Skip to main content
Article thumbnail
Location of Repository

A Note on Chapter 29 of Keynes’s Treatise on Money

By Konstantinos Loizos


The question posed by Chapter 29 of the Treatise is the following: Is it possible, for fluctuations in liquid capital to counterbalance fluctuations in working capital and thus provide the means – apart from the motive – for a recovery after a slump? This note attempts to give an account of how Keynes answers to this question by building a theory of the forward markets.

Topics: B26 - Financial Economics
Year: 2011
OAI identifier:

Suggested articles

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.