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Saving and Investment in the Twenty-First Century
The economy of the 21st century in the OECD countries and in China, is characterized by a new phenomenon: the structural surplus of private savings in relation to private investment. This is true even in a situation of prosperity and very low interest rates. On the one hand, this excess saving is due to people's increasing inclination to save in light of rising life expectancy, driven by the desire to have sufficient assets in old age. On the other hand, the demand for capital is not increasing to the same extent, so that investment is not keeping pace with the rising desire to save. The resulting gap between the private desire for wealth and private investment can only be closed by increasi...
The Riddles of Philosophy
Written in 1909 (CW 13) "Esoteric science is the science of what takes place esoterically, in the sense that it is perceived not outside in nature but where one's soul turns when it directs its inner being toward the spirit. Esoteric science is the opposite and counterpart of natural science." -- Rudolf Steiner This masterwork of esotericism places humankind at the very heart of the vast, invisible processes of cosmic evolution. When we use the term "natural science," don't we mean that we are dealing with human knowledge of nature? Steiner worked and reworked his Rosicrucian cosmology to make it increasingly precise and accurate. An Outline of Esoteric Science is as vital and relevant now a...
