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The Two Triads Lecture I
A Suggestion for Simplifying the Theory
The Yield on Consols
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analysis assumption capital cent Central Bank classical classical economists commodities consumption cost of investment course debts demand for money Dennis Robertson diminish economic economists effect employment equation equilibrium Essays exchange expansion expected fact fall frontier function further gold happen Hayek hold money income increase indifference curves inflation interest rates investment assets investor Keynes Keynes's Keynesian labour less liquid Liquidity Preference long-term rate look marginal advantage curve marginal utility ment monetary system monetary theory money wages Natural Rate numeraire paper position possible Precautionary Demand price-level problem profits prospect rate of interest reason reserve assets Ricardo rise risk risk-aversion risky running assets safe security saving sense speculative motive store of value supply of money suppose theory of money thing Thornton tion trade transaction cost Treatise unit of account value theory Walras Walrasian equilibrium whole portfolio Wicksell Wicksellian