Wealth and Desired Wealth

Carl Christian von Weizsäcker () and Hagen Krämer
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Carl Christian von Weizsäcker: Max Planck Institute for Research on Collective Goods

Chapter Chapter 3 in Saving and Investment in the Twenty-First Century, 2021, pp 43-61 from Springer

Abstract: Abstract With increasing general prosperityProsperity, desired wealthWealth, desired increases faster than current consumption. There is thus a secular tendency for the “waiting periodWaiting period” Z to grow. This is already the case for demographic reasons that hold for the global population as a whole. The proportion of the global population living in absolute poverty is rapidly declining. A monetary system offering stable purchasing power represents an important contribution of society to facilitating adequate private provision for the future. The “savings triangleSavings triangle” is a highly simplified, but neat representation of these interrelationships. It offers a good approximation of the facts.

Date: 2021
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DOI: 10.1007/978-3-030-75031-2_3

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