Political Economy Quote of the Week for 20160215

“Again, if the present stock of capital is to be increased, it is evidently necessary that the community give up a portion of the consumption which it might have enjoyed—while still
maintaining the stock at its former height;—that it withdraw a portion of the productive powers at its disposal from the service of the present; that it save and employ them for
additional future production.” – Eugen von Böhm-Bawerk, The Positive Theory of Capital.

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