Henry George and How Growth in Real Estate Contributes to Inequality and Financial Instability by Edward Nell

Author:Edward Nell
Language: eng
Format: epub
ISBN: 9783030186630
Publisher: Springer International Publishing

© The Author(s) 2019

E. NellHenry George and How Growth in Real Estate Contributes to Inequality and Financial Instability Palgrave Studies on Henry George for the 21st Centuryhttps://doi.org/10.1007/978-3-030-18663-0_6

6. From Craft to Mass Production

Edward Nell1

(1)New School, New York, NY, USA

Edward Nell

The remarkable generalization [holds, in a modern economy] that, in all ordinary circumstances, the volume of employment depends on the volume of investment, and that anything which increases or decreases the latter will increase or decrease the former.

—John Maynard Keynes

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