Stephen I. Ternyik. Real Assets. Real Bubbles. Real Cycles.

Social Sciences / Economics / Macroeconomics

Submitted on: Jan 12, 2016, 02:37:34

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.

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