The Complete Equation, Saving Equals Investment  

Oleh:

Gonzalez, Jose Villacis

Jenis: Article from Journal - e-Journal
Dalam koleksi: International Journal of Research Science and Management vol. 01 no. 04 (Sep. 2014), page 8-22.
Topik: income; production; net availables; second-degree working capital; savings; investment; static; dynamic
Fulltext: 01_04_Gonzalez.pdf (413.69KB)

Isi artikel

Before publicat ion of Keynes’ General Theory of Employment, Interest and Money in 1936, Germán Bernácer had discovered both third-degree net availables and second-class working capital two decades earlier in 1916, neither of which has yet been incorporated in today’s economics. This work undertakes the task, which results in a significant change to the fundamental equation: savings equals investment. To facilitate analysis we separate the process into three phases: the first introduces new availables or net availables of the third degree. The second adds second-degree working capital and the new money required to fund it. In the third we reach the final equation, the result of the two previous phases.

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