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Modigliani life cycle
Ironically, he is of course correct in real terms-
real savings is only the result of actual
employment/production, etc. So one doesn't save in
real terms, but only consumes, until one goes to work,
and when one retires one only consumes as well.
Warren Mosler
(send Nobel prize money to CFEPS, c/o UMKC)
=====
Warren Mosler, www.mosler.org
Valance Co. Inc.
5000 Estate Southgate
Christiansted, USVI 00820
340-692-7710 office phone
Primary email contact: wmosler@xxxxxxxxxx
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- Thread context:
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John Gelles Mon 13 Oct 2003, 15:30 GMT
- Modigliani life cycle hypothesis,
pdavidso Sun 12 Oct 2003, 20:23 GMT
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Warren Mosler Sun 12 Oct 2003, 18:36 GMT
- Re: Economic Science [Was: Re: The Widow's Cruse,
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