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Books Books 1 - 6 of 6 on finance " has given rise to an interesting discussion which throws much light \....
" finance " has given rise to an interesting discussion which throws much light \ Parti on the whole issue. * It is Mr. KEYNES' insistence that " finance is essentially a revolving fund .... As soon as it is ' used ' in the sense of being expended, the... "
Complexity, Endogenous Money and Macroeconomic Theory: Essays in Honour of ... - Page 27
edited by - 2006 - 448 pages
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Money: The New Palgrave

John Eatwell, Murray Milgate, Peter Newman - Business & Economics - 1989 - 340 pages
...theory (Tobin, 1982). As Keynes put it in his reply to Ohlin ( 1937), '"Finance" is a revolving fund As soon as it is used in the sense of being expended,...temporarily unliquid is available to be used over again' (Keynes, 1937, p. 666). This is essentially a reaffirmation of the traditional conception of the circular...
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Keynes's General Theory and Accumulation

A. Asimakopulos - Business & Economics - 1991 - 207 pages
...he implicitly assumed that the same conclusions held for both situations. 'As soon as it ['finance'] is "used" in the sense of being expended, the lack...temporarily unliquid is available to be used over again.' Keynes apparently bases this statement on the ex post equality between saving and investment: 'there...
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John Maynard Keynes, Critical Assessment: Second series

John Cunningham Wood - Keynesian economics - 1994 - 559 pages
...to be attached to the significance of the expenditure of 'finance'. From 'As soon as it ["finance"] is "used" in the sense of being expended, the lack...temporarily unliquid is available to be used over again' (ibid., p. 219); it became 'the demand for cash, due to the requirements of "finance", is automatically...
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John Maynard Keynes, Critical Assessment: Second series, Volume 6

John Cunningham Wood - Keynesian economics - 1994 - 552 pages
...requires the completion of the multiplier process, and thus Keynes's statement 'As soon as it [finance] is "used" in the sense of being expended, the lack of liquidity is automatically made good . . .' (Keynes, 1973, p. 219), is incorrect. Although Terzi appears to be upholding the validity of...
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John Maynard Keynes, Critical Assessment: Second series, Volume 7

John Cunningham Wood - Keynesian economics - 1994 - 576 pages
...lack of precision on this point appears clearly from statements such as: "As soon as/the finance/is 'used' in the sense of being expended, the lack of liquidity is automatically made good", Keynes, 1937b, p. 666 (CW, p. 219). Robertson, 1936, p. 164, correctly pointed out that "the purchase...
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Capital, Accumulation, and Money: An Integration of Capital, Growth, and ...

Lester D. Taylor - Business & Economics - 2000 - 265 pages
...that the world's greatest economist was anyone other than himself! Capital Theory in Perspective 143 for the community as a whole, only a bookkeeping transaction....for the community taken as a whole at the end of the interregnum period. [Keynes (1937b, p. 615).] And then in an oft-quoted passage later in the same article:...
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