Jump to ContentJump to Main Navigation
A Market Theory of Money$
Users without a subscription are not able to see the full content.

John Hicks

Print publication date: 1989

Print ISBN-13: 9780198287247

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198287240.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy).date: 15 August 2018

Choice Among Assets

Choice Among Assets

Chapter:
(p.64) 8 Choice Among Assets
Source:
A Market Theory of Money
Author(s):

John Hicks

Publisher:
Oxford University Press
DOI:10.1093/0198287240.003.0009

The liquidity concept, which in Keynes's Treatise, (1930) had been confined in application to the behaviour of banks, can be reinterpreted so as to give it a wider reference. Any sort of financial firm can be confronted with similar alternatives, and so could have assets of various degrees of liquidity. One could think of it being faced with a ‘spectrum’ of such assets from which to choose, a spectrum which could be wider or narrower than that on which a bank would usually work. And having gone so far, why not go further? Why not look for liquidity elements in the decisions of all sorts of firms, and even in the management of his property by the private capitalist? This chapter considers the two directions in which the concept might be generalized — to the decisions of more sorts of choosers and between more sorts of assets.

Keywords:   financial assets, Keynes, liquidity, financial firm, decisions

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .