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Social and Economic Choices

In: Reversing Economic Decline

Author

Listed:
  • John C. Carrington
  • George T. Edwards

Abstract

Financial savings can be transferred to a number of alternative uses — for example, for consumer credit, industrial investment credit, government borrowing, foreign lending, or for speculative purchases — and the balance of use of these savings for each of these choices results in a different kind of society and economy. It is the purpose of this chapter to outline the consequences arising from the transfer of savings to particular uses and to discuss the kind of economy resulting from the economic preferences implicit in the uses of financial saving in France, Japan, West Germany, the UK and the USA, thereby highlighting the available choices.

Suggested Citation

  • John C. Carrington & George T. Edwards, 1981. "Social and Economic Choices," Palgrave Macmillan Books, in: Reversing Economic Decline, chapter 3, pages 62-92, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16497-4_3
    DOI: 10.1007/978-1-349-16497-4_3
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