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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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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