Interest

  • Roy Harrod

Abstract

The classical theory of interest is that it is the price that equates the supply of capital to the demand for it. For greater precision one should substitute for‘capital’ above the term‘capital disposal’, retaining the word‘capital’ to describe physical objects in which inputs have been embodied with a view to future outputs, as already explained.

Keywords

Depression Income Clarification Monopoly 

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Copyright information

© Roy Harrod 1973

Authors and Affiliations

  • Roy Harrod

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