Excerpt from The Natural Rate of Interest
The present edition is a reprint of Massie's essay as issued in The general appearance of the title page has been preserved, the original pagination has been indicated and a few notes have been appended.
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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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Paperback. Condition: New. Print on Demand. In this book, the author takes on the commonly accepted assumptions regarding the governing causes of interest rates at the time of writing. The author Joseph Massie presents a critical examination of the views put forth by Sir William Petty and John Locke who both wrote extensively on the topic. Massie carefully analyzes their theories on the relationship between the amount of money in circulation and the rate of interest, arguing that their positions do not accurately reflect the observed behavior of interest rates in the real world. Massie provides a more nuanced perspective, suggesting that the rate of interest is determined by a complex interplay of factors, including the level of economic activity, the availability of credit, and the expectations of borrowers and lenders. Massieās insights on the subject of interest rates were groundbreaking for their time and remain relevant to contemporary discussions on monetary policy and economic growth. They challenge readers to think critically about the factors that influence interest rates and the broader implications for economic policy. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Seller Inventory # 9781330706749_0
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330706749
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330706749
Quantity: 15 available