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The Interest Rate as a Factor of Instability and Crises

  • Henri Savall
Chapter

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.

Keywords

Interest rate Financial market Barrier to investment Unearned income Hoarding vs. savings Recurrent underemployment Inflation criticism 

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For Further Reading

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

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Henri Savall
    • 1
  1. 1.ISEORECULLY CEDEXFrance

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