Monetary Policy and the Theory of Interest
Quarterly Journal of Economics
1941
Situation before the publication of Keynes' General Theory, 488.— New controversial issues, 488.— I. Rates of return on economic resources: securities, 490; cash, 492; production, 493; consumption, 494.— Nature of the rates of return, 495.—II. Fundamentals of economic behavior: individuals, 496; firms, 496; banks, 497; governments, 498.— Significance of an arbitrary monetary policy, 498.— III. The theory of interest: the marginal productivity theory, 500; the time-preference theory, 501; the liquidity-preference theory, 503; the loanable-funds theory, 505. — Validity of the theories of interest, 506.
- DOI
- 10.2307/1885641
- Volume
- 55 (3)
- Pages
- 488
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