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Capital gains, total returns and saving rates

Author

Listed:
  • Michael Hudson

    (University of Missouri)

Abstract

To focus on the dynamics of how financial wealth is created, obtained, and valued, this paper (1) distinguishes capital gains from income by measuring total returns, and (2) contrasts the capitalized value of rentier income (rent extraction rights and privileges from land, natural resources, and monopolies) from that of industrial profits on tangible capital investment.

Suggested Citation

  • Michael Hudson, 2013. "Capital gains, total returns and saving rates," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(2), pages 221-230.
    • Handle: RePEc:elg:ejeepi:v:10:y:2013:i:2:p221-230
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    References listed on IDEAS

    as
    1. Michael Hudson, 2006. "Saving, Asset-Price Inflation, and Debt-Induced Deflation," Chapters, in: L. Randall Wray & Mathew Forstater (ed.), Money, Financial Instability and Stabilization Policy, chapter 6, Edward Elgar Publishing.
    2. L. Randall Wray & Mathew Forstater (ed.), 2006. "Money, Financial Instability and Stabilization Policy," Books, Edward Elgar Publishing, number 3902.
    3. Michael Hudson, 2011. "Simon Patten on Public Infrastructure and Economic Rent Capture," American Journal of Economics and Sociology, Wiley Blackwell, vol. 70(4), pages 874-903, October.
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    Cited by:

    1. Valeriya V. Litvin, 2018. "The Study of Properties and Functions of a National Savings System Based on the Concept of Emergence," Journal of New Economy, Ural State University of Economics, vol. 19(1), pages 26-37, February.

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    More about this item

    Keywords

    national income accounting; saving; capital gains;
    All these keywords.

    JEL classification:

    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment

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