• John R. Presley


The discussion of the trade cycle, and the economic problems it created, entered a different phase during the interwar period. Economists began to examine fluctuation in terms of the relationship between saving and investment; this is perhaps best illustrated by the contents of Robertson’s Banking and Keynes’ Treatise.1


Interest Rate Trade Cycle Price Level Consumption Function Cyclical Movement 
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  1. 1.
    JMK, Treatise on Money, (London: Macmillan, 1930).Google Scholar
  2. 2.
    JMK, The General Theory of Employment, Interest and Money, (London: Macmillan, 1936).Google Scholar
  3. 3.
    J. W. Conard, An Introduction to the Theory of Interest, (Los Angeles: University of California Press, 1959).Google Scholar

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© John R. Presley 1978

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  • John R. Presley

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