Roundaboutness, or roundabout methods of production is the term used to describe the process whereby capital goods are produced first and then, with the help of the capital goods, the desired consumer goods are produced.
The term was devised by the Austrian School economist, Eugen von Böhm-Bawerk who maintained that it was consumer demand, and not necessarily the supply of savings that would determine the capital investment in any industry.
The concept has similarities to the later Keynesian theory developed in the 1930s.
Roundabouts are safer than both trafficcircles and traditional intersections—having 40% fewer vehicle collisions, 80% fewer injuries and 90% fewer serious injuries and fatalities (according to a study of a sampling of roundabouts in the United States, compared with the intersections they replaced).
The Magic Roundabout was an animated children's television programme created in France in 1963, and shown in the UK with an English narration from 18 October 1965 to January 1977.
The set was a brightly coloured and stylized park containing the eponymous roundabout (a fairground carousel).
In 1975 Jasper Carrott recorded a short, risqué comic monologue, parodying The Magic Roundabout, which was released on a single as the B-side of his comic song "Funky Moped".
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