The Meaning of Saving and Investment Further Considered

  • John Maynard Keynes


In the previous chapter saving and investment have been so defined that they are necessarily equal in amount, being, for the community as a whole, merely different aspects of the same thing. Several contemporary writers (including myself in my Treatise on Money) have, however, given special definitions of these terms on which they are not necessarily equal. Others have written on the assumption that they may be unequal without prefacing their discussion with any definitions at all. It will be useful, therefore, with a view to relating the foregoing to other discussions of these terms, to classify some of the various uses of them which appear to be current.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • John Maynard Keynes
    • 1
  1. 1.CambridgeUK

Personalised recommendations