The Theory of Interest
By: Friedrich Lutz
Edition: Second edition.
Publisher: Taylor and Francis
Published: 2017
Place of publication: London
Language: eng
Number of pages: 345
ISBN-13: 9781315135359
Subjects: Interest; Intérêt (Économie)
Description: "This book contains a critical analysis of the main theories of interest which have been published since B̦hm-Bawerk. The last part of the book gives an account of the author's own theory. The first part, which deals with the history of doctrines, discusses the theories of B̦hm-Bawerk, Wicksell, Akerman, and Hayek, authors who proceed from the assumption of stationary state. The second group of authors consists of Walras, Irving Fisher, and F.H. Knight, who assume a progressive economy in which net saving and investment occur. The third group of authors are those who stress the monetary factor. The central figure of this part is Keynes; but other authors, among them Patinkin, are also dealt with. The theories on the term structure of interest rates are discussed in the last part of the history of doctrines. The author's own theory deals with the problem of the interest rate first in terms of partial equilibrium analysis, whereby particular attention is paid to the influence of the banking system on the structure of interest rates. In the final chapter the author proceeds to expound the interest theory in the framework of general equilibrium analysis. A mathematical appendix concludes this book. Friedrich A. Lutz (1901-1975) taught economics at Princeton University for fifteen years before becoming Professor of Economics at the University of Zurich. He was also the president of the Mont Pelerin Society from 1964-1967"--Provided by publisher
Table of contents: title: Part PART ONE: INTEREST THEORIES FOR A STATIONARY ECONOMY; title: chapter I EUGEN VON BÖHM-BAWERK; title: chapter 2 KNUT WICKSELL; title: chapter 3 GUSTAF ÅKERMAN; title: chapter 4 FRIEDRICH A. VON HAYEK; title: chapter 5 CONCLUSIONS; title: part PART TWO: INTEREST THEORIES FOR A PROGRESSIVE ECONOMY; title: chapter 6 LÉON WALRAS; title: chapter 7 IRVING FISHER; title: chapter 8 FRANK H. KNIGHT; title: chapter 9 CONCLUSIONS; title: chapter 10 0LDER THEORIES; title: chapter 11 JOHN MAYNARD KEYNES; title: chapter 12 THE DISCUSSION AFTER KEYNES; title: chapter 13 LIQUIDITY PREFERENCE THEORY VS. THEORY OF LOANABLE FUNDS; title: chapter 14 DON PATINKIN; title: chapter 15 ASSET PRICE DETERMINATION AS A THEORY OF INTEREST; title: chapter 16 CONCLUSIONS; title: part PART FOUR: THE TERM STRUCTURE OF INTEREST RATES; title: chapter 17 THE EXPECTATION THEORY OF THE TERM STRUCTURE OF INTEREST RATES; title: chapter 18 TWO FURTHER THEORIES; title: chapter 19 THE; title: part PART FIVE: THE POSITIVE THEORY OF INTEREST; title: chapter 20 THE MARKET FOR MONEY AND CAPITAL: ONLY ONE RATE OF INTEREST; title: chapter 21 THE MARKET FOR MONEY AND CAPITAL: SEVERAL INTEREST RATES; title: chapter 22 BANKING SYSTEM AND INTEREST RATES; title: chapter 23 THE RATE OF INTEREST IN GENERAL EQUILIBRIUM.