Keynes' General Theory of Interest - 9780415079341

Taylor & Francis

Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an original and rigorously reasoned restatement of the theory. She draws on the methodology of the Austrian School aswell as real world institutions > \nIn Keynes' General Theory of Interest Fiona Maclachlan rehabilitates the largely discredited liquidity preference theory of interest, providing an original and rigorously reasoned restatement of the theory. Her provocative book draws on the methodological tenets of the Austrian school and is grounded firmly both in the history of economic thought and in real world economic institutions. > 1. Introduction 2. Methodology and Definitions 3. The Theory of Interest from an Essentialist Perspective.\n4. A Causal Process Analysis of Equilibrium in the Cash-Debt Market. 5. Keynes and the Liquidity Preference Theory. 6. The Liquidity Preference versus Loanable Funds Debate. 7. Liquidity Preference and Intertemporal Coordination. 8. .