The theory of profit/interest has major implications for the understanding of capital accumulation, the determination of real wages and the general standard of living, taxation, inflation/deflation, and the business cycle.
"The essential flaw of so-called supply-side economics — the policy both of the Reagan administration and of the present Bush administration — was the failure to face up to the need to reduce government spending."
El capitalismo es benévolo porque promueve la vida humana y el bienestar y lo hace para todos, escribe George Reisman. Ejemplos y percepciones se han desarrollado durante más de tres siglos, por una serie de grandes pensadores, desde John Locke hasta Ludwig von Mises y Ayn Rand.
News reports now indicate that WorldCom's overstatement of its profits in the last few years may exceed initial reports. But, writes George Reisman, whatever the ultimate figure may be—$7.1 billion or even $10 billion—it pales into insignificance in comparison with the overstatement of profits...