Keynes' General Theory of Interest: A Reconsideration

Synopsis

In Keynes' General Theory of InterestFiona 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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