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Books Books 1 - 3 of 3 on The prevalence of the idea that saving and investment, taken in their straightforward....
" The prevalence of the idea that saving and investment, taken in their straightforward sense, can differ from one another, is to be explained, I think, by an optical illusion due to regarding an individual depositor's relation to his bank as being a one-sided... "
Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of ... - Page 24
edited by - 2006 - 448 pages
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A Handbook of Alternative Monetary Economics

Philip Arestis, Malcolm C. Sawyer - Business & Economics - 2006 - 524 pages
...321) once put it, 'you cannot ride on a claim to a horse, but you can pay with a claim to money'. 7. 'The prevalence of the idea that saving and investment,...to regarding an individual depositor's relation to this bank as being a one-sided transaction, instead of seeing it as the two-sided transaction which...
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Post-Keynesian Principles of Economic Policy

Claude Gnos, Louis-Philippe Rochon - Business & Economics - 2006 - 276 pages
...when the government pays market prices for everything' (Wray, 1998, p. 3). 10 'The prevalence that the idea that saving and investment, taken in their...an individual depositor's relation to his bank as a one-sided transaction, instead of seeing it as the two-sided transaction which it actually is' (Keynes,...
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Economics and Ethics of Private Property

...take place to which "no genuine saving" corresponds, ie, the idea that saving and investment . . . can differ from one another, is to be explained, I think, by an optical illusion, (p. 81) [T]he savings which result from this decision are just as genuine as any other savings. No...
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