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Palgrave Macmillan

Cambridge Monetary Thought

The Development of Saving-Investment Analysis from Marshall to Keynes

  • Book
  • © 1987

Overview

Authors:
  1. Pascal Bridel

    1. University of Lausanne, Switzerland

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Part of the book series: Studies in Political Economy (STPE)

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Table of contents (10 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction

    • Pascal Bridel
    Pages 1-6

  3. Supply and Demand for ‘Free’ Capital and the Rate of Interest: Marshall’s ‘Real’ Analysis

    • Pascal Bridel
    Pages 7-24

  4. Marshall’s Monetary Theory

    • Pascal Bridel
    Pages 25-51

  5. Early Contributions I: Hawtrey and Robertson (1911–24)

    • Pascal Bridel
    Pages 52-88

  6. Early Contributions II: Keynes, Lavington and Pigou (1913–24)

    • Pascal Bridel
    Pages 89-108

  7. Banking Policy and the Price Level and the ‘Kinds of Savings’

    • Pascal Bridel
    Pages 109-123

  8. Saving, Investment and the Theoretical Framework of the Treatise (1930)

    • Pascal Bridel
    Pages 124-140

  9. Further Reflections on the Rate of Interest (1930–5)

    • Pascal Bridel
    Pages 141-156

  10. The General Theory and the Principle of Effective Demand

    • Pascal Bridel
    Pages 157-187

  11. Conclusion

    • Pascal Bridel
    Pages 188-191

  12. Back Matter

    Pages 193-227
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Keywords

About this book

The primary aim of the book is to provide a critical evaluation of the origin and development of the Cambridge saving-investment analysis. This work disentangles painstakingly from a maze of sometimes contradictory, obscure and often neglected contributions, the line which leads from Marshall's interest theory to Keynes's income adjustment process. In particular, it charts, for the first time, the various steps taken by this line of inquiry in the writings of Pigou, Hawtrey, Robertson, Lavington and Keynes.

Authors and Affiliations

  • University of Lausanne, Switzerland

    Pascal Bridel

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