preference theory. In particular it allows us to explain in a more satisfactory way the two fundamental characteristics of a … sounder and more convincing explanation of the key characteristics of a "monetary economy" than the one based on the liquidity …

This paper revisits Keynes's liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical special case interpretation, Keynes considered his liquidity preference theory of …

preference theory. In particular it allows us to explain in a more satisfactory way the two fundamental characteristics of a … sounder and more convincing explanation of the key characteristics of a monetary economy than the one based on the liquidity …

controversies of monetary economics. Keynes’s liquidity preference theory remains at the core of the center. This paper starts off … with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more … crucial and unsolved mistake in Keynes’s liquidity preference theory, i.e. interest rate is indeterminate, which is revealed …

This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical “special case” interpretation, Keynes considered his liquidity preference theory of …