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Keynes' General Theory of Interest: A Reconsideration (Routledge Foundations of the Market Economy)

 
9780415079341: Keynes' General Theory of Interest: A Reconsideration (Routledge Foundations of the Market Economy)

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In 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.

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Maclachlan, Fiona C.
Published by Routledge, London and New York, 1993
ISBN 10: 0415079349 ISBN 13: 9780415079341
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Hardcover. Condition: As New. Dust Jacket Condition: Near Fine. 1st Edition. "First published 1993 by Routledge." Part of the "Foundations of the market economy series," said series edited by Mario J. Rizzo, New York University, and Lawrence H. White, University of Georgia. Maclachlan, then assistant professor in Economics and Finance at Manhattan College, took her Ph.D. at New York University, where she was an Austrian Fellow. Liquidity preference in itself can explain the existence of interest. Maclachlan concludes, while time preference and capital productivity cannot. 186 pp. including index. Reduced from $87. Seller Inventory # 004112

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