Excerpt from A Belated Note on Lm, Shifts in Lm, and Keynes' Minimum Rate of Interest The response of the equilibrium condition LN for the Keynesian money and (long-term) bond market to changes in the supply and transactions velocity of money. On the other hand, there seems to be some confusion in the representation of Keynes' minimum rate of interest. It would appear not too early, therefore, to briefly demonstrate the more common pitfalls which can be fallen into in treating these elements of the Keynesian system. This ...
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Excerpt from A Belated Note on Lm, Shifts in Lm, and Keynes' Minimum Rate of Interest The response of the equilibrium condition LN for the Keynesian money and (long-term) bond market to changes in the supply and transactions velocity of money. On the other hand, there seems to be some confusion in the representation of Keynes' minimum rate of interest. It would appear not too early, therefore, to briefly demonstrate the more common pitfalls which can be fallen into in treating these elements of the Keynesian system. This is the task undertaken here. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... 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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