"Life Cycle" Hypothesis of Saving: Aggregate ... - Arabictrader.com

Introduction
xiii
and offers an analysis of the economic consequences for the emergence of a
developed security market. The fourth essay, “Emerging Issues in the World
Economy,” is based on two lectures Modigliani gave at the beginning of the 1990s
in Singapore on his visions at that time on the future of the world economy. The
fifth essay, “The Keynesian Gospel According to Modigliani,” is the last scientific
paper of the present volume. In this paper Franco Modigliani, 60 years after
his first path-breaking article “Liquidity Preference and The Theory of Interest
and Money,” revisits the General Theory and its implications for mass unemployment.
The volume concludes with an interview of Franco Modigliani conducted by
William Barnett and Robert Solow.
Note
1. In submitting this paper to the Journal of Economic Literature, Franco Modigliani wrote: “This is
a paper which has a special meaning for me, as I see it as a fitting conclusion to my life’s work on
saving.”