Mises Daily
Author:
George Reisman
Online Publish Date:
Introduction Most Spending in the Economic System Is Concealed Under Net Investment Restatement of National Income as Sales Minus Costs Plus Wages Revenue/Expenditure Subcomponents Why Net Investment Equals Productive Expenditure Minus Costs Productive Expenditure Exceeds Consumption Expenditure Keynesian Macroeconomics Plays with Half a Deck: