by Summary:
A lot of pseudo-problems arise from confusion about use of terms, especially when key terms are ambiguous. For example, "capital" can be either financial or non-finanacial ("real" or actual). "Investment" has two different meanings. Financial "investment" is portfolio wealth held as financial instruments a form of savings in contrast to real goods like real estate, physical precious metals, and collectibles like art. "Savings" denotes a stock, and "saving" denotes a flow. "Savings" denotes portfolio holdings that can be held either in financial instruments or non-fiancial goods. "Saving" is defined in macroeconomics as income not spent ("consumed") in an accounting period. Failure to recognize these ambiguities results in conflation of concepts and confusion about finance
Topics:
Mike Norman considers the following as important: investment, Richard Thaler
This could be interesting, too:
A lot of pseudo-problems arise from confusion about use of terms, especially when key terms are ambiguous. For example, "capital" can be either financial or non-finanacial ("real" or actual). "Investment" has two different meanings. Financial "investment" is portfolio wealth held as financial instruments a form of savings in contrast to real goods like real estate, physical precious metals, and collectibles like art. "Savings" denotes a stock, and "saving" denotes a flow. "Savings" denotes portfolio holdings that can be held either in financial instruments or non-fiancial goods. "Saving" is defined in macroeconomics as income not spent ("consumed") in an accounting period. Failure to recognize these ambiguities results in conflation of concepts and confusion about finance
Topics:
Mike Norman considers the following as important: investment, Richard Thaler
This could be interesting, too:
T. Sabri Öncü writes To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
T. Sabri Öncü writes To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
T. Sabri Öncü writes To Loot or Not to Loot? How Public-Private Partnerships Harmed Turkey
Ann Pettifor writes Rentier capitalism is profoundly risk-averse
For example, "capital" can be either financial or non-finanacial ("real" or actual).
"Investment" has two different meanings. Financial "investment" is portfolio wealth held as financial instruments a form of savings in contrast to real goods like real estate, physical precious metals, and collectibles like art.
"Savings" denotes a stock, and "saving" denotes a flow. "Savings" denotes portfolio holdings that can be held either in financial instruments or non-fiancial goods. "Saving" is defined in macroeconomics as income not spent ("consumed") in an accounting period.
Failure to recognize these ambiguities results in conflation of concepts and confusion about finance and economics.
Steve Roth