The Fallacy of Saving: A Study in Economics (Classic Reprint) - Hardcover

John M. Robertson

9780332387437: The Fallacy of Saving: A Study in Economics (Classic Reprint)

Hardcover

ISBN 10: 0332387437 ISBN 13: 9780332387437

Publisher: Forgotten Books, 2018

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Excerpt from The Fallacy of Saving: A Study in Economics

The following essay is an expansion of one written several years ago, and recently read to the Political Economy Circle of the National Liberal Club. The character of the criticism it then met with from some of the most competent members removed any hesita tion I might formerly have felt as to the chance of my being right in an argument which will strike most readers at first sight as a strange paradox, and which runs counter not only to the standard authorities, but to the views of many of the younger economists who are supposed to have thrown off the old orthodoxy.

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