Economics & Beyond with Rob Johnson cover image

Fred Block: Beyond Industrialism - Building Communities That Work for People

Economics & Beyond with Rob Johnson

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Rethinking Investment in Economic Accounting

This chapter explores the evolving definitions of investment within economic frameworks, highlighting the influence of neoliberal ideologies and fiscal crises. It advocates for a new approach to national income accounting that includes household expenditures on education and skills development, revealing a more accurate picture of wealth creation.

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