As promised, in this episode of Cantillon Effects, I have considered in much more detail whether there is such a thing as a ‘Consumer’ in isolation? I ask if a person’s role as producer is not more important. I look at the part played by interest rates, capital, and entrepreneurs, as well as by the […]
Tag Archives: consumption
Though the connexion is not always explicitly drawn, one obvious corollary of the perceived current shortfall in corporate investment spending is to be found in the lacklustre nature of the gains being recorded in something called ‘productivity’. This latter deficiency is often said to have ‘puzzled’ the Good and Great who presume to be able […]
The old adage that ‘the market must climb a wall of worry’ – i.e., that the best bull runs take place to the accompaniment of a swelling chorus of doubters – seems to have taken on a broader application in the economy at large where everything and anything which can be negatively construed currently calls […]