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A Market Theory of Money$
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John Hicks

Print publication date: 1989

Print ISBN-13: 9780198287247

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287240.001.0001

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Interest and Investment

Interest and Investment

(p.112) 13 Interest and Investment
A Market Theory of Money

John Hicks

Oxford University Press

This chapter begins with a discussion of R. G. Hawtrey's monetary theory, which was rejected by Keynes. It then discusses the concepts of defensive investment and innovative investment.

Keywords:   Keynes, R. G. Hawtrey, interest rate, capital investment, defensive investment, innovative investment

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