Interest, Growth, & Inflation: The Contractual Savings Theory of Interest
John Burr Williams
Interest, Growth, & Inflation: The Contractual Savings Theory of Interest
John Burr Williams
The author develops a macroeconomic theory of the market economy based on an empirical description and financial analysis at the microeconomic level. He describes various classes of borrowers, lenders, and market mediators and the special characteristics of each that influence the demand and supply for loans.
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