This paper criticizes attempts to mix financial stocks and flows to offer a theory of interest rate determination that is consistent with loanable funds theory. It offers an alternative interpretation ...

Keynes answered to critics of the General Theory, in 1937, that they failed to realize that there were two main innovations in that work. The first, was the relationship between money demand and ...

Liquidity Preference is one of the few terms in a VC term sheet (other than drag along/vesting and management rights) that really evoke strong reactions from either side. While Majority (or rather 100 ...