Cambridge Monetary Thought: The Development of Saving-Investment Analysis from Marshall to Keynes

by Pascal Bridel

Overview

The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.

Product Details

ISBN-13:	9780333432501
Publisher:	Palgrave Macmillan UK
Publication date:	05/18/1987
Series:	Studies in Political Economy
Edition description:	1987
Pages:	227
Product dimensions:	5.51(w) x 8.50(h) x (d)

Table of Contents

Preface - Introduction - Supply and Demand for 'Free' Capital and the Rate of Interest: Marshall's 'Real' Analysis - Marshall's Monetary Theory - Early Contributions 1: Hawtrey and Robertson (1911-1924) - Early Contributions 2: Keynes, Lavington and Pigou (1913-1924) - 'Banking Policy and the Price Level' and the 'Kinds of Savings' - Saving, Investment and the Theoretical Framework of the 'Treatise' (1930) - Further Reflections on the Rate of Interest (1930-1935) - The 'General Theory' and the Principle of Effective Demand - Conclusion - Footnotes - Bibliography - Index