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THE THEORY OF THE RATE OF INTEREST
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absence of money assumed assumption balanced growth business cycle capital assets capital coefficient capital formation capital to labor capital widening Chapter chronic deficiency commodities market cyclical movements deficiency of demand demand for cash demand for money demand function dynamic efficiency of capital efficiency of investment elasticity equipment excess demand excess supply flexible monetary policy free labor supply full employment growing economy interest rates interest theory investment opportunities J. R. Hicks Keynes Keynesian Economics Keynesian theory labor force liquidity trap marginal efficiency MEI schedule ment monetary policy monetary theory money illusion money price level money supply neoclassical theory optimum capital intensity optimum ratio output Patinkin Pigou effect rate of capital rate of growth rate of interest rate of investment rate of return real value real wage rates relative saving function securities market short-run Stock and Flow stock of capital supply and demand theory of capital tion warranted rate