The Finance of Investment

Gordon A. Fletcher
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Gordon A. Fletcher: The University of Liverpool

Chapter 9 in The Keynesian Revolution and its Critics, 1987, pp 96-118 from Palgrave Macmillan

Abstract: Abstract Keynes attacked the widespread belief that investment is somehow financed by saving. The persistence of this myth must no doubt be attributed partly to its inherent plausibility: that because saving is a withdrawal from the income stream and investment is an injection, and because in equilibrium saving is equal to investment, it seems only commonsense to suppose that that which is saved must supply that which is invested.

Keywords: Finance Motive; Cash Holding; Monetary Economy; Money Stock; Money Balance (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-08736-5_9

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DOI: 10.1007/978-1-349-08736-5_9

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