MALA 60633 - The Role of Capital in Domestic and International Economy

One of the least understood features of our economy is the nature of capital (physical and financial). Yet it plays a vital role in creating present employment and future productive capacity, and it grabs headlines through stock market fluctuations and international financial crises. This course both arms the student to differentiate among the confusing variety of uses of the term capital and explains what it can and cannot do in terms of world and domestic economic growth, social security financing, federal debt financing, and third world development.





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