Economics Dictionary of ArgumentsHome
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| Abstinence Theory - Economics Dictionary of Arguments | |||
| Abstinence Theory: The Abstinence Theory in economics, proposed by classical economists like David Ricardo, suggests that profits arise from foregone consumption, or "abstinence," by entrepreneurs. This theory links profit to the sacrifice of immediate consumption for future returns, emphasizing the role of savings and investment in economic growth. See also Time preference, Saving, Comsumption._____________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 | Item | More concepts for author | |
|---|---|---|---|
| Rothbard, Murray N. | Abstinence Theory | Rothbard, Murray N. | |
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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 Ed. Martin Schulz, access date 2026-05-16 | |||
