In the ALR No. 64 Economic Notes use simplifying assumptions in order to present valuable diagrams that show essential aspects of how a capitalist economy works. The product is shown as made up of capital goods such as machinery and consumption goods such as food and clothing. Profit is shown as purchasing the capital goods produced. Wages are shown as purchasing the consumer goods produced.
Recommended CitationSilver, Charlie, Discussion: An Investment Led Recovery?, Australian Left Review, 1(67), 1978, 48-49.