ISBN: 9781330706749 - The Natural Rate of Interest (classic Reprint) (3 results)

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000.

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. Massieâs 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. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…