All Posts Tagged With: "wartime depreciation"
Private Capital Consumption: Another Downside of the Wartime “Miracle of Production”
Although the so-called miracle of production in the United States during World War II persuaded many economists and others to accept the validity of the basic Keynesian model, this interpretation rests on important errors of commission and omission to which I have called attention over the years. (See especially the studies brought together in my [...]
24Mar2010 | Robert Higgs | 3 comments | Continued-
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