The Rate of Interest and the Optimum Propensity to Consume (1938)

The Rate of Interest and the Optimum Propensity to Consume is a book written by Oscar Lange in 1938. The book discusses the relationship between the rate of interest and the optimal level of consumption in a capitalist economy. Lange argues that the rate of interest plays a critical role in determining the level of investment and consumption in an economy. He suggests that the optimal level of consumption can be achieved by adjusting the rate of interest to balance the demand for and supply of capital. The book is considered a seminal work in the field of macroeconomics and has been influential in shaping economic policy in many countries. It is a must-read for anyone interested in understanding the dynamics of modern market economies.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.