Economics Dictionary of ArgumentsHome
| |||
|
| |||
| Progress: Progress is the forward movement towards a desired goal. It can be measured through technological advancement, social change, or personal development. See also Process, Change, Measurements, Learning, Stages of development._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Concept | Summary/Quotes | Sources |
|---|---|---|---|
|
Murray N. Rothbard on Progress - Dictionary of Arguments
Rothbard III 535 Progress/Rothbard: Once an increase to a greater level of gross investment occurs, (…) it is not maintained automatically. Producers have to maintain the gross investment, and this will be done only if their time preferences remain at the lower rates and they continue to be willing to save a greater proportion of gross monetary income. >Time preference/Rothbard. (…) this maintenance and further progress can take place without any increase in the money supply or other change in the money relation. Progress can occur, in fact, with falling prices of all products and factors.(1) >Crises/Rothbard, >Capital consumption/Rothbard, >Economy/Rothbard, >Production factors/Rothbard. Rothbard III 540 Investments: (…) the limits at any time on investment and productivity are a scarcity of saved capital, not the state of technological knowledge. In other words, there is always an unused shelf of technological projects available and idle. This is demonstrable by the fact that a new invention is not immediately and instantaneously adopted by all firms in the society. Rothbard III 560 Economy/progress/Rothbard: In the progressing economy, the supply of capital per person increases. The supply of all ranks of capital goods increases, thereby decreasing the marginal value productivities of capital goods, so that the prices of capital goods fall. The relative MVPs of land and labor factors, in the aggregate, tend to rise, so that their income will rise in real terms, if not in monetary ones. >Factor Market/Rothbard. 1. Very few writers have realized this. See Hayek, "The 'Paradox' of Saving," pp. 214 ff., 253 ff._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
Rothbard II Murray N. Rothbard Classical Economics. An Austrian Perspective on the History of Economic Thought. Cheltenham, UK: Edward Elgar Publishing. Cheltenham 1995 Rothbard III Murray N. Rothbard Man, Economy and State with Power and Market. Study Edition Auburn, Alabama 1962, 1970, 2009 Rothbard IV Murray N. Rothbard The Essential von Mises Auburn, Alabama 1988 Rothbard V Murray N. Rothbard Power and Market: Government and the Economy Kansas City 1977 |
||
Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
