Abstract
Financial assets play two roles in the economy. They provide wealth-holders with assets which relieve the saver of having to own and operate real capital, and they serve to transfer purchasing power from surplus- to deficit-spending decision units. Macroeconomic theory until recently has concentrated almost exclusively on the portfolio role of financial assets (including money), leaving implicit their role in financing expenditure.1
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Copyright information
© 1992 Victoria Chick
About this chapter
Cite this chapter
Chick, V. (1992). Financial Counterparts of Saving and Investment and Inconsistency in a Simple Macro Model. In: Arestis, P., Dow, S.C. (eds) On Money, Method and Keynes. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-21935-3_4
Download citation
DOI: https://doi.org/10.1007/978-1-349-21935-3_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-21937-7
Online ISBN: 978-1-349-21935-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)