Five years after its bust and partial recovery, real net private business investment in 2012 remained 41 percent below its previous peak. This weakness plays a central role in the slow recovery in output and even slower recovery in employment.
Robert Higgs is Retired Senior Fellow in Political Economy, Founding Editor and former Editor at Large of The Independent Review.
Bureaucracy and GovernmentBusiness and EntrepreneurshipEconomic History and DevelopmentEconomic PolicyEconomyGovernment and Politics
Other Independent Review articles by Robert Higgs
Fall 2019 Pressure-Release Valves in Participatory Fascism
Winter 2018/19 Two Worlds: Politics and Everything Else
Fall 2018 Against the Whole Concept and Construction of the Balance of International Payments
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