Monthly Archives: December 2018
Explaining S=I: Inventories vs Adding up Individuals
It's easy to teach students the arithmetic showing that actual saving must equal actual investment (S=I). But many students (quite rightly) want more than the arithmetic. Because S=I is not intuitive, and good students want to understand the intuition. I think that most profs will try to explain the intuition by talking about inventories of […]
Worthwhile Canadian Initiative 
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