Progressing economy is an economy in which the per capita quota of invested capital is increasing. This increase in capital goods results in an increase in per capita income. In a progressing economy total entrepreneurial profits thus exceed total entrepreneurial losses. Since incomes and capital accumulation are incapable of measurement, the existence of a progressing economy can only be grasped by resorting to historical understanding.
- Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-20.