IDEAS home Printed from https://ideas.repec.org/h/pal/pshchp/978-3-031-13737-2_5.html
   My bibliography  Save this book chapter

T. W. Swan: “Some Notes on the Interest Controversy”

In: Trevor Winchester Swan, Volume I

Author

Listed:
  • Peter L. Swan

    (UNSW (Sydney))

Abstract

Writers agree that the two theories, “loanable funds” and “liquidity preference”, are merely different ways of saying the same thing - but they reach this conclusion by diverse processes in varying ways. Yet in the end the view of the controversy as a “sham dispute” will not be challenged, and it will be argued that revised terms of settlement, less ambiguous than the old, may be subscribed to by the adherents of “liquidity preference” and “loanable funds” alike. J. R. Hicks, in his chapterHicks, John R. on the determination of the rate of interest refers to a “sham dispute within the ranks of those who adhere to the monetary approach. Is the rate of interest determined by the supply and demand for loanable funds (that is to say, by borrowing and lending); or is it determined by the supply and demand for money itself? This last view is put forward by Mr.Keynes in his General Theory.

Suggested Citation

  • Peter L. Swan, 2022. "T. W. Swan: “Some Notes on the Interest Controversy”," Palgrave Studies in the History of Economic Thought, in: Trevor Winchester Swan, Volume I, chapter 0, pages 149-163, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-031-13737-2_5
    DOI: 10.1007/978-3-031-13737-2_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pshchp:978-3-031-13737-2_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.