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Keywords: Wealth
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (1995) 22 (3-4-5): 171–186.
Published: 01 June 1995
... of the Wealth of Nations, had stated: “What is annually saved is as regularly consumed as what is annually spent, and nearly in the same time too; but it is consumed by a different set of people” (1776, pp. 337‐8). It is a fundamental characteristic of a monetary economy that the output at full...
