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Investment function in Marshall, Fisher and Keynes: a critique of the neoclassical theory of investment in light of the capital theory controversy.

An overwhelming majority of the economics profession is taught that there is an inverse relationship between interest rate and investment expenditures. In the light of the controversies in the theory of capital, we analyse in this article the way in which Marshall, Fisher and Keynes have constructed...

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Published in:European Journal of the History of Economic Thought Vol. 31; no. 3; pp. 437 - 468
Main Author: İnal, Vedit
Format: Article
Published: Taylor & Francis Ltd Jun2024
Subjects:
Interest rates
Demand function
Capital investments
Professions
Online Access:View this record in EBSCOhost

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View this record in EBSCOhost