An Appraisal of Liquidity Preference Theory
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Date
1957-06
Authors
Du Payrat, Xavier Noel
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
Since the publication of Keynes General Theory, the subjects of liquidity and of liquidity preference have been extensively discussed in economic literature. Among the writers, the names of Harrod, Robertson, and Hicks are perhaps best known. However, the subject remains a controversial one. In particular, the degree to which interest is determines by liquidity factors is disputed, with Hicks taking a favorable position and Robertson a dissenting one. Harrod has discussed liquidity preference and other doctrines as alternatives among which he is apparent not completely willing to choose, since he says, "I am not prepared to reject Keynes' theory, even in the stripped form in which his critics present it, and untenable.
Description
133 pages
Keywords
investor's demand, Mr. Bronfenbrenner's Conception, Keynes General Theory