The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Finance and Saving

  • Victoria Chick
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_245

Abstract

Saving and finance are now clearly distinguished (though perhaps surprisingly this is a fairly recent development). Finance refers to monetary transactions securing the means of payment for purchases in excess of current cash flow or funding the holding of assets. Problems of finance exist for individuals or firms, not for economies as a whole except in relation to other countries; accordingly, the analysis of finance is microeconomic in character.

This is a preview of subscription content, log in to check access.

Bibliography

  1. Keynes, J.M. 1936. The general theory of employment interest and money. London: Macmillan.Google Scholar
  2. Keynes, J.M. 1973. The collected writings of John Maynard Keynes, vol. XIV. London: Macmillan.Google Scholar
  3. Marx, K. 1867. Capital. Hamburg: Otto Meisner.Google Scholar
  4. Ricardo, D. 1817. Principles of political economy and taxation,, 1971. Harmondsworth: Penguin Books.Google Scholar
  5. Robertson, D.H. 1940. Effective demand and the multiplier. In Essays in monetary theory, ed. D.H. Robertson. London: P.S. King.Google Scholar
  6. Wicksell, K. 1901. Lectures in political economy,, 1934. London: Routledge & Kegan Paul.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Victoria Chick
    • 1
  1. 1.