Savings, Investment and Debt

Geoffrey W. Gardiner

Chapter 12 in The Evolution of Creditary Structures and Controls, 2006, pp 174-194 from Palgrave Macmillan

Abstract: Abstract IN CHAPTER SIXTEEN of his book The General Theory of Employment, Interest and Money Lord Keynes analysed the nature and effects of saving. He pointed out that when a person saves he or she is postponing consumption, possibly, but not necessarily, with a view to consuming later. The consequence of this, Keynes suggested, is that saving reduces the immediate demand for goods and services. The first conclusion the reader is led to draw from his analysis is that saving must cause unemployment.

Keywords: Mutual Fund; Pension Fund; Financial Asset; Capital Formation; Productive Asset (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28844-7_12

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230288447

DOI: 10.1057/9780230288447_12

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().