Re: General Theory Seminar --Savings and Investment

[dequech@xxxxxxxxxxxxxx]

Dear Basil and others,

Before Paul replies to Basil (if he does), let me say the following.
If savings is the accounting counterpart of investment (in a closed economy
with a balanced budget) and if "there is not an independent behavioural
saving relationship", it doesn't make sense to discuss "if savers wish to
save more than investors wish to invest", does it? After all, don't the
first two sentences mean that people don't decide to save?
Just trying to avoid confusing expressions,
David Dequech