The Rate of Interest: And Other EssaysMacmillan, 1952 - 170 páginas |
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Página 12
... expectations are given without sawing off the bough we are sitting on . It is easiest to discuss expectations if they are quite definite . Everything can then be reduced to arithmetic . But if we assume that owners of wealth have clear ...
... expectations are given without sawing off the bough we are sitting on . It is easiest to discuss expectations if they are quite definite . Everything can then be reduced to arithmetic . But if we assume that owners of wealth have clear ...
Página 18
... expectations , but time marches on . We have supposed that expectations of the future interest rates depend upon past experience . When the bond rate is below its past average , expectations tend to be revised as time goes by , and the ...
... expectations , but time marches on . We have supposed that expectations of the future interest rates depend upon past experience . When the bond rate is below its past average , expectations tend to be revised as time goes by , and the ...
Página 19
... expectations about what its price will be in the future . If the rate of interest is hanging by its boot straps , so is the price of Picasso's paintings . We have very little knowledge of the influences shaping expectations . Past ...
... expectations about what its price will be in the future . If the rate of interest is hanging by its boot straps , so is the price of Picasso's paintings . We have very little knowledge of the influences shaping expectations . Past ...
Conteúdo
THE RATE OF INTEREST | 3 |
The Structure of the Market | 5 |
Changes in the Quantity of Money and in Expectations II | 11 |
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acceleration principle Alpha amortisation amount analysis argument available labour bill rate bond rate boom borrowing capital cost capital per unit capitalist commodities constant consumption demand for money economy effective demand entrepreneurs expanding expectations factors of production fall firms full employment future given rate Harrod industry influence innovations interest rates investment plans Kalecki Keynes labour cost liquidity preference long rate ment money wages money-wage rates national income net output normal normal profits output per man-hour owners of wealth period plant proportion quantity of money raise rate of accumulation rate of exploitation rate of growth rate of interest rate of investment rate of output rate of profit ratio real wage reduces rentier rise Rosa Luxemburg short rate slump steady stock of capital supply of finance suppose technical progress technique terms of product tion unchanged unit of output wage rates wage units wheat workers