Saving and Debt
When he discussed savings and consumption in the General Theory, Keynes distinguished neither between capitalists and workers nor between business and households. Notwithstanding the importance of the first of these two distinctions I shall deal in this chapter only with the second which involves problems of its own.
KeywordsGovernment Spending Budget Deficit Debt Ratio Household Saving Effective Demand
Unable to display preview. Download preview PDF.
- Harrod, R. F. (1951) The Life of John Maynard Keynes (New York: Avon).Google Scholar
- Minsky, Hyman P. (1982) ‘The potential for financial crisis’, working paper, Washington University, St Louis (December).Google Scholar
- Steindl, J. (1982) ‘The role of household saving in the modern economy’, Banca Nazionale del Lavoro Quarterly Review (March).Google Scholar