I have always felt that the Austrian inter-temporal structure of the production

I have always felt that the Austrian inter-temporal structure of the production cycle was a little old fashioned but of metaphor given that firms have evolved to multiple networks of more dynamic investment structures wherein each unit is more perishable, and where each is far less dependent upon a planned structure of production and instead is constantly shuffling portfolios of production among customers.

And I’ve felt that the problem not just of cycles, nor of exhaustion of opportunities, nor of forming networks to exploit opportunity, but that at some point we approach the problem of having created enough consumption that people are decreasingly willing to trade increases consumption of signals for leisure, or even for doing *nothing*. ( I certainly have reached that point – the sole purpose of money is to associate with peers, and disassociate from undesirables. In that sense my consumption is primarily one of location. ) I mean, american males are exiting society and economy in droves – they can afford to.

So while there always appears to exist possible increases in consumption, one eventually has to resort to the immigration of underclasses to continue generating consumption. This process too leads to booms and busts and social instability.