Journal Article
Does the economy need more spending now?
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.
Keywords: Economic conditions; Economic growth;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/13/ES_24_2013-08-20.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 24