Money, Investment and Saving
The whole object of the accumulation of Wealth is to produce results, or potential results, at a comparatively distant, and sometimes at an indefinitely distant, date. Thus the fact that our knowledge of the future is fluctuating, vague and uncertain, renders Wealth a peculiarly unsuitable subject for the methods of classical economic theory.1
KeywordsMonetary Policy Monetary Economy Money Balance Loanable Fund Abstract World
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Notes and References
- 1.J. M. Keynes, ‘The General Theory of Employment’, The Quarterly Journal of Economics (Feb. 1937) p. 213.Google Scholar