Does this suggest that lower fertility causes wealth, or that wealth lowers fertility?
Rapid growth across developing Asia over the past decade or two has caused wealth to increase quickly across much of the region.
Man's intellect, his ability to tap the cosmic resources of energy and make them work for him, had really caused wealth to be regenerative, or self-augmenting.
High taxes, inflation, bankruptcies, and the growth of sprawling welfare states caused wealth to shrink dramatically, and ushered in a period in which both income and wealth were distributed in relatively egalitarian fashion.
If the market assessments of observers like Tom Perkins are correct, these changes will cause wealth to flow into lower-risk investments, and the startup economy will finally slow down.
This capital investment fuels the growth of the rent-seeking business of the financial sector, which causes wealth to accumulate and need to be invested, and so on in a loop.
Notable because the premise – that their own hard work and ingenuity is what caused their wealth to aggregate – is a flattering and self-validating narrative.
By rising in anticipation of future productivity growth, he argues, stockmarkets cause a wealth effect that leads to demand in excess of today's actual supply growth.
This classroom experiment uses a double oral auction credit market to demonstrate how inflation uncertainty causes a wealth transfer between borrowers and lenders.The experiment also shows the social cost of inflation uncertainty when borrowers and lenders cannot agree on a nominal interest rate that compensates each for their risk.
Philanthropic engagement enables entrepreneurs to progress towards a desirable self by performing something worth remembering, through which they seek to absolve themselves from guilt caused by wealth accumulation (Dutton et al., 2010; McAdams, 1988).
