ABSTRACT
This chapter discusses the consideration of the determinants of the rate of technical progress and of the growth rate of the working population to a consideration of the determinants of the proportion of income saved. It examines the economic considerations which may influence the citizen's choice between saving and spending. The chapter also examines the planning of the pattern of consumption through time is often accepted as a major function of governmental policy in the modern world for reasons. It considers the factors which are likely to affect the time shape and so the level of a citizen's consumption stream, given the time shape and the level of his stream of receipts. The individual citizen has a consistent set of preferences between various combinations of consumption levels at various points of time. For the sake of simplicity the assumption of perfect selfishness has been expressed as if the wife and mother in the family do not exist.
