Abstract
In our outline of the liquidity preference theory of interest we have already put forward a definition of the money supply. This definition, however, was stated dogmatically and the principles underlying it were never discussed. At the same time we made reference to the concept of liquidity. Our task in this chapter is to examine the concepts of money and liquidity in more detail and thus explain and justify the brief references made in the course of our earlier analysis.
Preview
Unable to display preview. Download preview PDF.
Suggested Reading
W. T. Newlyn, The Theory of Money (Oxford, 1971) ch. i.
R. S. Sayers, Modern Banking, 7th ed. (Oxford, 1967) chs i, ii, vii, viii.
B. Tew, Wealth and Income, 4th ed. (Cambridge, 1964) chs i–vii.
Author information
Authors and Affiliations
Copyright information
© 1974 D. C. Rowan
About this chapter
Cite this chapter
Rowan, D.C. (1974). Money, Debt and Liquidity. In: Output, Inflation and Growth. Palgrave, London. https://doi.org/10.1007/978-1-349-86173-6_14
Download citation
DOI: https://doi.org/10.1007/978-1-349-86173-6_14
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-16629-1
Online ISBN: 978-1-349-86173-6
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)