 | Thomas Robert Malthus - Business & Economics - 1989 - 518 pages
...stimulated by devoting more labour to the provision of non-material services. 1.31 hi Adam Smith 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.' ( Wealth of Nations,... | |
 | Stephen Gudeman, Alberto Rivera - Business & Economics - 1990 - 224 pages
...savings were welded together, while being thrifty and holding the savings were teased apart (p. 359). 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. That portion of his... | |
 | John Eatwell, Murray Milgate, Peter Newman - Business & Economics - 1990 - 406 pages
...clearly, for example, from Smith's statement, repeated almost verbatim by Ricardo, according to which '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' (Smith, 1776, vol.... | |
 | W. W. Rostow - Business & Economics - 1992 - 733 pages
...commentators. But what Smith had in mind — who the heroes and villains were — is quite clear:93 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. That portion of his... | |
 | David Hamilton - Economics - 1970 - 158 pages
...attributed to Say, Adam Smith could be quoted to the same effect, and he antedates both Say and Ricardo. 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. That portion of his... | |
 | Robin Paul Malloy, Jerry Evensky - Business & Economics - 1994 - 250 pages
...Say's law, Smith argues that this savings does not represent a leakage of demand from the economy: '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.' (Smith, 1976A, 337-8).... | |
 | John Cunningham Wood - Biography & Autobiography - 1993 - 664 pages
...more or less important.21 It follows from the above considerations that when we read the proposition that "What is annually saved is as regularly consumed as what is annually spent"28 we should not be led to interpret Smithian macro-economics in terms of a model where output... | |
 | Douglas Vickers - Business & Economics - 1994 - 286 pages
...in his famous espousal of the Turgot,Smith doctrine of saving and investment (Schumpeter 1954, 324): "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" (Smith [1776) 1937,... | |
 | James Maitland Earl of Lauderdale - Business & Economics - 1996 - 184 pages
...deprivation of expence as favorable [sic] to the increase of national wealth but in the next page he says that "What is annually saved is as regularly consumed as what is annually spent and nearly in the same time to" [sic = too] so that we are led to imagine that he does not mean to... | |
 | Joyce Oldham Appleby - Knowledge, Sociology of - 1996 - 578 pages
...into motion an additional quantity of industry, which gives an additional value to the annual produce. 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. That portion of... | |
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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. 
