Supply and Demand for ‘Free’ Capital and the Rate of Interest: Marshall’s ‘Real’ Analysis
Despite Keynes’s claim that ‘no consecutive discussion of the rate of interest [is to be found] in the works of Marshall’ (JMK, vii, p. 186) it is nevertheless possible to get a fairly clear picture of Marshall’s theory by collecting and piecing together various passages, elements and hints scattered in the Economics of Industry, the Principles, the Official Papers and Money, Credit and Commerce.
KeywordsDemand Function Capital Good Full Employment Uniform Rate Investible Resource
Unable to display preview. Download preview PDF.