Abstract
In recent years a number of connected aspects of income theory have been discussed separately. Professor Goodwin' has shown how the Keynesian multiplier can be generalised to what he calls a matrix multiplier. Professor Metzler2 has explained how the different ways in which ex post equality of Saving and Investment is brought about are related to the different lags in the circular flow of income. A Danish writer, I. Gruinbaum,3 has pointed out some important inadequacies of analysis in terms of Saving and Investment. The present paper endeavours to show how all these contributions fit together.4
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