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Does the economy need more spending now?

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  • Daniel L. Thornton

Abstract

Economic growth requires more labor, more and better capital, and up-to date technology?what might be collectively referred to as social infrastructure? to support entrepreneurship and efficient markets. It is hardly surprising that periods of more-rapid economic growth include invention, innovation, new methods of production (e.g., the assembly line, robotics), and entrepreneurship.

Suggested Citation

  • Daniel L. Thornton, 2013. "Does the economy need more spending now?," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2013:n:24
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    Keywords

    Economic conditions; Economic growth;

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