Saving - Revision history

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	* [[Wikipedia:Saving\|Saving]] on Wikipedia		* [[Wikipedia:Saving\|Saving]] on Wikipedia
	* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff		* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff
	* [~~http~~://~~mises~~.org/~~etexts~~/~~functionofsaving.asp~~ The Function of Saving] by [[Eugen von Böhm-Bawerk]]		* [https://freecapitalists.org/books/function-of-saving-the-eugen-von-bohm-bawerk/ The Function of Saving] by [[Eugen von Böhm-Bawerk]]
	* [https://mises.freecapitalists.org/story/1882 Is There a Glut of Saving?] by Frank Shostak		* [https://mises.freecapitalists.org/story/1882 Is There a Glut of Saving?] by Frank Shostak
	* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises		* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises

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Repoint 1 dead mises.org link to the archived original (automated; see Austrian Economics Wiki:Link repointing)

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	Because [[capital]] is perishable, it must be renewed, if man wishes to enjoy the fruits of higher production. Saving must be repeated to preserve the structure of capital, over and over.<ref name="Rothbard_Saving_Capital">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1d.asp "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>		Because [[capital]] is perishable, it must be renewed, if man wishes to enjoy the fruits of higher production. Saving must be repeated to preserve the structure of capital, over and over.<ref name="Rothbard_Saving_Capital">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1d.asp "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>

	As Mises put it, "saving and the resulting accumulation of capital goods are at the beginning of every attempt to improve the material conditions of man; they are the foundation of human civilization. Without saving and capital accumulation there could not be any striving toward non-material ends."<ref name="Mises_saving">Ludwig von Mises. [https://~~mises.~~freecapitalists.org/~~humanaction~~/~~chap15sec2.asp#p260~~ "2. Capital Goods and Capital"], [[Human Action]], online version, referenced 2009-07-10.</ref>		As Mises put it, "saving and the resulting accumulation of capital goods are at the beginning of every attempt to improve the material conditions of man; they are the foundation of human civilization. Without saving and capital accumulation there could not be any striving toward non-material ends."<ref name="Mises_saving">Ludwig von Mises. [https://freecapitalists.org/books/human-action/read/chapter-xv-the-market/ "2. Capital Goods and Capital"], [[Human Action]], online version, referenced 2009-07-10.</ref>

	==Saving and the Interest rate==		==Saving and the Interest rate==

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Pestergaines: /* Links */ +res

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Links: +res

← Older revision		Revision as of 20:05, 7 October 2013
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	* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011		* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011
	* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption] (with video), ''FEE'', July 2013		* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption] (with video), ''FEE'', July 2013
			* {{md\|6547\|Is Saving Money Bad for the Economy?\|Gregory Bresiger\|October 2013}}

	[[Category:Economic concepts]]		[[Category:Economic concepts]]

Pestergaines: /* Links */ Fixed description.

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Links: Fixed description.

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	* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008		* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008
	* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011		* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011
	* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption], ''FEE'', July 2013		* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption] (with video), ''FEE'', July 2013

	[[Category:Economic concepts]]		[[Category:Economic concepts]]

Pestergaines: /* Links */ +res

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← Older revision		Revision as of 22:07, 9 September 2013
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	* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises		* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises
	* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008		* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008
	* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011		* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011
			* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption], ''FEE'', July 2013

	[[Category:Economic concepts]]		[[Category:Economic concepts]]

FormerContributor-78162cb3: spending = saving

2012-08-07T05:54:24Z

spending = saving

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	The restriction of consumption is called '''saving''', and the transfer of labor and land to the formation of capital goods is called [[investment]].<ref name="Rothbard_Saving">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1c.asp#9._The_Formation "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>		The restriction of consumption is called '''saving''', and the transfer of labor and land to the formation of capital goods is called [[investment]].<ref name="Rothbard_Saving">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1c.asp#9._The_Formation "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>

			In a modern economy, large amounts of saved money are usually not hoarded, but rather are used to fund establishment and expansion of business operations.<ref>{{cite book\|url=http://www.fee.org/library/books/economics-in-one-lesson/#0.1_L24\|title=Economics in One Lesson\|author=Hazlitt, Henry\|chapter=The Assault on Saving\|quote=But when money is invested it is used to buy capital goods–houses or office buildings or factories or ships or motor trucks or machines. Any one of these projects puts as much money into circulation and gives as much employment as the same amount of money spent directly on consumption. “Saving,” in short, in the modern world, is only another form of spending.}}</ref>

	==Saving and Capital==		==Saving and Capital==

Pestergaines: /* Links */ +res

2011-04-13T19:06:21Z

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	{{Reflist}}		{{Reflist}}

	==~~External links~~==		==Links==
	* [[Wikipedia:Saving\|Saving]] on Wikipedia		* [[Wikipedia:Saving\|Saving]] on Wikipedia
	* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff		* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff
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	* [http://mises.org/story/1882 Is There a Glut of Saving?] by Frank Shostak		* [http://mises.org/story/1882 Is There a Glut of Saving?] by Frank Shostak
	* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises		* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises
	* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy		* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008
			* [http://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011
	[[Category:Economic concepts]]		[[Category:Economic concepts]]

IsmAvatar: Tried to clear up the grammar of the first line.

2010-11-09T21:14:22Z

Tried to clear up the grammar of the first line.

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	{{Stub}}		{{Stub}}

	To increase [[production]], man must form [[capital]]. To create it, he must restrict his [[consumption]] and transfer his [[labor]] for that period ~~from~~ producing immediately satisfying consumers’ [[good]]s.		To increase [[production]], man must form [[capital]]. To create it, he must restrict his [[consumption]] and transfer his [[labor]] for that period to producing immediately-satisfying consumers’ [[good]]s.

	The restriction of consumption is called '''saving''', and the transfer of labor and land to the formation of capital goods is called [[investment]].<ref name="Rothbard_Saving">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1c.asp#9._The_Formation "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>		The restriction of consumption is called '''saving''', and the transfer of labor and land to the formation of capital goods is called [[investment]].<ref name="Rothbard_Saving">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1c.asp#9._The_Formation "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>

Forgottenman: /* External links */Category:Economical Concepts --> Category:Economic concepts using AWB

2010-11-09T18:02:41Z

External links: Category:Economical Concepts --> Category:Economic concepts using AWB

← Older revision		Revision as of 18:02, 9 November 2010
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	* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises		* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises
	* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy		* [http://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy
	[[Category:~~Economical Concepts~~]]		[[Category:Economic concepts]]

← Older revision		Revision as of 04:09, 16 August 2026
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	Because [[capital]] is perishable, it must be renewed, if man wishes to enjoy the fruits of higher production. Saving must be repeated to preserve the structure of capital, over and over.<ref name="Rothbard_Saving_Capital">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1d.asp "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>		Because [[capital]] is perishable, it must be renewed, if man wishes to enjoy the fruits of higher production. Saving must be repeated to preserve the structure of capital, over and over.<ref name="Rothbard_Saving_Capital">Murray N. Rothbard. [http://mises.org/rothbard/mes/chap1d.asp "9. The Formation of Capital"], [[Man, Economy and State]], online edition, referenced 2009-07-09.</ref>

	As Mises put it, "saving and the resulting accumulation of capital goods are at the beginning of every attempt to improve the material conditions of man; they are the foundation of human civilization. Without saving and capital accumulation there could not be any striving toward non-material ends."<ref name="Mises_saving">Ludwig von Mises. [~~http~~://mises.org/humanaction/chap15sec2.asp#p260 "2. Capital Goods and Capital"], [[Human Action]], online version, referenced 2009-07-10.</ref>		As Mises put it, "saving and the resulting accumulation of capital goods are at the beginning of every attempt to improve the material conditions of man; they are the foundation of human civilization. Without saving and capital accumulation there could not be any striving toward non-material ends."<ref name="Mises_saving">Ludwig von Mises. [https://mises.freecapitalists.org/humanaction/chap15sec2.asp#p260 "2. Capital Goods and Capital"], [[Human Action]], online version, referenced 2009-07-10.</ref>

	==Saving and the Interest rate==		==Saving and the Interest rate==
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	Apart from time preferences, the purchasing power of money and business risk are important elements in the formation of interest. However, their importance is assessed in reference to the fundamental factor, which is time preference. For instance, if one dollar buys one apple and the agreed interest rate is 10%, then in one-year’s time the lender of the apple would expect to get back 1.1 apples. The lender of the apple will also be happy to accept $1.1 since this sum will permit him to purchase 1.1 apples.		Apart from time preferences, the purchasing power of money and business risk are important elements in the formation of interest. However, their importance is assessed in reference to the fundamental factor, which is time preference. For instance, if one dollar buys one apple and the agreed interest rate is 10%, then in one-year’s time the lender of the apple would expect to get back 1.1 apples. The lender of the apple will also be happy to accept $1.1 since this sum will permit him to purchase 1.1 apples.

	Let's say the purchasing power of money falls, and the price of an apple increases by 10% to $1.1. Now the lender will not accept $1.1 in one year time, since $1.1 will only buy him one apple. He will require $1.21 to agree to lend since $1.21 will secure the lender 1.1 apples.<ref name="Shostak_saving">Frank Shostak. [~~http~~://mises.org/daily/1596 "The Subsistence Fund"], Mises Daily, August 2004, referenced 2010-04-23.</ref>		Let's say the purchasing power of money falls, and the price of an apple increases by 10% to $1.1. Now the lender will not accept $1.1 in one year time, since $1.1 will only buy him one apple. He will require $1.21 to agree to lend since $1.21 will secure the lender 1.1 apples.<ref name="Shostak_saving">Frank Shostak. [https://mises.freecapitalists.org/daily/1596 "The Subsistence Fund"], Mises Daily, August 2004, referenced 2010-04-23.</ref>

	==References==		==References==
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	* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff		* [http://www.econlib.org/library/Enc/Saving.html Saving] by Laurence J. Kotlikoff
	* [http://mises.org/etexts/functionofsaving.asp The Function of Saving] by [[Eugen von Böhm-Bawerk]]		* [http://mises.org/etexts/functionofsaving.asp The Function of Saving] by [[Eugen von Böhm-Bawerk]]
	* [~~http~~://mises.org/story/1882 Is There a Glut of Saving?] by Frank Shostak		* [https://mises.freecapitalists.org/story/1882 Is There a Glut of Saving?] by Frank Shostak
	* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises		* [http://mises.org/EFANDI/CH4.ASP The Economic Role of Saving and Capital Goods] Ludwig von Mises
	* [~~http~~://mises.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008		* [https://mises.freecapitalists.org/story/3203 Did the Fed, or Asian Saving, Cause the Housing Bubble?] by Robert P. Murphy, November 2008
	* [~~http~~://mises.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011		* [https://mises.freecapitalists.org/daily/5202/The-Fed-Obliterates-the-Savings-Ethic The Fed Obliterates the Savings Ethic] by Doug French, April 2011
	* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption] (with video), ''FEE'', July 2013		* [http://www.fee.org/library/detail/the-truth-about-savings-and-consumption The Truth about Savings and Consumption] (with video), ''FEE'', July 2013
	* {{md\|6547\|Is Saving Money Bad for the Economy?\|Gregory Bresiger\|October 2013}}		* {{md\|6547\|Is Saving Money Bad for the Economy?\|Gregory Bresiger\|October 2013}}

	[[Category:Economic concepts]]		[[Category:Economic concepts]]