Capital Gains: Towards a Hicksian Definition of Income

Basil John Moore

Chapter 8 in Shaking the Invisible Hand, 2006, pp 174-194 from Palgrave Macmillan

Abstract: Abstract As shown in Chapter 7 national saving is the accounting record of national investment. So long as capital budgeting is followed consistently saving is always identical to investment, irrespective of how complicated the model or how many sectors it contains.

Keywords: Capital Gain; Financial Asset; Current Income; Investment Spending; Current Market Price (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51213-9_8

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DOI: 10.1057/9780230512139_8

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