A01=Friedrich A. Lutz
A01=Friedrich Lutz
advanced interest rate determination
asset price theory
Author_Friedrich A. Lutz
Author_Friedrich Lutz
Average Period
banking system effects
Bohm Bawerk's Theory
capital
Capital Goods
Category=KC
Category=KFF
curve
demand
Demand Curve
Durable Producer Good
efficiency
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
equilibrium modeling
Excess Supply
Follow
General Equilibrium Analysis
Held
Int
Interest Rate
Investment Period
Keynes
liquidity
Liquidity Preference
Liquidity Preference Curve
Loanable Funds Theory
Long Term Bonds
marginal
Marginal Efficiency
Marginal Product
monetary economics
Payments
preference
progressive economy analysis
rate
rates
Real Cash Balances
short
Short Rates
stationary state models
Subsistence Fund
Unit Period
Vice Versa
Product details
- ISBN 9781138539075
- Weight: 589g
- Dimensions: 152 x 229mm
- Publication Date: 26 Jul 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
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This book contains a critical analysis of the main theories of interest which have been published since B÷hm-Bawerk. The last part of the book gives an account of the author's own theory.The first part, which deals with the history of doctrines, discusses the theories of B÷hm-Bawerk, Wicksell, Akerman, and Hayek, authors who proceed from the assumption of stationary state.The second group of authors consists of Walras, Irving Fisher, and F. H. Knight, who assume a progressive economy in which net saving and investment occur.The third group of authors are those who stress the monetary factor. The central figure of this part is Keynes; but other authors, among them Patinkin, are also dealt with. The theories on the term structure of interest rates are discussed in the last part of the history of doctrines. The author's own theory deals with the problem of the interest rate first in terms of partial equilibrium analysis, whereby particular attention is paid to the influence of the banking system on the structure of interest rates.In the final chapter the author proceeds to expound the interest theory in the framework of general equilibrium analysis. A mathematical appendix concludes this book.Friedrich A. Lutz (1901-1975) taught economics at Princeton University for fifteen years before becoming Professor of Economics at the University of Zurich. He was also the president of the Mont Pelerin Society from 1964-1967.
