Eventually I dug out my old theory of interest book ( Theory of interest by Kellison ) which said it was a nominal rate.
12.
Eventually I dug out my old theory of interest book ( Theory of interest by Kellison ) which said it was a nominal rate.
13.
Brief for Petitioner 27 ( quoting S . Kellison, The Theory of Interest 169 ( 2d ed . 1991 ) ) ( emphasis added ).
14.
Furthermore, B�hm-Bawerk's positive theory of interest argued that workers trade in their share of the end price for the more certain wages paid by the entrepreneur.
15.
B�hm-Bawerk's positive theory of interest also argued that workers trade in their share of the end price for the more certain wages paid by the entrepreneur.
16.
The resulting theory, one of considerable power and insight, was presented in detail in " The Theory of Interest " ( for a concise exposition, see here .)
17.
In doing so Shackle formed a coherent, speculative theory of interest rates in which interest rates are set in line with financial speculators'expectations in the face of an uncertain future.
18.
Likewise, Herbener explains, this led Fetter to also conclude that " [ t ] he rental price of each producer good is Ricardian theories of rent, and productivity theories of interest ."
19.
As such, while saved money impacts the rate of interest, new money that is instead used for consumption does not; Cantillon's theory of interest is therefore similar to John Maynard Keynes's liquidity preference theory.
20.
Political scientist Robert Salisbury advanced the term as a critical component of interest group formation in his 1969 article " An Exchange Theory of Interest Groups " in the " Midwest Journal of Political Science ".
