The Fallacy of Saving: A Study in Economics

accumulated actually admitted amount argu argument becomes called capital cause chapter claim clear commodities consume consumption continue course criticism definition demand doctrine economic economists effect employ employment English existence fact fallacy finally follow fresh fund fundamental further give goes ground hand houses idle income increase individual industry interest investment kind labour later Lauderdale less limited living luxuries mass matter means ment mere merely Mill Mill's moral natural necessary needs parsimony pension Political Economy population position possible practical present principle problem production Professor profit proposition purchasing question reason recognised represented result riches saving secure seems seen sense simply Smith social society speak spend statement supply suppose tend theory things tion trade true truth wages wealth whole workers