Re: S=I, an old debate.

[Chas Anderson <chasna@xxxxxxxxxxx>]

Paul, I would define saving as the purchase of new interest-bearing financial
assets,  and non interest-bearing assets.  This definition would extend to
account for the purchase of new capital from income where I=S. Saving,
however, need not flow from current income regardless of how one defines
the latter concept, i.e., value of current output or receipt of money income.

Chas

Chas


At 07:40 PM 8/16/98 -0500, you wrote:
>At 02:57 PM 8/15/98 -0700, CHAS wrote:
>>At 02:16 PM 8/15/98 -0700, you wrote:
>>>Louis-Philippe Rochon had written:
>>>http://csf.colorado.edu/mail/pkt/nov97/0113.html
>>>
>>
>>Davidson side-steps the priority problem by using a definition of saving
>>that doesn't really tell us "what it is," only that it is part of something
>>else, which he also doesn't define.
>>
>>Chas
>>
>
>I have always defined real saving as all resources that are not used to
>produce consumption goods.  How would you define it?
>Paul Davidson
>Holly Chair of Excellence in Political Economy
>Economics Department -- 523 SMC
>University of Tennessee
>Knoxville, Tennesseee 37996-0550
>email: Pdavidson@xxxxxxx;   phone: (423)974-4221;    fax: (423) 974-1686
>