Stephen I. Ternyik. Real Assets. Real Bubbles. Real Cycles.
Submitted on: Jan 12, 2016, 02:37:34
Social Sciences / Economics / Macroeconomics
Description: The extraction of economic rent from real assets (land value of natural resources/locational value of buildings) is the root cause of all bubbles and cycles in the political or public economy, thus leading to the physical pattern of cyclical crises in the systemic process of capital formation.
The abstract of this article will be published in the January 2016 issue of "Intellectual Archive Bulletin", ISSN 1929-1329.
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