The Importance of the Demand for Finance

Louise Davidson

Chapter 2 in Money and Employment, 1990, pp 32-40 from Palgrave Macmillan

Abstract: Abstract In his criticism of my finance motive analysis, Horwich (1966) has made an assumption which is fundamentally different from the one underlying my analytical model as well as Keynes’s own writings. Moreover, the Hicksian 1S-LM apparatus is also based on the Keynes-Davidson (hereafter referred to as K-D) assumption.

Keywords: Money Supply; Aggregate Demand; Commodity Price; Trade Credit; Active Balance (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11513-6_3

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DOI: 10.1007/978-1-349-11513-6_3

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