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 …, or they depreciate. They cannot accumulate from an age of piracy to an age of industry. Yet modern growth theory …
