Flavin's and Deaton's Comments

on New Result in Consumption Theory:

Change in Savings and Income Growth 


 

    "New Result in Consumption Theory: Change in Savings and Income Growth" was never accepted by any major economic journal, including Journal of Political Economy, where Flavin and Hall were published, together with Flavin's two replies.  

    Flavin kindly had provided two replies and Deaton implied the solution may be correct if the solutiion were for infinite formula, an approach later taken by "New Result . . .."   Unfortunately, Deaton never sent back his  comments with n to infinite and has since failed to make reference to Wu's New Result in any of his many recent writings on savings and growth. 

     Here is Flavin first reply"

     Here is the second reply:

    Here is Deaton's comment: