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Published in:
1989 | OriginalPaper | Chapter
The Finance of Investment
Author : Gordon A. Fletcher
Published in: The Keynesian Revolution and its Critics
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Keynes attacked the widespread belief that investment is somehow financed by saving. The persistence of this myth must no doubt be attributed partly to its inherent plausibility: that because saving is a withdrawal from the income stream and investment is an injection, and because in equilibrium saving is equal to investment, it seems only commonsense to suppose that that which is saved must supply that which is invested.