Cambridge Monetary Thought

The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.

Zusammenfassung
This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process.

Inhalt
Preface - Introduction - Supply and Demand for 'Free' Capital and the Rate of Interest: Marshall's 'Real' Analysis - Marshall's Monetary Theory - Early Contributions 1: Hawtrey and Robertson (1911-1924) - Early Contributions 2: Keynes, Lavington and Pigou (1913-1924) - 'Banking Policy and the Price Level' and the 'Kinds of Savings' - Saving, Investment and the Theoretical Framework of the 'Treatise' (1930) - Further Reflections on the Rate of Interest (1930-1935) - The 'General Theory' and the Principle of Effective Demand - Conclusion - Footnotes - Bibliography - Index