Capital in the American Economy. Its Formation and Financing. Assisted by Elizabeth Jenks.

£350 · Offered by Maggs Bros Ltd

A monumental study of long-term trends in capital formation and financing in the United States by the Nobel Prize winning economist Simon Kuznets, the culmination of extensive research undertaken by the National Bureau of Economic Research. The work contained a grim forecast of inflation in the American economy, with Kuznets famously remarking that the ‘extrapolation of inflationary pressures over the next thirty years raises a specter of intolerable consequences’ (p. 460).

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