the economy"
"the importance of re-investment by the rich into productive investment, which can lead to benefits for poorer people"
"innovations launch a long-wave of growth"
"inherited wealth is a factor of great importance in giving rise to a high concentration of wealth"
"due to inherited wealth not being complemented by inherited entrepreneurial spirit or the prospects of easy money in a 1920s Bull Market, these few do not act rationally in the long term"
Your favorite books and links
1 post • Page 1 of 1