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Societies for the History of Economics

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Subject:
From:
Alan G Isaac <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Tue, 18 Dec 2012 08:16:18 -0500
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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

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