Coming Trade War: Scarcity economics and overcapacity

Henry Liu publishes his fourth installment in The coming trade war. Scarcity economics and overcapacity
Neo-classical economics developed at a time when wealth was limited to what a relatively primitive industrial society could produce, and demand for goods was always greater than their supply. It is the economics of scarcity rooted in the medieval rule [...]

Continue Reading July 27th, 2005 Björn Hallberg