Includes bibliographical references (pages 169-174) and index.
1. Introduction -- An overview of the literature on liquidity preference -- The liquidity preference theory restated: a preview -- 2. Methodology and definitions -- Methodology -- Liquidity -- Liquidity preference -- The rate of interest -- 3. The theory of interest from an 'essentialist' perspective -- The 'essentialist' perspective -- The productivity of capital -- The preference for present over future consumption -- Liquidity preference -- 4. A causal process analysis of equilibrium in the cash-debt market -- Speculation, liquidity preference and the responsiveness postulate -- A simplified cash-debt market -- Some conceptual experiments -- The role of saving and accumulation -- 5. Keynes and the liquidity preference theory of interest -- The genesis of the idea -- The meaning of liquidity and liquidity preference in Keynes' theory -- Chapter 17 of the General Theory -- The responsiveness postulate in Keynes' theory -- 6. The liquidity preference versus loanable funds debate -- Keynes and his contemporaries -- The later debate: the equivalence question -- The later debate: stocks versus flows -- 7. Intertemporal coordination and the liquidity preference theory of interest -- Defining intertemporal coordination -- History of the idea -- The loanable funds theory -- Hayek and the Ricardo Effect -- 8. Concluding summary.
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Maclachlan aims to rehabilitate the largely discredited liquidity preference theory of interest, providing a restatement of the theory. She draws on the methodology of the Austrian School as well as real world institutions.
Keynes, John Maynard,1883-1946-- General theory of employment, interest, and money.
Keynes, John Maynard,1883-1946.
Keynes, John Maynard (1883-1946)
Keynes, John Maynard (1883-1946))., General theory of employment, interest and money.