Title: Interest, Growth, & Inflation: The Contractual Savings Theory of Interest
Publisher: Fraser Publishing Company
Publication Date: 1998
Language: English
ISBN 10: 0870341316
ISBN 13: 9780870341311
Binding: Paperback
Condition: New
Weight: 18 ounces

About this title

Synopsis

The author develops a macroeconomic theory of the market economy based on an empirical description and financial analysis at the microeconomic level. He describes various classes of borrowers, lenders, and market mediators and the special characteristics of each that influence the demand and supply for loans.

About the Author

John Burr Williams launched his career as a security analyst in a prominent Boston financial firm. He established himself as an expert financial consultant while working continuously and successfully on his own account. He was motivated by an obsessive need to understand the world around him in terms of general principles and so he became a student of economic theory. He associated himself with several of the most important theorists of the time including Joseph Schumpeter, Alvin Hansen and Wassily Leontief. Scholarly work occupied much of his time and energy. His first book, The Theory of Investment Value, based on his Ph.D. thesis and first published by the Harvard University Press, has long been regarded as a classic in financial literature.

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