World Saving, Prosperity and Growth

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This book presents and evaluates the new theoretical perspective in which saving and investment are coming to be viewed by theoretical and applied macroeconomists working on open economies and the (closed) global economy. The long slump experienced during the 1980s over much of the world, not only Europe, looks clearly unkeynesian, while the 1990s threaten new sorts of disturbances that will put the old ideas to the test once again.