Leonard Lessius: On Buying and Selling (1605)
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Chapter 21 in A Source Book on Early Monetary Thought, 2020, pp 134-136 from Edward Elgar Publishing
Abstract:
1,000 words. Lessius states the loanable funds theory of the interest rate for the first time. He shows the interest rate is determined in the loan market by the supply and demand for loans. He states the theory of time preference.
Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2020
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