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The Interest Rate as a Factor of Instability and Crises

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Abstract

This chapter focuses on the interest rate and its harmful role in real economic activity. Bernácer proposes a unique radical theory based on the existence of the so-called financial market, unearned income, hoarding, and speculative activities. He highlights the link between monetary value and interest rate. He criticizes inflation and shows the limits of State intervention on the economy. The present recurrent economic crises corroborate Bernácer’s contribution.

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For Further Reading

  • Savall, H., Péron, M., Zardet, V., & Bonnet, M. (2015, 2017). Socially responsible capitalism and management. New York: Routledge.

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Authors and Affiliations

  1. ISEOR, ECULLY CEDEX, France

    Henri Savall

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  1. Henri Savall
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Savall, H. (2018). The Interest Rate as a Factor of Instability and Crises. In: Radical Origins to Economic Crises. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-93366-5_5

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  • DOI: https://doi.org/10.1007/978-3-319-93366-5_5

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-93365-8

  • Online ISBN: 978-3-319-93366-5

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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