Abstract
It is not the objective of this chapter to question whether or not a government should allow a period of forced saving to develop. This question has been more than adequately discussed elsewhere.1 Here we are primarily concerned with the validity of the thesis itself. Can forced saving actually arise in a period of expansion?
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Critical Comment on the Forced Saving Thesis
In the early classical literature see J. Bentham, Economic Writings, (ed. W. Stark), (London: Allen & Unwin for the Royal Economic Society, 1952), see especially Vol. 1, p. 237.
See also for an excellent discussion B. Corry, op cit. pp. 55–61 and D. O’Brien, The Classical Economists, (Oxford: Clarendon Press, 1975) pp. 162–5.
F. W. Taussig, Principles of Economics, 3rd Ed., (New York: Macmillan, 1939) Vol. I, p. 357. See also DHR, BPPL, p. 52.
See especially R. G. Hawtrey, Capital and Employment, (Longmans, 1937) Ch. VIII.
J. Robinson, An Introduction to the Theory of Employment, (London: Macmillan, 1937) Ch. III.
S. Strigl, Kapital Und Produktion, (Vienna, 1934) p. 195.
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© 1978 John R. Presley
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Presley, J.R. (1978). Critical Comment on the Forced Saving Thesis. In: Robertsonian Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-03239-6_11
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