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.
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.
This book argues that Keynesian economists have betrayed Keynes's theory and policy conclusions. Keynesian economics has not merely led to an easily dismissed justification for 'Keynesian' policies,...
Preface A Primer for the General Theory Classical Macro-economic Theory: The Special Case Aggregate Effective Demand The Propensity to Consume and the Multiplier Consumption and Effective Demand The...
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