7. What's Wrong with This Way of Thinking? Central planning makes it possible for an economy to...
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7. What's Wrong with This Way of Thinking?
"Central planning makes it possible for an economy to invest more and grow more rapidly. Consumer incomes, stimulated by the high rates of capital formation, also increase rapidly. Thus, the consumer is the major beneficiary of central planning that stresses a rapid rate of capital formation."
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Related Book For
Economics Private And Public Choice
ISBN: 9780123110404
2nd Edition
Authors: James D Gwartney; Richard Stroup; A H Studenmund
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