The Economics of Normalcy
The Economics of Normalcy
About this item
Full title
Author / Creator
Publisher
New York, USA: Cambridge University Press
Journal title
Language
English
Formats
Publication information
Publisher
New York, USA: Cambridge University Press
Subjects
More information
Scope and Contents
Contents
For reasons that were exogenous or predetermined, the ex ante propensity to invest out of income in the United States declined in the 1920s while the ex ante propensity to save increased. The consequent ex ante surplus available for saving drove up asset prices. Higher asset prices produced a substantial wealth effect on consumption, converting ex...
Alternative Titles
Full title
The Economics of Normalcy
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_1290478690
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1290478690
Other Identifiers
ISSN
0022-0507
E-ISSN
1471-6372
DOI
10.1017/S0022050700026863
