I’m not sure where, but I remember Eliezer writing something like ~”one of the biggest advances in the economy is the fact that people have internalized that they should invest their money, instead of having it lying around”.
I’m looking for 2 things:
Does anyone remember where this was written? My google-fu is failing me at the moment.
Can anyone point me to any economic literature that talks about this?
I’m not sure where, but I remember Eliezer writing something like ~”one of the biggest advances in the economy is the fact that people have internalized that they should invest their money, instead of having it lying around”.
I’m looking for 2 things:
Does anyone remember where this was written? My google-fu is failing me at the moment.
Can anyone point me to any economic literature that talks about this?