Professor Shackle and the Liquidity Preference Theory of Interest Rates

Abstract

Professor Shackle has long maintained both the originality of the liquidity preference theory of interest rates and its paramount importance for macroeconomics. He has argued, for example, that:

Citation

McGregor, P.G. (1985), "Professor Shackle and the Liquidity Preference Theory of Interest Rates", Journal of Economic Studies, Vol. 12 No. 1/2, pp. 89-106. https://doi.org/10.1108/eb002596