Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 267–287

Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 248–266

ABSTRACT: The relationship between investment, hoarding and economic growth is a rather complex one. Although both investment and monetary hoarding can be considered different instances of capital accumulation in the long run, their short term effects on economic growth can diverge. These transitory variations are based precisely on the fact that money has a driving force of its own, i.e. it is not neutral.

At the end of last year, Amazon unveiled, “Amazon Go,” a futuristic, fully-automated convenience store set to open its doors in Seattle, Washington, within the next few months. While this exciting new venture promises to make quick-stop shopping trips easier for busy consumers, critics are wary of this type of advanced automation, and fear its widespread use could jeopardize a vast amount of jobs.

The Daily Mail reports that an 18-month publicity campaign to encourage women to join the Royal Marines has ended after managing to recruit just one candidate to its elite training program.

There is a peculiar intellectual and emotional revulsion that comes with reading about Italy’s endless cycle of economic and political woes — whether having to do with the near-collapse of the world’s oldest bank or the effective nation-wide paralysis of Italian industry. Despite this near-permanent state of affairs, the country’s overwhelming cultural legacy still evokes such awe that a metaphysical idea of Italia persists completely distinct from the ground reality of Rome’s circus maximus of daily self-abasement.