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Article
Publication date: 1 June 1981
One Axiom common to all economies is that they must save and invest enough to replace their productive capacity as it is depleted, or the standard of living of their citizens will…
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Abstract
One Axiom common to all economies is that they must save and invest enough to replace their productive capacity as it is depleted, or the standard of living of their citizens will fall. Farmers express this view in the adage, “Don't eat the seed corn.”
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