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Another feature, especially characteristic of this book, is the theory of the rate of interest. In recent times it has been held by many economists that the rate of current saving determined the supply of free capital, that the rate of current investment governed the demand for it, and that the rate of interest was, so to speak, the equilibrating price-factor determined by the point of intersection of the supply curve of savings and the demand curve of investment.
— The General Theory of Employment, interest and Money
 (book)
by J. M. Keynes
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| Language: | English |
| Submitted by: | spondulix |
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