IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/54022.html
   My bibliography  Save this paper

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

Author

Listed:
  • Loizos, Konstantinos

Abstract

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.

Suggested Citation

  • Loizos, Konstantinos, 2011. "A Note on Chapter 29 of Keynes’s Treatise on Money," MPRA Paper 54022, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:54022
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/54022/1/MPRA_paper_54022.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/54086/1/MPRA_paper_54086.pdf
    File Function: revised version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul Davidson, 1978. "Money and the Real World," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15865-2, December.
    2. Milonas, Nikolaos T & Thomadakis, Stavros B, 1997. "Convenience Yield and the Option to Liquidate for Commodities with a Crop Cycle," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 24(2), pages 267-283.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul M. Mason, 1985. "An Assessment of Tobin's Interpretation of Keynes' Liquidity Preference Theory," The American Economist, Sage Publications, vol. 29(2), pages 49-54, October.
    2. Marcelo de Oliveira Passos & José Luís Oreiro, 2008. "A post Keynesian macrodynamic simulation model for an open economy," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211235250, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    3. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    4. Paul Davidson, 1991. "Is Probability Theory Relevant for Uncertainty? A Post Keynesian Perspective," Journal of Economic Perspectives, American Economic Association, vol. 5(1), pages 129-143, Winter.
    5. Noemi Levy-Orlik, 2012. "Keynes’s views in financing economic growth: the role of capital markets in the process of funding," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Keynes’s General Theory for Today, chapter 10, pages 167-185, Edward Elgar Publishing.
    6. Thomas Cate (ed.), 2012. "Keynes’s General Theory," Books, Edward Elgar Publishing, number 3855.
    7. J. Barkley Rosser, 2020. "Austrian themes and the Cambridge capital theory controversies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 33(4), pages 415-431, December.
    8. Rau-Bredow, Hans, 2022. "Contango and Backwardation in Arbitrage-Free Futures-Markets," MPRA Paper 111688, University Library of Munich, Germany.
    9. Jorge Iván González, 2016. "Sentimientos y racionalidad en economía," Books, Universidad Externado de Colombia, Facultad de Economía, edition 1, number 75, August.
    10. Marc Lavoie, 2020. "Was Hyman Minsky a post-Keynesian economist?," Review of Evolutionary Political Economy, Springer, vol. 1(1), pages 85-101, May.
    11. Marco A. Crocco, 2008. "Technical Change And Formation Of Expectations," Metroeconomica, Wiley Blackwell, vol. 59(2), pages 276-304, May.
    12. Awan, Obaid A., 2019. "Price discovery or noise: The role of arbitrage and speculation in explaining crude oil price behaviour," Journal of Commodity Markets, Elsevier, vol. 16(C).
    13. Eleni Thanou & Dikaios Tserkezos, 2008. "Nonlinear Diachronic Effects Between Stock Returns and Mutual Fund Flows: Additional Empirical Evidence from the Athens Stocks Exchange," Working Papers 0826, University of Crete, Department of Economics.
    14. L. Randall Wray, 1997. "Money and Taxes: The Chartalist Approach," Economics Working Paper Archive wp_222, Levy Economics Institute.
    15. Sven R Larson, 2017. "Redistribution and Economic Decline," Working papers Conference proceedings The Future of Ethics, Education and Research, October 16-17, 2017 07, Research Association for Interdisciplinary Studies.
    16. J. Barkley Rosser, 2001. "Alternative Keynesian and Post Keynesian Perspective on Uncertainty and Expectations," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 23(4), pages 545-566, July.
    17. David Dequech, 2012. "Post Keynesianism, Heterodoxy and Mainstream Economics," Review of Political Economy, Taylor & Francis Journals, vol. 24(2), pages 353-368, April.
    18. Sven Larson, 2002. "Uncertainty and Consumption in Keynes's Theory of Effective Demand," Review of Political Economy, Taylor & Francis Journals, vol. 14(2), pages 241-258.
    19. Jan Toporowski, 2012. "Corporate Liquidity and Financial Fragility: The Role of Investment, Debt and Interest," Working Papers 169, Department of Economics, SOAS University of London, UK.
    20. Tore S. Kleppe & Atle Oglend, 2019. "Can limits‐to‐arbitrage from bounded storage improve commodity term‐structure modeling?," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 39(7), pages 865-889, July.

    More about this item

    Keywords

    Forward Markets; Trade Cycle;

    JEL classification:

    • B26 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Financial Economics

    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:pra:mprapa:54022. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    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.