The Age of the Economist |
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Page 76
... rate of interest as the automatic stabilizer of the economy , as the factor which ensured that savings would be directed into investment and prevent any break in the even flow of spending . But since breaks were obviously occurring and ...
... rate of interest as the automatic stabilizer of the economy , as the factor which ensured that savings would be directed into investment and prevent any break in the even flow of spending . But since breaks were obviously occurring and ...
Page 102
... interest rates as one means of reducing unemployment . The rate of interest , in turn , depended on the quantity of money and the desire to hold it in cash or bank accounts . For example , if the desire to hold liquid assets remained ...
... interest rates as one means of reducing unemployment . The rate of interest , in turn , depended on the quantity of money and the desire to hold it in cash or bank accounts . For example , if the desire to hold liquid assets remained ...
Page 103
... rates of interest , which determine the cost of investment , and b ) the expected rate of return on new investment . 4. Rates of interest in turn , depend on a ) the quantity of money , which can be controlled by the monetary ...
... rates of interest , which determine the cost of investment , and b ) the expected rate of return on new investment . 4. Rates of interest in turn , depend on a ) the quantity of money , which can be controlled by the monetary ...
Contents
INTRODUCTION | 1 |
Religion and Economic Life | 8 |
ADAM SMITH | 20 |
Copyright | |
9 other sections not shown
Common terms and phrases
achieve Adam Smith agriculture American analysis argued basic became big business business cycles capital accumulation capitalist century classical economics classical economists commodity competitive conflict consumer corporations costs David Ricardo demand depression distribution of income economic activity economic growth economic policy economic theory economists emphasis England equilibrium expansion exports forces full employment goals human ideas ideology important increase individual industrial inflation investment John Maynard Keynes Keynes Keynesian Keynesian economics laissez faire less-developed countries liberal major market economy Marx Marx's Marxist mercantilist modern money supply monopoly natural neoclassical neoclassical economics output philosophy population post-Keynesian economics private enterprise problems production profits promote prosperity rate of interest reduced reform relationships result Revolution Ricardo rise savings Say's Law sector self-adjusting markets social socialist society Soviet stability surplus taxes theoretical trade unemployment United Veblen wages wealth welfare workers World War II