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A Note on Chapter 29 of Keynes’s Treatise on Money

Konstantinos Loizos

MPRA Paper from University Library of Munich, Germany

Abstract: The question posed by Chapter 29 of the Treatise is the following: Is it possible, for fluctuations in liquid capital to counterbalance fluctuations in working capital and thus provide the means – apart from the motive – for a recovery after a slump? This note attempts to give an account of how Keynes answers to this question by building a theory of the forward markets.

Keywords: Forward Markets; Trade Cycle (search for similar items in EconPapers)
JEL-codes: B26 (search for similar items in EconPapers)
Date: 2011
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https://mpra.ub.uni-muenchen.de/54086/1/MPRA_paper_54086.pdf revised version (application/pdf)

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