出版社:Liberalni Institut, University of Economics, Prague
摘要:Clarity in language in the sin qua non of any intellectual pursuit. If we
cannot communicate accurately with one another, there is no hope of progress in scientific
endeavor. Nowhere is this more true, at least in economics, than with regard
to such concepts as real, as opposed to financial, saving and investment. The present
paper constitutes an attempt to clarify the sometimes confusing dialogue that often
ensues in this arena when sufficient care is not taken to distinguish between these
very different topics. To wit, it is our hypothesis that while financial saving and investment
may indeed and often do diverge from one another, the same is not at all
true of real saving and real investment. In the latter case, real saving does not precede
real investment; rather, it is coincident with it.