About the Book: Economic Growth, Inflation, Savings and Investment : An Analysis
This book examines the relation between growth and inflation, saving and
investment in developing and developed countries. The exponent of monetary
economics favours that much investment through inflationary finance to promote
economic growth. Keynes supported more investment through inflationary finance
to maximize the output and employment. With the help of deficit financing in a
less developed countries may be in a position to invest that what saves and the
paucity of financial resources may be overcome. In the growth process,
inflationary finance occurs income inflow, but the propensity to consume is
high, thus voluntary savings are