Part 3, Chapter 12, Investment and Growth, p. 144 (See also: Government spending.)
“
We know that investment causes growth. But it is also true that growth causes investment.
— Jim Stanford
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "We know that investment causes growth. But it is also true that growth causes investment." in the context of "Part 3, Chapter 12, Investment and Growth, p. 144 (See also: Government spending.)" to mean that wisdom is timeless.
Source: Wikiquote: "Jim Stanford" (Sourced, Economics For Everyone (2008))
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
About Jim Stanford
Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.
View all quotes →