McCloskey, Deirdre Nansen - Volkswirtschaftliche Fakultät, … - 2009
elastically supplied, by credit expansion for example (as Schumpeter observed). Attributing growth to investment, therefore … not support Marx’s notion of an “original accumulation of capital.” Saving and investment must be used when they are made … in physical or human capital. Innovation 1700-2010 pushed the marginal product of all capitals steadily out, and the …