Chapter

Interest and Investment

John Hicks

in A Market Theory of Money

Published in print August 1989 | ISBN: 9780198287247
Published online November 2003 | e-ISBN: 9780191596407 | DOI: http://dx.doi.org/10.1093/0198287240.003.0014
 Interest and Investment

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This chapter begins with a discussion of R. G. Hawtrey's monetary theory, which was rejected by Keynes. It then discusses the concepts of defensive investment and innovative investment.

Keywords: Keynes; R. G. Hawtrey; interest rate; capital investment; defensive investment; innovative investment

Chapter.  4220 words. 

Subjects: Macroeconomics and Monetary Economics

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