Tag: Great Crash 1929

In Economics, What Is “The Bezzle?”

John Kay writing in the Financial Times, 22 October 2003 pointed out an interesting condition described by Economist John Kenneth Galbraith.  The Bezzle.  A tiny “embezzle” I suppose. “John Kenneth Galbraith’s greatest contribution to economics is the concept of the bezzle, that increment to… Continue Reading “In Economics, What Is “The Bezzle?””