If you follow the écus in all these alternative uses, you will ascertain that, through the offices of salesmen or lenders, they will go to provide work as surely as if Ariste, following the example of his brother, had traded them for furniture, jewelry, and horses.
Category: Keynesian multiplier
5. PUBLIC WORKS.
As a temporary measure in times of crisis, or during a severe winter, this intervention by the taxpayers may have good results.
7. – TWO LOSSES VERSUS ONE PROFIT.
For, Sir, I believe that I have observed, and you will perhaps have observed as I have, that in spite of the great scorn that individuals and nations display for gain, they have difficulty in giving it up.