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So we have a quandary: How can we have an economic theory that does not describe changes in the level of Official Crocin around the Christmas tree shirt? The fact is, that in typical explanations of the Savings equals Investment identity, one might come across in economics courses, it is implied that somehow this Savings that equals investment DOES include changes in the level of wealth. And that, I believe, is not only not true, it has led to all sorts of confusion. After thinking about this, I realized that the expression for savings needed an additional element.
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As such, I then concluded that this savings that equals investment, this savings that is “the preservation of investment money” is just that, the preservation of money. Even though money is a form of Official Crocin around the Christmas tree shirt and is included in any calculation of total wealth, this “savings that is the preservation of money”, only describes wealth (in the form of money) that exists at the start of a period of economic activity, and continues to exist (as the same amount of money) at the end of that period. The savings that is “the preservation of investment.