Titlebook: Robertsonian Economics; An Examination of th John R. Presley Book 1978 Palgrave Macmillan, a division of Macmillan Publishers Limited 1978

BUST

The Robertsonian Theory of Interestnvestment. In this one encounters the theory of the rate of interest since the Robertsonian approach argues that changes in saving act upon investment via the rate of interest. First thoughts on this subject might lead one to believe that interest theory is straightforward — there seems little contr

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Origins of the Robertsonian Approach to the Theory of Interestas of inquiry can be laid open. Firstly, one must explore the extent of Robertson’s knowledge and understanding of the Marshallian theory of interest, and secondly it is important to compare the two theories. There is an element of truth in Keynes’ assertion that Marshall did not provide any consecu

燕麦

Natural and Market Rates of Interest and the Trade Cycleclical fluctuations in terms of a divergence between the natural and the market rate of interest. This stimulated Robertson to devote an article to an examination of this explanation of the cycle in 1934.. This chapter begins with a brief historical picture of the distinction that has been made betw

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Saving, Investment and the Multiplier (1936 and after)between saving and investment found in this great work; from this one can then appreciate why the forced saving and multiplier theories were incompatible; but which had greater validity? Robertson was not convinced by Keynes and Keynesian argument. The main objective of this chapter therefore is to

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间谍活动

Saving in the Cycle: The Robertsonian Approach in the ‘Study’of this and the next seven chapters however will not allow us to lose sight of the major objective of this book — to present a thorough examination of the theory of industrial fluctuation. We begin in this chapter with a discussion of the Robertsonian analysis of saving in 1915.

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Robertson on Saving (1918–1940)g and investment. The assumption that the theory could take for granted the definitions of saving and investment was challenged in the 1920s. In Britain it was Robertson who was responsible more than anyone else for this challenge.

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Saving, Investment and the Multiplier (1936 and after)ble; but which had greater validity? Robertson was not convinced by Keynes and Keynesian argument. The main objective of this chapter therefore is to examine why Robertson remained unpersuaded by multiplier analysis and why he remained faithful to the forced saving thesis.

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The Robertsonian Theory of Interestoversial in the proposition that savings will act on investment through changes in the rate of interest; but the 1930s saw the elevation of interest theory to a position of extreme importance in the theoretical debates surrounding especially Keynes’ . and the . and the work of the Austrian and Swedish schools on industrial fluctuation.