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Sinopsis
How trade, money, and government shape the cost of borrowing and lending
This nonfiction work examines the forces that determine the natural rate of interest. It explains how the profits of trade, the number of traders, and the security of private rights all influence borrowing costs. The book also discusses how government actions affect money, debt, and financial safety. In clear, accessible language, it connects economic ideas to real-world policy and everyday finance. It shows how liberty, public safety, and economic incentives work together to set interest rates and fuel or restrain trade.
- How the profits of trade relate to the number of traders and overall economic activity.
- Why necessity and security shape people’s decisions to lend, borrow, and trade.
- The role of government and legal frameworks in influencing money, debt, and interest.
- How changes in policy or climate can shift the cost of money across regions and time.
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Reseña del editor
Excerpt from The Natural Rate of Interest
The present edition is a reprint of Massie's essay as issued in The general appearance of the title page has been preserved, the original pagination has been indicated and a few notes have been appended.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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The Natural Rate of Interest (Classic Reprint)
Impresión bajo demandaLibrería: Forgotten Books, London, Reino Unido
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Paperback. Condición: New. Print on Demand. In this book, the author takes on the commonly accepted assumptions regarding the governing causes of interest rates at the time of writing. The author Joseph Massie presents a critical examination of the views put forth by Sir William Petty and John Locke who both wrote extensively on the topic. Massie carefully analyzes their theories on the relationship between the amount of money in circulation and the rate of interest, arguing that their positions do not accurately reflect the observed behavior of interest rates in the real world. Massie provides a more nuanced perspective, suggesting that the rate of interest is determined by a complex interplay of factors, including the level of economic activity, the availability of credit, and the expectations of borrowers and lenders. Massieâs insights on the subject of interest rates were groundbreaking for their time and remain relevant to contemporary discussions on monetary policy and economic growth. They challenge readers to think critically about the factors that influence interest rates and the broader implications for economic policy. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Nº de ref. del artículo: 9781330706749_0
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The Natural Rate of Interest (Classic Reprint)
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330706749
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The Natural Rate of Interest (Classic Reprint)
Librería: PBShop.store UK, Fairford, GLOS, Reino Unido
Calificación del vendedor: 5 de 5 estrellas
PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781330706749
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