On the Marginalist Theory of ‘Capital Supply’

5 Pages Posted: 6 Jan 2016

See all articles by Ian Steedman

Ian Steedman

Manchester Metropolitan University - Department of Economics

Date Written: February 2016

Abstract

A familiar theory of how the volume of lending depends on the rate of interest is deficient in at least two respects. First, it treats household income as independent of the rate of interest; second, it supposes the relative prices of consumption commodities to be independent of that rate.

Suggested Citation

Steedman, Ian, On the Marginalist Theory of ‘Capital Supply’ (February 2016). Metroeconomica, Vol. 67, Issue 1, pp. 114-118, 2016, Available at SSRN: https://ssrn.com/abstract=2711526 or http://dx.doi.org/10.1111/meca.12095

Ian Steedman (Contact Author)

Manchester Metropolitan University - Department of Economics ( email )

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