How Does an Economy Grow?

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How Does an Economy Grow? Faculty Panel

Calculation and KnowledgeCapital and Interest TheoryEntrepreneurship

10/08/2014Audio/Video
Are we in a recovery? There has been no true recovery since 2008. Private savings rate went down to zero during the boom. Traditional savings rate of Americans has been ten percent.

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Nothing Fishy About Growth

Calculation and KnowledgeEntrepreneurship

10/08/2014Audio/Video
Growth requires private saving first, then investment and then production. It cannot be accomplished through sheer credit and credit expansion. Money is not wealth.

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The Ingredients of Economic Growth

Capital and Interest TheoryEntrepreneurship

10/08/2014Audio/Video
Austrians have a different point of view about economic growth. Growth requires four ingredients: domestic private investment, sound money, private property, and free markets.

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How Entrepreneurs Make an Economy Grow

Calculation and KnowledgeEntrepreneurship

10/08/2014Audio/Video
The entrepreneur risks, in the present, investment in productions that he thinks will produce some good or service at a profit in the future.

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