The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DISPAHITT BETWEEN S/l as MAJOR CAUSE OF DEPRESSIONS
theory stems from work of Wicksell; literature
divides into two schools
1. Keynes and his group ; also D. H. Robertson
2. Viennese school - Mises, Hayek, Haberler and Machlup
SAVING, INVESTMENT AND CAPITAL FORMATION I N ENGLISH
ECONOMIC LITERATURE
ABRAMOVITZ, Moses
Savings and investment: p r o f i t s v s . prosperity?
THE AMERICAN ECONOMIC REVIEW, SUPPLEMENT, XXXII,
June, 1942.
Pp. 36.
ALTMAN, Oscar L.
Saving, Investment, and National Income. MONOGRAPH NO.
37. Washington: Temporary National Economic Committee,
1 9 a . P P . x, 135.
Review:
by Milton Friedman, REVIEW OF ECONOMIC STATISTICS
Vol. XXVI, May, 19U, pp. 101-2.
M
Saving-investment theory of money
Bode, Karl and Haberler, Gottfried
Monetary equilibrium and the price level in
a progressive economy* A comment* (In:Economica,
Feb*19S5,p.75~82)
Criticism of statements of Mr. ^arrod or of
Mr* Kaldor in their concept of the relations between savings and investment*
With rejoinder from R* F*Har rod, p .,32-84 •
^-ctfrnrm&U*/c
BICKERDIKE, C. F.
Saving and the monetary system, THE ECONOMIC
JOURNAL,
September, 1925•
Pp. 13.
It vas not purely by normal savings that the rapid
growth of wealth in England and America during the
19th centiiiy and in Germany from 1870 to 1914 was
financed, but largely by extension of bank credit
in excess for the time being, of normal saving, resulting in periodical inflations. Abstract by W. 0.
Weyforth, AMERICAN ECONOMIC REVIEW, IV, Dec,
1925, p. 800.
BICKEEDIKE, C. F.
Saving and the Monetary System, ECONOMIC
JOURNAL, XXXV, No. 139,
September, 1925.
BICKERDIKE, C.P.
"Individual and Social Interests in Belation
to Saving
IBID Vol.XXXIV, No, 135 September 1921*
BRESCIANI-TUBEONI, C.
The theory of saving, ECONOMICA, III, new
series,
1936, pp. 1-23,
162-81.
M
Saving investment theory of money
Cassel, Gustav
The equilibrium of the c a p i t a l market. ( I n :
Skandinaviska Kreditaktiebolaget^July 1937,p.4144)
Mr.Cassel reduces the f a n t a s t i c t h e o r i e s of
scarcity of saving to common sense~
Clipped and f i l e d in Cassel folder on shelf.
M
Saving—investment theory of money
Chambers, S. P.
fluctuations in capital and the demand for
money.
(In: Rev.of Economic Studies,Oct.19F4,
p.58-50)
Discussion of the theoiy of formation of
capital.
M
Saving investment theory of money
Commons, John R.
Capacity to produce, capacity to consume,
capacity to pay debts. (In:Amer.Econ.Rev.,Dec.
1957,p.680-697)
A critique of Moulton and Keynes in their
theories concerning saving*
CURTIS, MFra
I s money saying equal to investment?
QUARTERLY JOURNAL OF ECONOMICS,
August, 1937.
Pp. 22.
M
Saving investment theory of money
Curtis, Btyra
Is money saving equal to investment? {In:
Quarterly Jr.of Economics,August 1957,p*604~25)
The author attacks the theory that Investment
equals savings, necessarily.
DANIELS, G. V.
Spending and investing, THE MANCHESTER SCHOOL,
Vol. V,
1934, pp. 102-17.
DANIELS, O.W.
"Spending and Investing"
THE MANCHESTER SCHOOL
Vol V No. 2, 193U
DOBB, M. H,
A note on saving and investment in a
socialist economy, ECONOMIC JOURNAL,
December, 1939.
Pp. 16
BGLE, V.
"Saving, investment and crisis," JOURNAL OF
POLITICAL ECONOMY,
Dec. 1935.
22 pp.
M
Saving-investment theory of money
Egle, Salter
Saving, investment, and crisis. (In:Jr.of
Political Economy,Dec.l9?5,p.7?l-4£)
»oi. 43* &u» b,
Mr.Egle attempts to explain the real differences in the theories of the various writers on
the saving theory and investment theory, and suggests that none of them explain the crisis. The
rate of saving is only a formula for other factors
standing behind it.
EZEKIEL, Mordecai
Annual estimate of savings by individuals,
REVIEW OF ECONOMIC STATISTICS, XXIX,
1937, pp. 178-91
savings of income-tax payers, 1918-35
u
Saving investment theory of money
Ezekiel, Mordecai
An annual estimate of savings by individuals
(In:Rev.of Economic Statistics, Harvard, Nov.,
1937,p.178-91)
An index of personal savings by persons for
idiom there are available data on income? through
income tax returns»
FEAVEARYEAR, A. E.
Capital accumulation and unemployiant,
ECONOMIC JOOBNAL, XLVI,
1936, pp. 211-24.
M
Saving investment theory of money
Feaveryear, A^ E*
Capital accumulation and unemployment • (In:
Economic Journal, June 1956, p*£ll-224)
An estimate of the rate of capital accumulation in Great Britain and of the quantity of investment likely to be required to provide for
future unemployment.
FISHER, Irving
M
Are Savings Income?" AMERICAN ECONOMIC ASSOCIATION,
PUBLICATIONS, Vol. I X, Series ?, 1908, pp. 21-48.
Discussion: W. M. Daniels; F. A* Fetter; A.tf.Flux)
J. F. Crowell, M. H. Robinson, pp. 48-58.
FISHER, Irving
Are sarLogs income? (with discussion) PUBLICATIONS
OF THE AMERICAN ECONOMIC ASSOCIATION, Series I I I ,
Vol. IX,
1908, pp. 21-^7.
Cco/vc*7i£
/Isso c / ^
QfuarUritf
Thi'd
T/CAJ
Sir//<-*•
Vol.
/*
FRISCH, Ragnar
The interrelation between capital production
and consumer taking, JOURNAL OF POLITICAL ECONOMY,
XXXIX,
1931, pp. 646-54Clark, J. M.: ^Capital production and
consumer taking,19 ibid*, pp. 814-16
Frisch, Ragnar: Capital production and consumertaking: a rejoinder, i b i d . , XL,
1932, pp. 253-55}
Clark, J.M.: Capital production and consumer-takin
a further word, i b i d . , pp. 691-93.
Frish, R.: Capital production and consumer
taking. A final word, i b i d . , p. 694.
FULCHER, Gordon S.
Annual saving and underspending of indivldiaals,
REVIEW OF ECONOMIC STATISTICS, Vol* XXIII,
1 9 U , pp. 28-39.
Estimate of savings Savings of individuals including
private enterprises, 1926-37•
GAINSBRUGH, M. R.
Total individual savings, liquid and
investment, 1900-1953, CONFERENCE BOARD ECONOMIC
RECORD,
April 22, 1940.
GARVT, George
Savings and the Problem of Inflation in the
United States, in SAVINGS IN THE MODERN ECONOMY, Pt.
IV. Minneapolis: University of Minnesota Press,
1953.
Also circulated as w Savings and Inflation."
Mimeo., American Assembly, Columbia University,
May, 195?- 57 pp.
GARVT, George
What do personal savings figures tell us,
AMLTSTS JOURNAL,
1951
GARVY, George
The role of dissaving in economic analysis,
JOUBNAL OF POLITICAL ECONOMT,
October, 1948, pp. 416-27.
GARVY, George
Savings concepts and data: the needs of economic
analysis and policy (discussion of paper J>y L. R. Klein
in SAVINGS IN THE MODERN ECONOMY.
pp. 129-32.
GARVY, (Seorge
The role of dissaving in economic analysis,
JOURNAL OF POLITICAL ECONOMY,
October, 1948.
12 pp.
GARVY, George
"The Role of Dissaving in Econondc Analysis,"
JOURNAL OF POLITICAL BCONOMI, LVI,
October 1947, pp. 335-41,
GOLDSMITH, R. W. BRADY, D. S. and MENDERSHAUSEN, H.
A STUDY OF SAVING IN THE UNITED STATES. Vol. I I I .
Princeton: Princeton University P r e s s , 1956. Pp. 4.71.
covers years 1897-194-9.
GOLDSMITH, B. V. and SALANT, V. S.
in STUDIES IN INCOME AND WEALTH, Volume III. New lork:
National Bureau of Economic Research, 1939 •
total savings for the nation broken down into
individual, business, and government
HANSEN, Alvin H.
"A note on savings and investment," REVIEW OF
ECONOMICS & STATISTICS,
February 1948.
U pp.
HANSEN, A. H.
A note on s a v i n g s and i n v e s t m e n t , REVIEW OF
ECONOMICS Sc STATISTICS,
F e b r u a r y , 1948•
p p . A*
HANSEN, A # H. and TOUT, HERBERT
"Investment and Saving in Business Cycle Theory*'
ECON., Vol. I, No. 2 April, 1933
HANSEN, A. H.
A note on savings and investment, REVIEW OF
ECONOMICS & STATISTICS, Vol. 3 0 , n o . 1 , Feb. 1948,
pp. 30-3
HANSEN, A. H. and TOUT, H.
"Annual Survey of Business Cycle Theory:
Investment and Saving in Business Cycle Theory,"
ECONOMETRICA,
May, 1933.
Pp. 17.
HANSEN, A. H. and TOUT,
Investment and Saving in Business Cycle
Theory, ECONOMETRICA,
April,
1933.
discussion and critique of Hayek's
views
HANSEN, A. H., Chairman; David Friday
"The Formation of capital: measurement and
relation to economic instability," AMERICAN ECONOMIC
REVIEW, SUPPLEMENT, XXIII, March 1933, pp. 91-97.
M
Saving-Investment theory of money
Harrod, R. F.
Rejoinder to Drs.Haberler and Bode*
Economica, Feb.1925, p.82-4)
(In:
Enumeration of the various ideas of saving
as held by the economists who discuss the saving
and investment theory of monetary stability,
particularly rejection of Mr.Keynes saving/investment equation.
HAET, Albert G.
Imputation and the demand for productive resources in
disequilibrium, in EXPLORATIONS IN ECONOMICS.
New York:
1936, pp. 264-271.
M
Saving investment theory of money
Hayek, F. A. von
Investment t h a t r a i s e s the demand for c a p i t a l
(In:Rev#of Economic S t a t i s t i c s . Harvard,Nov»
1957,p*174-7)
A careful analysis of the time s t r u c t u r e of
production (NOT in terms of an "average" period
of production) i s a necessary basis for a s a t i s factory analysis of the trade cycle•
M
Saving-investment theory of money
Hayek, F. A.
The mythology of capital.
(In:Quarterly
Jr* of Economics, Feb.l956,p.199-228)
Discussion of the capital formation theory
with criticise of articles by Prof .Knight who
has cruaaded against the concept of the period
of investments.
M
Saving investment theory of money
Hayek, f . A. von
Utility analysis and interest. (In:Economic
Journal, March 1936, p.44-60)
Hayek elaborates the idea of the rate of
saving necessary in a progressive society.
HAYEK, F.A.
n
0n the Relationship Between Investment and Output"
E . J . V o l . XLI7 No. 17U June, 193^
HAYEK, F. A.
On the relationship betveen investment and
output, ECONOMIC JOURNAL, XLIV,
1934, pp. 207-31.
HAYEK, F.A.
"A Note on the Development of the Doctrine of
•Forced Saving1".
Q.J.E., Vol XLVII, No. 1, November, 1932
HAYEK, F. A. von
A Note on the Development of the Doctrine of
•Forced Saving,' QUARTERLY JOURNAL OF ECONOMICS, Vol.
47, No. 1, November, 1932, pp. 123-133-
HAYEK, F. A. von
A note on the development of the doctrine
of forced saving, QUARTERLY JOURNAL OF ECONOMICS, XLVII,
(1932/33), pp. 123-33.
ufr X &Kj
r t rk +
"The 'Paradox' of Saving"
IBID., Vol XI No. 32, May, 1931
HMBK
t
r.,4. yen
ihe
Ytmdoy. ' £ dj^a
bc/Jd/tr/c/?
HEILBRONER, Robert L.
Saving and Investment: Dynamic Aspects, THE
AMERICAN ECONOMIC REVIEW, XXXII, December, 1942, pp.
827-28.
re Keynesian terminology
H
Saving-investment theory of money
Hicks, J* R.
A suggestion for simplifying the theory of
money.
(In:Economica, February,19F5,p.l-19)
Expounding the theory of money that the
differences in the reactions of member os the
community, those by poverty insensible to changes
in anticipations and those other people, with
savings and securities are much more sensitive,
should be studied*
HICKS, John R.
Vages and interest: the dynamic problem, ECONOMIC
JOURNAL, Vol. XLV, September, 1935, pp. 4-56-468.
HILL, Martin
"The Period of Production and Industrial
Fluctuation," THE ECONOMIC JOURNAL, XLIII,
1933.
pp. 599-610.
M
Saving)^ investment theory of money
Holden, G. R.
Mr, Keynes1 consumption function and the time
preference p o s t u l a t e , (In: Quarterly J r . of
Economics, Feb.1958,p.581-296)
Existence or nonexistence of an effective
count of the future remain nothing more than
t a t i v e postulates u n t i l s t a t i s t i c a l a n a l y s i s
tablishes the one or the o t h e r . Holden finds
"Consumption function 1 ' such a p o s t u l a t e .
dis
tenesthe
1
Saving: jLnvefitment JfoeoryL-pf money
Humphrey, Don D.
The relation of surpluses to income and employment during depressions. (In;American Economic Rev. ,Je.l938,p.225-34)
A decline in the rate of investment is accon*
panied by unemployment because we do not increase
consumption (except relatively) when our savings
are falling. Consumption is increased relative to
saving only when both consumption and saving fall,
JONES, J. E.
THE ECONOMICS OF SAVING.
Co., 1934. Pp. xvi, 171.
London: Reed and
KUHLER, A.
Scarcity and abundance of capital as cause of
crisis, SOCIAL RESEARCH,
Februaiy, 1937.
Pp. 17.
KALDOR, Nicholas
Annual Survey of Economic Theory} The
Recent Controversy on the Theory of Capital,
BCONOMETRICA,
July, 1937.
KEYNES, J. M., HAWTREY, E.G. and ROBERTSON, D.H.
Saving and hoarding, ECONOMIC JOURNAL,
December, 1933.
Pp. 15.
KING, V. I.
The net volume of saving in the United States,
JODENAL OF THE AMERICAN STATISTICAL ASSOCIATION, Vol.
XVIII,
1922, pp. 455-70.
Estimate of Savings
Total savings, 1909-18.
KNIGHT, Frank H.
"Diminishing returns from investment,"
JOUENAL OF POLITICAL ECONOMY, W t , T T T «. -,
LII> N
19U, pp. 26-47.
° * X'
KNIGHT, Frank H.
Diminishing Returns from Investment, JOURNAL
OF POLITICAL ECONOMY, L I I , March, 1 9 U , pp. 26-47.
LANGE, Oskar
The place of interest in the theory of production,
REVIEW OF ECONOMIC STUDIES, Vol- III,
June, 1936, pp* 159-162.
LAMB, L. A.
Saving, a means: not an end, BANKERS
MAGAZINE,Hay> i9ll-
LBONTIET, V. V.
Output, Employment, Con simp t ion, and
Investment, QUABTEBLY JOURNAL OF ECONOMICS,
February, 1944.
Pp. 25.
LEONTIEF, ¥ . W.
Interrelation of Prices, Output, S a v i n g
and Investment,
THE REVIEW OF ECONOMIC STATISTICS,
August, 1937.
LEONTIEF, Wassily
Interest on capital andd&tributionJ a problem
in the theory of marginal productivity, QUARTERLY
JOURNAL OF ECONOMICS, XLIX, November, 1934, pp. U 7 - 1 6 1 .
LERNER, A. P.
Saving Equals Investment, yUARTERLX
JOURNAL OF ECONOMICS,
February, 1938.
LEVEH, %urice, MOULTON, He Ge, and VARBURTON, Clark
AMERICA'S CAPACITY TO CONSUME*
Brookings Institution, 1934-
Washington:
individuals1 savings by income
classes
LEVIS, Cleona
The Trend of Savings, 1900-1929, THE JOURNAL OF
POLITICAL ECONOMY, Vol. XLIII,
pp. 535-47.
total and individuals' saving,
(based on Brookings'
data)
LOUGH, Villiaa H.
HIGH LEVEL CONSUMPTION. New lork:
1935.
pp. 2803o7 - withholdings of
individuals, 19U-29.
kotz. F.ftTh* o n c o t i c
Lit
o9
ALMOST
H*+ pf.
"HUB,
n*9-
SAUM^
pp.
^3-4 .
- /"JOeS+^^^r
*8&-Clt
M
Saving investment theory of money
Lutz, F. A.
The outcome of the savint-investment discussion, (In:Quarterly Jr.of Economics August 1958
p.588-614)
The saving and investment relation furnishes
us with Ittle more than a handy formula. The twin
concepts should be relegated to a position of
little attention.
LUTZ, F. A.
The outcome of the savings-investment
discussion, QUARTERLY JOURNAL OF ECONOMICS,
August, 1938.
Pp. 27.
MACHLUP, Fritz
Forced or induced saving: an exploration iii'to
its synonyms and homonyms, REVIEW OF ECONOMIC STATISTICS,
XXV, February, 1943, pp. 26-39-
MARSCHAK, Jacob
A note on the period of production, ECONOMIC
JOURNAL,
March, 1934.
Pp. 6.
MATTHEWS, R. C. 0 .
Savings and the trade c y c l e , THE REVIEW OF
ECONOMIC STUDIES, X X I l ( i i ) , No. 58, February, 1955.
MELVILLE, Leslie G.
The schedtiLe of interest rates and investment,
ECONOMIC RECORD, X,
1934, pp. 167-81.
MILLER, V. L.
The equality and inequality of saving and investment,
SOUTHERN ECONOMIC JOURNAL,
January, 1952.
10 pp.
MONROE, A. E.
"Investment and Saving: A Genetic Analysis"
A.J.E. Vol XLIII, No. k, August, 1929
MONROE, A. E.
"Investment end Saving: a Genetic
Analysis," QUARTERLY JOURNAL OF ECONOMICS, XLIII,
August, 1929, pp. 567-603.
MUNTZ, E. E.
"Vihat shall we do with our savings?"
SOUTH ATLANTIC QUARTERLY,
October, 1933.
MEADE, J. E.
THE RATE OF INTEREST IN A PROGRESSIVE
STATE. Nev York: Macmillan, 1933. Pp. x, 115.
Review:
by L. H. Seltzer, AMERICAN ECONOMIC REVIEW, XXIV,
June, 1934. pp. 289-90.
application of Keynes-Robertson thesis (relation
of saving-investment-spending) to a simplified
hypothetical economy.
MILLER, V. L.
The equality and inequality of saving and
investment, SOUTHERN ECONOMIC JOURNAL,
January, 1952•
10 pp.
OHLIN, B e r t i l
"Same Botes on the Stockholm Theory of
Savings and Investment," P a r t s I - I I , THE ECONOMIC
JOURNAL, XLVII, March and June, 1937, pp. 53-69j
pp. 221-240.
M
Saving-Investment theory of money
Qhlln, Bertil
Some notes on the Stockholm theoiy cf savings
and investments.
(In:Economic Journal,
March 1957,p.55-69 & Je.l937,p.?5?l-240)
lfr»0hlin suggests that the similarity between the theories of Wicksell,lfyrdal,Lindahl,
makes a comparison with the theoiy of Keynes,and
the General Theoiy useful, though a; 'more " ~ n
complete comparison must wait until the two
bodies of doctrines will have been available in
English.
ROBERTSON, D. H.
"Saving and hoarding," ECONOMIC JOURNAL,
XLIII, Sept. 1933, pp. 399-413.
ROBERTSON, D. H.
Saving and hoarding, ECOHOMIC JOURNAL,
XLIII, September, 1933, PP- 399-413.
ROBINSON, Joan
k
parable on savings and investment,"
ECONOMICA,
February, 1933.
Pp. 10.
BECKHART, B. H.
III.
THE NEW YORK MONEY MARKET. VOL.
USES OF FUNDS. New York: Columbia U n i v e r s i t y P r e s
BOLPH, Earl
The discounted marginal productivity doctrine,
JOURNAL OF POLITICAL ECONOMY, Vol. 47, No. 4, August,
1939, P P . 542-556.
SALANT, William A.
Saving, Investment, and Stability, AMERICAN ECONOMIC
REVIEW, SUPPLEMENT, vol. 46, May, 1956, pp. 87-96.
Discussion2
Lloyd Ulman and Lorie Tarshis, pp. 114-18.
SAMUELSON, P. A.
Some aspects of the pure theory of capital,
QUARTERLY JOURNAL OF ECONOMICS,
May, 1937.
SAUNDERS, C. T.
The p a t t e r n of s a v i n g s and i n v e s t m e n t ,
THE REVIEW OF ECONOMIC STUDIES, X X I I ( i i ) , No. 58,
Feb. 1955.
Iff
S a v i n g in^eBtmenlLJtlieQiy of money
Saving and investment:definitions, assumptions, objectives. (In: Quarterly Journal of
Economics, August 1939,p#611-644.)
Discussion by several people of the Keynes1
theory,Mr Lutz f s definitions and objections,of
the the relation of savings and investment* sad
the propensity to consume•
no other cards
SCHNEIDER, Erich
Saving and investment in a closed economy (1942),
INTERNATIONAL ECONOMIC PAPERS, ed. by A. T. Peacock,
R. Turvey, H# £. Houthakker, F. A. Lutz, and
Eliabeth Henderson. New York; The Macmillan Co.,
Vol. 1, 1951.
Swedish theory of S/l
SHENOY, B. R.
The classical theory of saving, INDIAN
JOUPEAL OF ECONOMICS,
October, 194-7.
pp. IX*
SMITHIES, Arthur
Behavior of money national income under
inflationary conditions, QUARTERLY JOURNAL OF ECONOMICS,
LVII, November, 1942, pp. 113-128.
Distinction between "normal" and
"abnormal" savings
M
Saving investment theory of money
Smithies, A*
The ^ustrial theory of capital in relation
to partial equilibrium theory• (In:Quarterly
Journal of Economics, Nov.l955fp.ll7-15Q)
On the basis of voluntary saving the effect
of a change in the rati of interest depends directly on the relation between the change in the demand for the product and the change in the accumulated marginal cost of the factoryof production to
the entrepreneur.
TAKATA, Y.
Saving a s t h e c o s t l e s s p r o c e s s , KYOTO
UNIVERSITY ECONOMIC REVIEW,
December, 1933•
Pp. 2 1 .
THEISS, Edward
Dynamics of saving and investment, ECONOMETRICA,
Vol. 3, April, 1935, pp. 213-22-4.
TOUT, Herbert
"Investment and Saving in Business
Cycle Theory," ECONOMETRICA,
April, 1933-
TUCKER, Rufus S.
Capital money and revenue funds,
THE AMERICAN ECONOMIC REVIEW, XXXII, September, 1942,
pp. 468-485.
Saving/investment theory of Money
VILLARD, H. H.
Dr
- Mduligfe^ § estimates of savings and
investment, AMERICAN ECONOMIC REVIEW, XXVII,
September, 193% pp,
Moulton f s Theoretical Analysis,
POLITICAL SCIENCE QUARTERLY,
September, 1938.
M
Saving investment theory of money
Villard, Henry Hilgard
Dr. Moulton1 s estimates of saving and investment,
(In:American Economic Rev.,Sept.1957,
p.479-489)
Criticism of the savings idea as incorporated in the four books by Brookings, on capital,
consumption and production.
VITO, Francesco
I I risparimio forzato e l a t e o r i a di c i c l i
economici, RIVISTA INTERNAZIONALE DE SCIENEE
SOMALI,
193 A.
WALKER, E. Ronald
Saving and investment in monetary
theory, ECONOMIC RECORD, IX,
1933, PP. 185-201.
VALKER, E. Ronald
"Saving and investment in nonetary theory,"
ECONOMIC RECORD,
December, 1933.
Pp. 17.
VHITNEY, Simon N.
Do savings hamper prosperity? BANKERS MAGAZINE,
November, 1933.
Pp. U.
VARBURTON, Clark
Volume of savings, quantity of money,
and business instability, JOURNAL OF POLITICAL
ECONOMY, Vol. LV, No. 3, June, 1947, pp. 222-233.
VAEBURTON, Clark
The Trend of Savings, 1900-1929, THE JOtJIlAL
OF POLITICAL ECONOMI, Vol. XLIII,
1935, pp. 84-101.
Estimate of savings
total and individuals' saving, 1914-29.
VATKINS, 0. P.
"Economics of Saving," AMERICAN ECONOMIC
REVIEW, m i l , March, 1933, pp. 61-Sl.
WOLFE, A* B.
Savers1 Surplus and the Interest Rate,
QUARTERLY JOURNAL OF ECONOMICS,
November, 1920.
Pp. 35.
A study of the sources of savings, of the psychology
of saving, and of the magnittide and importance of the
saver1 s surplus* The facts suggest scepticism about
any theory based upon fhedonistic marginalism,1
Abstract by Walton H. Hamilton, AMERICAN ECONOMIC
REVIEW, XI, March, 1921, p. 151.
@FedFRASER