The Economics of Saving

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This volume explores the principle issues in the economics of saving and features seven new essays by leading authorities in the field. The book covers the topics of theoretical constructs, measurement problems, empirical findings, Ricardian equivalence, the twin deficits, and supply-side doctrine. In addition, it relates saving to income distribution, economic growth, transition to growth, and economic development. The discussion is enriched by commentaries from a second set of scholars and throughout the volume the book notes controversies and tensions that characterize contemporary economic thought on saving. Nevertheless, the book also notes the consensus and harmonies that give fullness to the dialogue. The Economics of Saving is both a reference tool for researchers and a supplementary text for graduate students.