Savings in the Modern Economy

A Symposium

Walter W. Heller, Francis M. Boddy, and Carl L. Nelson, editors

Savings in the Modern Economy was first published in 1953. Minnesota Archive Editions uses digital technology to make long-unavailable books once again accessible, and are published unaltered from the original University of Minnesota Press editions.

How will savings affect the future economy of the United States and other parts of the world? Will savings continue to aid economy expansion or will they lead, sooner or later, to difficult problems? What are the motivations that cause people to save? How has the pattern of saving changed in recent times? What is the effect of retirement and pension funds? What is the role of savings in periods of inflation? In economy depression? How can savings foster economy progress in underdeveloped countries?

To provide a scholarly yet thoroughly practical basis for answers to questions like these, a group of distinguished economists pool their thinking in this volume. The series of 28 papers bring to the problem varied backgrounds and different viewpoints. Professors, bankers, government officials, and industrialists, representing national and international organizations and business enterprises, contribute papers and related comments. There is not always agreement in the discussion, and no quick and easy solutions are offered, but the resulting analysis is realistic and timely, yet long-range in approach and value.

The material covers four broad topics: savings and economic policy; savings concepts, data, and behavior; the savings problem in underdeveloped countries (with specific reference to the Far East and Latin America); and savings and inflation.

The volume is based on papers given at a conference on Savings, Inflation, and Economy Progress held at the University of Minnesota through the cooperation of the university’s School of Business Administration and a number of sponsoring business firms.

Walter W. Heller was a professor of economics at the University of Minnesota.

Francis M. Boddy was a professor of economics at the University of Minnesota.

Carl L. Nelson was a professor of accounting at the University of Minnesota.

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