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Alternative Theories of the Rate of Interest: A Reconsideration

  • Gunnar Heinsohn
  • Otto Steiger

Abstract

The view of money as a special good was so deeply burnt into economic thought after neoclassical theory had stormed the universities of the Western world for forty years that, in 1911, a trailblazer like Joseph Schumpeter was required to inform a learned public that the entrepreneur, ‘before he requires any goods whatsoever, he requires… money, and which is not based upon goods already produced’ (1911, pp. 102 and 112).

Keywords

Central Bank Alternative Theory Credit Market Credit Bank Neoclassical Theory 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Gunnar Heinsohn and Otto Steiger 2005

Authors and Affiliations

  • Gunnar Heinsohn
  • Otto Steiger

There are no affiliations available

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