Economics & Beyond with Rob Johnson cover image

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

Economics & Beyond with Rob Johnson

CHAPTER

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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