Prosperity and Depression.pdf

AnalYtical Table of ContentsXIX(I7I)...:...~ontroversialissues (I72)-How S and I are equated in the case ofinflation (I72)-How S and I are equated in the case of deflation (175)­Alternative definitions (I76)-The terminology of Mr. Keynes· Treatiseon Money (I76)-Professor Robertson's definition of saving (177)-Moneyincome versus nloney yalue of output (I78)-The Swedish ex ante and ex postanalysis (I8o)-How equality of S and I is brought about ex post (181)­The ex ante concepts as schedules (I83)-Demand and supply of creditdetermine the rate of interest (I83)-Diagrammatic exposition (184)­Relation between the ex ante and the period analysis (I88)-How canalternative purchase and sale plans be disappointed? (I90)-Mr. Hawtrey·sdesigned and undesigned investment (192)-Saving and investment inMr. Keynes· system (193).§ 3. Hoarding, Liquidity Preference and the Rate of Interest: The" pure"theory of interest (19s)-The U loanable-fund h theory of interest (196)­:Mr. Keynes· criticism of the U classical n theory of interest (I97)-ThepTopensity to consume in the short run (198)-Interdependence of demandfor and supply of saving (I98)-Criticism of the monetary theory of interest(20o)-The concept of" hoarding" (20o)-The concept of" idle balances .,(2oz)-Hoarding and the velocity of circulation of lOoney (zo2)-Definitionof hoarding by an individual (204)-The definition of the rate of interest(20S)-Liquidity preference demand for money (207)-Three· motives forholding money (z08)-Hoarding and the rate of interest (209)-How arise in investment demand influences the interest tate (2II)-Plannedinvestment and interest rates (212)-The influence of saving on the rate ofinterest (2I.~)-Changes in M and the rate of interest (zI6)-Infiniteelasticity of demand for idle balances (218)-A limit to the fall in interestrates (ZI9)-Summary (221).§ 4. The U Multiplier" ana the" Marginal Propetl.Sity to consume" : The.. psychological" determinants of Mr. Keynes· system (222)- The problemof the" multiplier" (Z23)-The pure theory of the U multiplier" (224)­The practical problems behind the multiplier (227)-The problem ofdetermining " net investment" (z27)--Secondary investment (228)­TheprO'pensity to consume for society as a whole (228)-Changes in incomedistribution (zz9)--Govemment consumption and investment (230)­The multiplier and income ve10dty of money (Z3 1)-ConclusioI1s (232).§ S. Th, Theory of Unaer-employment : Application to the business cycle ofMr. KeYnes' system (233)-An over-saving theory of depression (233)­Other theories in Mr. Keynes' terms (23S)-Voluntary and involuntaryunemployment (237)-Free competition in thelabourmarket and unemployment(238)-Money-wages and real wages (z39)-Reduetion in moneywagesand aggregate demand (z4o)-Wage reductions increase liquidity(Z4Z)-Does flexibility of wages and prices promote stability? (243)­Chronic depressions due to under-consumption (244)-The drying-up ofinvestment opportunities (246).