Finance, the Falling Rate of Profit and Economic Devastation
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In this chapter, we shall investigate the contribution of financial forces to the economic decline. Although most economists hold that financial institutions are designed to channel resources into productive activities, they do not necessarily do so. Indeed, the financial pressures associated with a decline can lead investors to withhold their funds from productive activities while they dissipate their funds in investments of the most wasteful sort.
KeywordsInterest Rate Banking System Institutional Investor High Interest Rate Fall Rate
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