On 12/17/2012 11:13 PM, James C.W. Ahiakpor wrote:
> Only when one defines saving as the hoarding of cash, as Keynes incorrectly did
"So far as I know, everyone is agreed that saving means the excess of income over expenditure on consumption."
- Keynes, GT Chapter 6. The Definition of Income, Saving and Investment
hth,
Alan Isaac