How Long to Read Saving and Investment in the Twenty-First Century

How Long Does it Take to Read Saving and Investment in the Twenty-First Century?

It takes the average reader 5 hours and 47 minutes to read Saving and Investment in the Twenty-First Century by Carl Christian von Weizsäcker

Assuming a reading speed of 250 words per minute. Learn more

Description

The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy, driven by the desire to have sufficient assets in old age. On the other hand, the demand for capital is not increasing to the same extent, so that investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasing public debt. This open access book offers a new, capital-theoretical perspective on the macroeconomic relationship between desired wealth and investment, and it presents new empirical data on private wealth and its composition in the OECD plus China area. The authors argue that a free economic and social order can only be stabilized if the wealth aspirations of individuals are met under conditions of price stability. This is not possible without substantial net public debt. A new way of thinking about the economy as a whole is required. By way of an in-depth theoretical and empirical analysis, the book demonstrates this new way of thinking and describes the current challenges facing economic policy. It will appeal to economists and students of economics who are interested in macroeconomic theory and its economic policy implications. An impressive, and convincing theoretical dive into the fundamentals behind secular stagnation, with very strong implications for actual debt policy. Public debt may be needed to improve welfare. - Olivier Blanchard, Senior Fellow at the Peterson Institute for International Economics and Professor of Economics Emeritus at Massachusetts Institute of Technology (MIT). Chief Economist at the International Monetary Fund from 2008 to 2015. Saving and Investment in the Twenty-First Century gives a wholly new perspective on macroeconomics. (...) Weizsäcker and Krämer describe a simple, practical solution to the underemployment that has plagued Southern Europe for more than a decade. - George Akerlof, Nobel Laureate in Economics, 2001. Professor at the McCourt School of Public Policy at Georgetown University and Professor of Economics Emeritus at the University of California, Berkeley. This is a profound and original contribution that can help us to understand and act on the great issues of our times. - Nicholas Stern, Grantham Research Institute on Climate Change and the Environment at the London School of Economics. Author of the Stern Review Report on the Economics of Climate Change. Chief Economist at the World Bank from 2000 to 2003.

How long is Saving and Investment in the Twenty-First Century?

Saving and Investment in the Twenty-First Century by Carl Christian von Weizsäcker is 343 pages long, and a total of 86,779 words.

This makes it 116% the length of the average book. It also has 106% more words than the average book.

How Long Does it Take to Read Saving and Investment in the Twenty-First Century Aloud?

The average oral reading speed is 183 words per minute. This means it takes 7 hours and 54 minutes to read Saving and Investment in the Twenty-First Century aloud.

What Reading Level is Saving and Investment in the Twenty-First Century?

Saving and Investment in the Twenty-First Century is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Saving and Investment in the Twenty-First Century?

Saving and Investment in the Twenty-First Century by Carl Christian von Weizsäcker is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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