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Net Private Savings in Relation to the Government’s Financial Balance

In: Economic Crisis and Political Economy

Author

Listed:
  • Kazimierz Łaski

    (University of Linz)

  • Leon Podkaminer

    (Institute of Economic Sciences of the Polish Academy of Sciences)

Abstract

Looking at a national economy from both the income and expenditure sides, we get the following identity: where YD denotes the disposable income of the private sector, T. is the disposable income of the government (all taxes net of all monetary transfers to the private sector) and M is the income of the rest of the world (RoW) from imports of the national economy in question (the left-hand side of (7.1)). On the right-hand side of (7.1) we have private sector expenditures on consumption (CP) and that sector’s gross invest- ment (IP), government expenditure on goods and services (G), and RoW expenditure on the national economy’s exports (X). By simple rear- rangement, we get

Suggested Citation

  • Kazimierz Łaski & Leon Podkaminer, 2014. "Net Private Savings in Relation to the Government’s Financial Balance," Palgrave Studies in the History of Economic Thought, in: Riccardo Bellofiore & Ewa Karwowski & Jan Toporowski (ed.), Economic Crisis and Political Economy, chapter 7, pages 106-112, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-1-137-33575-3_8
    DOI: 10.1057/9781137335753_8
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    Cited by:

    1. N/A, 2017. "Kazimierz Å aski, 15 December 1921 to 20 October 2015," The Economic and Labour Relations Review, , vol. 28(3), pages 474-480, September.

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