Advertisement

The Definition of Income, Saving and Investment

  • John Maynard Keynes
Chapter

Abstract

During any period of time an entrepreneur will have sold finished output to consumers or to other entrepreneurs for a certain sum which we will designate as A. He will also have spent a certain sum, designated by A1, on purchasing finished output from other entrepreneurs. And he will end up with a capital equipment, which term includes both his stocks of unfinished goods or working capital and his stocks of finished goods, having a value G.

Preview

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