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George H. Blackford, Ph.D.

 Economist at Large

 Email: george(at)rwEconomics.com

 

It ain't what you don't know that gets you into trouble.

Itís what you know for sure that just ain't so.
Attributed to Mark Twain (among others)

 

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On the Theory of Interest

 

These four PDF's examine the Liquidity-Preference/Loanable-Funds controversy that followed Keynes' publication of The General Theory of Employment, Interest, and Money.  The first is the paper cited in Glasner's blog:

 

   Robertson versus Keynes: A Reevaluation (1983) PDF.

A Note on Tsiangís Interpretation of Robertsonís Theory of Interest (1984) PDF.

A Note on Liquidity Preference, Loanable Funds, and Marshall (1985) PDF.

Liquidity-Preference/Loanable-Funds and The Long-Period Problem of Saving (2016) PDF ENDNOTES.

 

 

 

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