Re: S=I, an old debate.

[Chas Anderson <chasna@xxxxxxxxxxx>]

At 04:03 PM 8/17/98 +1000, you wrote:
>At 21:09 16/08/98 -0700, Chas wrote:
>
>>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.
>
>	For the purchase of assets that were not financed out of income,
>how was the purchase financed?
>
>
>Virtually,
>
>Bruce McFarling, Newcastle, NSW
>ecbm@xxxxxxxxxxxxxxxxxxx


Say, dishoarding if income is defined as receipt of money income, more
possibilities if income is defined as value of current output.

Chas