A note on 'Mr Meade's Relation' and international capital movements
用更一般的过程分析证明，米德关系源于过程结构而非固定储蓄倾向或封闭经济假设，并强调其对宏观经济方法和政策的重要性。
James Meade (1993) described how in 1931 he used process analysis to prove the fundamental Keynesian relation that investment causes saving. This note uses more general versions of process analysis to demonstrate that the structure of the underlying processes creates ‘Mr Meade's Relation’, not the mathematical assumption of a fixed marginal propensity to save nor the heuristic assumption of a closed economy. The processes create a ‘conservation of saving’ principle, and the multiplier operates until all saving is voluntarily held. The final section highlights the ongoing importance of process analysis and this relation for macroeconomic methods and policy.